Cannabis
Most Cannabis Stocks Went Up in April – Are We Past the Bottom
Lorimer Wilson from MunKNEE.com reviews 35 cannabis companies and 29 had stock price increases in April with only 6 companies going down in price. [more]
Cannabis
Analyst Articles
Cash is King during Times of Economic Uncertainties Due to COVID-19
S&P 500 and S&P/TSX indices screens highlight companies with strong balance sheets and cash flows, which reduce liquidity risks and allow companies the ability to acquire distressed assets. Cash Kings – Alphabet, Microsoft & Facebook in the U.S. and Onex & Kirkland Lake in Canada [more]
Analyst Articles
Cannabis Companies Count Quarters Until Cash Runs Out While M&A Activity and Financings Drop
At current pace of operation & CAPEX spending, Aurora and Curaleaf have less than two quarters of runway left while iAnthus defaults on debt payment and MedMen needs $250M to execute turnaround plan. [more]
Cannabis
Company Report – Nextleaf Signs Cannabis Extraction Agreement with Private Grower
Combined with the royalty license agreement announced in Dec/19, these two contracts represent $18M in revenue potential. [more]
Analyst Articles
Cannabis Update: Lay Offs, Facility Closures, Write-downs, U.S. Exchange Delisting, and Retail Store Closures
Aurora lays off 500 employees and writes down $1B; Hexo dismisses 200 employees and writes down $270M; Canopy closes two facilities with 500 employees and stops plans for third facility; many U.S. listed cannabis companies fall under $1/share; Canopy closes all retail stores. [more]
Analyst Articles
Canopy Earnings Surprise with Progress Towards Profitability
Canopy’s stock price has dropped 51% in the past year but as it progresses towards profitability, its stock price has started an upward trend with a 14% increase year-to-date. [more]
Analyst Articles
January Cannabis Update
Horizons Marijuana Life Sciences ETF (TSX: HMMJ), the first established cannabis ETF, has fallen almost 60% in share price in the past year and Evolve Funds Group announced it will be shutting down of two of its cannabis focused ETFs [more]
Analyst Articles
Cannabis Financings Shift to Debt from Equity
Over C$500 million of debt deals have materialized in December in the cannabis space. [more]
Analyst Articles
WeedMD Closes Starseed Acquisition and $25 Million Financing
Starseed’s medical distribution platform complements WeedMD’s cultivation and processing platform to create a vertically-integrated cannabis company. [more]
Analyst Articles
Kirkland Lake, HBC, Couche-Tard, WeedMD, eBay, Tiffany’s Making M&A News
Dealmaking last week covered the whole gamut from gas stations to retailers to gold miners, from online trading to ticket trading, and from champagne drinkers to cannabis smokers. [more]