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Market Realist

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Market Realist

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    Featured

    Cannabis Scandal Radar: Is Tilray Next?

    Cannabis is a highly regulated industry. Marijuana is still illegal at the federal level, which leads to more illicit activities in the sector. Regulation approval is essential before the needle moves in a highly regulated industry like cannabis. Scandals have engulfed the sector many times, especially for CannTrust (CTST), Curaleaf (CURLF), and Hexo (HEXO). Could […]

    By Market Realist
  • Featured

    Why Did HEXO Rise 17% on Thursday?

    Hexo (HEXO) had a hard time last week. A lot of headwinds pulled the stock down. However, Cannabis 2.0 is bringing cannabis stocks back to life. Hexo stock rose and closed with a gain of 17% on Thursday. Let’s see why. Hexo to launch CBD-infused drinks Canada legalized edibles, vapes, beverages, and topicals on Thursday. […]

    By Market Realist
  • uploads///SMG Analysts NTM Recommendations and Targets
    Cannabis

    How Analysts View Scotts Miracle-Grow in February

    SMG Scotts Miracle-Gro (SMG) was very actively spoken about on its foray into the cannabis industry. However, unlike Canopy Growth (WEED), Aurora Cannabis (ACB), and Aphria (APHA), SMG was not directly into the cultivation business (HMMJ). Let’s look at how the analysts view the stock over the next 12 months. Analysts’ recommendation In February, analysts’ […]

    By Market Realist
  • Cannabis

    Cannabis: While the US Waits, the World Opens Up

    Cannabis legalization is spreading its roots globally. Uruguay was the first country to fully legalize recreational cannabis in 2013. Canada became the second country to legalize marijuana in 2018. Many other countries have followed suit. However, the legality of medical and recreational cannabis varies for different countries. The US still hasn’t made a decision about […]

    By Market Realist
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    Cannabis

    NBEV to Sell Its CBD Products in Hong Kong

    NBEV in China On June 18, New Age Beverages (NBEV) announced that it will launch its CBD product portfolio in Hong Kong. The company calls this move its “first major international expansion.” Let’s look at what this expansion entails for the company. What will it sell? Starting June 18, 2019, NBEV will launch its CBD […]

    By Market Realist
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    Cannabis

    Key Takeaways on the SAFE Banking Act Hearing

    On Tuesday, the US Senate held a hearing on the SAFE (Secure and Fair Enforcement) Banking Act. On March 26, the House Committee passed the act. The act will need to pass the Senate before it is sent to the US president. If passed, the act would greatly help US cannabis businesses. What is the […]

    By Market Realist
  • Cannabis

    Curaleaf and Acreage Holdings Stock Fell Last Week

    Sector performance Following weakness in the broader equity market due to uncertainty about the outcome of the trade negotiations between the US and China and concerns about global economic growth, cannabis stocks fell last week. On March 1–8, the stock price of the Horizons Marijuana Life Sciences Index ETF (HMMJ) fell 2.6%, while the stock price of […]

    By Market Realist
  • Cannabis

    Aurora Cannabis: New Clinical Trials on Hemp-CBD

    The US hemp market will likely see many CBD-based products in the coming year. Big companies, including Aurora Cannabis, are pouring in resources to develop products for US consumers. The research focuses on medical and non-medical products. The US market will likely be one of the most lucrative markets. Brightfield Group estimates that the CBD […]

    By Market Realist
  • uploads///TJX Sales
    Cannabis

    Aurora Cannabis: Target Price and Valuation Update

    So far, July has been rough for Aurora Cannabis (ACB). The stock has been trending lower ever since the beginning of the month. As of Thursday, the stock has fallen about 17%. However, the stock has delivered a positive return this year. Aurora Cannabis has delivered a positive return of 30% YTD (year-to-date). When we […]

    By Market Realist
  • Cannabis

    Cannabis Sector: Analysts’ Ratings and Analysis

    Cannabis sector Last week, Benchmark initiated coverage on Charlotte’s Web Holdings (CWBHF) (CWEB) with a “buy” rating and a $25 price target. The stock has received “strong buy” ratings from two analysts and “buy” from five. Their mean price target of 32.27 Canadian dollars for the stock implies a 26.4% upside over its April 26 closing […]

    By Market Realist
  • Cannabis

    Marijuana in Texas: Five Things You Should Know

    Marijuana laws are pretty strict in Texas, which is a conservative state when it comes to the drug. This year, the Texas legislature passed a bill that legalized the production of hemp and hemp-derived products, such as CBD (cannabidiol) oil. However, the passing of this legislation created confusion among law enforcement officials. Questions started arising […]

    By Market Realist
  • Guides

    Cannabis Market Segments & Strategies

    The strategy roadmap How cannabis companies succeed in the recreational use market will depend on the strategy they pursue. There are primarily two broad strategies to explore: cost and product differentiation. Because there are so many players in the market (HMMJ), companies will pursue either or both of these strategies to capture the adult use market […]

    By Market Realist
  • Cannabis

    Cannabis Commodities, CBD, Hemp and Medical Products

    Hemp as a commodity Earlier in November, Senate Majority Leader Mitch McConnell indicated a provision for hemp legalization in the latest version of the farm bill. The provision will include making hemp a legal agricultural commodity in the United States. Hemp can be used to make CBD derivative products that don’t have exposure like other marijuana […]

    By Market Realist
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    Cannabis

    Curaleaf Stock: Latest Updates for Investors

    Lately, Curaleaf (CURLF) stock received some attention from cannabis investors. The company announced the acquisition of GR Companies on July 17. The acquisition would make Curaleaf one of the biggest cannabis companies. To learn more, read Curaleaf Will Soon Be the World’s Largest Cannabis Company. After the announcement, Curaleaf stock closed almost 17% higher at […]

    By Market Realist
  • uploads///TJX Sales
    Cannabis

    Delta 9 Cannabis Reports 277% Growth in Second-Quarter Sales

    2Q earnings On August 29, Delta 9 (NINE.V), which is based in Manitoba, announced its second-quarter earnings a day after Tilray (TLRY) reported its second-quarter earnings. The company reported a 277% year-over-year increase in sales during the second quarter and a 210% year-over-year increase in sales in its first half of 2018. What drove growth? […]

    By Market Realist
  • Cannabis

    How Analysts Rate Harvest Health & Recreation after Its Earnings

    Harvest Health & Recreation Harvest Health & Recreation (HRVSF) released its first-quarter earnings results on May 31. It generated revenue of $19.2 million in the quarter, a year-over-year rise of 131%. Its revenue rose 14% sequentially. Harvest Health & Recreation reported an operational gross profit before biological assets accounting of $7.9 million, or 41% of […]

    By Market Realist
  • Cannabis

    Aurora Launches Edible Safety Campaign across Canada

    On October 17, the one-year anniversary of its legalization of recreational cannabis, Canada implemented Cannabis 2.0. This second round of cannabis legalization allows for the sale of derived cannabis products such as edibles, vapes, and concentrates. In anticipation of the second phase of legalization, many cannabis players have invested in the development of derivative products. […]

    By Market Realist
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    Cannabis

    What Government Regulated Cannabis Retail Could Mean for Producers

    Cannabis distribution Provinces in Canada will tightly control the supply, distribution, and sale of cannabis. With mostly just a single buyer, the government, cannabis producers will have little defense against one of Porter’s five forces: the bargaining power of customers. Government: the buyer For example, in Ontario, the government has proposed to sell recreational cannabis, in stores and […]

    By Market Realist
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    Cannabis

    Add Cannabis Stock HEXO to Your 2019 Watch List

    HEXO When it comes to underdogs among cannabis stocks (HMMJ), HEXO (HEXO) is one that comes to the top of our minds as a stock to watch in 2019. The stock has returned nearly 7.6% in 2018—far better than Aphria (APHA), which lost almost 24% in 2018, and Aurora Cannabis (ACB), which is down nearly […]

    By Market Realist
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    Cannabis

    European Market: Medical Cannabis Is Heating Up

    European market In the European market, medical cannabis products are heating up. More companies are focusing their resources to capture growth in the European market. In Canopy Growth’s (WEED) (CGC) earnings call on June 21, it said that the European market has substantial upside potential. Canopy Growth’s biggest presence is in the German market. The company also entered […]

    By Market Realist
  • uploads///Nasdaq Crossed Resistance
    Cannabis

    Smokable Hemp: Banned in North Carolina in May 2020

    When May 1, 2020, rolls around, you’ll won’t be able to smoke hemp in North Carolina legally. Just yesterday, the North Carolina House passed the North Carolina Farm Act with revisions to restrict smokable hemp. Why was it banned? The smokable hemp ban was widely supported by law enforcement agencies. Law enforcement officers might find […]

    By Market Realist
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    Cannabis

    Can Elizabeth Warren’s Stance on Cannabis Win Voters?

    Cannabis legalization has emerged as one of the key issues in the 2020 presidential campaign. Elizabeth Warren is one of the Democratic candidates supporting the legalization of cannabis at the federal level. A Massachusetts senator since 2013, Warren officially announced her nomination on February 9. She is a former professor at Harvard Law School. Elizabeth […]

    By Market Realist
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    Cannabis

    Cannabis Companies Are Focusing on Medical Cannabis

    Grounding in science Previously, we discussed that Canopy Growth (WEED) (CGC) is developing its international medical market. The company thinks that the European market could be lucrative with high potential. Canopy Growth is conducting clinical research on cannabis products’ medical benefits to serve the Canadian and international market. In these markets, Canopy Growth’s Spectrum Therapeutics brand will be at the […]

    By Market Realist
  • Cannabis

    US Farm Bill and the Cannabis Market

    US cannabis market Companies like Canopy Growth (WEED), Aurora Cannabis (ACB) (ACBFF), and Tilray (TLRY) are expected to continue to build in the cannabis space. International markets will likely start with medical cannabis and then move to recreational cannabis. Currently, medical cannabis is the best bet to make inroads in international markets. US market One big international […]

    By Market Realist
  • Cannabis

    New Cannabis Retail Licenses Up for Grabs in Ontario

    Earlier today, the AGCO (Alcohol and Gaming Commission of Ontario) announced that it would be holding a second lottery to issue licenses for retail cannabis in the province. AGCO plans to issue 50 new licenses as part of the second lottery. The breakdown Out of the 50 licenses, AGCO will issue 42 retail store licenses […]

    By Market Realist
  • Cannabis

    President Trump: Is Marijuana Legalization a Key Weapon?

    President Trump hasn’t shared his views on marijuana yet. However, the US 2020 election is heating up. Many Democratic candidates have chosen marijuana legalization as a political platform. President Trump and the 2020 presidential election  Some of the candidates have shared their views on marijuana legalization. Recently, we discussed what Bernie Sanders said about marijuana. […]

    By Market Realist
  • Cannabis

    Why Is Canopy Growth Stock Falling Today?

    Canopy Growth (WEED) (CGC) was trading about 12% lower before the market opened. The level was in addition to the 6.6% decline after the market closed on Wednesday. Yesterday was one of the worst days in investors’ history of owning the stock. Why is Canopy Growth stock falling? Canopy Growth fell due to its dismal first-quarter […]

    By Market Realist
  • Cannabis

    Tilray’s Stock Price Is Subdued Despite Global Opportunities

    Tilray outlined four global opportunities in the cannabis space. The company made a bold prediction about adult-use cannabis legalization in the US and medical cannabis elsewhere. Despite the company’s investment and optimism, the stock price has faced weakness in 2019. Four opportunities in the cannabis space Earlier in July, Tilray (TLRY) provided insight into the […]

    By Market Realist
  • Cannabis

    Curaleaf Will Soon Be the World’s Largest Cannabis Company

    On Wednesday, Curaleaf Holdings (CURA) (CURLF) announced that it had entered into an agreement to acquire GR Companies, also called Grassroots Cannabis. The deal, which involves both cash and stock transactions, will be worth around $875 million. On the deal’s closing, Curaleaf will become the world’s largest cannabis company by revenue. [stock_market_widget type=”leaderboard” template=”basic” color=”default” […]

    By Market Realist
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    Cannabis

    CannTrust Stock Might Fall Below $1

    CannTrust didn’t comply with Health Canada’s regulations. The company suspended all of its product sales. CannTrust’s revenues and profitability are in trouble in the near term. The company’s license might get suspended, which could take its price below $1. Last week was a nightmare for CannTrust (CTST) and its investors. The stock lost almost 50% […]

    By Market Realist
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    Cannabis

    CannTrust Fell, Sent Other Cannabis Stocks Into the Red

    CannTrust fell On Monday, CannTrust Holdings (CTST) experienced one of its worst days and the stock fell almost 22.6%. Health Canada’s negative compliance report drove the sell-off. Based on the report, CannTrust’s greenhouse facility in Ontario didn’t comply with specific regulations. According to the press release issued by CannTrust, the company was growing cannabis in rooms […]

    By Market Realist
  • uploads///Gold is a great diversifier
    Cannabis

    Trouble in Paradise for Canopy Growth?

    Bruce Linton departs Yesterday, Canopy Growth (WEED)(CGC) announced that co-CEO and board member Bruce Linton would be stepping down and current CEO Mark Zekulin will become the only CEO running the company. This isn’t the first time a high-profile cannabis company’s CEO has stepped down. Earlier this year, Vic Neufeld also left his position at Aphria […]

    By Market Realist
  • Cannabis

    How ScottsMiracle-Gro Is Shaping Up after the Cannabis Boom

    SMG’s performance Almost a year ago, ScottsMiracle-Gro (SMG) was one of the hottest cannabis stocks, with many investors hoping for windfall gains. However, things didn’t go as they may have liked. ScottsMiracle-Gro stock fell 36% last year, while other cannabis stocks delivered healthy returns. For example, Canopy Growth (WEED)(CGC) rose ~23%, and Cronos Group (CRON) rose ~33%. However, it’s […]

    By Market Realist
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    Cannabis

    Constellation Brands Stock Soars on Q1 Earnings Results

    Q1 results beat expectations Constellation Brands (STZ) surged 5.6% as of 2:31 PM today after the company crushed analysts’ earnings forecasts for the first quarter of fiscal 2020, which ended on May 31. Constellation Brands’ adjusted EPS of $2.21 in the first quarter significantly exceeded analysts’ estimate of $2.04. The company’s first-quarter adjusted EPS grew […]

    By Market Realist
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    Cannabis

    Canopy Growth’s US Ambition With Acreage Holdings

    Canopy Growth’s US ambitions Canopy Growth (WEED) (CGC) entered into an agreement to acquire Acreage Holdings. The agreement is contingent on the US legalizing marijuana. Acreage Holdings (ACRGF) will accelerate Canopy Growth’s expansion in the US. In Acreage Holdings’ earnings call on May 29, the company said that it’s the largest cannabis company in the US. Acreage Holdings is present in […]

    By Market Realist
  • Cannabis

    Cannabis Industry: What’s the Next Phase?

    Next phase Initially, when recreational cannabis was getting closer to legalization, companies rushed to develop large indoor and outdoor extraction and cultivation facilities. As a result, several companies have developed large supply capabilities for cannabis. As the cannabis industry begins to mature, cannabis producers are shifting to more complex cannabis-infused products. Cannabis-infused beverages use extracts derived […]

    By Market Realist
  • Cannabis

    Canopy Growth’s Consensus Price Target Falls after Its Q4 Release

    Analysts’ view After Canopy Growth’s (WEED) (CGC) fiscal 2019 fourth-quarter earnings release, its consensus price target trended lower as analysts adjusted their expectations on the back of its earnings results. Price target lowered A total of 20 analysts were covering the stock in June compared to 18 in the previous month. After the company’s earnings release, […]

    By Market Realist
  • Cannabis

    Looking Ahead in the Wake of Canopy Growth’s Q4 Results

    Earnings recap Canopy Growth (WEED) (CGC), which reported its fiscal 2019 fourth-quarter earnings results on June 20, largely disappointed the market, which led to a sell-off in its stock on June 21, when it fell nearly 7.6%. In the quarter, Canopy Growth’s sales rose nearly 13% sequentially, while its sales grew almost 191% year-over-year. [stock_market_widget type=”leaderboard” […]

    By Market Realist
  • Cannabis

    Canopy Growth Sheds Light on International Medical Development

    Canopy Growth Cannabis companies’ biggest push after recreational cannabis in Canada will come in the form of medical cannabis in international markets. Canopy Growth (WEED) (CGC), which reported its earnings on June 20, discussed some of its initiatives in international markets on the medical front. On June 21, Canopy Growth fell 8% when the market opened. Cannabis sales […]

    By Market Realist
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    Cannabis

    Canopy Growth Increased Cannabis Prices in the Fourth Quarter

    Average selling prices rise The price at which cannabis companies would sell to recreational customers was highly debated. Some were concerned that the commodity nature of cannabis would put significant downward pressure on the selling prices for the companies. Recreational Canopy Growth (WEED) (CGC) was able to increase its selling prices to recreational customers during the […]

    By Market Realist
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    Cannabis

    Cannabis Stocks: Do CTST, HEXO, and IIPR Look Cheap?

    CannTrust’s Valuations In June, CannTrust (CTST) was almost flat. In contrast, the company fell by double digits in the previous three months. The cannabis industry experienced an overall weakness. CannTrust was trading at a forward EV-to-EBITDA multiple of 15x, which was at a discount to the peer median of 19x and its historical average of 20x. […]

    By Market Realist
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    Cannabis

    Why Charlotte’s Web Holdings Stock Is on Fire

    Charlotte’s Web Holdings Charlotte’s Web Holdings (CWBHF)(CWEB) is trading sharply higher today. The stock has been on fire this week and has gained more than 20% so far. Charlotte’s Web saw a selling spree in May, when it lost almost 30% of its market cap. Let’s take a look at what’s driving the stock higher today. Growth Today, […]

    By Market Realist
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    Cannabis

    Canopy Growth’s 4Q Earnings: What Can Investors Expect?

    Earnings date On June 20, Canopy Growth (WEED) (CGC) is scheduled to announce its fourth-quarter and fiscal 2019 earnings after the market closes. With Canopy Growth being one of the most followed cannabis stocks, investors are waiting for the upcoming report. Besides the fourth-quarter earnings, management’s guidance will be equally important. The guidance will likely set the […]

    By Market Realist
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    Cannabis

    Analyzing Charlotte’s Web Holdings’ Valuation after the Fall

    Charlotte’s Web Holdings Charlotte’s Web Holdings stock (CWBHF) lost 4.4% last week even as the cannabis space closed with gains. The stock also just fell more than 30% in May. The broader markets, as well as cannabis plays, came under pressure last month amid escalations in the US-China trade war. However, while markets rebounded last week, Charlotte’s Web […]

    By Market Realist
  • Cannabis

    Why Has Tilray Surged Today?

    Tilray surges Tilray (TLRY) stock has surged today, rising 11.3% as of 11:00 AM Eastern Time. The surge came after the company announced it has signed a letter of intent with one of its shareholders, Privateer, to extend a lockup on Privateer stock. The move prevents Privateer’s ~75 million shares from flooding the market. Instead, Privateer stock will […]

    By Market Realist
  • Cannabis

    Is Tilray Still Looking Expensive after Its Earnings?

    Tilray Tilray (TLRY) has exhibited extended weakness for the most part of this year, and the trend did not reverse even after the company reported its earnings. Needless to say, investors were unimpressed with earnings, and the stock saw a sell-off in the following days after it reported earnings on May 14. The ETFMG Alternative […]

    By Market Realist
  • Cannabis

    Tilray: Big Price Cut after Its Q1 Earnings

    Tilray’s rating change Tilray (TLRY) reported its first-quarter earnings on May 14. After the earnings, the stock didn’t move. Investors seemed to be disappointed with the earnings. While the company reported better-than-expected earnings, it missed the bottom line with a wider-than-expected loss during the first quarter. After the earnings, the stock saw a big cut in […]

    By Market Realist
  • uploads///TJX EPS
    Cannabis

    Tilray and Cronos Group: Jefferies’ Target Price Update

    Analysts’ ratings Early on May 3, Jefferies provided updated ratings for some of the major cannabis stocks. Tilray (TLRY) was upgraded to a “hold” from “underperform.” Tilray has experienced a significant sell-off since the beginning of 2019. There are concerns that the stock’s valuations were too rich. The stock rose ~1% when the market opened. Sign up for Bagels & Stox, our […]

    By Market Realist
  • Cannabis

    Curaleaf’s Revenues: Analysts’ Expectations in 2019

    Fourth-quarter revenues Before we discuss analysts’ 2019 estimates, we’ll look at Curaleaf Holdings’ (CURA) (CURLF) fourth-quarter performance. The company posted its earnings on March 20. For the quarter ending on December 31, Curaleaf posted revenues of $32.0 million—49.6% growth from $21.4 million in the third quarter of 2018. The company’s revenues rose 408.9% year-over-year. The revenue growth was […]

    By Market Realist
  • uploads///SJM EPS
    Cannabis

    Curaleaf Signs Definitive Agreement to Acquire Acres Cannabis

    The announcement Today, Curaleaf Holdings (CURA)(CURLF) announced that it had signed a definitive agreement to acquire Acres Cannabis for $70 million in a cash and stock transaction. Currently, Acres operates 269,000 square feet of cultivation facilities and a cannabis dispensary in Las Vegas, Nevada. The acquisition will add a 42,000-square-foot climate-controlled greenhouse cultivation platform and 227,000 […]

    By Market Realist
  • Cannabis

    Aurora Cannabis Provided a Retail Update

    Retail update Early on March 7, Aurora Cannabis (ACB) provided a retail update through its investment in Choom Holdings. In the press release, Aurora Cannabis stated that Choom has completed ~17 retail locations in Western Canada. Choom has eight more retail locations in the construction pipeline. Market demand size Ontario, which is a big market for cannabis […]

    By Market Realist
  • Cannabis

    Martha Stewart Gives Cannabis Stocks a Tailwind

    Cannabis stocks rise Just as we were set to close the month, the cannabis sector got a tailwind with news of US icon Martha Stewart partnering with cannabis giant Canopy Growth (WEED)(CGC). [stock_market_widget type=”leaderboard” template=”basic” color=”default” assets=”CGC” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”blue” assets=”CGC” range=”1y” interval=”1d” axes=”true” cursor=”true” api=”yf”] The Horizons Marijuana Life Sciences ETF (HMMJ) […]

    By Market Realist
  • Cannabis

    Jefferies Echoes Cramer’s Views on the Cannabis Beverage Market

    Recurring theme Jim Cramer has mentioned that alcoholic beverage companies are at risk due to growth in the cannabis sector (MJ). Jefferies echoed Cramer’s view On February 25, another investment firm initiated its coverage on cannabis stocks including Aurora Cannabis (ACB), CannTrust, Canopy Growth (WEED), Green Organic Dutchmen (TGODF), and Emerald Health (EMHTF). Jefferies stated that existing […]

    By Market Realist
  • uploads///Organigram Analysts NTM Recommendations and Targets
    Cannabis

    OrganiGram’s Analysts Price Target and Recommendation in February

    OrganiGram Last month, OrganiGram (OGRMF) reported its first-quarter earnings for the quarter ending November 30. The earnings were received well and exceeded investors’ expectations. The company reported revenue growth of about 500% year-over-year due to the recreational cannabis sales. Since the company reported its earnings on February 28, its stock has risen nearly 11%. Let’s look […]

    By Market Realist
  • Cannabis

    Curaleaf Holdings’ Valuation following Its Q3 Results

    Curaleaf Holdings’ valuation In this article, we’ll discuss Curaleaf Holdings’ (CURLF) valuation as of November 27 and its comparison with its peers, including WeedMD (WDDMF), Trulieve (TCNNF), and Maricann (MRRCF). The chart above compares Curaleaf Holdings’ valuation multiples with those of its peers. Let’s explore the valuation multiples and market caps of Curaleaf and a […]

    By Market Realist
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