Spotlight StockAltria Reportedly in Discussions to Buy Cronos Groupby Sofia Vida December 04, 2018Shares of Cronos Group were soaring on Monday as Wall Street learned that Marlboro cigarette maker Altria is in talks to acquire the company. CNBC reported the news citing a source familiar with the situation. The source did ad...
Spotlight StockCanopy Growth Enters Into Agreement with MediPharm Labsby Sofia Vida December 01, 2018Canadian company Canopy Growth, one of the biggest marijuana growers in the world, has entered into a strategic supply agreement with MediPharm Labs Inc., a specialized cannabis extraction business licensed under the Cannabis Act,...
Spotlight StockMarijuana Producer MedMen Enterprises Sales Grew Over 1,000%by Sofia Vida November 30, 2018Marijuana producer MedMen which just went public this past May, reported first quarter fiscal year 2019 financial results this week that showed an increase of over 1,000% in sales. "Our first quarter performance underlines the ...
Spotlight StockCanopy Growth Shares Fall on Disappointing Earnings in the Second Quarterby Sofia Vida November 15, 2018Shares of Canadian marijuana company Canopy Growth reported second quarter earnings this week that revealed a revenue decline. The stock saw its shares fall 13% as traders digested the report. Analysts were expecting better fro...
Spotlight StockCronos Group Reports Third Quarter Financial Resultsby Sofia Vida November 14, 2018Canadian marijuana company Cronos Group Inc. reported its third quarter results this week, revealing that revenue had roughly tripled. Despite revenue seeing a big jump, the company reported a net loss of C$7.04 million ($5.3 m...
Spotlight StockAurora Cannabis Sees a 2,800% Increase in Earningsby Sofia Vida November 13, 2018Aurora Cannabis was the first of several marijuana stocks to report quarterly results this week and boy, did they deliver. The Canadian marijuana company reported that earnings had soared 2,800% after producing 11,000 pounds of...
Spotlight StockCanopy Growth Closes on Constellation Brands’ $4 Billion Investmentby Sofia Vida November 07, 2018On November 1st, Constellation Brands, Inc. and Canopy Growth Corporation announced that the companies had closed on the former's $4 billion investment into the latter company. The investment had been previously announced on Au...
Spotlight StockCoca Cola Has No Plans for Cannabis Drinksby Sofia Vida November 01, 2018It was in September that beverage giant Coca Cola had indicated it could be interested in getting into the marijuana industry but now the company has squashed that idea. During the company's earnings call on Tuesday, CEO James ...
Spotlight StockCuraleaf Holdings Makes Lackluster Debut in Torontoby Sofia Vida October 29, 2018U.S. marijuana company Curaleaf Holdings made its debut in Toronto this Monday and it was less than exciting. The company had accumulated $400 million in equity raising, making it the biggest in Canada's marijuana history thus ...
Spotlight StockAurora Cannabis Debuts on the NYSE and Flopsby Sofia Vida October 24, 2018Aurora Cannabis made a less than par debut on the New York Stock Exchange on Tuesday. Perhaps it had something to do with the timing as many pot stocks were slumping again after seeing losses on Monday. Shares of Tilray, Canopy...
