|Bid||21.00 x 1200|
|Ask||21.09 x 2900|
|Day's Range||20.76 - 21.51|
|52 Week Range||20.59 - 178.85|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||48.58|
TORONTO, Oct. 10, 2019 /CNW/ - Today, Fluent Beverage Company ("Fluent"), a joint venture between Anheuser-Busch InBev ("AB InBev"), the world's leading brewer, and Tilray, a global pioneer in cannabis, announced its plans to commercialize non-alcohol CBD-infused beverages in Canada, once regulations allow. AB InBev participates in the partnership through its subsidiary Labatt Breweries of Canada, one of the country's founding businesses and its leading brewer.
At 1:30 PM ET, the S&P; 500 Index and the Dow Jones Industrial Average were up 0.5% and 0.4%, respectively. However, the cannabis sector was down.
(Bloomberg) -- Pot stocks crumbled to their lowest level since 2017 after Hexo Corp. became the latest cannabis company to lower earnings expectations.The Horizons Marijuana Life Sciences Index ETF fell as much as 6.9% Thursday to the lowest since November 2017 and has now lost 55% since its recent high in March. The U.S.-traded ETFMG Alternative Harvest ETF slid to a record low. The whole sector came under pressure after Hexo said its fourth-quarter and full-year revenue will be come in well below analyst expectations and withdrew its guidance for fiscal 2020. Hexo shares plunged as much as 26% to the lowest since April 2018.Hexo will report earnings on Oct. 24 and appears set to join other Canadian pot producers including Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. in disappointing investors. The company blamed slower-than-expected store openings, a delay in government approval for new products like edibles and vapes, and “early signs of pricing pressure.”Tilray fell as much 12%, heading for a record low. Canopy slid 9.7%, Aurora lost 5.9% and Cronos Group Inc. fell 6.7%.To contact the reporter on this story: Kristine Owram in Toronto at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A look at the new U.S. blacklist on nearly 30 Chinese companies and how it might impact the upcoming trade talks. A dive into the dispute between the NBA and China, marijuana stocks, and why Roku is a Zacks Rank 1 (Strong Buy) - Free Lunch
CALGARY, Oct. 8, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced an October 10, 2019 opening for its newest franchise retail cannabis store in Southeast Calgary's Penbrooke community and also that it has received cannabis retail store licences from Alberta Gaming, Liquor and Cannabis (the "AGLC") for a franchise location in Sexsmith, Alberta and from the British Columbia Liquor and Cannabis Regulation Branch (the "LCRB") for a franchise location in West Kelowna, British Columbia. Please visit www.spiritleaf.ca for more information including opening dates and operating hours.
Thirteen analysts are covering GW Pharmaceuticals in October. Nine covered the stock in October 2018. The consensus target price for the stock is $226.85.
Investing.com - Cannabis stocks were mostly on the back foot Monday after analysts on Wall Street cut their outlook on several producers on cash-flow worries and said sales would continue to come under pressure.
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against Tilray, Inc.
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Campbell Soup did a hatchet job on fresh food seller Bolthouse Farms. Now the brand is back under new ownership.
"We wanted to be a great restaurant that...instead of having alcohol, replacing [it] with the social aspects of cannabis," Lowell Cafe's director said.
CALGARY, Oct. 1, 2019 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced the opening of its newest franchise store in Banff, Alberta which represents the Company's 34th operating location. The Banff store is the first recreational cannabis outlet to be opened in the town centre and is located at 203B Bear Street. Please visit www.spiritleaf.ca for operating hours and additional information.
Cannabis players are having a hard time this year. Regulatory concerns and weaker earnings due to the vaping-related crisis took a toll on the sector.
Should investors consider buying shares of Constellation Brands (STZ) as we head into the release of its second quarter fiscal 2020 earnings results, due out on Thursday, October 3?
Colorado Congressman Ed Perlmutter called the House passing his marijuana banking bill an 'icebreaker' to more reforms despite criticism from progressives.
Legal cannabis harvests can supply 81 per cent of demand, but legal sales are 14 per cent of the pot market.
On Tuesday, the Cannabis Control Commission approved the social consumption of cannabis. The commission also approved a home delivery service.
Acreage CEO Kevin Murphy says the House approving a landmark cannabis banking bill is a very 'big deal' for the marijuana industry.