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Cannabis Watch: The $4 billion time bomb ticking away inside the biggest marijuana companies

Cannabis companies that have made acquisitions at the height of excitement about Canadian legalization last year may be facing some big goodwill writedowns......»»

Category: topSource: marketwatchAug 13th, 2019

Cannabis Watch: Biggest-ever U.S. cannabis acquisition deal helps boost buying in marijuana sector

Shares of Origin House fall Monday, although Chicago-based Cresco Labs Inc. said it was buying the Canada-based cannabis company in a stock deal valued at C$1.1 billion, but the deal did help inspire buying interest in the broader marijuana sector......»»

Category: topSource: marketwatchApr 1st, 2019

Marlboro maker leaps into the cannabis trade with $2.4B

One of the world's biggest tobacco companies is diving into the cannabis market with a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company......»»

Category: topSource: foxnewsDec 7th, 2018

Philip Morris parent invests $2.4 billion in Cronos cannabis

One of the world’s biggest tobacco companies is bullish on bud. Altria, parent company of New York-based Philip Morris (NYSE: PM) and maker of Marlboro cigarettes, invested $2.4 billion into a Toronto medical and recreational marijuana company......»»

Category: topSource: bizjournalsDec 7th, 2018

Cannabis Watch: Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry

Marijuana companies and legacy businesses are playing a proverbial game of speed dating right now, according to a top cannabis executive who managed to land an attractive partner......»»

Category: topSource: marketwatchDec 7th, 2018

Cannabis Watch: Canopy Growth CEO defends ugly quarter as one-time event

Many people love to smoke marijuana, but few, it appears, will buy the oil derived from the plant......»»

Category: topSource: marketwatchNov 14th, 2019

Cannabis Watch: Cannabis earnings: How much worse can it get for underperforming weed companies?

Weed companies in Canada have consistently over-promised and under-delivered for investors at earnings time, a big reason previously fattened valuations have been on a severe diet. The next major test for the tortured set of names begins Monday......»»

Category: topSource: marketwatchNov 11th, 2019

Cannabis Watch: Mitch McConnell meets with pot execs in California, pitched need for cannabis banking reform

Senate Majority Leader Mitch McConnell, a longtime opponent of reforming marijuana laws, is spending more time than usual thinking about cannabis on a trip to California this week......»»

Category: topSource: marketwatchOct 9th, 2019

Cannabis Watch: Mitch McConnell travels to California, where pot execs pitch need for cannabis banking reform

Senate Majority Leader Mitch McConnell, a longtime opponent of reforming marijuana laws, is spending more time than usual thinking about cannabis on a trip to California this week......»»

Category: topSource: marketwatchOct 9th, 2019

Inside the Syrian camp that is a "ticking time bomb" for another wave of ISIS violence

Christian Spreitz / BILD am Sonntag A refugee camp in northeastern Syria is being flooded by the fleeing families of ISIS fighters. After ISIS was militarily defe.....»»

Category: topSource: businessinsiderOct 2nd, 2019

Cannabis Watch: This woman in cannabis made an early bet on the sector that has paid off

Cassandra Farrington, co-founder and CEO of Marijuana Business Daily, is surprised by how quickly the new legal sector has grown into a $12 billion industry......»»

Category: topSource: marketwatchAug 21st, 2019

Cannabis Watch: Canopy Growth slides 14% to drag broader cannabis sector lower as earnings disappoint

Canopy Growth shares slid 8% Thursday, after the world’s biggest cannabis company reported a more than billion Canadian-dollar loss for its latest quarter and missed revenue estimates, dealing another blow to the troubled sector......»»

Category: topSource: marketwatchAug 15th, 2019

Cannabis Watch: Canopy Growth slides 11% to drag broader cannabis sector lower

Canopy Growth shares slid 8% Thursday, after the world’s biggest cannabis company reported a more than billion Canadian-dollar loss for its latest quarter and missed revenue estimates, dealing another blow to the troubled sector......»»

Category: topSource: marketwatchAug 15th, 2019

Consumer Watch: Marijuana-delivery service Eaze scales back $1 billion ambitions, documents show

The cannabis-delivery company that once said it planned to deliver $1 billion worth of cannabis in 2020 is now heading for a much smaller target: less than $500 million......»»

Category: topSource: marketwatchJul 17th, 2019

Cannabis Watch: Marijuana stocks slip; analyst calls send Cronos soaring, weigh on Tilray

Shares of cannabis companies traded mostly lower Wednesday, pulling back from a big run up the previous session that snapped a long losing streak, while Cronos Group’s stock soared on the back of a bullish analyst call......»»

Category: topSource: marketwatchJun 5th, 2019

Cannabis Watch: In ‘the marijuana ghetto’ at Davos, Canopy Growth found its American pot partner

The landmark deal between Acreage Holdings Inc. and Canopy Growth Corp. has its roots amid bunk beds inside a small, cramped house in Klosters, Switzerland......»»

Category: topSource: marketwatchMay 23rd, 2019

Cannabis Watch: Where Aurora sees cannabis opportunity beyond selling buds in Canada

As recreational marijuana moves beyond buds and countries besides Canada mull legalization, cannabis companies have a lot of potential roads to travel as they seek to grow......»»

Category: topSource: marketwatchMay 16th, 2019

Consumer Watch: Where Aurora sees cannabis opportunity beyond selling buds in Canada

As recreational marijuana moves beyond buds and countries besides Canada mull legalization, cannabis companies have a lot of potential roads to travel as they seek to grow......»»

Category: topSource: marketwatchMay 15th, 2019

Cannabis Watch: Tilray CEO says marijuana companies lied about how much pot they could grow

Tilray Inc. Chief Executive Brendan Kennedy said late Tuesday that the cannabis producer would be much larger if weed growers in Canada hadn’t lied about how much pot they could actually grow......»»

Category: topSource: marketwatchMay 14th, 2019

Cannabis Watch: CEO of pot producer Cronos talks about Altria deal, weed drinks and the rise of CBD

Cronos Group Inc. is one of two of Canada’s cannabis producers to ink multi-billion dollar deals with big American companies......»»

Category: topSource: marketwatchApr 27th, 2019

Cannabis goes mainstream – from illegal to a multi-billion dollar business

April 20 has become the unofficial holiday for marijuana users. So now's a good time to look at the red hot sector. Cannabis stocks are soaring as the business goes legit......»»

Category: topSource: moneycentralApr 20th, 2019