Markets

Cannabis stocks tumble from multi-year highs as Reddit-fuelled rally loses steam

Cannabis stocks plunged on Thursday as optimism around federal decriminalization and Reddit-trader bullishness faded to profit-taking. Tilray, Aphria, Aurora Cannabis, Cronos, and Canopy Growth all slid amid the broad sell-off. Members of the Wall Street Bets Reddit page had been cheering the stocks higher as they did with GameStop in […]
Cannabis stocks tumble from multi-year highs as Reddit-fuelled rally loses steam
Markets

Pot stocks rally on renewed hopes for near-term legalization

Cannabis stocks soared on Wednesday amid new hope for near-term legalization in the US. President Biden and Democrats have indicated they aim to decriminalize the drug at the federal level. The CEOs of Tilray and Canopy Growth said Tuesday they expect legalization in 2021 or early 2022. Sign up here […]
Pot stocks rally on renewed hopes for near-term legalization
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

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

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.