|Bid||9.41 x 0|
|Ask||9.42 x 0|
|Day's Range||9.03 - 9.50|
|52 Week Range||3.98 - 9.70|
|Beta (3Y Monthly)||4.40|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.06|
Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,577.28, down 35.53 points).Prometic Life Sciences. Inc. (TSX:PLI). Health care. Up one cent, or 20 per cent, to six cents on 8.1 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up 19 cents, or 6.79 per cent, to $2.99 on 7.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 29 cents, or 2.41 per cent, to $12.32 on 7.1 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up 41 cents, or 7.48 per cent, to $5.89 on 6.7 million shares.Encana Corp. (TSX:ECA). Up 28 cents, or 2.89 per cent, to $9.98 on 6.2 million shares.Hexo Corp. (TSX:HEXO). Health care. Up 42 cents, or 4.67 per cent, to $9.41 on 5.2 million shares.Companies reporting:Guyana Goldfields Inc. (TSX:GUY). Unchanged at 92 cents. A group of dissident investors says they're prepared to begin a court proceeding to recoup damages if Guyana Goldfields Inc. doesn't initiate legal action against chief executive Scott Caldwell by Wednesday. The dissident group's letter says it has previously asked the board to "fully investigate" allegations of misconduct that were communicated to the current directors last year and as recently as March 22. The group is led by Guyana Goldfields founder Patrick Sheridan, who was ousted as the Toronto-based company's executive chairman last year. CannTrust Holdings Inc. (TSX:TRST). Up 10 cents to $9.52. CannTrust Holdings Inc. says the company's net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn't finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent from $7.8 million in last year's first quarter. CannTrust says it harvested 9,424 kilograms of cannabis from its Niagara operations, up 96 per cent from the fourth quarter and that pricing for dry cannabis and oils was stable. The Canadian Press
Cannabis Stocks Off to a Positive Start on MondayOff to a positive start The overall cannabis sector was off to a positive start on the first trading day of this week. The ETFMG Alternative Harvest ETF (MJ) gained nearly 1.2% while the Horizons
How Wall Street Views HEXO in April(Continued from Prior Part)Valuations Cannabis stocks have experienced a steep sell-off in April. Aphria (APHA), Cronos Group (CRON), and Tilray (TLRY) have lost about 18%, 15%, and 25%, respectively, during the
How Wall Street Views HEXO in AprilHEXOLast week, HEXO (HEXO) was among only a few stocks in the cannabis sector that managed to end in the positive territory with a weekly gain of about 7.4%. The stock has held up pretty well compared to peers
Aphria Had a Tough Week after Earnings(Continued from Prior Part)Stocks fell Most of the stocks in the cannabis sector experienced a weekly decline. Last week didn’t lift the sentiment. There has been a weaker trend for players in the cannabis
PALM BEACH, Florida, April 18, 2019 /CNW/ -- It's a marriage made in heaven in POT heaven that is. In both the U.S. and Canada, the consumer demand for cannabis products continues its steady growth but one obstacle could be the unmet need for more dispensaries. The consumer demand for cannabis products exceeded even the most optimistic projections there are just not enough retail dispensaries (with sufficient supplies also but that is for another time) and Mall owners have too many stores without a tenant so, Dispensaries and Mall owners are entering into a hopefully long and mutually rewarding relationship! An industry publication recently said that, in both Canada and the U.S. "The future is very bright for property owners in North America as cannabis companies are on the hunt for cannabis retail locations." The article said that, "Cannabis retailers aren't very widespread in Canada as most provincial governments are slow to roll out the licenses needed to open the stores.
Canopy Growth Trades Higher on Talks with Acreage HoldingsCanopy Growth Canopy Growth (CGC) (WEED) has become the face of the cannabis industry as more and more analysts and investors take the sector more seriously. Just yesterday, Bank of America
CGC, HEXO, CTST Moving Higher TodayCannabis sector gains Today, the Horizons Marijuana Life Sciences ETF (HMMJ) gained about 0.3% and the ETFMG Alternative Harvest ETF (MJ) gained about 0.3% in the first half of the trading session. However, the
Irwin Simon Says Aphria Will Hit 1 Billion in Sales by 2020(Continued from Prior Part)Analyst ratings The consensus analyst rating on Aphria (APHA) after its earnings were released remained unchanged compared to the previous month. As the chart
TLRY, CGC, ACB Snap Out of Their Losing Streaks(Continued from Prior Part)Aphria trading higher Aphria (APHA) lost about 14% in yesterday’s trading session after it reported its earnings. The company wrote off 50 million Canadian dollars relating
Despite being referred to as an acquisition target, Hexo Corp (TSX:HEXO) now offers a compelling list of reasons why the stock is a great long-term holding.
Aphria Declines, Other Cannabis Stocks Follow(Continued from Prior Part)Sector declinesAround mid-day, most of the cannabis stocks fell after Aphria (APHA) reported disappointing earnings. The ETF Horizons Marijuana Life Sciences ETF (HMMJ)
Aphria Reported Its Q3 Earnings, Stock FellAphria’s earnings Early on April 15, Aphria (APHA) reported its third-quarter financial results. The company reported revenues of 73.6 million Canadian dollars, which grew ~617% year-over-year and ~240%
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.
Cannabis Sector Was Disappointing Last Week(Continued from Prior Part)Sectoral weakness Last week, Cronos Group (CRON) ended in the negative territory. Cronos Group had a weekly decline of 7.4%, which was in line with the broader sectoral weakness.
CGC, CRON, and GTBIF Reverse Their Falling Streaks on April 12(Continued from Prior Part)Breaking the losing streak Cannabis stocks have recently experienced weakness amid concerns surrounding a global slowdown and companies missing their earnings
HOUSTON, TX / ACCESSWIRE / April 12, 2019 / The U.S. FDA could provide a substantial boost to cannabis stocks in coming weeks. On May 31, 2019, the government agency will hold its first public hearing on legalizing CBD in food and drinks, to figure out how to regulate such products. Any positive outcome is likely to be a big catalyst for related stocks, including Blissco Cannabis Corp. (CSE: BLIS)(OTCQB: HSTRF), Tilray Inc. (NASDAQ: TLRY), and HEXO Corporation (NYSE: HEXO)(TO: HEXO).
NEW YORK, April 12, 2019 /CNW/ -- Canadian cannabis companies have recently begun launching operations within the U.S. due to the attractive growth opportunity the country presents. Furthermore, as they expand operations around the country, cannabis-based companies are also looking to list either on the New York Stock Exchange or the Nasdaq Exchange, the two largest exchanges in the world. As legalization efforts continue to ramp up, more and more companies are listing or uplisting onto these major exchanges.
TLRY, CGC, CRON, and CTST Continue to Slide on April 11(Continued from Prior Part)Cannabis stocks fall Cannabis stocks continued to fall on April 11, with major companies Canopy Growth (WEED), Tilray (TLRY), and Aurora Cannabis (ACB) among the top
PALM BEACH, Florida, April 11, 2019 /CNW/ -- Since the 1960's, all eyes have been on California (Berkley, San Francisco, etc.) when it comes to marijuana. In fashion, films, societal changes and legalized pot… California has always seemed to be in the lead. In California, cannabis is not only legal, but you can also have it delivered to your home. And the company that did most of those deliveries issued a report based on data they collected from 450,000 buyers and about 4,000 survey respondents. The delivery company's name is Eaze and here is what their report said: "2018 was a monumental year for the cannabis industry.
Hexo Corp (TSX:HEXO) has been doing very well to start the year and there's still a lot of potential for the stock to climb even further.
Do Cannabis Stocks Look Cheap at These Valuations?(Continued from Prior Part)EV-to-EBITDA To see whether the cannabis sector looks cheap or expensive as of April 9, we’ll look at the forward EV-to-EBITDA (enterprise value-to-earnings before
Do Cannabis Stocks Look Cheap at These Valuations?(Continued from Prior Part)Comparing valuation multiples As of April 9, the median forward EV-to-sales multiple of our select group of 12 cannabis players was about 6.2x. The popular cannabis stocks