Marijuana Stocks Is Tobacco King Philip Morris Looking at the Marijuana Market? by Sophia Vida April 30, 2021 Multinational tobacco giant Philip Morris is reportedly looking into marijuana market opportunities. According to a report, the New-York based company had told Bloomberg that it is looking at the potential pharmaceutical and co...
Marijuana Stocks Cronos Shares Soar as Company Tops Third Quarter Financial Forecasts by Sophia Vida November 06, 2020 Shares of marijuana company Cronos Group soared on Thursday after the company topped third quarter financial results. For the quarter the Canadian pot producer's overall net income was $68.5 million. This was helped by a $105.3...
Spotlight Stock Cannabis Company Cronos Reports a $31.3M Operating Loss in the Second Quarter by Sophia Vida August 07, 2020 Canadian marijuana company Cronos Group has reported its second quarter financial results to reveal an adjusted operating loss of $31.3 million along with $40 million worth of coronavirus-related impairment charges on its U.S. ope...
Spotlight Stock Cronos Group Shares Are Popping This Week by Sophia Vida October 18, 2019 Shares of marijuana producer Cronos Group were soaring this week despite not having a particular reason for doing so. The stock exploded in after-hours trading on Wednesday for gains as high as 41.5% before retracing to a 33% g...
Marijuana Stocks Cronos Group to Buy CBD Products Distributor by Sophia Vida August 07, 2019 Canada-based marijuana cultivator Cronos Group has agreed to buy a a hemp producer that distributes CBD products in the United States. Cronos announced the news this past Friday, stating that it has agreed to purchase Redwood H...
Uncategorized Cronos Group Soars as Analyst Upgrades the Stock by Sophia Vida June 07, 2019 Shares of Cronos Group were sailing higher this week after Bank of America Merrill Lynch decided to give the marijuana company a two-notch upgrade. The bank has argued that a move into the U.S. CBD market could be a huge opport...
Uncategorized Top Marijuana Analyst is Optimistic about Altria Taking a Stake in Cronos by Sophia Vida December 11, 2018 Vivien Azer, a top marijuana analyst with Cowen, is digging Altria's recent announcement about taking a $1.8 billion stake in cannabis producer Cronos Group. According to the analyst, the agreement should both companies and th...
Spotlight Stock Altria Reportedly in Discussions to Buy Cronos Group by Sophia Vida December 04, 2018 Shares 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 Stock Cronos Group Reports Third Quarter Financial Results by Sophia Vida November 14, 2018 Canadian 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 Stock Aurora Cannabis Debuts on the NYSE and Flops by Sophia Vida October 24, 2018 Aurora 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...
