|Bid||46.30 x 0|
|Ask||46.38 x 0|
|Day's Range||45.45 - 47.60|
|52 Week Range||17.16 - 76.68|
|Beta (3Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.83|
Four of Canada’s largest cannabis companies reported earnings this week. While many investors anxiously awaited management’s outlook for the newly-legal recreational market at home, executives clearly wanted to talk up ambitions abroad.
Trulieve Cannabis Corp (TCNNF) is a licensed medical cannabis company set to release its Q3 2018 earnings on November 19 at 10:00 AM ET. Analysts expect Trulieve to report revenues of 35.1 million Canadian dollars for the third quarter of 2018. Trulieve is a vertically integrated cannabis company involved in the cultivation, production, and commercialization of cannabis products in the State of Florida.
MedMen’s (MMNFF) reported revenues are generated from direct sales through its retail stores. The company has reported no material revenues from cultivation or production wholesale operations in the fiscal year ended June 30.
Did Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) realistically outperform Canopy Growth Corp (TSX:WEED)(NYSE:CGC) last quarter?
Cannabis stocks have made several investors wary because of their high level of volatility. Earlier this week, some of the companies that reported earnings such as Canopy Growth (WEED), Tilray (TLRY), and Aurora Cannabis (ACB) (ACBFF) missed analysts’ estimates by a large margin, and the stocks got hammered. In an interview with CNBC, Andrew Left of Citron Research was largely pessimistic on the Canadian cannabis industry and expects that cannabis stocks will fall in the near term.
On November 15, the widely followed host of Mad Money on CNBC, Jim Cramer, gave his opinions on the cannabis industry. Cramer pointed investors to Canopy Growth (WEED) (CGC), the Canadian cannabis (HMMJ) giant, because of its backing from Constellation Brands as a result of the latter’s $4 billion investment.
There was a flurry of earnings releases this week from leaders of the Canadian cannabis industry. Here are the winners and losers.
Data shows that many traders are short pot stocks like Canopy Growth Corp (TSX:WEED)(NYSE:CGC). Are they right?
CORAL GABLES, FL / ACCESSWIRE / November 15, 2018 / Marijuana stocks saw a trend reversal on Thursday. Shares of many cannabis stocks that were hit hard over the last few weeks have managed to turn around in price. Since Canada's legalization, a number of new industry events have happened.
Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) is a high-profile pot stock that could be looking for a beverage maker to partner with.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) just released earnings for the quarter ended just before legalization. Here's what you need to know.