|Bid||17.96 x 0|
|Ask||18.12 x 0|
|Day's Range||17.74 - 18.45|
|52 Week Range||13.43 - 27.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||0.94%|
Analysts' Rating Updates for CRON, APHA, and CNTTF in January(Continued from Prior Part)Cronos’s ratings Cronos Group (CRON) has become a fundamentally stronger company after it was partly acquired by Altria on December 7. Just last week, on
CRON, CGC, TLRY: Rounding Up Cannabis Stocks TodayRounding up cannabis stocksAs of noon Eastern Time today, the Horizons Marijuana Life Sciences Index ETF (HMMJ) and ETFMG Alternative Harvest ETF (MJ) were trading 44 and 89 basis points lower,
Cannabis Players' Valuations: Which Stocks Look Cheap in January?(Continued from Prior Part)Comparing with the median If we compare them to the industry median (HMMJ), the EV-to-EBITDA (enterprise value-to-EBITDA) multiples of the five other
Tilray Acquires Natura Natural Holdings to Expand Its CapacityAnother acquisition On January 22, Tilray (TLRY) entered into a definitive agreement to acquire Natura Natural Holdings to expand its production capacity. The acquisition will provide
Mid-Day Cannabis Update: APHA, CGC, TLRY, and OthersHow are cannabis stocks doing? On January 22, the cannabis sector had a mixed start. Some major cannabis companies rose, while other companies fell around mid-day. The Horizons Marijuana Life
Cannabis Players' Valuations: Which Stocks Look Cheap in January?(Continued from Prior Part)The remaining five cannabis stocks In the previous article, we discussed the EV-to-sales (enterprise value-to-sales) multiples of four cannabis stocks and
Cannabis Players' Valuations: Which Stocks Look Cheap in January?(Continued from Prior Part)EV-to-salesIn continuation of our efforts to find out which cannabis stocks look the cheapest in January, let’s take a look at the industry average
Cannabis Players' Valuations: Which Stocks Look Cheap in January?ValuationsAs we near the end of the first month of 2019, it’s time to look at the valuation multiples of cannabis stocks and determine which ones look cheap.In this series, we’ll
How Cannabis Stocks Fared Last WeekCannabis sector The ETF Horizons Marijuana Life Sciences (HMMJ) rose 22 basis points between January 11 and January 16. However, the Horizons Emerging Marijuana Growers Index (HMJR) slid 3.6% over the same period.
Cannabis Stock Roundup: CGC, HEXO, TLRY, and MoreCanopy Growth gets CIBC coverageIn the morning trading session at around 11:00 AM ET today, Canopy Growth (WEED)(CGC) was off to a positive start with the stock rising nearly 3.7%. The stock was
Analysts' January Rating Updates for TLRY, CGC, and ACB(Continued from Prior Part)Canopy GrowthCanopy Growth (WEED) (CGC) has continued to deepen its roots in the United States with a recent announcement that could be a game changer for the company.
Analysts' January Rating Updates for TLRY, CGC, and ACB(Continued from Prior Part)Aurora Cannabis Aurora Cannabis (ACB) stock tanked nearly 8.2% after the market closed on January 16 due to the company’s announcement that it would raise ~$250
ACB, TLRY, and APHA Are in the Red, but CGC Continues to GainCannabis stocks are falling Aurora Cannabis (ACB) was trading in the red as of 11:00 AM EST today after the company announced that it would be raising $250 million worth of capital through
Analysts' January Rating Updates for TLRY, CGC, and ACBThree major stocks With a lot of action expected to boost the sentiments of cannabis investors (HMMJ), three major cannabis stocks are off to a positive start in 2019. These three stocks are
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
Mid-Day Movers in the Cannabis Sector: CGC, TLRY, ACB, and MoreMid-day moversAround mid-day today, the major cannabis stocks were broadly positive. The Horizons Marijuana Life Sciences ETF (HMMJ) was up almost 1% around noon. Let’s look at how
Tilray Tanks, but Canopy Growth and Aurora Hold Their GainsTilray tanksToday, Tilray (TLRY) has tanked nearly 10.1% to $90 as of 11:45 AM EST. The stock has apparently been affected by an IPO lockup expiry, which essentially opens the door for early
Key Takeaways from Aphria's Second-Quarter Earnings(Continued from Prior Part)Criticism from short-sellersLately, Aphria (APHA) has been under fire from short sellers due to its acquisitions in international markets. Short sellers
Why Senator Schumer Is Pleased with Canopy Growth(Continued from Prior Part)A word on valueAs we discussed in the last part of this series, Canopy Growth (WEED)(CGC) recently acquired a hemp license. This license increases the fundamental value for
Key Takeaways from Aphria's Second-Quarter EarningsAphria’s earningsAphria (APHA) reported its earnings on January 11. The stock gained nearly 5.4%, which indicates that investors saw the earnings results in a positive light. In this series,
In the first half of January 14, Tilray (TLRY) was up 6.8% as of noon. The stock continued its upward momentum after it received a boost last week from comments by one of its largest holders. See Is Tilray Back in Action for Day Traders?
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.
Aphria Sells Cannabis Cheaper than StatsCan's Reported Averages ## StatsCan report On January 9, StatsCan reported its latest findings for the recreational cannabis market after legalization. StatsCan reported that the average price recreational users paid after legalization in Canada was nearly 8.02 Canadian dollars per gram. However, this data was from a sample of about 385 submissions received by StatsCan. A more accurate place to look for pricing for recreational cannabis could be from companies such as Aphria (APHA), Canopy Growth (WEED), CannTrust (CNTTF), and Tilray (TLRY) themselves. ## Average selling price In the above chart, we see three average prices. The first one is the most recent national average price paid for recreational cannabis. The second one shows the average selling price of 6.3 Canadian dollars including excise tax for Aphria’s adult use cannabis during the second quarter. The third price is the average medical and wholesale price of 7.5 Canadian dollars including excise tax for Aphria’s medical and wholesale product. Clearly, the average selling prices for both adult use and medical cannabis was far lower than what StatsCan reported for its national averages. It is important to sell legalized cannabis at the right price for both the government and companies (HMMJ) including Canopy Growth (WEED), Cronos (CRON), and Tilray (TLRY), as one of the key reasons cited for legalizing cannabis was to eliminate the illicit market. According to the same StatsCan report, the prices in the illicit market prior to the legalization of recreational cannabis averaged 6.83 Canadian dollars.
Is Tilray Back in Action for Day Traders? ## Tilray rose On January 11, Tilray (TLRY) rose almost 19% and closed at $96. Tilray had its best day in 2019 after it fluctuated in 2018. Tilray became one of the hot stocks for day traders and other investors looking to make a quick buck in September when the stock reached a peak of almost $300. In the rest of 2018, Tilray lost its sheen. The stock fell as low as $65 towards the end of 2018. So, what boosted Tilray on January 11? ## Why did Tilray increase? Tilray got a boost from one of its biggest shareholders, whose lock-up period is coming to an end this week. The shareholder indicated that it intends to hold Tilray even after the lock-up period expires. According to a Bloomberg report, Privateer Holdings held nearly 76% of Tilray’s shares. A sale from Privateer Holdings would add as many as 76 million shares to the company’s float. Privateer Holdings doesn’t intend to sell its shares. The company supports Tilray’s global growth strategy. Currently, Tilray has a float of nearly ten million shares, which is significantly low compared to its peers (HMMJ). Aurora Cannabis (ACB) has 929 million shares, Canopy Growth (WEED) has 49 million shares, and Cronos Group (CRON) has 156 million shares. With little hope from Privateer Holdings regarding more shares available for trading, the company might continue to see wide swings in the price, which makes it appealing to day traders. However, Privateer Holdings doesn’t intend to sell Tilray’s share in the first half of 2019. When Privateer Holdings decides to sell Tilray’s share, it will happen in an orderly manner. For ongoing updates, visit Market Realist’s Healthcare page.
Cannabis Stocks: CGC, TLRY, CRON, and Others Last Week ## Major cannabis stocks For the week ending January 11, most of the major cannabis stocks ended in the positive territory. The Horizons Marijuana Life Sciences ETF (HMMJ) gained nearly 17.5% between the closing on January 4 and the closing on January 11. ## Gainers Tilray (TLRY) emerged as the biggest gainer last week. Tilray rose nearly 37% after a private equity company stated that it will keep its investments in the company through the second half of 2019. Canopy Growth (WEED) (CGC) rose 36% last week. Canopy Growth got a boost after Constellation Brands provided some visibility on its earnings within the next 18 months. Canopy Growth received coverage initiation from two major investment firms. Aurora Cannabis (ACB) gained nearly 21% last week, while Cronos Group (CRON) rose 16% between the weeks ending January 4 and January 11. Aphria (APHA), which reported its earnings last week, rose 13.8%. Supreme Cannabis (SPRWF) gained nearly 12.7%, while CannTrust (CNTTF) gained nearly 13.8%. OrganiGram (OGRMF) was also among the top gainers last week with a 10% gain. Emerald Health (EMHTF) was the only stock in the above chart that ended in the negative territory with a weekly decline of 1.3%. To learn more about the cannabis sector, read Why Green Growth Stock Rose Yesterday, Jim Cramer Made His Pick in the Cannabis Industry, and Canopy Growth: Notes from Constellation Brands’ Earnings.