Analyst Coverage

Marijuana stock The Green Organic Dutchman sees revenue rise 20%

The Green Organic Dutchman Holdings (OTC: TGODF) reported second-quarter results on Aug. 13. The Canada-based cannabis company’s revenue rose 20% sequentially to 2.9 million Canadian dollars. Most of its sales were generated by its European operations, as the company just recently launched its Grower’s Circle — a small test of its medical marijuana distribution capabilities in Canada. Additionally, The Green Organic…

Biome Grow wins right to sell cannabis in Manitoba

Biome Grow Inc. (“Biome” or the “Company”) (CSE:BIO) (6OTA.F) (OTCQB: BIOIF) is pleased to announce that it has been licensed for the retail sale of cannabis in the province of Manitoba. This announcement comes on the back of recent approvals allowing Biome to distribute cannabis products in Saskatchewan and New Brunswick. With this announcement, Biome is licensed to distribute cannabis in five…

Stake your claim in Canadian cannabis with Hexo stock

There’s no way to possibly buy every pot stock on the market; there are just too many of them to choose from. Therefore, you’ll need to narrow your focus, and Canada is truly the epicenter of activity when it comes to legalized cannabis. While everyone else is focusing on well-known brands like Canopy Growth (NYSE: CGC ) and Aurora Cannabis  (NYSE: ACB ), I believe that Hexo  (NYSE: HEXO ) stock is…

Why Tilray stock is tanking today

What happened Shares of Tilray (NASDAQ: TLRY) are tanking today, down by 10.3% as of 10:40 a.m. EDT. The big drop reflects investors’ disappointment with the Canadian cannabis producer’s second-quarter results , which were announced on Tuesday after the market closed. So what Analysts expected Tilray to post a net loss of $0.25 per share. However, the company actually reported an adjusted net loss…

Cannabis Canada Daily: Supreme CEO says pot investing has hit inflection point

Pot investing ‘not just about hype anymore’: Supreme CEO The chief executive officer of Supreme Cannabis says that CannTrust Holdings’ ongoing regulatory scandal is shifting how investors view pot companies. “It’s going to separate good operators from the rest of the pack, because now you’re getting a lot of attention,” Supreme CEO Navdeep Dhaliwal told BNN Bloomberg Tuesday. “People are really…

Canadian pot company Tilray’s stock slips after posting a wider-than-expected loss for the second quarter

Tilray’s stock fell after the Canadian cannabis company reported a wider-than-expected loss for the second quarter after the markets closed Tuesday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Adjusted earnings per share: A loss of 32 cents vs. a loss of 25 cents expected Revenue: $45.9 million…

Molson Coors may be the only thing propping up HEXO stock

The cannabis industry continues to deliver storylines, both negative and positive, that leave investors scratching their heads about which pot stocks to buy. One recent story has shined a light on Hexo (NYSE:HEXO), which could end up hurting Hexo stock holders.  Hexo, the largest company by market share in Quebec, Canada’s second-largest province by population, is facing additional scrutiny after The Friendly…

Has the pot stock bubble finally burst?

Is the marijuana stock bubble about to burst or has it just done so? A series of unfortunate events has bruised the image of the cannabis industry. There is too much drama coming from the perceived industry leader Canopy Growth down to the second-tier cannabis companies — and stock prices for weed have fallen sharply. You can feel the dismay of investors. It wouldn’t…