|Bid||15.74 x 3200|
|Ask||15.76 x 2900|
|Day's Range||15.66 - 17.12|
|52 Week Range||5.50 - 25.10|
|Beta (3Y Monthly)||4.25|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
It wasn't very difficult for Greenlane Holdings to become the best IPO ever for a U.S. marijuana stock on the Nasdaq. Here's why.
One company we've highlighted in the past CleanSpark, Inc. (CLSK) has developed power solution for the cannabis industry that can reduce energy costs by up to 82%. This represents a huge potential revenue stream for the company. Due to this fact the company has stated that marketing to cannabis companies is one of their top initiatives for 2019.
Canopy Growth will probably purchase the rights to buy Acreage Holdings to tap the growing potential of the U.S. marijuana market. This should bolster the ETF MJ.
NEW YORK, April 18, 2019 /CNW/ -- The tremendous growth of the cannabis market is causing the marketspace to become an emerging global industry. Under international regulations, cannabis is one of the most heavily enforced drugs, primarily due to the psychoactive effects of marijuana. The marijuana plant is comprised primarily of THC, which causes the psychoactive effects.
Altria Group Inc., the U.S. tobacco leader and maker of Marlboro cigarettes, announced in December that it was buying 45 percent of Cronos Group Inc., one of Canada’s growing number of cannabis producers and among the industry’s high-flying stocks. The $1.8 billion transaction left us wondering: How did Altria determine that price? Recreational pot had only just become legal in Canada two months earlier. Altria, a $105 billion market-cap company that rarely does splashy deals, placed immense value on a barely existent business in a nascent market.
Marijuana stocks have been a volatile but largely outperforming group in 2019. But an analyst warns that while some companies are living up to the hype, others have risen too far, too fast.
One industry that is often overlooked but could play a huge role in the cannabis industry is energy. The U.S. cannabis industry is currently eating up more than 1% of all electricity each year. The need to reduce greenhouse emissions created by the weed industry, as well as lower electric load and expenditures, makes the energy sector a clear beneficiary of a budding cannabis industry.
DENVER, April 17, 2019 /CNW/ -- Ever since the Farm Bill was signed into law, farmers across the United States have rushed into hemp cultivation, driving demand for the supplies needed to grow the crop necessary to meet surging CBD use. Global hemp industry to reach $22 billion in 2022. Hemp is booming across the country, and nowhere more so than in Kentucky, where the applications to grow hemp are expected to increase fivefold, and acreage dedicated to growing the crop is set to more than triple this year.
Could the reasons behind Aphria's dismal Q3 results bite Aurora Cannabis, Canopy Growth, and others in their next quarterly updates?
NEW YORK, April 15, 2019 /CNW/ -- Canada moved to legalize cannabis entirely in late 2018, however, cannabis-based companies remain more attracted to the U.S. market. Despite not having legalized cannabis entirely, the U.S. market is one of the most attractive marketplaces for cannabis companies and investors. Many of these Canadian-based cannabis companies are beginning to establish operations in the U.S., particularly in large markets such as California, Colorado, and Nevada.
Dorothy might say there's no place like home. But for Aurora, there's no place like away from home.
DENVER, April 11, 2019 /CNW/ -- The CBD market is experiencing explosive growth as a result of growing mainstream acceptance and strong leadership. The North American CBD market, worth more than $9 billion in 2017, is projected to be worth $47 billion by 2027. Growth is possible partly through mainstream acceptance, with pressure on a variety of institutions to accept medical CBD.
HENDERSON, NV / ACCESSWIRE / April 10, 2019 / Several Canada-based marijuana growers could be impacted by a build-up of un-sellable "sub-par quality" cannabis, as well as a slower rollout of ...
Cronos Group stock sports strong gains so far in 2019. One director at the company has reduced his investment in the marijuana stock.