Thursday, July 18, 2019
And the stocks that could win the most from these key developments. Full article: 3 Critical Things to Watch With Marijuana Stocks in 2019 thumbnail courtesy of finance.yahoo.com
In October, I mentioned Cornerstone Investments' warning about Pyxus and presented an optimal collar hedge for Pyxus bulls who wanted to limit their risk. Kudos to Cornerstone: Pyxus is down two-thirds since then. Here, I show how the October hedge ameliorated the decline, and I discuss some considerations for...
Source: SeekingAlpha.com Summary Best performers are Cronos (+13.6%) and Auxly (+5.8%); Worst performers are Terra Tech (-50.9%) and Planet 13 (-45.8%). Cronos benefited from Altria's $1.8 billion investment; we struggle to identify Auxly's catalyst and believe it was a temporary rebound. Terra Tech dropped 42% in two days after a lawsuit and Golden...
Source: SmallCapPower The Canadian cannabis stocks on our list have been top marijuana sector performers year to date SmallCapPower | December 27, 2018: 2018 marks a historic year for the cannabis industry, with Canada becoming the first G7 nation to federally legalize marijuana for recreational use. The year began strong for...
Source: Motley Fool This green industry could have investors seeing red next year. Sean Williams (TMFUltraLong) Dec 19, 2018 at 8:21AM This has been a year to remember for the cannabis industry. In October, Canada became the first industrialized country in the world to legalize recreational marijuana, paving the way for billions of dollars...
From SeekingAlpha: Summary Market vastly underestimating long-term potential of Aurora Cannabis. Market yawns at huge deal for Farmacias Magistrales S.A., as it did with ICC Labs - the market is wrong. "Not for sale" - will command much higher price in any future partnership or outside investment. Aurora Cannabis (ACB) continues...
Source: BNNBloomberg Aurora strikes Mexico deal with Farmacias Magistrales Only three days after it announced a supply deal with Mexico’s Farmacias Magistrales, Aurora Cannabis decided to just buy the company outright. Aurora’s all-stock deal for Farmacias Magistrales gives the Canadian company a first-mover advantage in the world’s biggest market for legal...
Marlboro cigarette maker Altria Group Inc is in early talks to acquire Canadian cannabis producer Cronos Group Inc, as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Cronos has not agreed to any deal and there is no certainty it will...
BNNBloomberg.com The companies that will dominate the global cannabis industry are going to emerge within the next two years amid a flurry of mergers and acquisitions, according to the head of an Aurora Cannabis Inc. unit. “I’m convinced that only big companies are going to be able to survive and create...
Investors are pumping more money into shorting pot stocks, despite the fact that doing so has resulted in estimated year-to-date losses of US$892 million, according to a U.S. firm that specializes in short-selling research. Ihor Dusaniwsky, managing director for predictive analytics at S3 Partners, says his data show investors have...