Cannabis Watch - MarketWatch

Aurora Cannabis stock enjoys best and busiest day ever after pot sales grow

Aurora Cannabis Inc.’s pot sales jumped as COVID-19 spread across the globe in the first three months of the year, and the company’s beleaguered and recently bundled shares enjoyed the best and busiest trading session in h...

ACB

-2.73%

May. 18, 2020 at 11:54 a.m. ET by Max A. Cherney

‘It’s been one fight after another’: Some cannabis companies must close, while liquor stores are allowed to open

Around 2,000 people who work in the Massachusetts cannabis industry, out of a total of around 8,000, had been laid off or Having access to the CARE Act’s Paycheck Protection Program would have been a lifeline for these com...

May. 16, 2020 at 10:47 a.m. ET by Jacob Serebrin

Tilray says coronavirus has not dented operations

The COVID-19 pandemic has not materially hurt cannabis producer Tilray Inc.’s ability to sell pot to medical patients and recreational customers, the company said late Monday as it reported a wider-than-expected net loss.

TLRY

1.34%

May. 12, 2020 at 7:15 a.m. ET by Max A. Cherney

Aurora Cannabis rolls up its shares in a reverse stock split — here’s what you need to know

After the New York Stock Exchange told Aurora Cannabis Inc. that shares had sagged so much that it no longer complied with the exchanges listing requirements, Aurora is consolidating its stock by means of a reverse stock s...

ACB

-2.73%

May. 11, 2020 at 9:46 a.m. ET by Max A. Cherney

Aurora Cannabis and Tilray set to detail hoarding of marijuana during COVID-19

Several of the largest cannabis companies are set to report earnings this week, with Tilray Inc. and GW Pharmaceuticals PLC kicking off the proceedings and the struggling-for-cash Aurora Cannabis Inc. batting cleanup.

TLRY

1.34%

May. 11, 2020 at 9:43 a.m. ET by Max A. Cherney

Pot companies left out of latest coronavirus stimulus bill, but lobbyists are still hopeful

The U.S. cannabis industry has largely been declared an essential business by state governments, and would like a taste of the federal coronavirus stimulus packages

NBEV

1.38%

Apr. 23, 2020 at 6:13 a.m. ET by Max A. Cherney

Which cannabis companies are going to survive coronavirus? Here’s how to tell

Before the outbreak of COVID-19, cannabis stocks had plummeted from fattened valuations as they failed to find promised profit and seemed at risk of bankruptcy. The global pandemic has made things even worse, and investors...

CA:WEED

0.08%

Apr. 20, 2020 at 1:27 p.m. ET by Max A. Cherney

Canopy Growth to book charge of up to $568 million as marijuana restructuring continues

Canopy Growth Corp. said early Thursday was halting a range of operations across three continents and expects its restructuring plans to result in a charge of up to C$800 million (567.9 million) in the fiscal fourth quarter.

CGC

0.46%

Apr. 16, 2020 at 3:02 p.m. ET by Max A. Cherney

Corrected

Aphria yanks forecast due to coronavirus after strong increase in cannabis sales

Aphria Inc. told investors Wednesday that cannabis sales jumped 65% in its most recent quarter, but pull-backs from wholesale buyers across Canada due to COVID-19 forced the company to rescind guidance for the full year.

APHA

0.64%

Apr. 15, 2020 at 8:37 p.m. ET by Max A. Cherney

As cannabis industry stays largely quiet on coronavirus, this CEO has been sounding the alarm

As the COVID-19 pandemic ravaged the globe, Organigram Holdings Inc. was one of the first cannabis companies to begin to warn investors about the impacts on its business and the industry.

OGI

0.66%

Apr. 14, 2020 at 6:47 p.m. ET by Max A. Cherney

Pot shops are considered ‘essential’ businesses in most states where it’s legal, but the rules are shifting

When California became the first state to issue a shelter-in-place because of the COVID-19 pandemic, it set another standard by declaring cannabis an “essential business.” But just as states’ overall responses to the pande...

CA:TRUL

2.14%

Apr. 11, 2020 at 2:05 p.m. ET by Max A. Cherney

Cronos stock rises after earnings, restating several quarters of financial statements

Shares of marijuana producer Cronos Group Inc. rose 2.4% in the extended session Monday after the company restated several quarters of results and reported revenue below the consensus estimates.

CRON

2.07%

Mar. 30, 2020 at 4:53 p.m. ET by Max A. Cherney

Pot stocks plunge after another round of disappointing earnings

Marijuana producer Hexo Corp. led cannabis stocks down Monday, falling 21% after the company reported earnings that were hit by write-downs.

HEXO

0.06%

Mar. 30, 2020 at 2:49 p.m. ET by Max A. Cherney

COVID-19 a ‘net positive’ for marijuana producer Curaleaf, says analyst

The COVID-19 pandemic has proven a boon to U.S. marijuana producer Curaleaf Holdings Inc., as sales jump and many states say that cannabis is an essential service, an analyst wrote in a note to clients Wednesday.

CURLF

-0.97%

Mar. 25, 2020 at 4:03 p.m. ET by Max A. Cherney

Exclusive: Pot company Cronos receives SEC inquiry

The Securities and Exchange Commission has sent an inquiry to Cronos Group Inc., one of the largest cannabis producers in Canada, requesting the company retain records related to how it recognizes certain revenue, accordin...

CRON

2.07%

Mar. 22, 2020 at 10:22 a.m. ET by Max A. Cherney

Pot smokers stock up for pandemic on ‘the vice of choice when alone’

As Americans faced seclusion due to the COVID-19 pandemic, shoppers in San Francisco had the option of stocking up on one popular product with a minimal amount of human interaction: Marijuana.

Mar. 22, 2020 at 10:19 a.m. ET by Max A. Cherney

Tilray sells stock for less than $5 a share, and that may not bode well for Aurora and Hexo

Investors bludgeoned Tilray Inc. stock Friday, sending shares of the Canadian cannabis producer down more than 30% after the company offered investors shares at less than a third of the price paid in its initial public off...

TLRY

1.34%

Mar. 15, 2020 at 10:10 a.m. ET by Max A. Cherney

Canopy Growth shares fall 7% on news of job cuts as cannabis sector sells off

Canopy Growth Corp. shares fell 4% Thursday after the Canadian cannabis company announced it was cutting 500 jobs as it reduces capacity by closing two greenhouses and shelving plans for another.

CGC

0.46%

Mar. 6, 2020 at 7:00 a.m. ET by Ciara Linnane

Coronavirus and cannabis: Vape supply is a concern due to China shutdown

Amid a widespread market selloff due to investor concerns about COVID-19, cannabis companies will have to contend with disruptions involving vaporizer hardware, the vast majority of which is produced in China.

KSHB

-0.28%

Mar. 5, 2020 at 7:29 a.m. ET by Max A. Cherney

Corrected

Federal prosecutors investigate California marijuana companies in wide-ranging probe

Federal prosecutors have launched a probe of cannabis companies in California, seeking a batch of records held by a startup that functions as a Yelp for marijuana dispensaries, according to a grand-jury subpoena reviewed b...

Mar. 3, 2020 at 3:54 p.m. ET by Max A. Cherney

Ticker	Name	Last	Chg	Chg %
ACB	Aurora Cannabis Inc.	16.08	-0.37	-2.25%
CRON	Cronos Group Inc.	8.69	0.14	1.64%
CGC	Canopy Growth Corp.	17.38	0.08	0.46%
WEED	Canopy Growth Corp.	23.66	0.02	0.08%
GWPH	GW Pharmaceuticals PLC ADR	139.54	7.35	5.56%
TLRY	Tilray Inc. Cl 2	7.57	0.10	1.34%

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