Tag: cannabis news

As Cannabis 2.0 approaches, many cannabis players have shifted their focus from vapes to edibles in light of the recent vaping-related deaths.

As of Thursday, Canopy Growth has lost 10.5% of its stock value in October. As of the same day, the company has lost 25.8% of its stock value YTD.

At 1:30 PM ET, the S&P 500 Index and the Dow Jones Industrial Average were up 0.5% and 0.4%, respectively. However, the cannabis sector was down.

Aurora Cannabis has been investing to acquire and form strategic partnerships with hemp-related businesses. The company acquired Hempco Food and Fiber.

The US markets rose on optimism surrounding US-China trade talks. However, weakness in the cannabis sector led the cannabis ETFs trading in the red.

With more countries now warming up to cannabis, let’s look at how Mexico is shaping up in terms of cannabis legalization.

At 1:40 PM ET, the S&P 500 and the Dow Jones Industrial Average were up 0.2% and 0.3%, respectively. However, cannabis ETFs were trading in the red.

As of October 4, Aurora Cannabis was trading at a forward EV-to-EBITDA multiple of 33.05x compared to 68.8x at the beginning of September.

At 1:10 PM on October 4, the S&P 500 and the Dow Jones Industrial Average were both up 0.9%. Cannabis ETFs followed suit.

On October 3, Aurora Cannabis provided an update on its operations and the progress of its various construction facilities, raising investors’ confidence.