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

Battered pot stocks are rallying on the last trading day of 2019

A number of cannabis company stocks surged on Tuesday, the last trading day of 2019. The last-minute gains come after a rough year for pot stocks as the sector has struggled with vaping illnesses, regulatory uncertainty, and disappointing earnings. The surge could be a good sign showing that investor confidence […]
Battered pot stocks are rallying on the last trading day of 2019
Markets

Pot stocks surge amid a key legal hearing for bill that could take marijuana off the list of controlled substances in the US

The Marijuana Opportunity Reinvestment and Expungement (MORE) Act was approved by the House Judiciary Committee Wednesday morning in Washington D.C. Stocks of cannabis companies surged Wednesday morning when the hearing began. The MORE Act would remove marijuana from the list of controlled substances in the US, expunge certain cannabis offences, […]
Pot stocks surge amid a key legal hearing for bill that could take marijuana off the list of controlled substances in the US
Markets

Cannabis producer Cronos sinks after revenue comes up short

Cronos missed earnings and revenue expectations for the fourth quarter. Shares slid more than 4% early Tuesday. Watch Cronos trade live. The cannabis producer Cronos fell more that 4% early Tuesday after missing Wall Street’s revenue estimate for the fourth quarter. Cronos reported revenue of 5.6 million Canadian dollars, well […]
Cannabis producer Cronos sinks after revenue comes up short