Tag: Top Cannabis Stocks

POSaBIT Reports Q1 2020 Financial Results, Forecasts Q3 Profitability

TORONTO & SEATTLE–(BUSINESS WIRE)–POSaBIT Systems Corporation (CSE: PBIT), a leading financial technology company delivering unique payment processing and point-of-sale (POS) systems for cash-only businesses with a focus on the cannabis industry, is pleased to report its financial results for the quarter ended March 31, 2020. During the first quarter in 2020, POSaBIT experienced increased revenues of over 5% compared to…

Plus Products Launches Highest Concentrated Cannabis Gummy in California with New HI-CUBES Brand

SAN MATEO, Calif., July 14, 2020 (GLOBE NEWSWIRE) — Plus Products Inc. (CSE: PLUS) (OTCQX: PLPRF) (the “Company” or “PLUS”), a cannabis and hemp branded products company in the U.S., today announced the launch of its new HI-CUBES brand into the California adult-use market. READ MORE: http://www.globenewswire.com/news-release/2020/07/14/2061782/0/en/Plus-Products-Launches-Highest-Concentrated-Cannabis-Gummy-in-California-with-New-HI-CUBES-Brand.html

5 Awful Stocks Robinhood Investors Are Buying

No matter how long you’ve been an investor, there’s simply nothing that could have prepared you for what 2020 has offered thus far. In a roughly four-month span, investors have dealt with about a decade’s worth of volatility due to the unprecedented coronavirus disease 2019 (COVID-19) pandemic. Of course, periods of panic and heightened volatility have generally served long-term investors…

XS Financial Announces Closing of California Lenders License Acquisition

LOS ANGELES–(BUSINESS WIRE)–XS Announces Closing of Acquisition for California Lenders License READ MORE: http://www.businesswire.com/news/home/20200713005692/en/XS-Financial-Announces-Closing-California-Lenders-License/?feedref=JjAwJuNHiystnCoBq_hl-W8j9Oi60kFTomUxRDB8jhB7TDOU5CqE9t5WwBA1inzlrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3kCXJZE-1b1nXn968wYfofVIbE9ZC1pD3bt6lQgRU5j6g==

Aphria Might Be a Bargain Among Marijuana Stocks. One Analyst Explains Why.

It deserves a premium, argues Stifel analyst W. Andrew Carter, given Aphria’s strong balance sheet and cash flows. Aphria’s trades for just 4.4-times its predicted sales. As profits grow at Aphria, the Stifel analyst thinks investors will award it a premium multiple of 6-times sales. READ MORE: https://finance.yahoo.com/m/34a0d471-c687-3ef1-b1af-bdd129a08115/aphria-might-be-a-bargain.html?.tsrc=rss

iAnthus Announces Execution of Support Agreement for a Recapitalization Transaction

iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, announced today that it has entered into a Restructuring Support Agreement (as defined below) with 100% of its Secured Lenders (as defined below) and over 91% of the Unsecured Debentureholders (as defined below) to effect…

Better Buy: OrganiGram vs. Aurora Cannabis

If you’re looking for two cheap pot stocks to buy, Aurora Cannabis (NYSE: ACB) and OrganiGram Holdings (NASDAQ: OGI) could be good options. Is Aurora Cannabis finally on the right path? Aurora’s been one of the riskier buys in the cannabis industry, but there’s hope that the Alberta-based cannabis producer is turning things around. READ MORE: https://finance.yahoo.com/m/56e73186-920d-3176-80f4-4e8682ccc136/better-buy:-organigram-vs..html?.tsrc=rss

4 Times When Cannabis Companies Badly Missed Their Forecasts

It’s easy for investors to get caught up in the hype surrounding the cannabis industry, especially when expectations are sky-high. There are plenty of examples of cannabis companies falling short of their own expectations. In April 2019, then-CEO Bruce Linton projected that Canopy Growth (NYSE: CGC) would generate over 1 billion Canadian dollars ($744 million) in revenue over a 12-month period…

Aurora Cannabis (ACB): Transformation on Track

Aurora Cannabis (ACB – Research Report) continues to confirm a strong transformation to a cannabis company focused on profitable growth while Canopy Growth (CGC – Research Report) is still chasing large market opportunities with wild spending. The company is now on track to spend about 25% of the SG&A as the largest Canadian cannabis stock while approaching the same revenue levels.The Edmonton-based company is…

Central Bank of Lesotho Gives Halo Green Light to Proceed With Acquisition of Bophelo

TORONTO–(BUSINESS WIRE)–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has obtained regulatory approval from the Central Lesotho Bank (“CBL”) to proceed with its proposed acquisition (the “Transaction”) of Bophelo Bioscience & Wellness (Pty) Ltd (“Bophelo”). With approval from CBL in hand, Halo is moving towards closing the Transaction and…