Analyst Coverage

Moosehead enters cannabis drink market with Sproutly joint venture

Moosehead Breweries Ltd., one of Canada’s largest brewers, is getting into the cannabis business. The Saint John, N.B.-based brewer announced it plans to form a joint venture with Sproutly Canada Inc., a cannabis producer and extractor, to develop pot-infused beverages that will be released later this year in the Canadian market. “With the anticipated legalization of edibles in Canada later this…

What Drove Altria’s Revenue in the Fourth Quarter?

By Ralph Nathan, Market Realist Fourth-quarter revenue In the fourth quarter, Altria Group (MO) posted revenue, net of excise tax, of $4.79 billion, which fell short of analysts’ expectation of $4.81 billion. However, year-over-year, the company’s revenue increased by 1.5% driven by growth in the smokeable segment’s revenue, partially offset by a decline in revenue from the smokeless and wine segments. Let’s…

An up-close view of a flowering cannabis plant with a dark background.

Surprise! Tilray’s CEO Just Dumped $11 Million in Stock

By Sean Williams, Motley Fool Just when you thought it was time to write off pot stocks following a miserable fourth quarter, they’ve come roaring back in a big way. Year to date, through Jan. 30, the Horizons Marijuana Life Sciences ETF, a cannabis basket fund with around four dozen securities, has gained 42%! That’s blazing hot. Tilray appears to have…

Green Growth Brands Files Offer to Purchase and Circular for Aphria Inc.; Aphria Urges Shareholders to “Take No Action”

By Eric Vengroff, Financial Analyst Jan. 23, 2019  – In the second round of an escalating battle for the future of Aphria Inc.  (TSX: APHA and NYSE: APHA), Green Growth Brands Inc. (GGB.CN) announced that it filed an Offer to Purchase and Circular and all the necessary regulatory filings in Canada and the U.S. for all of the issued and outstanding common…

Aphria Releases Q2 Results as Founders Step Down

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 examining the recent bid by Green Growth Brands  (CSE:GGB) for Aphria,…

Aurora Cannabis Provides Guidance for the Second Quarter of Fiscal 2019, Anticipating Net Revenues of $50M to $55M

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 earnings call, more than a month away on  February 11th,…

The Fastest-Growing Marijuana Stocks in 2019

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 pot stocks had been absolutely leveled. On the bright side,…

Marijuana buds on top of pile of cash

Green Growth Brands Launches Hostile Takeover Bid for Aphria Inc.

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 with 1.5714 common shares of Green Growth for each of…

Cannabis Stocks Mixed on Monday

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 3.7.% to C$37.30 per share. As reports about orchestrated shorting…

Northland Capital Initiates Coverage on Planet 13 Holdings

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, Canaccord Genuity reinitiated coverage of Planet 13 Holdings with a…

Interview – Diane Scott, Chairman & CEO, Jamaican Medical Cannabis Corporation (JMCC)

by Eric Vengroff, Financial Analyst We’ve 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 Jamaica’s indigenous cannabis strains. Last June, JMCC signed an official Memorandum…