Industry full of opportunity

The cannabis industry continued to see action in March with companies announcing new acquisitions, forays into new markets, and hiring new talent. Tilray (TLRY), for example, recently roped in a former Goldman Sachs executive to lead its merger and acquisition and global strategy. Aurora Cannabis (ACB) added Nelson Peltz as its new strategic adviser while HEXO (HEXO) announced that it will acquire Newstrike Brands.

Wall Street Ratings Changes for CGC, TLRY, and CTST in March


In the above chart, we see three cannabis stocks’ YTD (year-to-date) performance. While Canopy Growth (WEED) and CannTrust (CTST) have delivered YTD returns above 50%, Tilray (TLRY)—for the most part—has underperformed these two peers (HMMJ). In our recent valuation update series, we compared how Tilray’s valuation multiples compare with other industry peers. We saw that Tilray and Cronos Group (CRON) were trading at a significant premium to their peers’ median. Read our full coverage in TLRY Is Too Rich for Jefferies—What about Other Cannabis Players?

Analyst ratings

In this series, we’ll discuss analyst ratings updates in March for three cannabis stocks—Canopy Growth, Tilray, and CannTrust. This research will expand on our previous ratings update series, Analysts’ Ratings Change for APHA, ACB, and CRON in March.

Latest articles

19 May

Chinese Stocks are Getting Crushed


In the last month the CSI 300 is down 11.5%, much more than US indices.

JCPenney (JCP) is slated to announce its results for the first quarter of fiscal 2019, which ended on May 4, on May 21.

17 May

What to Know about the US-China Trade War

WRITTEN BY Mayur Sontakke, CFA, FRM

The key point of contention in the US-China trade dispute is the large trade deficit the United States runs against China.

On May 16, the Labor Department reported jobless claims for last week. Initial jobless claims fell by 16,000 to 212,000 for the week ended May 11.

Jeffrey Gundlach recommended investors take advantage of the volatility in interest rates at the recent Sohn Conference.

Tesla (TSLA) has fallen 4.2% as of 11:55 AM EDT on May 17. While US equity markets opened in the red today, they've recouped their losses.