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Is Tobacco King Philip Morris Looking at the Marijuana Market?
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...
Cronos Shares Soar as Company Tops Third Quarter Financial Forecasts
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...
Cannabis Company Cronos Reports a $31.3M Operating Loss in the Second Quarter
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...
Cronos Group Shares Are Popping This Week
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...
Cronos Group to Buy CBD Products Distributor
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...
Cronos Group Soars as Analyst Upgrades the Stock
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...
Top Marijuana Analyst is Optimistic about Altria Taking a Stake in Cronos
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...
Altria Reportedly in Discussions to Buy Cronos Group
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...
Cronos Group Reports Third Quarter Financial Results
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...
Aurora Cannabis Debuts on the NYSE and Flops
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...

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