For the second quarter of fiscal 2020, analysts expect Hexo's revenue to grow 25.5% YoY (year-over-year) to 16.8 million Canadian dollars.
Analysts expect Cresco Labs to report revenues of $45.3 million in the fourth quarter to take the total revenue for 2019 to $131.9 million.
On Monday, Russell Stanley of Beacon Securities reiterated his "buy" rating for Curaleaf Holdings. He gave a target price of 25 Canadian dollars.
Marijuana is legal in Vermont for medical and recreational use. However, there are some limitations. The state doesn't allow marijuana sales yet.
Yesterday, Aphria announced that it received GMP (Good Manufacturing Practices) certification from the EU for its subsidiary Avanti Rx Analytics.
Marijuana for adult-use is illegal in Missouri. The residents have stepped up to get recreational marijuana legalization on the November 2020 ballot.
On Monday, Jefferies reduced the target price for Aphria stock to 10.3 Canadian dollars from 11 Canadian dollars. Why is Jefferies bearish?
Although 2019 was tough for Charlotte’s Web Holdings, it has made a significant recovery this year. The stock has increased by 14.8% YTD as of Monday.
As of Monday, OrganiGram Holdings (OGI) was trading at 4.21 Canadian dollars—a rise of 49.8% since reporting its first-quarter earnings on January 14.