|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.33|
Trulieve Cannabis Announces Partnership with SLANG WorldwideThe announcementToday, Trulieve Cannabis (TCNNF)(TRUL) announced a strategic partnership with SLANG Worldwide, a branded cannabis consumer packaged goods company, which will allow patients
MedMen Closes Two Acquisitions in ArizonaThe announcement Today, MedMen Enterprises (MMEN) (MMNFF) closed the previously announced acquisitions of Kannaboost Technology and CSI Solutions, which are together referred to as “Level Up.” The company
Planet 13 Holdings and VIVO Cannabis Fell Last WeekCannabis stocksLast week was tough for cannabis stocks. Six of the nine cannabis companies considered for our analysis delivering negative returns. Last week, the New York Times reported that the
TGOD Signs Supply Agreement with Ontario Cannabis RetailThe announcementToday, the Green Organic Dutchman (TGODF) (TGOD) announced that it had signed a cannabis supply agreement with the Ontario Cannabis Retail Corporation, which operates the
Curaleaf Is Up ~40% in 2019: Is There More Upside?(Continued from Prior Part)Current operations Curaleaf Holdings (CURA) (CURLF) is a vertically integrated cannabis company headquartered in Wakefield, Massachusetts. The company’s footprint spans
Why Cannabis Stocks Are Trading in the Red TodayCrackdown on CBD Yesterday, the New York Times reported that the Department of Health and Mental Hygiene had ordered restaurants under its jurisdiction not to sell food products containing CBD. The
Planet 13 Holdings Reports Growth in Its January TrafficThe announcement On February 5, Planet 13 Holdings (PLNHF) announced that in January, it served an average of 1,550 customers per day at its Superstore in Las Vegas compared to 1,430 customers
“We don’t begrudge CBS,” Acreage Holdings CEO Kevin Murphy told Yahoo Finance in response to the network rejecting his marijuana ad. "It was ... more of a PSA."
With the passage of the 2018 Farm Bill and the legalization of marijuana in 33 states, cannabis has jumped from the periphery to the fringes of the mainstream over the past few years. The National Football League (NFL) and the Super Bowl, are both symbols of mainstream supremacy. This year the Cannabis industry was poised to join the realm of the mainstream, as Acreage Holdings Inc. (OTC:ACRGF) (CSE:ACRG-U), a company in the cannabis cultivation, processing and dispensing business, produced a 60-second ad that was intended to be aired during the Super Bowl which showed three people suffering from varying health issues who say their lives were made better by use of medical marijuana. However, CBS and the NFL did not feel that cannabis was ready for the big time, as they both rejected the ad.
Green Organic Dutchman's Production Partner Gets Denmark LicenseThe announcementToday, The Green Organic Dutchman Holdings (TGOD)(TGODF) announced that its joint-venture production partner, Knud Jepsen, secured initial cannabis business
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking some of the cannabis companies working towards a future that unites cannabis with the NFL. Recent news has been heavily focused on CBS rejecting a Super Bowl ad and making a case for medical marijuana. Acreage Holdings Inc. (OTC:ACRGF) (CSE:ACRG-U), which is in the cannabis cultivation, processing and dispensing business, produced a 60-second ad that shows three people suffering from varying health issues who say their lives were made better by use of medical marijuana.
Green Organic Dutchman and MedMen Performed Well Last WeekCannabis sector Last week, the Horizons Emerging Marijuana Growers Index ETF (HMJR), which tracks the performance of the North American public-listed small capitalization companies that are
Why Cannabis Stocks Rose YesterdayCannabis stock prices Despite weakness in the broader equity market with the S&P 500 Index falling ~0.8% on January 28, only one of the ten cannabis companies considered for analysis was trading in the red. On
Will 2019 Be the Year of Acreage Holdings?(Continued from Prior Part)Valuation multipleFor our analysis of Acreage Holdings’ (ACRG-U) (ACRGF) valuation, we’ve considered its forward EV-to-sales (enterprise value-to-sales) multiple, as the
Will 2019 Be the Year of Acreage Holdings?(Continued from Prior Part)Acquisitions To become a single company operating across multiple states, Acreage Holdings (ACRG-U) (ACRGF) is continuing to acquire controlling positions in all the companies in
Will 2019 Be the Year of Acreage Holdings?About Acreage HoldingsAcreage Holdings (ACRG-U) (ACRGF) is a vertically integrated cannabis company that operates in multiple regions across the United States. In 2018, the company continued to acquire
Planet 13 Holdings Has Returned ~30% in January: What’s Next?(Continued from Prior Part)Current operationsAs of November 12, Planet 13 Holdings (PLTH) (PLNHF) holds two cultivation licenses with one in Clark County, Nevada, and the second one in
Planet 13 Holdings Has Returned ~30% in January: What’s Next?Stock performanceAs of January 15, Planet 13 Holdings (PLTH) (PLNHF) was trading at 1.94 Canadian dollars, which represents a rise of 30.2% since the beginning of 2019. Also, the company
CORAL GABLES, FL / ACCESSWIRE / January 15, 2019 / The way people receive health care, including how the medical field continues its integration of medical marijuana, is evolving. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Youngevity International Inc (YGYI), Acreage Holdings Inc (ACRGF), and Aphria Inc (APHA) represent 4 pot stocks that are heating up on Thursday. Premier Health Group (OTC:PHGRF) (CSE:PHGI) saw impressive gains in the month of December, as the Company's shares hit highs of 0.80 to mark a move of more than 30% over the course of the 30-day period.
Wayland to Sell 49.9% of International Business to ICCThe announcementOn the back of its previous statement that it would explore strategic alternatives for its international assets, Wayland Group (MRRCF) announced today that it signed a letter of
AGCO Announces Winners of Ontario Cannabis Retail Lottery ## The announcement On January 11, the Alcohol and Gaming Commission of Ontario (or AGCO) announced the names of the 25 winners of its retail cannabis lottery that can now apply for a license to retail cannabis products in the province of Ontario. The licenses were divided regionally. Five of the licenses were allocated to the city of Toronto, six went to the Greater Toronto area, five went to Ontario East, two went to Northern Ontario, and seven went to Western Ontario. AGCO received ~17,000 applications. Nearly 64% of the license came from sole proprietorships, and registered companies constituted only 33%. Pure Alpha Holdings, Tripsetter, CGS Foods, and the Niagara Herbalist were some of the corporations that were selected. The winners of the lottery will now have to pay $6,000 for the retail operator license and also submit a $50,000 letter of credit that is valid until December 13, 2019, within five days of the announcement of lottery results. The government wants all the winners of the lottery to start their operations on April 1. So, it has levied hefty fines on any delays. If the retailers fail to start their operations by April 1, they will be fined $12,500, and the penalties can rise to $50,000 if retailers fail to start their business by April 30. ## Stock performance Cannabis stocks have started 2019 on a strong note. YTD, Acreage Holdings (ACRGF), MedMen Enterprises (MMNFF), Planet 13 Holdings (PLNHF), and Curaleaf Holdings (CURLF) have returned 13.6%, 17.0%, 14.3%, and 26.9%, respectively. Also, the broader comparative index, the ETFMG Alternative Harvest ETF (MJ), returned 23.4% during the same period.
Cannabis Stocks Were in the Green in Second Week of 2019 ## Cannabis sector Amid strength in the broader equity market, cannabis stocks performed well last week. Between January 4 and January 11, the Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, has returned 17.5%, while the ETFMG Alternative Harvest ETF (MJ) returned 13.6%. In comparison, the S&P 500 Index rose 2.5% during the same period. ## Cannabis stocks Of the ten stocks considered for our analysis, eight stocks delivered positive returns, while the stock prices of two companies declined last week. During the period, Wayland Group (MRRCF) posted a strong performance with returns of 20.4%. Wayland Group was followed by The Green Organic Dutchman Holdings (TGODF) and Planet 13 Holdings (PLNHF) with returns of 17.9% and 10.4%, respectively. On January 8, The Green Organic Dutchman Holdings announced the appointment of Caroline MacCallum, an expert in cannabinoid-based medicine, and Jacques Dessureault, who has had an extensive pharmaceutical career, to its board. The optimism surrounding these appointments drove the company’s stock last week. On January 7, Planet 13 Holdings announced that its revenue and customer count at its Superstore in Las Vegas grew in December. The announcement appears to have contributed to the rise in its stock price. Also, during the same period, Origin Agritech (SEED), Curaleaf Holdings (CURLF), VIVO Cannabis (VVCIF), Trulieve Cannabis (TCNNF), and iAnthus Capital Holdings (ITHUF) have returned 9.8%, 5.2%, 5.2%, 4.2%, and 1.5%, respectively. However, the stock prices of MedMen Enterprises (MMNFF) and Acreage Holdings (ACRGF) fell by 4.9% and 1.9%, respectively, during the last week. On January 8, two of MedMen’s biggest investors, Brent Cox and Omar Mangalji, sued the company for “alleged breaches of fiduciary duty,” which led to a fall in the company’s stock price.
Will 2019 Be a Better Year for MedMen Enterprises? In the first quarter of fiscal 2019, which ended on September 30, MedMen Enterprises (MMEN) (MMNFF) posted revenue of $21.46 million, a rise of 1,086% from $1.81 million in the corresponding quarter of fiscal 2018. The company’s cultivation and wholesale production operations didn’t generate any material revenue during the quarter.
Will 2019 Be a Better Year for MedMen Enterprises? ## Stock performance On January 10, MedMen Enterprises (MMEN) (MMNFF) was trading at 4.24 Canadian dollars, representing a fall of 8.8% since its announcement of its fiscal 2019 first-quarter earnings results on November 29. The company is currently trading 36.3% higher than its 52-week low of 3.11 Canadian dollars and 57.1% lower than its 52-week high of 9.88 Canadian dollars. The pessimism surrounding cannabis stocks and the weakness in the broader equity market due to the Fed’s interest rate increase and concerns over the US government shutdown led MedMen’s stock price to fall to 3.64 Canadian dollars as of the end of the day on December 24. However, on December 24, MedMen announced that it had entered into a definitive agreement to combine its business and PharmaCann’s business under a new company called New MedMen. The transaction still requires approval from MedMen’s shareholders, and it also faces regulatory and legal hurdles. On completing the transaction, the new combined company will have a permit to operate 76 retail stores and 16 cultivation and production facilities. It will also have the license to operate in 12 states. These 12 states cover ~50% of the US population. Cowen Group expects the addressable cannabis market for these 12 states to reach $40 billion by 2030. The optimism surrounding the acquisition drove MedMen’s stock price. On January 8, two of MedMen’s biggest investors, Brent Cox and Omar Mangalji, sued the company for “alleged breaches of fiduciary duty,” leading its stock price to fall on January 9. ## Peer comparison From November 29 to January 10, MedMen’s peers Acreage Holdings (ACRG-U) (ACRGF), Planet 13 Holdings (PLTH) (PLNHF), and Curaleaf Holdings (CURA) (CURLF) returned 2.7%, -3.2%, and 10%, respectively. The Horizons Marijuana Life Sciences Index ETF (HMMJ), which tracks the North American Medical Marijuana Index, returned -1.0% during the same period. Next, let’s look at analysts’ revenue expectations for MedMen in 2019 and 2020. Continue to Next Part Browse this series on Market Realist: * Part 2 - Analysts Expect MedMen’s Revenue to Rise in 2019 and 2020 * Part 3 - Analysts Favor ‘Buy’ Ratings on MedMen Enterprises
CORAL GABLES, FL / ACCESSWIRE / January 11,2019 / The end of the year was a large turning point for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. As we continue into the new year and watch for the possibilities it may hold, CLS Holdings USA Inc (CLSH), Charlotte's Web Holdings Inc (CWBHF), Acreage Holdings Inc (ACRGF), and CannTrust Holdings Inc (OTC PINK: CNTTF) represent 4 companies worth looking into on Friday. CLS Holdings USA Inc (CLSH) is a diversified cannabis company operating as Cannabis Life Sciences and an integrated cannabis producer and retailer in Nevada through its Oasis Cannabis subsidiaries.