More From Sushree Mohanty
Why BigCommerce Increased Its IPO Price Range
BP Reports Major Q2 Loss, Halves Dividend
In BP's Q2 earnings release, the company reported major losses and halved its dividend for the first time in a decade. Let’s see why.
Dunkin’ Brands and Post to Launch Coffee-Flavored Cereal This Month
U.S. States With Legal Recreational Marijuana Use in 2020
REITs Provide Hassle-Free Real Estate Investing
Investment Radar — Top CBD Stocks to Watch
How to Invest in Cannabis
American Airlines Posts Bleak Q2 Earnings, Stock Gains Anyway
United Airlines’ Q2 Results Paint Bleak Outlook for Airlines
United Airlines reported its second-quarter results on July 21. The quarter hit airlines hard, and they suffered huge losses owing to almost-zero demand.
What Will Southwest Airlines’ Q2 Results Show?
Southwest Airlines is set to report its second-quarter earnings tomorrow. Southwest has been favored by analysts because of its strong balance sheet.
Alaska Airlines to Report Q2 Earnings, Cancels Layoffs
Alaska Airlines (NYSE:ALK) will likely report its second-quarter results on July 23 after the market opens. For now, the company will avoid pilot furloughs.
What to Expect from American Airlines’ Q2 Results
American Airlines (NASDAQ:AAL) will likely report its earnings for the second quarter of fiscal 2020 before the market opens on July 23.
Spirit Airlines Warns of Possible Furloughs
Spirit Airlines (NASDAQ:SAVE) is set to report its fiscal 2020 second-quarter results on July 23. Analysts expect losses and a decline in revenue from almost all airlines.
United Airlines Could Report Steep Losses in Q2
United Airlines (NYSE:UAL) will likely report its earnings for the second quarter of fiscal 2020 on Wednesday after the market opens.
Cannabis Stock: Why You Should Consider Green Thumb
Cannabis is in demand now amid the pandemic, and sales are rising. US marijuana companies have seen significant revenue gains.
Marijuana Legalization Proceeds in Montana amid COVID-19
New Approach Montana resumed its marijuana legalization campaign in May. The group submitted plenty of signatures and qualified for the November ballot.
Haywood Capital Markets Reduced OrganiGram’s Target Price
OrganiGram (NASDAQ:OGI) stock is trading higher before its third-quarter earnings. The stock closed with a gain of 3.9% at $1.58 on Wednesday.
Delta Air Lines Reports Wider-than-Expected Losses in Q2
Delta Air Lines’ adjusted revenue, excluding refinery sales, came in at $1.2 billion. The airline saw a capacity reduction of 85%.
Is Curaleaf a Good Cannabis Pick in 2020?
Curaleaf (OTCMKTS:CURLF) is one of the vertically integrated US cannabis companies. The company has been a top player in the US cannabis space.
Marijuana Legalization Still Has a Chance in Idaho
Marijuana legalization in Idaho had to bear the brunt of the coronavirus pandemic. The lockdown forced the state to suspend its medical marijuana campaign.
Will Delta Air Lines’ Losses Be Higher in Q2?
Delta Air Lines (NYSE:DAL) will likely report its financial results for the second quarter of fiscal 2020 on July 14 after the market opens.
Marijuana Legalization Hopes Rise in Nebraska for 2020
Marijuana legalization hopes never really ended in Nebraska. Signature gathering paused in the state amid the pandemic and the lockdown.
Illinois’ Cannabis Sales Soared in June: Which Stocks Will Benefit?
Cannabis sales have been soaring in all of the US states that classified it as an “essential item” amid the pandemic. Illinois has seen tremendous growth.
Arizona’s Marijuana Campaign Qualifies for November Ballot
Marijuana campaigns in most US states faced challenges gathering enough signatures amid the pandemic. However, Arizona got plenty of signatures.
KushCo Holdings Reported Lower Q3 Results, Stock Rose 10%
KushCo Holdings’ third-quarter net revenue was $22.3 million, which was much lower than analysts’ estimate of $31.1 million.
Constellation Still Believes in Canopy Growth, Should You?
Canopy Growth (NYSE:CGC) has always been a hot cannabis stock. The company’s deal with Constellation Brands (NYSE:STZ) makes the stock even more attractive.
What to Expect from KushCo Holdings’ Q3 Earnings
KushCo Holdings will likely report its third-quarter results on Wednesday. The company will have an earnings call before the market opens.
Innovative Industrial Properties Raises More Cash amid Crisis
On June 30, Innovative Industrial Properties announced its decision to raise additional capital of $225 million through a public offering of its common stock.
OrganiGram Lays Off 220 Employees, Delays Q3 Earnings
To survive amid the current COVID-19 crisis, OrganiGram (NASDAQ:OGI) announced restructuring changes including a 25% cut in its workforce.
Acreage Holdings: Analysts Weren’t Pleased after Disappointing Q1
Investors and analysts weren’t pleased with Acreage Holdings’ (OTCMKTS:ACRGF) results for the first quarter of 2020. The company posted another EBITDA loss.
What to Expect from Marijuana Stocks in July
OrganiGram will likely report its earnings for the third quarter of fiscal 2020 on July 13. We’ll have to see if marijuana stocks recover in July.
Airline Stocks Improved in June amid Easing Lockdowns
Most airline stocks reported gains in June. American Airlines and United Airlines (NYSE:UAL) saw their stocks rise by double-digits at 19.8% and 19.7%.
Goldman Sachs Upgraded Southwest Airlines to ‘Buy’
Southwest Airlines stands out due to its strong balance sheet. A Goldman Sachs analyst is bullish about the stock making a strong recovery.
Delta Air Lines Warns Pilots about Possible Furloughs
Delta Air Lines (NYSE:DAL) has been impacted by the COVID-19 pandemic. The company warned pilots about possible furloughs in the coming months.
Acreage Holdings Posts Disappointing Results in Q1 2020
Acreage Holdings’ first-quarter pro forma revenue grew 65% YoY (year-over-year) to $37.6 million. The revenue beat analysts’ estimates of $34.9 million.
Canopy Growth Revised Its Agreement with Acreage Holdings
Canopy Growth entered into an agreement with US-based cannabis company Acreage Holdings last year. However, the company announced some changes.
What to Expect from Supreme Cannabis in 2020
Supreme Cannabis’s third-quarter revenue was 9.7 million Canadian dollars—lower than 9.9 million Canadian dollars in the third quarter of 2019.
Aurora Cannabis’s Cost-Cutting Measures Made Analysts Bullish
Aurora Cannabis (NYSE:ACB) announced some business transformation plans on June 23. The plans included cost savings and margin improvement.
Could Acreage Holdings’ Q1 Earnings Boost Its Stock?
Acreage Holdings (OTCMKTS:ACRGF) will likely report its results for the first quarter of fiscal 2020 on Friday before the market opens.
Cannabis Market in Illinois Grows, Challenges Remain
The growth in Illinois’s cannabis market is evident from its record sales in May. The state sold adult-use cannabis worth $44.3 million in May.
JetBlue Airways Announces Growth Plans amid COVID-19 Crisis
On June 18, to support revenue recovery, JetBlue announced that it will add 30 domestic routes, especially in its leisure markets.
Marijuana Legalization Catches Federal Reserve Bank’s Attention
The spotlight is on marijuana legalization as the demand keeps surging. More states have stepped up to legalize either recreational or medical cannabis.
What’s United Airlines Doing to Survive the COVID-19 Crisis?
United Airlines (NYSE:UAL) has been suffering amid the COVID-19 pandemic. United’s heavy dependency on international and business travel is a challenge.
Marijuana Legalization in South Dakota Lies with Voters Now
Marijuana legalization in South Dakota could see daylight in 2020. The state passed measures to legalize both recreational and medical marijuana.
Why Does Jim Cramer Favor Southwest Airlines?
Southwest Airlines (NYSE:LUV) has been gearing up to give other airlines though competition. Air travel demand has been picking up again.
U.S. Virgin Islands’ Governor Supports Marijuana Legalization
While most businesses suffered amid COVID-19, marijuana saw a drastic rise in sales. Many states have been rethinking the benefits of marijuana legalization.
Will the Abacus Health Acquisition Benefit Charlotte’s Web?
On June 11, Charlotte’s Web announced that it completed the acquisition of Abacus Health. The company’s performance wasn’t strong in the first quarter.
Alaska Air Will Cut Jobs to Recover from COVID-19 Losses
Alaska Air (NYSE:ALK) is bearing the brunt of COVID-19 like other airlines. The airline sector got hit the hardest due to travel restrictions amid the pandemic.
American Airlines Expects to Burn Zero Cash by End of 2020
American Airlines (NASDAQ:AAL) stock rose 16.4% on June 12. The company announced that it expects to burn zero cash by the end of 2020.
Wall Street’s Expectations after Hexo’s Q3 Earnings
Hexo (TSE:HEXO) reported better-than-expected results for the third quarter of fiscal 2020 last week. The company repeatedly disappointed investors in 2019.
Hexo Beat the Revenue Estimates, Posted Q3 Loss
Hexo beat the revenue estimates of 19.9 million Canadian dollars. However, the company reported a quarterly EBITDA loss of 4.3 million Canadian dollars.
Why Stifel Canada Thinks Cresco Labs Is a ‘Buy’
Cresco Labs (OTMKTS:CRLBF) started fiscal 2020 on a good note with strong first-quarter results. The company had triple-digit revenue growth.
Marijuana Legalization Campaign in Arkansas Gets a Boost
US states have been looking at strategies to gather signatures and qualify for the 2020 ballot. The pandemic made gathering signatures a challenge.
Will Hexo’s Q3 Earnings Bring Positive News?
Hexo (TSE:HEXO) will likely report its results for the third quarter of fiscal 2020 on Thursday before the market opens. The stock has been struggling.
Marijuana Legalization: New Mexico Voters Show Support
In the 2020 New Mexico Democratic presidential primaries election on June 2, voters ousted most of the Senate candidates who opposed marijuana legalization.
Bermuda Seeks Public Feedback on Legal Cannabis Market
Bermuda wants to expand its legal cannabis market. The government wants public feedback before the upcoming Bermuda Parliament sessions.
Why Lorne Steinberg Thinks Hexo Is a Pass
Lorne Steinberg thinks that even after Hexo’s deal with Molson Coors, it still doesn’t look attractive. He would rather find value somewhere else.
Cresco Labs Receives Ohio Provisional Processing License
Cresco Labs (OTCMKTS:CRLBF) is trading 1.8% higher as of 9:44 AM ET today. The company received a provisional processing license by the state of Ohio.
Cannabis Market Has Good Potential in Illinois
The cannabis market in Illinois has been growing despite the COVID-19 pandemic. Illinois legalized recreational cannabis on January 1, 2020.
Marijuana Legalization Attempts in New York amid Protests
George Floyd’s death has led to mass protests in the US. Notably, social injustice was one of the main motives behind legalizing marijuana.
Canopy Growth: Why PI Financial Suggests a ‘Sell’
Canopy Growth dragged its stock down after its unimpressive end to fiscal 2020. The company missed the revenue estimates by a huge margin.
Cresco Labs: Analysts Revise 2020 Estimates after Earnings
Cresco Labs (OTCMKTS:CRLBF) is one of the US cannabis companies that has been consistently performing well despite the marijuana industry’s struggles.
MedMen Temporarily Closes Stores amid Protests
Amid the protests following George Floyd’s death in the US, MedMen temporarily closed all of its stores. The stock fell after the news.
Marijuana Legalization Might Bring Economic Relief in New Mexico
Governor Grisham thinks that marijuana is a good option to help New Mexico recover from the economic losses amid COVID-19.
Will Marijuana Stocks Continue to Surge in June?
May was an earnings month for many marijuana companies. Notably, US companies showed better revenue growth than their Canadian peers.
Cresco Labs’ Q1 Earnings: Dazzling Growth amid COVID-19
Cresco Labs reported its results for the first quarter of fiscal 2020 on May 28. The stock declined 4.2% and closed at $4.8 on the OTC markets yesterday.
Did MedMen’s Q3 Earnings Start a Path to Recovery?
MedMen released its results for the third quarter of fiscal 2020 on May 27. The stock declined 4.0% and closed at $0.35 on the OTC markets.
Canopy Growth Might Impress Investors with Its Q4 Earnings
Canopy Growth (NYSE:CGC)(TSE:WEED) will likely report its results for the fourth quarter of fiscal 2020 on May 29 before the market opens.
Cresco Labs Announces Expansion in Ohio before Q1 Earnings
Cresco Labs (OTCMKTS:CRLBF) will likely report its financial results for the first quarter of fiscal 2020 on May 28 after the market closes.
Will MedMen’s Q3 2020 Earnings Be a Relief?
MedMen Enterprises (OTCMKTS:MMNFF) is scheduled to report its financial results for the third quarter of fiscal 2020 on May 27 after the market closes.
Canopy Growth: BofA Is Bullish before Its Q4 Earnings
While other cannabis companies have been struggling to stay afloat, Canopy Growth launched the second wave of Cannabis 2.0 products.
Marijuana Industry: Opportunities in California amid COVID-19
Marijuana is an old but growing market in California. Notably, California became the first state to legalize medical marijuana in 1996.
Marijuana Campaigns Continue in Nebraska and Montana
Nebraska needs to collect 130,000 valid signatures from registered voters by July 8 to qualify recreational marijuana legalization for the November 2020 ballot.
Could Certain Marijuana Strains Help Fight COVID-19?
The cannabis industry is doing its own research amid COVID-19. Researchers discovered that marijuana might have properties to fight the coronavirus.
Marijuana Legalization: Democrats and Republicans’ Opposing Views
Democrats and Republicans have always had opposing views about marijuana legalization. Republicans could gain voters if they support legalization.
Canopy Growth: New Cannabis 2.0 Products amid COVID-19
Canopy Growth (NYSE:CGC)(TSE:WEED) still has investors’ attention despite all that the marijuana industry has gone through.
What Do Analysts Think about Tilray after Its Q1 Results?
Tilray (NASDAQ:TLRY) posted its first-quarter earnings on May 11. The revenue growth was impressive in the first quarter.
Hexo Receives NYSE Warning for Listing, Clock Is Ticking
On April 7, the NYSE sent a listing notification to Hexo. The warning said that the stock fell below the NYSE’s $1.00 share price continued listing standard.
Why Aurora Cannabis Stock Surged 68% on May 15
Aurora Cannabis (NYSE:ACB) reported its third-quarter results on May 14. The earnings report was a surprise for most analysts and investors.
Green Thumb Industries Had a Good Start to Fiscal 2020
Green Thumb Industries reported impressive results for the first quarter of fiscal 2020 on Thursday after the market closed.
Could Marijuana Legalization Help Texas Recover Its Losses?
Texas has suffered huge economic losses. Many industry experts think that marijuana legalization could be a good option to revive the state’s economy.
Aurora Cannabis: Q3 Revenue Beat the Estimates
Aurora Cannabis saw less of an impact from COVID-19 in the third quarter. Cannabis is an essential item amid the pandemic.
Marijuana: Banking Access Included in Coronavirus Relief Bill
Marijuana companies in the US have been struggling to get financial and banking access. Cannabis still isn’t legal at the federal level.
New Cannabis Store Opens before Green Thumb’s Q1 Earnings
Green Thumb Industries (OTCMKTS:GTBIF) will likely report its results for the first quarter of fiscal 2020 on May 14 after the market closes.
Cronos: Analysts Cut Target Price, Raymond James Still Bullish
Cronos Group (NASDAQ:CRON) reported its results for the first quarter of fiscal 2020 on May 8. The revenue growth was stronger.
Aurora Cannabis to Report Q3 Earnings, Stock Falls after Split
Aurora Cannabis (NYSE:ACB) announced a reverse stock split in April. The stock split happened on Monday and the stock took a hit.
Cronos Group’s Q1 Revenue Driven by Higher Marijuana Sales
Cronos Group (NASDAQ:CRON) reported its results for the first quarter of fiscal 2020 on May 8. The revenue improved from the fourth quarter of fiscal 2019.
JetBlue Airways Reports Q1 Earnings, Discusses 2020 Outlook
JetBlue Airways (NASDAQ:JBLU) reported its results for the first quarter of fiscal 2020 on May 7. So far, 2020 has been bad for the airline industry.
Marijuana Legalization: New Zealand Has a Final Proposal
In New Zealand, marijuana legalization’s fate depends on the September general elections. The country has a final bill to put on the ballot.
Spirit Airlines Reports Q1 Losses, Plans to Cut Costs
Spirit Airlines (NASDAQ:SAVE) reported its results for the first quarter of fiscal 2020 on Thursday. The company’s first-quarter revenue missed the estimates.
Massachusetts Wants to Help Cannabis Businesses amid COVID-19
Massachusetts made medical cannabis essential amid the COVID-19 pandemic. However, recreational cannabis dispensaries had to shut down.
What to Expect from Spirit Airlines’ Q1 Results
Spirit Airlines (NASDAQ:SAVE) will likely report its results for the first quarter of fiscal 2020 on May 7 when the market opens.
JetBlue Airways’ Q1 Earnings: Losses Could Rise in 2020
JetBlue Airways (NASDAQ:JBLU) will likely report its results for the first quarter of fiscal 2020 on May 7 after the market opens.
Raymond James Downgraded Cronos before Its Q1 Earnings
Cronos Group (NASDAQ:CRON) will likely report its results for the first quarter of fiscal 2020 on May 8 before the market opens.
Marijuana Legalization in Nebraska Has a New Strategy
Marijuana campaigns have struggled to gather signatures amid the coronavirus pandemic. However, there’s still some hope in Nebraska.
United Airlines Reports Q1 Losses, Buffett Drops Airline Stocks
United Airlines fell by 14.7% on May 1. The airline mentioned in its preliminary results that it would report a loss close to $2 billion.
Marijuana Investors: Forecast in May amid COVID-19
We still don’t know how COVID-19 will impact marijuana companies. Their sales will likely keep rising in May if lockdowns and stay-at-home orders continue.
American Airlines’ Q1 Earnings and Cost Initiatives for 2020
On Thursday, American Airlines reported its results for the first quarter of fiscal 2020. The company reported lower revenues and higher losses.
Boeing’s Q1 Losses Trigger Job Cuts amid COVID-19
Boeing (NYSE:BA) reported its results for the first quarter of fiscal 2020 on April 29. The results were impacted by COVID-19 and the MAX grounding.
United Airlines Q1 Losses Depict a Rough Start to 2020
United Airlines will likely report its results for the first quarter of fiscal 2020 on May 1. The company expects to report a loss of $2.1 billion.