Cannabis Investing News
Denmark attracts major Canadian cannabis investments
14th October 2019
Nine months ago, the Danish pharma specialist NNE sowed a seed – a team providing strategic business consulting on growing, producing and distributing medical cannabis. While greenhouses with tomatoes and mushrooms are transforming into growth centres for cannabis in the Danish countryside, disruption is taking place in the Copenhagen Metropolitan Area, where pharma specialist NNE is located. Read More
The Green Organic Dutchman (TSX:TGOD) Stock Lost 40% Last Week
October 14, 2019
Cannabis stocks continued to bleed in last week. While Horizons Marijuana Life Sciences ETF fell 14% last week, top cannabis stocks such as Aurora Cannabis and Canopy Growth were down 16.8% and 15.9%, respectively. Hexo and Aphria too declined by 38% and 13%, respectively. Comparatively, Green Organic Dutchman (TSX:TGOD) slumped close to 40% in the week ended on October 11, 2019. So, what has driven the stock lower? Read More
Canada's Cannabis Sector
Canada’s cannabis sector is dominated by five companies whose total market value has plunged from about $40 billion in September 2018 to roughly $17 billion as of Friday. The largest company is Canopy Growth Corp. , whose stock has declined more than 30% this year despite the backing of Corona brewer Constellation Brands Inc., which controls 38% of the company’s stock. Constellation, which made a $4 billion investment in Canopy in August last year, wrote down the value of the investment by $1.3 billion when it reported earnings earlier this month. On Thursday, Constellation’s finance chief was appointed Canopy’s board chairman.
“People are less than pleased with the results out of Canada recently,” said Glenn Mattson, an analyst at Ladenburg Thalmann. “They are unhappy with the lack of retail infrastructure, and the ability to build up that infrastructure.” Read More
Wall Street’s Marijuana Madness: ‘It’s Like the Internet in 1997’
Tilray, a startup with just $20 million in first-half revenue, was briefly worth $20 billion during a wild ride last week
Sept. 23, 2018
TORONTO—Shannon Soqui just quit his Wall Street job to go after what he thinks is a bigger business: selling marijuana the way Mary Kay Inc. sells cosmetics.
The 51-year-old banker wants to focus on Qind, his San Francisco startup that organizes home parties to sell cannabis products, to get a piece of what he says could sprout into a $100 billion annual business in the U.S. Read More