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With over $2.5 billion raised by SPACs in the cannabis industry, there is more buying power in the market that is fueling new M&A activity.
Put CGC on your potential shopping list and let's keep an eye on it.
As the president's press conference on China approaches, there is ample reason for some risk-off behavior. Meantime, Zscaler's earnings beat is a good time to take a profit.
That doesn't mean we'll move straight up over the summer, but we'll get plenty of virus, China, stimulus, cannabis, and unemployment chatter.
A look at some names that Robinhood brokerage CEO Tenev tells us young people are buying.
I think their sales are sustainable in part because we are scared to go to the supermarket but we know we have to because we can't go out much.
These companies initially seemed to believe that regulators and law enforcement would drive out the illicit market dealers. That hasn't happened.
Some businesses offer curbside delivery while others boost online sales -- still some can't escape closings and cut forecasts.
It's just plain cheaper to grow outside.
No matter what the current price to earnings multiple or enterprise to sales or even out year sales analysis, that sucker's going up.
Cannabis investors have been sorely disappointed in the stock's performance.
* Moving to small-sized in cannabis In the next week I hope to update my fundamental view and share price outlook on the cannabis space. I had expected the stocks to bounce in January, after the tax selling period of late 2019 abated. To some degree...
Canopy Growth continues to make a nice run this morning. Here is your "Marijuana Moment."
Canopy Growth is getting jiggy. Finally, back to break even (after buying - "the funnel" - at $14.60).
The NYSE used to be the center of capitalism, but now it's where actual engineering, not financial engineering, is taking place.
Buyers of the beer and wine seller's shares have become more aggressive.
When time frames differ (short-term vs. long-term), it can result in actions that may seem to void the other. That simply isn't the case.
Some market highlights today (in my book): * Kraft Heinz sneaking back to the old highs. *Cronos Group and Canopy Growth Corp (a helluva trade off of the morning lows) are cannabis leadership. * Cannabis spec basket still ++. * The iShares Barclays ...
Canopy's shares are now trading +11% above $20.90. I am going to call an audible and take off my trading portion of my large position at the current price and not wait until January. I am basically satisfied with this trading move which happened far...
Cannabis stocks are continuing to get their groove back this morning - with good gains in , , , and .
I have a trading layer on top of my investment position in in anticipation of a rebound in January after the tax selling concludes.
But its investors may still feel burnt from the diluted shares; meanwhile, the new year could be when several cannabis stocks go to pot.
* An accelerated roll out of Canadian retail stores will improve the current demand/supply imbalance I had previously mentioned in my analysis of the Canadian cannibas stocks -- in general and Canopy Growth , in particular -- that the slow roll out ...
I might be squinting too hard - but the Canopy Growth chart is looking interesting. Mikey?
From Canopy Growth this Thursday morning: Canopy Growth Introduces First & Free - A Line of Branded Hemp-Derived CBD Products to the U.S. Market Canopy Growth's (CGC) first line of CBD products are available for purchase through e-commerce platform ...
I have orders in (slightly below the market) to add to my longs in , , and . I have orders in (slightly above the market) to short , , , and . __________ Long TWTR (Large), KHC (large), CGC (large), AMZN (large). Short TROW, BX, MU (large), CAT (lar...
BankofAmerica/Merrill Lynch raises its price target for Canopy Growth from $22 to $26 this morning. The brokerage is less keen on an imminent takeover by Constellation but more excited about the timing of a fundamental profit turn in the business wi...
Mr. Market moved steadily lower as the afternoon progressed and closed on the day's lows. I wouldn't make too much out of the meaning of today's action. * Breadth was almost exactly flat. * Bonds closed a bit stronger with yields down by two basis p...
A thoughtful post by Tim "Not Judy or Phil" Collins on Canopy Growth . I have long thought that a Constellation /Canopy merger was in the cards. And so does Tim think the same!
The cannabis company just brought on STZ executive as new CEO, and this move is likely lining up bigger things to come as sector shakes out.