Markets

Aurora Cannabis rockets 94% as projected Biden victory further boosts pot stocks

Aurora Cannabis launched as much as 94% higher on Friday after former Vice President Joe Biden was projected to win the 2020 US presidential election. Democrats have previously said they aim to decriminalize marijuana at the federal level should a Biden administration materialise. Other Canadian pot producers including Tilray, Aphria, […]
Aurora Cannabis rockets 94% as projected Biden victory further boosts pot stocks
Markets

These were the 10 most popular stocks on Robinhood in the month of May

Robinhood, the zero-commission brokerage platform that is popular with millenials, has seen a surge in trading volume as the market entered a volatile period due to the coronavirus pandemic. Robintrack is a platform that uses data from Robinhood’s API to track how many of its users own a particular stock […]
These were the 10 most popular stocks on Robinhood in the month of May
Markets

Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.

Short-sellers betting against the cannabis sector have made $US993 million in mark-to-market gains year-to-date, according to a Wednesday note from financial-analytics provider S3 Partners. Those gains come even after solid sector performance erased $US132 million from short-seller profit in December on the 20 stocks that were most shorted, according to […]
Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.
Markets

Aurora Cannabis tumbles double digits after saying it won’t turn a profit until next year as weed-industry earnings flag

Aurora Cannabis sank as much as 11% on Thursday after missing analyst earnings estimates and pushing its profitability target to fiscal 2020. The company’s disappointing fiscal fourth-quarter figures mirror other cannabis companies. Canadian peer Canopy Growth missed quarterly expectations in August, with revenue falling under the lowest analyst estimate. Aurora […]
Aurora Cannabis tumbles double digits after saying it won’t turn a profit until next year as weed-industry earnings flag
Markets

Billionaire Nelson Peltz is getting into the cannabis business

The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser. Peltz is the CEO and a founding partner of Trian Fund Management. He has served as the CEO and chairman of Triarc Companies, which owned Arby’s and Snapple, and has been on several company boards. Aurora Cannabis shares […]
Billionaire Nelson Peltz is getting into the cannabis business
Markets

The marijuana producer Aurora Cannabis jumps after posting huge growth

Aurora Cannabis reported first-quarter results on Monday. The marijuana grower generated $US29.7 million revenue, up 260% year-over-year. Aurora earned $US104.2 million, up 2,826% versus a year ago. Watch Aurora Cannabis trade live. The marijuana producer Aurora Cannabis jumped 4% early Monday after posting first-quarter results. Here are the key numbers: […]
The marijuana producer Aurora Cannabis jumps after posting huge growth
Markets

A huge marijuana company that just went public in the US saw its shares slip after a damning industry report. Here’s why cannabis investors aren’t worried.

Aurora Cannabis started trading on the New York Stock Exchange on Tuesday. It wasn’t the windfall investors hoped. Shares slid close to 15% throughout the day before recovering as the market closed. Analysts and investors aren’t worried, however. Most say the volatility is to be expected in an emerging sector […]
A huge marijuana company that just went public in the US saw its shares slip after a damning industry report. Here’s why cannabis investors aren’t worried.
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