KushCo Holdings

Last week, the overall cannabis sector remained subdued. Sector ETFs, such as the Horizons Marijuana Life Sciences ETF (HMMJ), closed about 8.15% lower.

The cannabis industry has been on a rollercoaster ride this year. CannTrust, Tilray, and KushCo stocks have fallen more than 40% in 2019.

Marijuana products are top-rated among Americans. Illinois will see recreational marijuana products for sale on January 1.

Of the nine analysts covering KushCo Holdings (KSHB) stock, three analysts rate it as a “strong buy,” and six rate it as a “buy.”

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.

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 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 is expanding its CBD footprint by launching a hemp trading business. KushCo is promoting hemp trading with farmers and a verified buyer network.

The cannabis sector’s down despite strong broader-market performance. Between IIPR, Aurora, Canopy Growth, and KushCo, only this one stock is up today.

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.

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.

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.

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’ consensus target price has fallen from $8.40 on May 30 to $7.44 as of September 27. The decline shows analysts’ weaker sentiments.

Last week, ending on September 27, the cannabis sector was weighed down by the bears. Sector ETFs broadly ended the week in negative territory.

Today, President Trump announced that a US-China trade deal could happen earlier than expected. Equities were up, but cannabis stocks were mixed.

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.

On March 26, the House Committee passed the SAFE Banking Act of 2019 with a 45–15 majority.

The US cannabis industry is beginning to brew. More legislators are working to make cannabis a legal commodity at a federal level.