Tag: Wall Street


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…