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...
By CCN: Cannabis stocks are all the rage following last year's explosion in the sector. With legalization gaining steam in both the U.S. and Canada, investors are piling into these companies as if they are going to be the next great money-making scheme. The problem is most of these stocks aren't worth real green. They are only worth what the market says they are worth, and that value is going to...
By CCN: Over the last 12 months, there has been tremendous hype on cannabis stocks. The widespread legalization in some states in the U.S. and all of Canada caused many stocks related to the pot industry to skyrocket. The surge has been deemed by some as the new gold rush. If you feel like you got left behind, don’t worry. Some cannabis stocks have corrected over the last few months, and they’re...
By CCN: Health Canada is fed up with issuing cannabis growing licenses that weren’t actually being used to grow cannabis. As a result, new applicants looking to sell, produce, or process cannabis must already have a complete and compliant facility. The rush to cash in on legalized cannabis, and the ease with which Health Canada licenses could be obtained, led to more than 100 applicants rushing...
By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: "There's something in everybody's mind in the world practically about Coca...
By CCN: Everything Kim Kardashian touches seems to turn to gold. This could be true for investments, too, including cannabis stocks such as Aurora Cannabis (ACB). Kim Kardashian and Kanye West are expecting baby No. 4, and the mom-to-be is suffering from some anxiety. It's nothing a little cannabidiol, or CBD, couldn't cure, such as the kind made by Aurora Cannabis. The Kardashian-Wests are...
By CCN: The bigger they are, the harder they fall. This has certainly been the case for cannabis stock Tilray, which was all the rage in 2018 but has had the wind knocked out of it lately. Tilray's stock has shed approximately one-fifth of its value in April alone. The longer-term performance is worse, with the stock suffering declines of 28% year-to-date. A new cannabis ETF with the trading...
It’s been a great year for cannabis stock investors, but cannabis short sellers are getting burned.
Not only are short sellers enduring heavy paper losses as cannabis share prices surge higher, a new report by financial technology and analytics firm S3 Partners suggests the fees to maintain open short positions are on the rise.