Sino United Signed a Share Exchange Agreement to Acquire 20% of iDrink Technology Co. Ltd.

SUIC SINO UNITED WORLDWIDE

NEW YORK, NY, Aug. 15, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Sino United Worldwide Consolidated Ltd. (OTC: SUIC), a New York based fintech firm, and iDrink Technology Co. Ltd., Taiwan (iDrink) signed a Share Exchange Agreement (SEA) to work together on the distribution of iDrink Smart IoT Vending Machine in the international market.  Upon closing of the SEA, SUIC…

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Aurora Cannabis (TSX:ACB) Revenues Disrupt Cannabis Stocks

Mark your calendars. Aurora Cannabis (TSX:ACB)(NYSE:ACB) will release official fourth-quarter earnings on September 15. The stock should bounce when the company announces record revenues. On Tuesday, Aurora released preliminary estimates of quarterly net revenue above $100 million for the fourth quarter ended June 30. Fiscal year revenue estimates total over $250 million — a substantial increase from 2018. Aurora tracks…

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Aurora Cannabis (TSX:ACB): 5 Must-Know Takeaways From Latest Earnings Guidance

Aurora Cannabis (TSX:ACB)(NYSE:ACB) is developing a culture of unparalleled transparency and market openness that is very welcome, commendable, and exemplary for the nascent cannabis industry. Management’s latest (and second such) earnings guidance for the recently closed June quarter and fiscal year 2019 gives testimony to that, and the numbers are just beautiful. Here’s what you need to know about the…

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3 Things You Didn’t Know About Aphria’s (TSX:APHA) Latest Earnings

The strong rebound in Aphria (TSX:APHA)(NYSE:APHA) earnings from a $108 million quarterly loss in February 2019 to a $15.8 million net profit in May after a nearly 75% sequential jump in revenue and some margin expansions was a big surprise to the market to justify a 40% one-day jump in the stock price. A massive revenue growth, an unexpected swing…

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Could This Canopy Growth (TSX:WEED) Spin-Off Be a Great Buy?

Canopy Growth is the largest marijuana company in the world by market cap. The firm dominates the Canadian market and racks up revenues that outperform that of any of its peers. Canopy Growth may be one of the better investment options for those looking to profit from the marijuana craze, but one of the firm’s subsidiaries, namely Canopy Rivers (TSXV:RIV),…

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3 Public Cannabis Companies with Operations In Illinois

On May 31, 2019, Illinois lawmakers voted to officially legalize recreational cannabis in the state. The move makes Illinois the eleventh U.S. state to have legalized recreational marijuana for adult-use. Illinois Governor J.B. Pritzker took office in January 2019, after winning the election on a pro-legalization stance and making the issue a key campaign promise. The bill awaits a final…

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Watch This as Aurora Cannabis (TSX:ACB) Targets Positive Earnings This Quarter

Last month, Aurora Cannabis (TSX:ACB)(NYSE:ACB) management reiterated its guidance for a positive EBITDA beginning this current quarter ending June 30. Such an achievement could be a huge confidence booster to the marijuana investing public, which has placed astronomical valuation multiples on the growth stock. Could this noble target be achievable this quarter? There are a lot of moving parts that…

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3 Reasons Aurora Cannabis (TSX:ACB) Q3 Results Weren’t All That Impressive

Aurora Cannabis Inc  (TSX:ACB)(NYSE:ACB) hit $65 million in net revenue in its most recent quarter. It was quadruple the $16 million in sales that the company did a year ago, but that doesn’t tell the whole story. Here are my three takeaways from the company’s Q3 results. Sales were up, but still not where they were supposed to be Investors…

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Why Did Cronos Group (TSX:CRON) Stock Trade 9% Lower After Q1 Earnings on Thursday?

Cannabis producer Cronos Group (TSX:CRON)(NASDAQ:CRON) shares traded as low as 9.6% on Thursday after the cash-rich company released a mixed bag of Q1 2019 results before market open. The company actually showed some improvements in its financial performance as compared to a previous quarter, but revenue growth, the market’s main focus today, was much weaker than desirable. Not-so-impressive revenue growth…

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Meet the Canopy Growth (TSX:WEED) of Finance Stocks

Canopy Growth Corp  (TSX:WEED)(NYSE:CGC) is a giant in the cannabis space. As the largest cannabis producer by revenue and market cap, it’s by far the dominant player in its industry. Canopy’s low-cost production, large-scale grow space and strong retail presence have positioned it to remain #1 in its industry for the foreseeable future. These factors alone are enough to make…

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