The pullback in the share prices of cannabis stocks has investors who missed the big rallies in the past year wondering if this is finally the right moment to start buying small positions in some of the top pot stocks in the sector. Let’s take a look at Canopy Growth (TSX:WEED)(NYSE:CGC) to see if it deserves to be on your…
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Aphria (TSX:APHA)(NYSE:APHA) just knocked it out of the park again. Yesterday, the company released its Q1 earnings, which showed an 848% year-over-year revenue-growth rate along with positive net and operating income. This isn’t the first time a large cannabis producer posted huge growth and profits in the same quarter. However, it’s the first time that any of the “big three”…
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This morning, the European Union and the United Kingdom announced that they have reached a deal on the U.K.’s exit from the European Union. Recession fears are subdued, but we aren’t completely out of the woods yet. Markets have been volatile, if not for the U.S. trade war with China, due to uncertainty over how the U.K.’s exit from the…
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DALLAS, Oct. 17, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Kali-Extracts, Inc. (Kali, Inc. dba/Kali-Extracts, Inc.) (USOTC: KALY) (“KALY”) today published photos on the company’s website from its first historic hemp harvest since the Federal legalization of hemp cultivation in the United States. KALY has already begun harvesting its first hemp crop in the state of New York…
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Aphria Inc. (TSX:APHA)(NYSE:APHA) stock is down 8.5% today, as investors probably continue to pour over the company’s second=quarter results that were released yesterday. At first glance, the quarterly result seemed to have offered cannabis stocks and cannabis investors a ray of sunshine and a ray of hope from the company’s results, which showed another quarter of positive earnings. So why…
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Shares of leading cannabis company Aphria (TSX:APHA)(NYSE:APHA) gained over 15% yesterday after its fiscal first quarter of 2020 (ended in August) results were released. Aphria reported sales of $126.1 million with adjusted earnings per share (EPS) of $0.07. Analysts estimated the firm to post revenue of $132.2 million with EPS of -$0.02. Though Aphria revenue missed estimates, it crushed the…
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CannTrust Holdings (TSX:TRST)(NYSE:CTST) shrouded the cannabis industry in scandal after authorities found secret grow rooms and unauthorized inventory in CannTrust facilities. Illegal marijuana producers use similar tactics to distribute the product in the black market. The news brought the stock down from its 52-week high of $15.50 to the current price of $1.20. Legalizing an entire industry presents many challenges,…
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It isn’t easy taking a contrarian stance on an industry that’s been at the centre of the investment community’s attention for the past few years. However, I believe all investors should play devil’s advocate to seek out the best opportunities. And Canada’s legal pot sector seems to be screaming out for advocacy at the moment. A wave of legal issues,…
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DALLAS, Oct. 15, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE – North American Cannabis Holdings, Inc. (USOTC: USMJ) (“USMJ”) today announced reporting $1,059,471 in revenue for its fiscal year end June 30, 2019 compared to $858,175 for the previous year end. The revenue for USMJ increased 23% from 2018 to 2019. USMJ also reported $96,220 in net profit for…
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Outperforming. Turbulent. Oversold. Tumultuous. These are just a few of the words used recently to describe Aphria (TSX:APHA)(NYSE:APHA), one of the best-looking cannabis stocks in an increasingly embattled space. Investors favour it for its momentum and the fact that it’s on track for sustained profitability. After its quarterly earnings beat back in August, it was easy to see the bulls’…
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