KushCo Holdings

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

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

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.

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.

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.

Innovative Industrial Properties (IIPR) is scheduled to release its Q3 earnings results on November 6. Find out what cannabis investors can expect.

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.

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

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

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 became the most recent state in the US to legalize recreational marijuana this week.

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’ 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.

The overall cannabis sector was off to a weak start this 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.

The cannabis sector has been trading broadly flat ahead of the first-quarter earnings season.

HEXO (HEXO) has emerged as one of the cannabis sector’s best performers this year, returning ~123%.

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.

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.

Cannabis stocks have recently experienced weakness amid concerns surrounding a global slowdown and companies missing their earnings expectations.

Cannabis stocks continued to fall on April 11, with major companies Canopy Growth, Tilray, and Aurora Cannabis among the top losers.

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.

The broader cannabis sector has traded largely in the negative so far on April 8 as investors have continued to be bearish.

The first hurdle the STATES Act has to overcome is Senate Majority Leader Mitch McConnell.

Not all of the cannabis companies experienced a loss on April 2. Tilray (TLRY) rose ~1.6% around the middle of the day.

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

Canopy Growth (WEED) (CGC) announced early this morning that it made a processing and extraction agreement with HollyWeed North Cannabis.

GMP Securities, which previously had a “hold” rating on Aurora Cannabis (ACB), upgraded the company to a “buy” on March 13.

On March 13, during the first half of the day, the overall cannabis sector traded higher.

In this article, we’ll discuss valuation multiple updates for other cannabis stocks that have gained investors’ attention lately.

In February, analysts’ consensus recommendation for Innovative Industrial Properties was a “strong buy.”

Green Thumb Industries (GTBIF) was one of the few cannabis companies (MJ) that received a coverage initiation from Seaport Global.

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

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.

In the first quarter of fiscal 2019, KushCo’s revenues rose 186.2% YoY (year-over-year) and 26% sequentially to $25.3 million.