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

Cannabis producer Cronos Group drops after posting wider loss, missing on sales

The cannabis producer Cronos Group posted disappointing sales as its loss widened. Shares were down less than 1% early Thursday. Watch Cronos Group trade live. Cronos group reported first-quarter results Thursday morning that missed sales expectations and showed its loss widened from a year ago. The cannabis producer reported sales […]
Cannabis producer Cronos Group drops after posting wider loss, missing on sales
Markets

The cannabis producer Cronos is going bananas after ‘Mad Money’ host Jim Cramer called it the ‘2nd best’ in the industry

Cronos, the Canadian cannabis producer, was up almost 14% Monday after getting an endorsement from “Mad Money” host Jim Cramer. After Friday’s closing bell, Cramer said the company was the “second best” in the industry, behind Canopy Growth. Back in December, the cigartte maker Altria invested 2.4 billion Canadian dollars […]
The cannabis producer Cronos is going bananas after ‘Mad Money’ host Jim Cramer called it the ‘2nd best’ in the industry
Markets

‘An investment of this magnitude provides overall legitimacy to the sector’: Here’s why Wall Street is bullish about the largest tie-up yet between the tobacco and pot sectors

Altria, the tobacco-maker behind popular brands like Marlboro, announced on Friday it intends to invest $US1.8 billion for a 45% stake in marijuana cultivator Cronos Group. Wall Street reacted favourably to the news, as both companies’ stocks were trading higher on Friday. “We believe an investment of this magnitude provides […]
‘An investment of this magnitude provides overall legitimacy to the sector’: Here’s why Wall Street is bullish about the largest tie-up yet between the tobacco and pot sectors
Markets

The cannabis producer Cronos posts strong revenue growth but a bigger loss

Cronos Group reported third-quarter results on Tuesday. The marijuana producer’s revenue grew 186% year-over-year. It lost $US0.04 a share, down from $US0.01 profits per share. Watch Cronos Group trade live here. The Canadian cannabis grower Cronos Group on Tuesday reported third-quarter results that saw its revenue grow but loss widen. […]
The cannabis producer Cronos posts strong revenue growth but a bigger loss