Marijuana Business News

Synonyms: 
stocks
business
Wed
25
Sep

Canadian cannabis producer sales estimates 'too aggressive': CIBC

Sales estimates for the legal cannabis industry over the next two years are “far too aggressive” and could lead to significant stock declines, according to CIBC analysts.

CIBC analyst John Zamparo published a note to clients on Tuesday stating that consensus estimates for revenue and adjusted earnings from other cannabis analysts are “unachievable,” throwing cold water on the lofty sales estimates that have buoyed the nascent marijuana sector since it was legalized in Canada last year.

Tue
24
Sep

Hard to please? Marijuana product recalled after it failed to get Canadians high

An actual health hazard warning was released after a marijuana product couldn’t get Canadians high.

The product was sold at a Quebec cannabis distributor and it was mislabeled. This led to Health Canada to release an actual hazard warning.

Some customers received cannabis containing 12.2% THC while others received ‘Bayou Flower’ containing 6.36%. That would probably mean some people were getting 50% higher than others depending on what they were sent.

An Indian Express report said that around 16,818 units of the recalled product were sold, of which, fortunately only 245 units were mislabeled.

Tue
24
Sep

2 high risk, high reward marijuana stocks

The cannabis industry has been a roller coaster. Last year, several pot stocks doubled, tripled, and even quadrupled in value. Billions in market value accrued in a matter of months. Countless millionaires were minted.

This year has been a different story, however. Both large and small, marijuana stocks have struggled. Some well-respected companies have seen their share prices slashed in half.

Tue
24
Sep

A campaign promise kept: Canada’s modestly successful cannabis legalization

The anniversary of Canada’s recreational cannabis legalization arrives Oct. 17, just days before the federal election. Legalization was a Liberal campaign promise from the last election, so it’s timely to review how it’s worked out.

Tue
24
Sep

Nova Scotia gets crafty on cannabis with help from Sundial Growers

Nova Scotia is receiving reinforcements from Sundial Growers.

The province just became Canada’s sixth—behind B.C., Saskatchewan, Alberta, Manitoba and Ontario—to receive the Calgary-based company’s “craft-at-scale” small batch cannabis.

“Nova Scotia has done a tremendous job within the first year of legalization resulting in strong consumer demand for high-quality cannabis products,” said Andrew Stordeur, president of Sundial’s Canadian operations.

Mon
23
Sep

Load up on these 3 marijuana stocks before it’s too late

This year has been a rollercoaster ride for marijuana stocks, and investors have their reservations about pot stocks. I would not be surprised if you have stepped away from cannabis-related stocks after the kind of year the legal weed industry had so far. At the same time, it could be an exciting year to get back to it.

The recent round of sell-offs is fresh in the minds of investors. I still feel you have plenty of opportunities to consider if you’re willing to give some weed stocks a good look again.

There is a chance that weed stocks can fight their way back up again to make it big. Today I am going to talk about three marijuana company stocks that you should consider buying before they explode.

Mon
23
Sep

2 cannabis stocks to watch in the coming months

Marijuana stocks have been absolutely slaughtered since mid-April. Sure, various geopolitical and economic factors have contributed to equity markets slowing down, but most top marijuana companies have underperformed the broader market.

Despite this catastrophic performance, however, there might be hope for pot firms yet. In particular, two companies worth paying attention to over the next few months are Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST).

Mon
23
Sep

Health crisis casts shadow over Canadian debut of Cannabis vapes

The vaping health crisis is happening at a very bad time for the Canadian cannabis industry.

With pot stocks already down over 40 percent since the end of the first quarter, news that an Ontario youth has been diagnosed with Canada’s first reported vaping-linked illness while hundreds have fallen ill in the U.S., is further battering the sector.

Mon
23
Sep

Commercial property listings for cannabis retail go live amid struggling B.C. legal market

Listings earmarked as cannabis retail locations are available in MLS systems throughout the province of British Columbia for the first time since federal legalization came into force last year.

B.C. commercial real estate brokerage Vancouver Business Brokers announced its intent to capitalize on the ever-increasing popularity of cannabis, ostensibly in the hopes of contributing to the diversification and accessibility of the rapidly sprouting industry.

Mon
23
Sep

Canadian retail sales gain in July but details show signs of strain

Retails sales increased 0.4 per cent in July, the first advance in three months, as consumers spent more on new cars, Statistics Canada said Friday from Ottawa. The gain trailed economist expectations for a 0.6 per cent increase. Excluding motor vehicles and gasoline, retail sales fell 0.1 per cent on the month.

 

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