E-cigarettes are currently roiled in controversy, albeit sales growth remains positive. Looking back, it’s amazing how quickly this industry emerged. In 2013, the global vaping market was worth just $4 billion. This year, it’s expected to approach $20 billion, which represents 500% growth in just six years. By 2023, Euromonitor International expects the market size to surpass $45 billion. Given…
Read More
Shares of Canada’s leading cannabis company Canopy Growth (TSX:WEED)(NYSE:CGC) fell 14.5% yesterday after it announced fiscal second quarter of 2020 (year ending in March) results. In the September quarter, Canopy Growth reported sales of $76.6 million, a year-over-year growth of 228% compared to sales of $23.33 million in the prior-year period. The company’s earnings per share improved from -$1.52 to…
Read More
Leading marijuana growth stock Canopy Growth (TSX:WEED)(NYSE:CGC) released its anticipated fiscal second quarter 2020 results early on Thursday. In the midst of the largely bad news report were some small grains of hope-inducing numbers. Second-quarter gross revenue had grown 6% sequentially quarter over quarter to a respectable $118.3 million, but there were some necessary charges to the revenue line of…
Read More
Leading marijuana producer Aurora Cannabis (TSX:ACB)(NYSE:ACB) is set to release its fiscal first quarter 2020 results for the period ended September 30 after market close on November 14. Management has strictly refrained from giving any prior earnings guidance this time, which is understandable after some recent humiliation where both revenue and adjusted earnings before interest, tax, depreciation, and amortization (EBITDA)…
Read More
The cannabis market is set for massive growth. You probably already know that, yet the numbers are worth repeating. Over the next decade, global sales are expected to grow by more than 20% per year. By 2030, some analysts believe the market will be worth $100 billion. Research firms like Stifel Financial think it can ultimately reach $200 billion in annual…
Read More
This past January, Canopy Growth’s (TSX:WEED)(NYSE:CGC) biggest investor, Constellation Brands, said that they expected the company to reach $1 billion in revenue no later than 2020. Citing the company’s fast revenue growth, they believed it was only a matter of time before the company hit the billion-dollar sales club. However, after posting a series of disappointing quarterly reports, Canopy’s sales forecast has…
Read More
Cannabis stocks had an incredible 2018, but this year, the market has turned sour. Most notable marijuana ETFs have fallen in value by more than 50%. Several companies are scrambling for cash to survive. Even well-capitalized firms are experiencing renewed scrutiny into their business strategies and long-term promise. For all the hype cannabis stocks received last year, 2019 has been…
Read More
Similar to nearly every other weed stock, Aurora Cannabis (TSX:ACB)(NYSE:ACB) has plummeted this year. The company has shed nearly two-thirds of its market value and is now trading at a two-year low. The reason for this is clear: the first full year of legal marijuana sales in Canada haven’t worked out as anyone expected. The new producers haven’t displaced the…
Read More
Cannabis grower and retail giant Aphria (TSX:APHA)(NYSE:APHA) is set to release its first quarterly results for fiscal year 2020 on October 15 to an investor community that has been startled by a gloomy growth outlook from HEXO that triggered massive losses on industry stocks on Thursday. Could this earnings report alleviate pot market growth fears or worsen them? Aphria’s upcoming…
Read More
Cannabis stocks have been under the spotlight this year as poor earnings numbers have weighed heavily on the industry. Canopy Growth Corp (TSX:WEED(NYSE:CGC) is a great example of a company that’s seen a big correction in recent months and could be in danger of falling further if it continues to underperform. Below, I’ll look at what are three of the most…
Read More