Cannabis Stocks Declined -9.9% in May; Now -43.7% YTD
The largest Canadian Licensed Producers (LP), as tracked in the Canadian Pure-play LP Pot Stock Index, is down by 15.6% in May. [more]
The largest Canadian Licensed Producers (LP), as tracked in the Canadian Pure-play LP Pot Stock Index, is down by 15.6% in May. [more]
So far this year the 18 largest “seed-to-sale” cannabis stocks has declined by 50.2% YTD (as of May 5th) while the stock prices of the 5 tobacco companies and 1 liquor company that have invested heavily in the cannabis industry have increased by 2.0% over the same period – and pay an average of 3.0% in dividend yields. [more]
The six main constituents were down 26.9% in April and are now down 54.2% YTD. The next four constituents were down 23.3% in April and are now down 47.1% YTD. [more]
The cannabis industry is dominated by the big four companies and these companies have emerged as the industry leaders. They benefit from factors including access to the lowest cost of institutional capital, scale, proven management talent, track records, strong balance sheets, and licensing credibility. [more]
The cannabis industry recently saw heightened activity as the United States moved closer towards federal regulation while several M&A deals were announced. In addition, the cannabis edibles market sharply increased as more consumers tried edibles for the first time. [more]
The cannabis industry continues to experience high growth and activity as legal NA markets reach record sales, amid the COVID-19 pandemic. As the U.S. moves closer to regulating cannabis federally, Canadian cannabis companies are seeking various strategies to take advantage of the new market. [more]
The first cannabis ETF in the world has fallen more than 25% in share price since March 2019, but in contrast, the cannabis market has continued to be a highlight for numerous catalysts. [more]
Curaleaf Holdings announced a US$875 million acquisition that combines the largest public and the largest private multi-state operators in the U.S., which together will now operate 131 dispensary licenses, 68 operational locations, and 20 cultivation sites. [more]
CannTrust Holdings received a compliance report from Health Canada, notifying them that several grow rooms in their Pelhim, Ontario greenhouse facility are in non-compliance. [more]
Canopy announced the termination of Bruce Linton as co-CEO. Linton will also be stepping down as chairman and director of Canopy Rivers. [more]
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