On yet another “red” day for stock markets, marijuana investors saw their stocks tumble right along with the rest of the Nasdaq. In a press release early this morning, Hexo gave investors an update on its strategic plan entitled “The Path Forward,” explaining how Hexo — shares of which traded above $30 just a couple of years ago, but now…
New Tilray Branded and GMP-Certified 15g Medical Cannabis Whole Flower Now Available for Patients Under Australia’s TGA Special Access and Authorized Prescriber Scheme READ MORE: https://www.globenewswire.com/news-release/2022/01/25/2372367/0/en/Tilray-Expands-Medical-Cannabis-Product-Offering-in-Australia.html
Canadian cannabis titan Tilray Inc. fell for a third straight day, surrendering much of a rally posted earlier this week after earnings that were buoyed by acquisitions and a rebranding — moves aimed at strengthening its global reach in the face of stiff competition at home. Canada’s marijuana-market leader is still up about 4% this week after the shares jumped…
Tilray, the largest cannabis company in Canada and the world, is blazing a path others may soon follow, getting into the alcohol business. While this might seem a no-brainer, both industries deal in intoxicants, so far, any merging of interests has been strictly one-sided, with only large alcohol entities investing in the once hyped cannabis market up north. But, given…
The descent for Canadian marijuana stocks continued last year, as expectations dimmed for cannabis reform in the U.S. READ MORE: https://finance.yahoo.com/m/6e8fb483-3ff2-3a41-8275-9e9949427873/are-any-marijuana-stocks-on.html?.tsrc=rss
Tilray, Inc. Reports Profitable Second Quarter Fiscal Year 2022 Financial Results New Parent Company Name, TILRAY BRANDS, Reflects Growing Portfolio of Leading, Global CPG Brands Net Revenue Increased ~20% to $155 Million from the Prior Year Quarter Net Income Improved $95 Million to $6 Million from the Prior Year Quarter Adjusted EBITDA of $13.8 Million, […] READ MORE: https://www.newcannabisventures.com/tilray-q2-cannabis-sales-decline-17-sequentially-to-58-8-million-as-adult-use-sales-drop-30/
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Subscribe to receive our free weekly newsletter in […] READ MORE: https://www.newcannabisventures.com/tilrays-sinking-share-of-the-canadian-cannabis-market/
Cannabis stock Tilray had underwhelmed shareholders in 2021. However, the eventual legalization of cannabis in the U.S. will treat TLRY shareholders to a new high. Canada-based Tilray (TLRY) – Get Tilray, Inc. Report is one of the most talked-about stocks on online forums like Reddit. But the cannabis company’s share price saw both highs and lows in 2021. Volatility in TLRY shares was…
It seems the losing streak continues for the Canadian Cannabis LP Index for the sixth month now, after declining 13.5% in December to 194.95, New Cannabis Ventures writes. (Click for Benzinga article) After a 1% gain in June, the index retreated nearly 27% in the third quarter. The index, which fell 30.1% in 2020 to end at 275.16, dropped 26% in the fourth quarter and 29.2%…
Analysts at investment bank Wells Fargo initiated coverage across the sector, warning of overvaluation among marijuana companies and suggesting investors turn their attention to hydroponics suppliers instead — but marijuana stocks leapt higher anyway. As of 12:35 p.m. ET, shares of Tilray (NASDAQ: TLRY) are gaining 4.6%, and both Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) are up…
U.S. legalization is still stalled, but Mexican marijuana legalization could be imminent. READ MORE: https://finance.yahoo.com/m/65dcbc39-8766-3994-9fd0-ee8da9955412/why-aurora-cannabis%2C-canopy.html?.tsrc=rss
Investors have some reason to hope that Congress might pass a marijuana legalization bill sooner than previously expected. READ MORE: https://finance.yahoo.com/m/ea9cf0ce-8f05-3f25-a1a5-1c2998248972/why-tilray%2C-aurora-cannabis%2C.html?.tsrc=rss