Adam Jones has been writing for Market Realist since 2014. He currently covers the cannabis sector. He has also covered the agricultural fertilizer and restaurant sectors in the past.
Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.
Tilray (TLRY) shared its strategy to capture the cannabis vape market, which will include breaking down vaping products into three subcategories.
Canopy Growth's ex-CEO, Bruce Linton, increased his investment in the company. Linton stated that he's still positive about the company's future.
Canopy Growth admitted that the losses were due to upfront capital investments in Canada and Europe. The investments were made to "generate future value."
Canopy Growth (WEED)(CGC) reported its earnings after the market closed on August 14, and the stock plunged as a result. What went wrong?
Acreage Holdings reported its second-quarter earnings results on August 13. The company reported stellar revenue growth of $17.7 million.
Tilray stock has been gaining momentum ahead of its second-quarter earnings results, with a 2.5% gain so far today.
Generally speaking, the cannabis sector's valuations have taken a hit due to weak earnings. Recently, Aphria (APHA) posted better-than-expected earnings.
Early on Monday, CannTrust (CTST) fell almost 26.8%. The development came after Health Canada found more areas that didn't comply with regulations.
Last week, the FDA asked four companies to remove 44 products. The products didn't receive the necessary marketing authorization.