The U.S. cannabis market is growing rapidly, and it may not be long before we see every state have some form of marijuana legalized. A recent report by research companies Arcview Market Research and BDS Analytics suggests that by 2024, we could see the global cannabis sales in regulated markets to reach US$40 billion, more than double the US$14.9 billion…
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As the marijuana industry continues to evolve in Canada, it is important to keep track of who holds the upper hand in this competitive market. Of course, it isn’t just a matter of keeping score, as interesting as that may be. More importantly, though, given the exponential growth we are seeing unfold before our eyes, keeping track of important figures…
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Competition in the cannabis industry is growing, and it’s getting even harder for industry leaders like Aurora Cannabis (TSX:ACB)(NYSE:ACB) to hold their positions. With a market cap of around $10 billion, Aurora is definitely one of the highest-valued stocks in the markets, but whether it will stay that way is the big question. Let’s take a close look with how the…
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The cannabis industry is big business, and for companies that can take advantage of its strong growth, the potential could be significant. It’s why we’ve seen retailers and companies from other industries look to get involved and get a piece of the lucrative pie. With the industry still experience a lot of growth, it’s an attractive time for companies to…
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Marijuana stocks have pulled back sharply in recent weeks, as concerns over their ability to post profitable earnings and their sky-high valuations grow. It is easy to understand these fears with many such as Cronos Group (TSX:CRON)(NASDAQ:CRON) having made massive gains over the last year. Cronos has seen its stock gain 154%, even after accounting for recent weakness, while industry…
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NEW YORK, May 08, 2019 (GLOBE NEWSWIRE) — Bitstamp, Europe’s largest cryptocurrency exchange and the oldest continuously-operating exchange globally, today announces that Hunter Merghart has joined the company as head of U.S. operations. In his new role, Merghart will focus on working with new and existing customers, with an emphasis on serving institutional clients. He will be based in New…
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Canadian cannabis firm Aphria’s (TSX:APHA)(NYSE:APHA) stock has taken a severe beating to trade 32% lower after the company released its fiscal Q3 2019 results on April 15, and the share price has never recovered since, even after the overly positive news of a key tender win in budding Germany. Should investors consider buying the current valuation lows? The company is…
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Canopy Growth (TSX:WEED)(NYSE:CGC) has been on the rise again. Last week, the stock closed at over $67 — the last time it did that was back in late January. The last time the share price closed at over $70 was back in October, right around legalization and before pot stocks took a big hit. Now, with news of Canopy Growth…
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The S&P/TSX Composite Index fell 10 points on April 25. The Index has still climbed 15.7% in 2019 so far. Investors have had their faith rewarded to start 2019, but those with their eyes on long-term gains should be thinking about what stocks will be high performers in the 2020s. Today, we are going to look at two stocks that…
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Cannabis stocks continue to roar on, as the cannabis industry continues to move forward and make good on its promise of high growth. But returns and profits are a different story, and we are still waiting to see which companies will be the ultimate winners. Let’s take a look at three of the biggest cannabis companies, some latest developments, and…
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