|Bid||7.35 x 0|
|Ask||7.42 x 0|
|Day's Range||7.31 - 7.70|
|52 Week Range||2.05 - 15.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.88|
A recent report highlights several key factors that make the cannabis market such an attractive demographic. Find out what it means for Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) and several others.
In the earlier part of this series, we briefly discussed how the number of cannabis-licensed producers has grown over the years, which has led to the threat of oversupply. Big companies such as Canopy Growth (CGC) (WEED) and Aurora Cannabis (ACB) (ACBFF) have access to capital and can thus push out smaller players. For example, Quebec will limit its supplier base to only six suppliers. If provinces choose fewer suppliers, it likely means they will choose big players (HMMJ) with the ability to meet a large demand, which pressures smaller players (HMJR).
CORAL GABLES, FL / ACCESSWIRE / July 19, 2018 / As Cannabis Prohibition continues to come to an end, there are many marijuana stocks catering to the retail consumer that are flourishing. There are less than 3 months left until the official launch of the sale of legal cannabis in Canada, which sets Canada as the first industrialized country in the world to allow adults to purchase recreational cannabis legally. Technology-based cannabis companies like Leafbuyer Technologies, Inc. (LBUY) are reporting continued strong sales growth.
Product development will be a key area of focus as cannabis companies plan capital investments. Two reasons behind the legalization of cannabis are the elimination of the illicit market and the consumer protection that comes from quality-controlled products. While cannabis products will be highly regulated, companies are working on and will continue to work on developing products that will entice non-users in the coming months.
In the second half of this year, much of cannabis companies’ efforts will go into organizing the logistics of the business. Companies will continue to make capital investments in capacity extension, value addition, marketing and distribution, and other areas. In the above chart, we’ve outlined four stages in the cannabis value chain.
Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) and Aurora Cannabis Inc. (TSX:ACB) won't be able to use branding or promotions soon. If that happens, how will each firm differentiate themselves from the pack?
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD.TO) (TGODF) is pleased to announce its intention to complete a spinoff transaction by way of plan of arrangement (the “Arrangement”), pursuant to which the Company will distribute a dividend consisting of a warrant (a “Warrant”) in a new corporation (“TGOD Acquisitions”) to shareholders. TGOD has met with emerging cannabis companies from around the globe and acquired a deep understanding, including proprietary knowledge, of all facets of the cannabis industry.
EDMONTON, July 18, 2018 /CNW/ - Aurora Cannabis Inc. (TSX:ACB.TO - News) (OTCQX:ACBFF - News) (Frankfurt: 21P;WKN:A1C4WM) ("Aurora" or the "Company") announces it has received shareholder approval at a special meeting, held today, for the issuance of shares in consideration for the planned acquisition of MedReleaf Corp. ("MedReleaf"), a well-known Canadian Licensed Producer based in Markham, Ontario that delivers premium medical cannabis products to domestic and global markets, and compelling brands to the adult-use recreational market. Low production costs and industry-leading yields: Aurora's automated 'Sky Class' greenhouses are expected to deliver industry-leading efficiencies and ultra-low production costs of well below $1 per gram, delivering sustainably robust margins.
Aurora Cannabis Inc. (TSX:ACB) has taken a dip after a big deal but now is not the time to turn your back on this stock.
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD, US:TGODF) is pleased to announce, in conjunction with Epican Medicinals (“Epican”), the successful opening of its first legal cannabis retail store in Jamaica, on Saturday, July 14th. This flagship location provides Epican and TGOD with immediate revenue from the sale of premium Jamaican grown organic cannabis and further exemplifies TGOD’s value-added approach to partnerships.
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) reached a big deal this week that could help drive further sales growth for the company.
Canada's main stock index closed in the red as a drop in crude prices pushed energy stocks lower, while U.S. stocks were mixed.
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New ECommerce Platform to Benefit Both Medical and Adult-Consumer Use Customers TSX: ACB EDMONTON , July 16, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) ...
Millennials on the hunt for growth should not necessarily turn their backs on Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) and other premier producers.
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TGOD.TO) (TGODF) issues the following statement following the vote by Hamilton City Council yesterday. Hamilton City Council voted to reverse the positive decision by the Planning Committee of Council on Wednesday, July 11, 2018 to pass the zoning amendment related to TGOD’s Hamilton Phase Two greenhouse expansion, representing approximately 6.5% of TGOD’s total planned 170,000 kg production. This vote was contrary to the recommendations of Hamilton City staff. TGOD has prepared an appeal application and will be filling it with the Local Planning Appeal Tribunal (LPAT) in the coming days.
Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) made a big acquisition this week, but was it a good move for the company?
Stocks such as Aphria Inc. (TSX:APH), Aurora Cannabis Inc. (TSX:ACB), and Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) have had good runs, so sell half now and let the rest run.
Aurora Cannabis Inc. (TSX:ACB) may dethrone Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) when the green rush is over.
British Columbia’s Liquor Distribution Branch released its list of 31 suppliers that are to provide cannabis to the province for non-medical use. The notable companies that signed memoranda of understanding with the Liquor Distribution Branch to supply cannabis include Canopy Growth (CGC)(WEED), Aurora Cannabis (ACB)(ACBFF), MedReleaf (MEDFF), and Aphria (APHQF). Compared to other Canadian provinces that announced their lists of suppliers, British Columbia has one of the most diversified lists (HMMJ), which should give a wide range of diversity to the province.
On July 11, Aurora Cannabis (ACB) (ACBFF) announced it had established an agreement with Evio Beauty Group to develop cosmetic products that are hemp-based and CBD-based. According to the press release, the CBD-based products will be infused with CBD (a cannabis compound), while the hemp-based products will be non-infused cosmetic products.