Despite medical marijuana sales rising 18% year over year, Aurora suffered a steep decline in recreational cannabis sales — which were down 48% year over year. Similarly, the company managed to dramatically lower the rate at which it lost money in Q2 2022 — with net losses falling 75% in comparison to Q2 2021, to […]
This amounted to a loss of $0.28 per diluted share for the quarter, beating estimates. But now, investors are looking at a bit of risk once more with so many stocks on sale. Cannabis stocks could be one of the areas where investors move their focus, with the potential for huge returns at such low […]
The cannabis sector hasn’t been a favorite among investors in recent months, but marijuana company Canopy Growth were up 13.5% and 9.6%, respectively. While Canopy CEO David Klein said the company was “beginning to stabilize our Canadian business,” it was its vape and drinks businesses that helped in this quarter. Canopy said its global cannabis […]
The cannabis sector in Canada has a positive impact on the country’s economy, despite the underperformance of weed stocks on the TSX. Likewise, the industry contributed 151,000 jobs to the labour market since the legalization of recreational marijuana in 2018. Industry consultancy firm New Frontier Data estimates the market could surpass US$50 billion by 2025, […]
But should investors expect that to change in Q2, and could Aurora deliver a surprise profit? If that happens, that could give its share price a much-needed boost. When Aurora last released its quarterly results in November 2021, its adjusted earnings before interest, taxes, depreciation and amortization loss was 12.1 million Canadian dollars for the […]
The cannabis industry performed horribly in 2021. Still, the pot market in North America will expand at a compound annual growth rate of 16.6% through 2028, according to some estimates. Harvest Health and Recreation, based in Arizona, does business primarily in the West and Northeast of the country. In the third quarter, its revenue jumped […]
Investors largely shunned them as they were battered by numerous challenges, including market saturation and the consumer taste for lower-margin product, not to mention a resurgent coronavirus pandemic. So there are a comparatively high number of producers and retailers serving a market that’s quite limited, at the end of the day. Meanwhile, since marijuana is […]
The Canadian marijuana company closed at $4.46 a share on Friday of last week, opened at $4.37 on Monday, and dropped to as low as $3.79, its 52-week low, by Thursday afternoon. The NASDAQ is down 4.4% for the week, and marijuana stocks are also down significantly, with the Advisor Shares Pure Cannabis ETF falling […]
legal marijuana sales are expected to make up more than half of this total at nearly $100 billion per year by the end of the decade, according to the marijuana research firm Research and Markets. and European Union, overly aggressive expansion plans by the industry’s biggest names, never-ending capital raises at shareholders’ expense, white-hot levels […]
Marijuana legalization, if you recall, was a centerpiece of the Biden-Harris campaign platform in late 2020. “58% of respondents,” reports MM, say “the president will make little to no progress on marijuana decriminalization” in 2022 — an even higher number than agreed he did little or nothing in 2021. This is all especially depressing for […]
Ed Perlmutter went on Colorado Public Radio to declare his intention to get the marijuana banking bill — the Secure and Fair Enforcement Banking Act — passed in the House for a sixth consecutive time, and get it passed once and for all in the Senate. Democrats control the House, Senate and White House and […]
Despite being strong companies, some of these cannabis companies’ shares suffered from the recent industry sell-off. This acquisition extended its national presence to 15 states, with a total of 73 retail stores open nationwide. The company took good advantage of its home state, a new cannabis market that legalized recreational marijuana in 2020. Massachusetts-based Curaleaf Holdings […]
At writing, the S&P/TSX Composite Index is on an upward trajectory, but it is still down by over 2% from its latest all-time high on November 12, 2021. Market volatility can cause significant problems for investors who want to secure growth stocks in their portfolios. The need to dispose of waste is crucial across all sectors […]
It was a wild year in the market as investors juggled ongoing pandemic recovery, inflation, monetary policy, high valuations, and geopolitical issues. The company’s revenue is up 65% over the first nine months of its fiscal year, and operating income has climbed 130%. In a year where runaway valuations made headlines for tech stocks, Alphabet […]
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Whether you started listening to this show in the past month, the past year, or you’ve been one of the dozens since we started this show in 2011, I really think you’re going to like what’s coming in January. If we’re not already following Motley Fool Money on whatever podcast platform you use, please do […]
Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. Sony and Disney teamed up to produce the much-anticipated Spider-Man: No Way Home and stayed focused on simply telling a good story centered on one […]
The year is almost over, and that means Wall Street strategists are revealing their top stock market predictions for the new year. It wasn’t unusual to see the S&P 500 move more than 5% in a single day around that time, uncharacteristic for the large-cap index that most of the time doesn’t go up or down more than 1% […]
The stock market wasn’t able to get past its recent turbulence to start the new week on Monday, and investors saw another sizable pullback in major market benchmarks. Below, we’ll provide what for many investors will be an introduction to Fortuna Silver Mines , and explain why their shares are moving higher Monday. Unfortunately, silver […]
After a record-breaking year, the stock market has had a bumpy few weeks. Bureau of Labor Statistics, the Consumer Price Index is up 6.8% year over year, its highest since 1982. In response, the Federal Reserve is aggressively dialing back its bond buying program, which was intended to bolster the economy during the early stages […]