9.15 +0.29 (3.27%)
Pre-Market: 7:51AM EDT
|Bid||9.11 x 3200|
|Ask||0.00 x 2900|
|Day's Range||8.33 - 10.55|
|52 Week Range||6.50 - 25.10|
|Beta (3Y Monthly)||3.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Despite vaping concerns, Aurora Cannabis plans to introduce vape products in December. Reports of vaping-related illnesses started in late August.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,426.30, down 0.88 of a point).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 37 cents, 7.81 per cent, to $5.11 on 8.8 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.13, or 11.33 per cent, to $11.10 on 6.2 million shares.Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.42 per cent, to $5.55 on 5.1 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down seven cents, or 4.19 per cent, to $1.60 on 4.8 million shares.Cronos Group Inc. (TSX:CRON). Health care. Up 57 cents, or 5.17 per cent, to $11.60 on 4.3 million shares.OceanaGold Corp. (TSX:OGC). Materials. Up nine cents, or 2.92 per cent, to $3.17 on 4 million shares. Companies in the news:Nutrien Ltd. (TSX:NTR). Down 71 cents to $64.53. Australian mining giant BHP Group Ltd. says it hopes to make a final investment decision on a massive potash project in Saskatchewan in early 2021\. The company says its board of directors will be asked to decide the fate of the long-delayed Jansen project about 140 kilometres east of Saskatoon in February 2021. Prices for potash, a light coloured mineral used as a crop fertilizer, have plunged due to a global oversupply, leading to layoffs and mine production interruptions in Canada. Last month, Canadian fertilizer company Nutrien Ltd. announced eight-week inventory shutdowns at three of its potash mines in Saskatchewan, potentially affecting up to 700 workers.Barrick Gold Corp. (TSX:ABX). Up 11 cents to $22.49. Barrick Gold Corp. says its full-year production is trending towards the upper end of its guidance for 5.1 million to 5.6 million ounces. The gold miner says preliminary third quarter sales amounted to 1.32 million ounces of gold and 64 million pounds of copper, while preliminary production figures for the quarter totalled 1.31 million ounces of gold and 111 million pounds of copper. Barrick also said costs are likely to be at the lower end of its forecast. In August, Barrick had forecast gold cash costs of $650 to $700 an ounce for 2019 and all-in sustaining costs of $870 to $920 an ounce.Hexo Corp. (TSX:HEXO). Up 56 cents or 17.23 per cent to $3.81. The joint venture between beer giant Molson Coors and pot producer Hexo Corp. says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC. The announcement by Truss Beverage Co. comes one week after its competitor Fluent Beverage Co. — a joint venture between the world's largest brewer Anheuser-Busch InBev and B.C. pot company Tilray Inc. — said it was launching CBD drinks as early as December, but it was not yet able to develop a formulation for THC. Truss chief executive Brett Vye said it has developed a beverage containing tetrahydrocannabinol (THC), the compound in cannabis that produces a high, and it aims to launch various drinks containing the active ingredient by December. This report by The Canadian Press was first published Oct. 17, 2019.The Canadian Press
Cronos Group (CRON) stock rose 33% with a heavy volume in after-hours trading on Wednesday. Marijuana stocks are on a rollercoaster ride.
Yesterday, Cresco Labs (CRLBF) (CL) announced it had received licenses for its five Illinois medical cannabis dispensaries to sell adult-use cannabis.
On Wednesday, Aurora Cannabis gave a preview of its Cannabis 2.0 strategy. The company provided plans for the roll-out of edibles, concentrates, and vapes.
Aphria (APHA) reported impressive results for the first quarter of fiscal 2020 on Tuesday. The stock has gained 9.6% since its earnings.
Chinese Aircraft Carrier Factory Revealed This will probably annoy the Trump Administration. Reuters reports exclusively that high-resolution satellite images show that China is progressing in the construction of a full sized aircraft carrier and should be the first of several large vessels produced. The site is called the Jinagnan shipyard and the images were taken […]The post Market Morning: Chinese Aircraft Carriers, DUP Sours on Brexit Deal, Big Opioid Settlement appeared first on Market Exclusive.
Hexo launched Original Stash, a value cannabis brand. Hexo's CEO stated that the company intends to educate consumers and "disrupt the illicit market."
Aurora Cannabis (ACB) stock is currently down 29.23% on the NYSE on a YTD (year-to-date) basis. The company has lost 14.81% of its value since October 1.
Aphria (APHA), a Canada-based global cannabis company, will report its results for the first quarter of fiscal 2020 today after the market opens.
Cannabis stocks see dark clouds looming. The week ending on October 11 was disastrous for the sector. Hexo stock fell after it withdrew its fiscal 2020 outlook.