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, […]
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 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 […]
(Bloomberg) by Luca Casiraghi, Kristine Owram, Joshua Fineman and Matt Robinson– Aphria Inc., one of the biggest Canadian pot companies, fell as much 29 percent in New York after a short seller said it was a “black hole”. Gabriel Grego, founder of Quintessential Capital Management, told delegates at a conference […]
By Brandon A. Dorfman, PotNetwork NOV 30, 2018 -The North American Marijuana Index dipped back downwards on Thursday as volatility in the cannabis stock market prevailed despite Congressional leaders coming together to hammer out the final details of a federal farm bill that includes hemp legalization. Senate Agriculture Chairman Pat […]
By Eric Vengroff, Cannabis Daily In a sure twist of irony that in all fairness was probably expected somewhat, it appears that the legalization of cannabis for recreational use in Canada on October 17th has had precisely the counter-intuitive effect of cutting the stock prices of many of today’s leading […]
