Buds & Duds: Cannabis stocks down but not out; Canopy Growth shares shrink
Most major cannabis stocks tumbled low on Tuesday on the back of earnings results and after a week of huge gains
Company
NASDAQ:CRON
Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, the company is building an iconic brand portfolio. Its diverse international brand portfolio includes Spinach®, PEACE NATURALS®, and Lord Jones®.
114 stories · page 6 of 6
Most major cannabis stocks tumbled low on Tuesday on the back of earnings results and after a week of huge gains
WeedMD Inc (CVE:WMD) shares perked up 8.4% on Monday, at C$1.80 after the company announced it had signed a cannabis supply deal with the Nova Scotia liquor corporation
Pot stocks were high on mergers, acquisitions, license agreements, and on expectations that major beverage makers including Diageo would strike deals with cannabis companies
Canadian cannabis stocks stabilized on Tuesday after a tumulous week but some movers prevailed; Cronos up 12.6%
Several Canadian cannabis companies have inked supply deals with the Ontario Cannabis Retail Corporation
Tilray announced a similar agreement to supply the province of Ontario with its cannabis products
Cronos is preparing for Canada’s recreational cannabis market with the launch of its first premium brand COVE, a high-grade form of marijuana
Exec David Marcus will step down from the exchange's board to focus on Facebook's blockchain technology
Rubius Therapeutics and Constellation Pharmaceuticals also made their trading debuts this week
The exchange clarified the SEC and FINRA were not involved in the approval process for its recent acquisitions
Sales of recreational cannabis are expected to begin in September but Canadian companies have been prepping for this moment for a while
Cronos reported a first-quarter loss of $0.01 per share on revenue of US$2.3mln
The crypto space is still reeling from Warren Buffett's smack-down
MM, known as MedMen Enterprises - a company with facilities in California, Nevada and New York - will join forces with Nasdaq-listed Cronos - which has a footprint in Germany, Israel and Australia