|Bid||8.15 x 0|
|Ask||8.20 x 0|
|Day's Range||7.99 - 8.33|
|52 Week Range||4.76 - 22.00|
|Beta (3Y Monthly)||3.68|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.94|
Despite Aurora Cannabis providing higher-than-expected guidance for fiscal 2019's fourth quarter early this year, its stock has fallen 25.6% this month.
CALGARY, Aug. 15, 2019 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (CSE:HITI.CN - News) (OTCQB:HITIF - News) (Frankfurt:2LY.F - News), an Alberta-based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit #310, 4602 46th Street in the city of Olds (the "Olds Store") received its first delivery of cannabis products from Alberta Gaming, Liquor and Cannabis ("AGLC") and has begun selling recreational cannabis for adult use. Inclusive of the Olds Store, High Tide currently has 17 branded Canna Cabana locations selling recreation cannabis products across Canada.
It looks like cannabis stocks had a great day. Innovative Industrial Properties (IIPR), Cronos Group (CRON), and Tilray (TLRY) are all surging today.
Generally speaking, the cannabis sector's valuations have taken a hit due to weak earnings. Recently, Aphria (APHA) posted better-than-expected earnings.
Tilray (TLRY) is set to report its second-quarter earnings after markets close tomorrow. Analysts expect its revenue to rise over 320% year-over-year.
Early on Monday, CannTrust (CTST) fell almost 26.8%. The development came after Health Canada found more areas that didn't comply with regulations.
Unless you’ve been living under a rock, you might have noticed that marijuana stocks have been all the rage lately. One of the larger cannabis players, Aphria Inc (TSX:APHA)(NYSE:APHA), recently released its earnings report. Pay attention, as the earnings report was a pleasant surprise for many investors.
Aphria Inc (TSX:APHA)(NYSE:APHA) is coming off a very impressive quarter, but it still has a long way to go from being as attractive an investment as this other cannabis stock.
After a surprise earnings beat, Aphria Inc (TSX:APHA)(NYSE:APHA) turned bullish. Other marijuana stocks soon to follow?
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During its latest earnings call, Aphria (APHA) stated that vapes and concentrates could form a major share of Canada's recreational market by 2021.
Aphria Inc. (TSX:APHA)(NYSE:APHA) is soaring on investor confidence on a resounding quarterly beat, but should investors wait to buy?