Tag: Wall Street
Aurora Cannabis: 3 Things That Must Happen for Investor Trust to Be Rebuilt
At one time, there wasn’t a hotter investment on Wall Street than marijuana stocks. Though there were a number of North American licensed producers that investors fancied, Alberta-based Aurora Cannabis (NYSE:ACB) was often the favorite. Aurora Cannabis appeared to have a pedigree that would make it a clear winner in the cannabis space. By the midpoint of 2019, it had 15 properties that, if fully operational, could yield in excess of 660,000 kilos of cannabis…
The 4 Likeliest States to Legalize Marijuana in November
Though a dozen states have proposed cannabis initiatives, these states have the best chance to “go green” on Election Day. Despite its numerous growing pains over the past year and change, marijuana remains one of the fastest expanding industries on the planet. After logging $10.9 billion in legal worldwide sales in 2018, Wall Street has global pot sales hitting anywhere from $50 billion to $200 billion by 2030. Although cannabis is a global growth story,…
Here’s How Canada Blew Its Chance to Be a Cannabis Leader
Despite being the first industrialized country to legalize adult-use pot in the modern era, Canada’s ambitions of being a marijuana leader have gone up in smoke. For years, cannabis stocks were virtually unstoppable. Following a more-than-tripling in worldwide sales between 2014 and 2018 to $10.9 billion, Wall Street and investors sent pot stock valuations into the stratosphere. At the center of this growth trend was Canada. Even though the U.S. offered far more potential in…
Why Aurora Cannabis Stock Plunged Today
Multiple factors could weigh on marijuana sales and make it harder for Aurora to achieve near-term profitability. What happened Shares of Aurora Cannabis (NYSE:ACB) sank more than 12% on Tuesday, following a worrisome earnings release from a rival marijuana producer. So what Pot company Tilray (NASDAQ:TLRY) reported first-quarter losses that were far larger than Wall Street’s forecasts. Revenue climbed 126% year over year to $52.1 million, driven by a 165% rise in adult-use cannabis sales…
Despite Doubling, These Cannabis Stocks Are Bad News
June 19, 2020
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