By CCN Markets: Canopy Growth's stock may be showing some green today, but it's down an eye-popping 48 percent from its best levels of 2019. No wonder investors can't sell fast enough, with the exception of Bruce Linton, who last month was fired as the company's chief executive but who is reportedly scooping up shares anyway. The cannabis company in recent days reported its earnings, which were...
Tilray’s stock has fallen nearly 15% since yesterday when they reported larger-than-expected second-quarter losses after the market closed. Overall, the company’s net loss increased to $35.11 million, or 32 cents a share. Slumping Cannabis Industry Cannabis-related stocks have been steadily dropping over the past few months. Major companies like Aurora Cannabis, Canntrust, and Canopy Growth have...
There are some who would claim that the boom in the marijuana industry is over. There’s no more money to be made because most of the fundamentally sound companies have meteorically risen and there’s very little room left for growth. However, we looked at the stocks in the cannabis sector and we’re surprised to see that the gold rush is far from over. To prove our point, we found three stocks that...
Intec Pharma Ltd. is a tiny company in the space of pot stocks, doing clinical research involving cannabis. But one of their drugs failed a Stage III clinical trial. Intec's stock got crushed and lost 81 percent of its value. Death of A Cannabis Stock Dream Intec has three drugs in its pipeline, including cannabis and cannabinoid-derived therapies. It is part of a universe of cannabis stocks...
Andrew Yang is the Democratic presidential candidate with the lowest profile. That's unfortunate because he's not only one of the more reasonable candidates on the slate, but he also has some very interesting policy ideas – including one that would boost cannabis stocks. Marijuana is already legal in most states for medical use and in many for recreation. It's time to end the ambiguity and...
A San Jose, Calif.-based cannabis grower and dispensary got a big profile boost. Billionaire rapper and businessman Jay-Z announced that he will be joining Caliva as a brand strategist. Jay-Z said is cited in a Bloomberg report as saying: "Anything I do, I want to do correctly and at the highest level. With all the potential in the cannabis industry, Caliva’s expertise and ethos make them the...
For investors in cannabis stocks who believe that we are now in the Wild West where anything goes thanks to legalization, they should think again. That’s especially true for investors in Canadian cannabis stocks. Canadian Cannabis Cops Clock Company Compliance Health Canada has slapped CannTrust Holdings with a notice of non-compliance, which has resulted in a double-digit percentage downdraft in...
There were bizarre developments at publicly-traded cannabis company Canopy Growth Corporation on Wednesday. Canopy Growth announced that co-CEO and founder Bruce Linton would “step down as co-CEO." Yet Bruce Linton called into CNBC later that day and told the business news network: “I think stepping down might not be the right phrase. I was terminated.” Canopy Growth further announced that Mark...