Recent News
The press release below this morning reported on the company’s second quarter results and announced the imminent departure of CEO Vic Neufeld and and Co-Founder Cole Cacciavillani. This release comes at a time when Aphria Inc., its board and management are embattled with investigative reporters, financial analysts and short sellers […]
Company Provides Production & EBITDA Guidance for Q2 2019 As the cannabis sector went through a major re-valuation cycle in the last two months of 2018, pressure continues to mount among many of the well-capitalized early entries to prove up their current valuations. Today’s announcement from Aurora regarding their […]
According to Sean Williams of the Motley Fool, these cannabis stocks should have at least 400% sales growth in fiscal 2019. “The marijuana industry produced about as bifurcated a year as investors could have imagined in 2018. By the time the curtain closed, validity had been gained like never before, but […]
By Eric Vengroff, Financial Analyst Xanthic Biopharma Inc. dba Green Growth Brands Ltd.(CSE: GGB) announced today that it intends to make an offer to purchase all of the issued and outstanding common shares of Aphria Inc. (TSX: APHA and NYSE: APHA) which it does not already own. The offer would give Aphria shareholders […]
By Eric Vengroff, Financial Analyst Amidst another circa. 400-point selloff on the Dow this morning, and a 0.6% drop on the TSX, cannabis stocks are trading mixed on the various North American exchanges. At 11:55 Tilray (US:TLRY) is down 4% to $71.75 per share while Canopy Growth (CA:WEED) is up […]
By Ralph Nathan, Market Realist On December 19, Northland Capital Holdings initiated coverage on Planet 13 Holdings (PLNHF) with a “buy” rating, giving the stock a price target of 3.75 Canadian dollars, which represents an upside potential of 252.1% from its December 19 closing price of 1.07 Canadian dollars. On December 7, […]
by Eric Vengroff, Financial Analyst CD has been following the ongoing challenges and opportunities facing the Jamaican Medical Cannabis Cooperative in its efforts to import medical cannabis to Canada for academic and research processes. Additionally, the JMCC has embarked on $2 million US, 10-year project to identify, analyze and preserve […]
Opinion Editorial by Eric Vengroff, Financial Analyst Look out beaver bongs, the Marlboro man is moving north. In what has turned out to be an exciting week in the world of pot-related acquisitions, Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced that Altria Group, Inc. (NYSE: MO) (“Altria”) has agreed […]
by Eric Vengroff, Financial Analyst It’s easy to write a story a day about the various moves that Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) executes regularly, but this one is certainly noteworthy. The company announced that it has finalized an all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related […]
by Eric Vengroff, Financial Analyst As someone who attended York Mills Collegiate Institute in the 1970’s, it should suffice to say that I’ve had a deep appreciation for the entertainment and recreational value of cannabis for many years. The unmistakable perfume of Mexican whatever wafted through the halls and stairwells […]
Shares of 48North Cannabis Corp (TSXV:NRTH) are up 9 cents to $0.54, up 18% from Friday’s close and bucking the overall downward trend of North American cannabis stocks this morning on the major exchanges, following the announcement of two developments. First, the company announced today that it has entered into […]
