|Bid||4.8600 x 0|
|Ask||4.8700 x 0|
|Day's Range||4.7900 - 5.1150|
|52 Week Range||4.7900 - 16.2400|
|Beta (3Y Monthly)||2.46|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Organigram Holdings Inc (TSX:OGI)(NASDAQ:OGI) has performed better than Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) year to date.
Colorado reported $1.16 billion in marijuana sales in the first eight months of 2019. In 2018, the state reported marijuana sales of $1.54 billion.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,415.16, down 7.52 points).Aurora Cannabis Inc. (TSX:ACB). Health care. Down 10 cents, 2.02 per cent, to $4.86 on 9.2 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up 55 cents, or 5.71 per cent, to $10.19 on 8.4 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up eight cents, or 7.21 per cent, to $1.19 on 6.3 million shares.Algonquin Power & Utilities Corp. (TSX:AQN). Energy. Down 39 cents, or 2.11 per cent, to $18.06 on 5.3 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Down $1.37, or 5.75 per cent, to $22.44 on 5 million shares.Hexo Corp. (TSX:HEXO). Health care. Down 41 cents, or 10.9 per cent, to $3.35 on 4.9 million shares. Companies in the news:Tourmaline Oil Corp. (TSX:TOU). Up $1.61 or 15 per cent to $12.33. Tourmaline Oil Corp.'s creation of a hybrid royalty company to hold some of its energy assets spurred a buying rush for the company's stock on Friday, although its share prices remained well below their 52-week highs. Tourmaline announced Thursday after markets closed it will sell a royalty on its oil and gas lands in northern Alberta and B.C., along with interests in two of its 19 natural gas processing plants and other third-party revenues, to newly created Topaz Energy Corp. for $775 million in shares and cash. Topaz is to raise $150 million to $200 million via a private placement of shares with investors to fund the deal, with the result that Tourmaline will wind up with between 75 and 81 per cent of the shares and $135 million to $185 million in cash, depending on the success of the private placement.WSP Global Inc. (TSX:WSP). Up $1.32 to $77.60. WSP Global Inc. is extending its shopping spree with the purchase of Dutch consulting firm Lievense Holding B.V. — WSP's seventh acquisition this year — in an ongoing bid to overtake rival SNC-Lavalin Group Inc. The Montreal-based engineering company announced Friday it will pay an undisclosed amount for the deal through available cash and credit facilities. The 375-employee Lievense firm gives WSP a foothold in the Netherlands and tacks on between $47 million and $56 million in additional annual revenue, according to analyst estimates. WSP's 2018 net revenues were $6 billion.MTY Food Group Inc. (TSX:MTY). Down $5.50 or 8.7 per cent to $57.75. MTY Food Group Inc. shares dropped to their lowest level in months after the restaurant franchisor reported quarterly revenue and profit that came in below analyst estimates. MTY reported earlier that profit attributable to its shareholders in the third quarter was $22.9 million or 91 cents per share for the quarter ended Aug. 31. That was up from $22.1 million or 88 cents per share in its 2018 fiscal third quarter, but short of estimates. Analysts had estimated $1.02 per share of profit and $167.9 million of revenue, according to financial markets data firm Refinitiv. MTY's revenue rose to $163.6 million from $113.0 million while system sales generated by its restaurants were a record $1.08 billion, up 36 per cent from $789.9 million a year earlier. This report by The Canadian Press was first published Oct. 11, 2019.The Canadian Press
At 2:00 PM ET, the S&P; 500 and the Dow Jones were up by 1.7%. Despite the surge in the equity market, the cannabis sector showed a mixed performance today.
Cheap pot stocks like Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) will help you achieve an average of 30% returns in the next 25 years.
The cannabis sector continued its downward movement in the week that ended on October 10, with ETFs and prominent cannabis players falling.
As of Thursday, Canopy Growth has lost 10.5% of its stock value in October. As of the same day, the company has lost 25.8% of its stock value YTD.
With Canada's Cannabis 2.0 legalization approaching, Aurora Cannabis and Canopy Growth have been strategizing to benefit from this market opportunity.
(Bloomberg) -- Pot stocks crumbled to their lowest level since 2017 after Hexo Corp. became the latest cannabis company to lower earnings expectations.The Horizons Marijuana Life Sciences Index ETF fell as much as 6.9% Thursday to the lowest since November 2017 and has now lost 55% since its recent high in March. The U.S.-traded ETFMG Alternative Harvest ETF slid to a record low. The whole sector came under pressure after Hexo said its fourth-quarter and full-year revenue will be come in well below analyst expectations and withdrew its guidance for fiscal 2020. Hexo shares plunged as much as 26% to the lowest since April 2018.Hexo will report earnings on Oct. 24 and appears set to join other Canadian pot producers including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. in disappointing investors. The company blamed slower-than-expected store openings, a delay in government approval for new products like edibles and vapes, and “early signs of pricing pressure.”Tilray fell as much 12%, heading for a record low. Canopy slid 9.7%, Aurora lost 5.9% and Cronos Group Inc. fell 6.7%.To contact the reporter on this story: Kristine Owram in Toronto at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Aurora Cannabis has been investing to acquire and form strategic partnerships with hemp-related businesses. The company acquired Hempco Food and Fiber.
Aphria is scheduled to report its earnings for the first quarter of fiscal 2020 on October 15. September wasn’t a good month for the cannabis industry.
The US markets rose on optimism surrounding US-China trade talks. However, weakness in the cannabis sector led the cannabis ETFs trading in the red.
Aurora Cannabis (ACB) strengthened its footing in the medical cannabis industry by launching a new product. The stock rose 2.1% in pre-market trading today.
Cannabis 2.0 will open up a massive expansion opportunity for cannabis companies. Many cannabis players are gearing up to leverage this opportunity.
Aurora Cannabis and Aphria are down 17.14% and 5.27%, respectively, year-to-date. These performances are mostly in line with the cannabis sector downtrend.
Maine legalized recreational marijuana in 2016. It's now confirmed the state could see preferred marijuana products hitting the market by March 2020.
Despite the losses, Constellation Brands still has an optimistic outlook for Canopy Growth. The company is happy with Canopy Growth’s progress.
Marijuana stocks like Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and Fire & Flower Holdings Corp. (TSX:FAF) may grow through economic recessions, but should you buy them for portfolio protection?