What Analysts Think about KushCo Holdings in Q1 2020
Of the nine analysts covering KushCo Holdings (KSHB) stock, three analysts rate it as a “strong buy,” and six rate it as a “buy.”
New Year Will Bring Legal Marijuana to Illinois Residents
Marijuana products are top-rated among Americans. Illinois will see recreational marijuana products for sale on January 1.
Cannabis Update: GTII, KSHB, IIPR, and CTST
Today, the cannabis sector was trading in the red, with multiple ETFs losing ground. Here, we’ll have a look at cannabis stocks that are in the news today.
Cannabis Is Up Today: The Latest from CGC and Its Peers
The cannabis sector is in the green today. At 12:58 PM ET, the ETFMG Alternative Harvest ETF and Horizons Marijuana Life Sciences Index ETF were up 0.8%.
KushCo: 6 Analysts Say “Buy,” Price Target Shrinks
KushCo Holdings (KSHB) recently announced its fourth-quarter and full-year financial results. The company reported impressive results, beating analyst estimates. The company’s stock is trading in the same line since the day of the earnings release. Currently, the stock is trading at $1.83 as of November 21. KushCo financial highlights KushCo analysts reported $47 million in […]
KushCo Launches New Hemp Trading Business
KushCo is expanding its CBD footprint by launching a hemp trading business. KushCo is promoting hemp trading with farmers and a verified buyer network.
IIPR, ACB, WEED, KSHB: Which Cannabis Stock Is Up?
The cannabis sector’s down despite strong broader-market performance. Between IIPR, Aurora, Canopy Growth, and KushCo, only this one stock is up today.
Canopy Growth and Cronos Group’s Earnings Next Week
Canopy Growth (CGC) (WEED) and Cronos Group (CRON) are set to release their earnings next week. The cannabis sector has been on a roller coaster this year.
Will IIPR Still Be an Investor Favorite Post Q3 Earnings?
Innovative Industrial Properties (IIPR) is set to report its third-quarter results tomorrow. IIPR stock, up 67.2% year-to-date, has been investor favorite.
What to Expect from IIPR’s Earnings for Q3
Innovative Industrial Properties (IIPR) is scheduled to release its Q3 earnings results on November 6. Find out what cannabis investors can expect.
Cannabis Stocks in the Green alongside S&P 500
Investors’ optimism about a US–China trade deal helped the market trade in the green today—and cannabis stocks are also trending higher. Here’s why.
Cannabis Sector: Week Ended October 24 in Review
The cannabis sector saw a small rally in the week that ended on October 24. The ETFMG Alternative Harvest ETF (MJ) rose 1.94% in the week.
Cannabis Sector: The Week in Review for October 3
The cannabis sector was trading in the red for the week ended October 3. The sector’s ETFs broadly ended the week in negative territory.
Cannabis Roundup: WEED, KSHB, GTBIF, and ACB
On October 1, the US markets were trading in the red due to weak manufacturing data. The cannabis sector also suffered from the weak manufacturing data.
KushCo Holdings: Analysts’ Target Price and Ratings
KushCo Holdings’ consensus target price has fallen from $8.40 on May 30 to $7.44 as of September 27. The decline shows analysts’ weaker sentiments.
Cannabis Sector: A Week in Review for September 27
Last week, ending on September 27, the cannabis sector was weighed down by the bears. Sector ETFs broadly ended the week in negative territory.
Cannabis Roundup: KSHB, WEED, CTST, and CURA
Today, President Trump announced that a US-China trade deal could happen earlier than expected. Equities were up, but cannabis stocks were mixed.
Which Cannabis Stocks Have Lost More than 40% in 2019?
The cannabis industry has been on a rollercoaster ride this year. CannTrust, Tilray, and KushCo stocks have fallen more than 40% in 2019.
Cannabis Sector: A Week in Review for Sept 20
Last week, the overall cannabis sector remained subdued. Sector ETFs, such as the Horizons Marijuana Life Sciences ETF (HMMJ), closed about 8.15% lower.
Canopy Growth Falls to Its Lowest Point in 2019
Today, Canopy Growth (WEED) (CGC) stock saw its lowest point in 2019. The stock opened at $28.3 but fell to $26.5 in the afternoon.
Illinois Is Most Recent State to Legalize Recreational Marijuana
Illinois became the most recent state in the US to legalize recreational marijuana this week.
KushCo Holdings: Analysts’ Ratings and Target Price in June
On June 25, KushCo Holdings (KSHB) rose ~5%. So far, the stock has delivered a positive return in June. KushCo Holdings has gained as much as 4.2%.
Innovative Industrial Properties Has a High Valuation
Innovative Industrial Properties’ forward EV-to-sales multiple increased to 20.8x in June. The stock was trading at a significant premium to the peer median of 5.8x.
Cannabis Stocks Fell despite Biden’s Support of Legalization
The overall cannabis sector was off to a weak start this week.
How Did Cannabis Stocks Perform Last Week?
Tilray (TLRY) stock fell as much as 5.5% last week, while Supreme Cannabis (SPRWF) fell ~4.4% in the week ending May 3.
APHA, CTST, and CRON Continue to Weaken on May 1
The cannabis sector has been trading broadly flat ahead of the first-quarter earnings season.
A Closer Look at HEXO’s Valuation
HEXO (HEXO) has emerged as one of the cannabis sector’s best performers this year, returning ~123%.
These Cannabis Stocks Rose amid Sector Weakness
While the overall cannabis sector experienced weakness on April 23, some stocks managed to gain some positive momentum in the first half of the day.
Checking Up on TLRY, IIPR, APHA, and Other Cannabis Stocks
On April 17, Tilray (TLRY) remained muted, with the stock almost flat as of noon. The stock remained depressed as the overall cannabis industry has slumped in April.
APHA, CTST, KSHB, and HEXO Gain to Break Their Losing Streaks
Cannabis stocks have recently experienced weakness amid concerns surrounding a global slowdown and companies missing their earnings expectations.
IIPR, KSHB, HEXO, and APHA Bleed on April 11
Cannabis stocks continued to fall on April 11, with major companies Canopy Growth, Tilray, and Aurora Cannabis among the top losers.
These Cannabis Stocks Are Trading at a Discount to Peers
KushCo Holdings (KSHB) and Green Thumb Industries (GTBIF) were both trading at a discount to the peer median at 2.6x and 3.9x, respectively.
SLNG, IIPR, and CTST Gain amid Sector Weakness
The broader cannabis sector has traded largely in the negative so far on April 8 as investors have continued to be bearish.
Will Trump Sign Cannabis-Related STATES Act?
The first hurdle the STATES Act has to overcome is Senate Majority Leader Mitch McConnell.
Tilray and Green Thumb Gain amid Broader Market Weakness
Not all of the cannabis companies experienced a loss on April 2. Tilray (TLRY) rose ~1.6% around the middle of the day.
Cannabis Update: Will the SAFE Banking Act Become Law?
On March 26, the House Committee passed the SAFE Banking Act of 2019 with a 45–15 majority.
Canopy Growth Held Its Gains on March 20 amid Sector Decline
Canopy Growth (WEED) (CGC) announced early this morning that it made a processing and extraction agreement with HollyWeed North Cannabis.
GMP Securities Upgrades Aurora Cannabis to a ‘Buy’
GMP Securities, which previously had a “hold” rating on Aurora Cannabis (ACB), upgraded the company to a “buy” on March 13.
Cannabis Roundup: ACB, HEXO, and CTST Lead the Pack
On March 13, during the first half of the day, the overall cannabis sector traded higher.
March Valuation Update for CTST, HEXO, KSHB, and Others
In this article, we’ll discuss valuation multiple updates for other cannabis stocks that have gained investors’ attention lately.
Innovative Industrial Properties: Analysts’ Recommendations
In February, analysts’ consensus recommendation for Innovative Industrial Properties was a “strong buy.”
Green Thumb Industries: Analysts’ Recommendations
Green Thumb Industries (GTBIF) was one of the few cannabis companies (MJ) that received a coverage initiation from Seaport Global.
Analysts’ Ratings for KSHB, IIPR, and Green Thumb Industries
The US cannabis industry is beginning to brew. More legislators are working to make cannabis a legal commodity at a federal level.
Innovative Industrial Properties’ Stock Grew ~10% Last Week
On January 25, Innovative Industrial Properties (IIPR) stock price closed at $59.94, ~3.52% higher than its closing price of $57.90 on January 24 and ~10% higher compared than its closing price of $54.32 on January 18.
KushCo’s Revenues Rose 186% in Q1 2019
In the first quarter of fiscal 2019, KushCo’s revenues rose 186.2% YoY (year-over-year) and 26% sequentially to $25.3 million.