$100 Billion Tobacco Giant Altria (NYSE:MO) Just Bet Big on This Cannabis Stock

The cannabis industry has been hit hard in recent months, with popular marijuana-based ETFs down 50% or more. Yet recent actions from $100 billion tobacco behemoth Altria Group (NYSE:MO) could signal a bottom. On November 20, Altria purchased four million shares of Cronos Group (TSX:CRON)(NASDAQ:CRON), adding to its existing position in the company. Notably, the purchases follow a steep 70%…

Read More

Will Cronos (TSX:CRON) Stock Move Higher After a 25% Decline Last Week?

Shares of leading cannabis company Cronos Group (TSX:CRON)(NASDAQ:CRON) fell over 25% in the last week. Why did Cronos Group investors lose a quarter of their market value in the week ended on November 15, 2019? Cronos Group announced its third-quarter results on November 12 and reported sales of $12.7 million — 238% higher compared to sales of $3.76 million in…

Read More

Akerna Corp. (NASDAQ: KERN) Surges 56% After Reporting Fiscal First Quarter 2020 Financial Results

Akerna Corp. (NASDAQ: KERN) is engaged as a cannabis technology company, which aims to help cannabis startups navigate the complexities of compliance and maintaining regulatory good-standing. The company’s system helps track regulated cannabis products from seed-to-store. Akerna has tracked over $16 billion in cannabis sales since its launch. Shares of the cannabis technology company surged 56.30%, through trading on Friday,…

Read More

Cannabis Investors: 3 Big Changes Coming Soon to Cronos Group’s (TSX:CRON)

Cannabis firm Cronos Group (TSX:CRON)(NASDAQ:CRON) reported its third-quarter financial results on Wednesday this week and management has announced some significant changes to the business. Investors need be aware of the following fundamental changes to the company’s future operations and financial results presentations going forward. Here’s what you need to know. Big change in applicable accounting standards First, the company will…

Read More

Better Cannabis Buy: Cronos (TSX:CRON) vs. Tilray (NASDAQ:TLRY)

Cannabis investors continue to experience a steep decline in the value of their investments. However, several cannabis stocks are trading close to their 52-week lows and might gain in market value as we head into 2020. Here, we look at two stocks that have corrected significantly in the last year. The stocks are Cronos (TSX:CRON)(NASDAQ:CRON) and Tilray (NASDAQ:TLRY). Cronos went…

Read More

Sundial Growers, Inc. (NASDAQ: SNDL) Rebounds 19% After Issuing Statement on “Baseless Class Action Lawsuits”

Sundial Growers, Inc. (NASDAQ: SNDL) is a Canadian cannabis company, which is engaged in the cultivation and production of cannabis flower for medical, wellness, and recreational purposes. The company maintains a flagship production facility in Olds, Alberta and a second facility located in Rocky View, Alberta. Sundial Growers is working on construction of a third facility in Merritt, British Columbia.…

Read More

New Age Beverages Corporation (NASDAQ: NBEV) Gains 16% After Receiving Approval From Japanese Government to Launch CBD Products

New Age Beverages Corporation (NASDAQ: NBEV) is engaged as a healthy beverages company, which operates brands like: Nestea, Illy Coffee, Volvic, Evian, Tahitian Noni, Marley, Bucha Live Kombucha, TeMana, and more. Shares of the beverages company rallied 15.62%, during early trading on Tuesday, September 24, 2019. Over the past three months, New Age Beverages Corporation has seen average daily volume…

Read More

SPI Energy Co., Ltd. (NASDAQ: SPI) Surges 66% After Launching Hemp and CBD Business in Partnership with Navajo Nation

SPI Energy Co., Ltd. (NASDAQ: SPI) is engaged as a renewable energy company, which operates as a global provider of photovoltaic solutions for enterprise, residential, government, and utility customers. Shares of the green energy company soared 66.37%, during trading on Wednesday, September 18, 2019. Over the past three months, SPI Energy has seen average daily volume of 18,660 shares. However,…

Read More

3 Industries Set to Grow Rapidly Over the Next Decade

Stars Group (TSX:TSGI)(NASDAQ:TSG) made its name though online poker; however, about a year ago Stars acquired Sky Betting and Gaming — a move that has truly revolutionized its operating profile. Whereas a year ago 53% of TSG’s revenues came from online poker, through the first six months of 2019, over 35% have come from online sports betting, with the other two-thirds…

Read More

2 Underrated Pot Stocks to Buy Ahead of Cannabis 2.0

The bear came for cannabis stocks in the late spring and summer, but this has also created an opportunity for investors looking to jump into the fledgling sector. Many of the top producers still carry high valuations, but there are still mid-tier cannabis companies available that can be had for a bargain. Today, we’re going to take a snapshot of…

Read More