Analyst Coverage

The Richest Cannabis Businesses in 2020

More and more countries decide to legalize cannabis and give entrepreneurs a chance to make money and keep the economy.  In 2019, the marihuana stocks were supposed to prove their worth on Wall Street by generating steady profits. However, things didn’t go according to the plan. Many investors missed opportunities due to high tax rates and supply issues in the…

2 Marijuana Stocks With the Most Cash in 2020

Since the beginning of the year, marijuana companies have seen dramatic declines due to concerns regarding oversupply in Canada and the uncertainty of legalization in the U.S. Year to date as of June 28, the ETFMG Alternative Harvest ETF (NYSEMKT:MJ), an exchange-traded fund tracking the performance of pot stocks, has declined by more than 25%. During the same period, the S&P 500…

Another Cannabis Founder Is Out At Aurora Cannabis

It’s been a rough road for some of the OG’s of the cannabis industry. Today, Aurora Cannabis (NYSE:ACB) said its Co-Founder Terry Booth had retired from his role as Director of the Company, effective June 26, 2020. Mr. Booth was the Chief Executive Officer of Aurora from December 2014 through February 2020 and served on Aurora’s Board of Directors since December 2014. “On behalf of…

B.C. Interior First Nation eyes own cannabis operation for economic, medicinal benefit

A B.C. First Nation located in a semi-remote area on the Fraser River southwest of Williams Lake is exploring potential operations within the cannabis industry. Stswecem’c Xgat’tem First Nation (Canoe Creek/Dog Creek) Kukpi7 (Chief) Patrick Harry said the nation (SXFN) has signed a letter of intent with a B.C. First Nations company to explore cannabis production that would provide economic…

Aurora Cannabis’ $1.94 Billion Mistake Just Got Worse

Aurora’s cost-cutting effort resolves one problem but exposes another. Aurora tries to backpedal to profitability At this time last year, Aurora Cannabis was still widely viewed as the kingpin of marijuana. Although it didn’t have Canopy Growth‘s cash pile, it had 15 production facilities that, if fully operational, could produce more than 650,000 kilos of cannabis a year. Aurora was also…