Category Archives: BUSINESS

Costa Rica’s President Vetoes Parts Of Medical Cannabis Bill

[ad_1] This article was originally published on Cannabis & Tech Today and appears here with permission. After many years of cannabis being completely prohibited for medical use around the globe, medical cannabis is now legal in some form in dozens of countries. Medical cannabis reform has spread across the Western Hemisphere much more rapidly compared to […]

Cannabis stocks suffer as US federal legalisation stalls

[ad_1] Cannabis stocks have tumbled in the year since Joe Biden took office, as hopes of an imminent federal legalisation of marijuana in the US fade and investors remain wary of a sector that has limited access to consumers and funding. Pot consumption soared during the pandemic. Revenues have grown fivefold for US-listed companies since […]

Cannabis companies pivot to debt to raise capital as stock prices lag

[ad_1] Columbia Care Inc. and Trulieve Cannabis Corp. announced separate debt deals in recent days as cannabis companies turn away from issuing stock to raise capital in the face of weak share prices. Columbia Care CCHWF, -5.86% on Thursday said it closed a hefty debt offering valued at $185 million from a private placement with […]

This Cannabis Stock is Rated at the Top of the Drug Manufacturers

[ad_1] Cannabis stock SNDL is falling back to earth Thursday, decreasing 0.37%. Sundial Growers Inc (SNDL) is near the top in its industry group according to InvestorsObserver. SNDL gets an overall rating of 45. That means it scores higher than 45 percent of stocks. Sundial Growers Inc gets a 85 rank in the Drug Manufacturers […]

Verano is a Buy in US cannabis stocks, says Haywood

[ad_1] Neal Gilmer of Haywood Capital Markets likes what he sees of the new acquisition by Verano Holdings (Verano Stock Quote, Chart, News, Analysts, Financials CSX:VRNO), maintaining a “Buy” rating and C$35/share target price for a potential return of 157 per cent in an update to clients on Tuesday. Headquartered in Chicago and founded in 2014, US […]

Verano Steals New York License (OTCMKTS:VRNOF)

[ad_1] Rex_Wholster/iStock via Getty Images Despite major catalysts in the U.S. cannabis sector, most MSO (multi-state operator) stocks trade at yearly lows. Even with a New York license catalyst, Verano Holdings (OTCQX:VRNOF) was able to acquire Goodness Growth Holdings (OTCQX:GDNSF) for only $413 million. My investment thesis is ultra Bullish on the MSO based on […]
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