One long-standing debate about marijuana concerns its potential role as a gateway drug, one which would lead users to try harder drugs like heroin and cocaine. It’s an issue that’s become particularly relevant as Canada and an increasing number of states in the US continue to relax their laws around pot, giving more people access […]
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Keep buying Aurora Cannabis, says Canaccord Genuity
A quarter that fell below his expectations isn’t dampening Canaccord Genuity analyst Neil Maruoka’s enthusiasm for Aurora Cannabis (TSXV:ACB). Yesterday, Aurora Cannabis reported its Q3, 2017 results. The company earned $100,000 on revenue of $5.2-million, up substantially from the $200,000 topline the company posted in the same period last year. “Going forward, with one of […]
Cronos Group isn’t using a banned pesticide, says PI
A warning from Health Canada to Cronos Group (TSXV:MJN) is a simple misunderstanding, says PI Financial analyst Jason Zandberg. On May 6, Cronos Group reported that its wholly owned subsidiary LP, Peace Naturals Project was notified on May 4, by Health Canada that upon testing a random cannabis leaf sample, trace levels of piperonyl butoxide […]
Aurora Cannabis is still undervalued, says Canaccord Genuity
The hiring of a well qualified CFO is an important development for Aurora Cannabis (TSXV:ACB), says Canaccord Genuity analyst Neil Maruoka. This morning, Aurora announced that former QLT CFO Glen Ibbott has been appointed as the company’s chief financial officer, replacing Amy Stephenson, who had acted as Aurora’s interim CFO since last summer. “We are […]
Marijuana-related ER visits by teens have quadrupled in Colorado
A new study has found that marijuana-related visits by teens to a Colorado children’s hospital emergency department and its satellite urgent care centres has shot up since marijuana was legalized. The findings have prompted the study’s authors to call on state health officials to create better education and prevention strategies aimed at adolescents. “The state-level […]
PI launches coverage of ABCann Global stock with a $2.25 target
The most recent cannabis IPO is also one of the most promising, at least if you use PI Financial analyst Jason Zandberg’s bullish price target as your guide. Yesterday, Zandberg initiated coverage of ABCann Global (TSXV:ABCN) with a “Buy” rating and a one-year price target of $2.25, implying a return of 181 per cent at […]
Cronos Group is undervalued, says PI Financial
PI Financial analyst Jason Zandberg thinks there is a lot of value in Cronos Group (TSXV:MJN), some of which might not readily apparent to investors. On Monday, Cronos Group reported its Q1, 2017 results. The company posted EBITDA of negative $1.3-million on revenue of $400,000. Zandberg says the results fell just short of his expectations, […]
OrganiGram is still undervalued, says Canaccord Genuity
Despite a quarter that fell below his expectations, Canaccord Genuity analyst Matt Bottomley still thinks OrganiGram (TSXV:OGI) is undervalued. Last Friday, OrganiGram reported its Q2, 2017 results. The company lost $5.75-million on sales of negative $581,169, a topline backpedal that was the result of a $2-million product recall. “While the product recall was obviously an […]
Where will Canadians actually be allowed to smoke marijuana?
With the federal government keen to make marijuana legal in Canada before next summer, a host of questions are still up in the air. Who is going to sell it, how much is the government-sanctioned pot going to cost and, strangely an issue that has gained little attention so far, where will Canadians be allowed […]
Canopy Growth Corp. still has 53% upside, says Echelon Wealth
It’s the most valuable weed stock in the world, but Echelon Wealth Partners analyst Russell Stanley thinks there is still significant upside left in Canopy Growth Corp. (TSX:WEED). This morning, Canopy announced it would form a news company that would commit $20-million to support cannabis producers. The company, called Canopy Rivers Corp., will provide growth […]
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