Tag: Cannabis

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

CNN reported that heavyweight champion Mike Tyson said they smoke 10 tons of weed, worth about $40,000, at his California marijuana ranch per month.

Generally speaking, the cannabis sector's valuations have taken a hit due to weak earnings. Recently, Aphria (APHA) posted better-than-expected earnings.

Last week, the FDA asked four companies to remove 44 products. The products didn't receive the necessary marketing authorization.

CannTrust (CTST), a popular name in the cannabis sector, has been falling on Friday. The stock has fallen 6.2% as of 10:51 AM ET.

Innovative Industrial Properties (IIPR) reported strong earnings results yesterday for the second quarter of 2019. Here's what drove the results.

Cronos Group (CRON), Innovative Industrial Properties (IIPR), and Aphria's (APHA) recent earnings are moving cannabis stocks.

Analysts project that Aphria (APHA) will report revenue of $695.3 million in fiscal 2020, up 193% from the company's fiscal 2019 revenue.

Scotts Miracle-Gro (SMG) stock surged 14% in July. After SMG reported stellar Q3 earnings on July 31, its stock rose 8.6% after the results.

Cronos Group reported its second-quarter earnings results today. For the quarter, the company reported revenue of 10.24 million Canadian dollars.