Cannabis stocks rallied on Thursday, boosted by the news that the biggest company in the sector by market cap has bought the rights to acquire a U.S. multi-state operator as soon as the federal ban on cannabis has been lifted. Canada’s Canopy Growth Corp., with its $4 billion treasure chest courtesy of an investment from Corona beer distributor Constellation Brands Inc. STZ, … [Read more...] about Cannabis stocks rally after Canopy deal secures company future foothold in the U.S.
Marijuana stocks are among our top charts to watch today. Aurora Cannabis Inc. ACB, +0.22% rose 8 cents to $8.96 on 21.3 million shares traded Wednesday. Bank of America Merrill Lynch named the company as one of three marijuana stocks to buy. The stock, after sharp year-to-date gains, has been consolidating in recent weeks, but may be on the verge of its next leg up with … [Read more...] about Two Marijuana Stocks are Among Charts Worth Watching
Rapid growth and an increasing pace of consolidation in the market are drawing attention from investors and leading to appreciation in the prices of cannabis stocks, but this week we saw the beginning of what might develop into a near-term overhang on the market: Capital Raising. While the equity and convertible debt offerings we tracked were not especially large in size, … [Read more...] about Cannabis Investors Should Watch This Important Trend
The Public Cannabis Company Revenue Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$2.5 million per quarter. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to date. Companies must file with the SEC or […] Read the … [Read more...] about 46 Top Revenue Generating Cannabis Stocks Ranked as of April 14th
On April 4, Rep. Tim Ryan (D-OH) announced that he is seeking the 2020 Democratic presidential nomination. The congressman supports marijuana legalization and has cosponsored a number of wide-ranging cannabis reform bills in recent years. Ryan earned an “A” grade from NORML. Here’s a closer look at his record on the issue. Read the source article at Marijuana Moment … [Read more...] about Where Presidential Candidate Tim Ryan Stands On Marijuana