Sector News Cronos Purchases Option to Acquire 10.5% Stake in PharmaCann for Around $110M by Sophia Vida June 14, 2021 Canada's marijuana company Cronos has purchased an option to acquire a 10.5% stake in PharmaCann for $110.4 million. The company announced on Monday that it has purchased an option to acquire a 10.5% stake in U.S. PharmaCann. U...
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...
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...
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 Another Canadian Weed Company is About to Make its Debut on the NYSE by Sophia Vida October 22, 2018 Aurora Cannabis Inc., a Canadian marijuana company, announced recently that its shares have been approved by the New York Stock Exchange for trading. The company is set to have its first day of trading on the exchange on Octobe...
Trends & Articles The Midterm Elections Could Help Marijuana Stocks See More Gains by Sophia Vida September 19, 2018 Shares of marijuana stocks have been booming in the last week and could continue to see big gains from midterm elections. According to Cowen analyst Vivien Azer, the marijuana arena may benefit regardless of the winning politic...
