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Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week
Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week
Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of November 4th – 10th, 2019.
Without further ado, let’s get started.
10. 8 Cannabis Stocks to Avoid Like the Plague
On Average, These 8 Cannabis Stocks Are Down 75% Year-to-Date, One Company Dropped 97% This Year Alone
Cannabis investors would be wise to steer clear of these risky pot stocks.
READ FULL STOCKS TO AVOID ARTICLE
Aphria Diamond Adds 140,000 kgs Boosting Aphria’s Total Annual Production Capacity to 255,000 kgs
Aphria (TSX:APHA) (NYSE:APHA) announced it has received its Health Canada cultivation licence for the company’s 1.3 million sq ft Aphria Diamond greenhouse facility in Leamington, Ontario.
8. Short-Sellers Are Increasing Bets on Cannabis Stocks Even After Summer Sell-Off
Some Cannabis Stocks Have Lost More Than Half Their Value in the Last Few Months, But Short-Sellers Are Still Bearish
“Bearish speculators have strong conviction maintaining short exposure in the cannabis sector, despite the high borrow/carry costs,” said Matthew Unterman, director at financial analytics firm S3 Partners.
Short position updates on Tilray (NASDAQ:TLRY), Canopy Growth (TSX:WEED) (NYSE:CGC), Aurora Cannabis (TSX:ACB) (NYSE:ACB), Aphria (TSX:APHA) (NYSE:APHA), HEXO (TSX:HEXO) (NYSE:HEXO), Cronos Group (TSX:CRON) (NASDAQ:CRON) and The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF).
READ FULL SHORT SELLERS ARTICLE
7. Former Canopy Growth CEO Bruce Linton Reveals New Executive Role with U.S. MSO
Bruce Linton Set to Become New Executive Chairman of This Minneapolis-based MSO
Shares of this multi-state operator’s stock surged as much as 35% the day the Bruce Linton news was announced.
READ FULL BRUCE LINTON ARTICLE
6. Jim Cramer: Stay Away from Aurora Cannabis
Cramer Commented on ACB Stock During the Lightning Round on CNBC’s Mad Money
“The group is just under heavy pressure, and every time it sticks it’s head up, it gets completely whacked. They’re playing whack-a-mole with these. We’ve got to wait to until one of them shows a really big profit,” said Cramer on Aurora Cannabis (TSX:ACB) (NYSE:ACB).
READ FULL JIM CRAMER ACB ARTICLE
5. 3 Cannabis Stocks with Major Catalysts from Deals Closing
Recent Weakness in the Cannabis Sector Provides Great Opportunity for Long-Term Gains
These three cannabis stocks have major catalysts on the horizon thanks to the closure of major deals and eventual access to the banking and capital markets in the U.S.
READ FULL CANNABIS CATALYSTS ARTICLE
4. Drake’s Next Act: ‘Potline Bling’ Feat. Canopy Growth Corp
Multi-Platinum Recording Superstar Drake and Canopy Growth Announce New Cannabis Partnership
Drake is heading home and will own a majority stake in Toronto-based "More Life Growth". Canopy Growth (TSX:WEED) (NYSE:CGC) will own the remaining 40% in the new fully licensed cannabis producer.
3. Cannabis Earnings Season: Will Earnings from the Top Cannabis Companies Be a Relief?
Earnings Season is an Exciting Time for Investors Who Have Been Eyeing the Cannabis Sector
Top marijuana stocks including Aurora Cannabis (TSX:ACB) (NYSE:ACB), Canopy Growth (TSX:WEED) (NYSE:CGC), and Cronos Group (TSX:CRON) (NASDAQ:CRON) will report earnings this month. Let’s look at what analysts and the companies themselves forecast for this month’s earnings.
READ FULL EARNINGS SZN ARTICLE
2. Leading Analyst Calls Bottom on Canadian Cannabis Stocks + New Ratings and Price Targets
Cantor Fitzgerald Analyst Pablo Zuanic Sees “Green Days Ahead” for Canadian Pot Stocks
New 264-page research note features ratings and price targets on 6 of Canada’s top cannabis stocks.
READ FULL CANADIAN STOCKS ARTICLE
1. Pot Stocks Rebound in a Big Way, Top 15 Gainers of the Week
Cannabis Stocks Rally to Close Week on High Note, These 15 Stocks Lead the Way
Cannabis investors are now wondering if the bottom is finally in or if this rally was just a dead cat bounce.
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November 11, 2019 • 2:20 pm