27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of August 3rd – 9th, 2020.
Without further ado, let’s get started.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
* Yahoo Finance readers, please click here to view full article.
10. Aphria is Still a Buy, Haywood Securities Says
Haywood Capital Markets Analyst Neal Gilmer is Keeping His “Buy” Rating on Aphria After the Cannabis Company’s Latest Quarterly Earnings
In an update to clients on Thursday, Gilmer said he continues to see Aphria as the leader in the Canadian
cannabis space.
9. Revive Therapeutics Just Became a Serious Player in the Race to Treat COVID-19
Revive Received the FDA Sign Off to Start a Phase 3 Trial on Bucillamine for Mild to Moderate Cases of COVID-19
Revive Therapeutics (OTCPK: RVVTF) is a Canadian life sciences company focused on the research and development of therapeutics for infectious diseases and rare disorders. It began the year hot as it was fully onboard the psilocybin craze before Psychedelic Stocks like itself, Champignon Brands (OTCQB:SHRMF) and MindMed (OTCQB:MMEDF) pulled back from their highs.
8. Cannabis Producer Cronos Group Plunges On $107 Million Loss
Cronos Says Pricing Pressures Drove Write-Downs
Cronos Group (NASDAQ:CRON) also reported a $40-million impairment charge related to a cannabidiol deal with CBD brand Lord Jones and a $35.9-million non-cash loss related to an investment from cigarette conglomerate Altria Group (NYSE:MO).
READ FULL CRONOS GROUP ARTICLE
MindMed Also Applauded Health Canada’s Approval of Psilocybin Compassionate Access for Patients
MindMed (OTCQB:MMEDF), the leading Psychedelic pharmaceutical company, has engaged renowned psychedelic-assisted therapy expert Dr. Peter Gasser as an advisor to its LSD experiential therapy program Project Lucy.
6. Cantor Fitzgerald Raises Curaleaf Target: ‘Prime Way To Play’ U.S. Cannabis Legalization
Cantor Fitzgerald Analyst Pablo Zuanic Reiterated His Neutral Rating for Curaleaf and Raised His Price Target from $7.50 to $10
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Curaleaf (OTCQX:CURLF) has been one of the hottest cannabis multi-state operators (MSOs) in recent months, and one Wall Street analyst said that the stock may be headed even higher following the closing of its Grassroots acquisition.
5. Acreage, Curaleaf, Trulieve And More: Here Are The Cannabis Companies Currently Hiring
The U.S. Labor Department Will Release its Employment Report and While Job Growth Appeared Evident Over the Past Two Months, Economists Are Worried That the Trend Has Fizzled Out in Recent Weeks
However, hiring is still happening in the cannabis sector. Here’s a list of companies currently on the hunt for talent: Curaleaf (OTCQX:CURLF), Trulieve (OTCQX:TCNNF), Green Thumb (OTCQX:GTBIF), Cresco Labs, Acreage Holdings (OTCQX:ACRGF), Aphria (NYSE:APHA), Harvest Health (OTCQX:HRVSF), iAnthus (OTCQX:ITHUF), MedMen (OTCQX:MMNFF), 4Front Ventures (OTCQX:FFNTF) and Terra Tech (OTCQX:TRTC).
READ FULL CANNABIS HIRING ARTICLE
4. Canopy Growth: Canaccord Estimates $101.1 Million in Top Line Revenue for Q1 2021
Canaccord’s Matt Bottomley Estimates Are Forecasting That Canopy’s Recreational Cannabis Revenue Come in at C$40.8 Million, Which is Around C$9 Million Lower Than Fiscal Q4’s C$49.7 Million
Canopy Growth (NYSE:CGC) will report its fiscal Q1 2021 Earnings on August 10th before the market opens with the call following at 10:00 am. With a C$2.2 billion annualized run-rate that is the Canadian market, Canaccord analyst Matt Bottomley says that COVID-19 is likely to weigh on the quarter, as sales from licensed producers (LPs) to distributors have most likely been impacted more heavily than what retail data suggests.
READ FULL CANOPY GROWTH ARTICLE
3. NeonMind Submits Application for Psilocybin Research to Health Canada
In May 2020, NeonMind Completed the Design of its Preclinical Study Focused on Using Psilocybin as a Treatment for Weight Loss and Food Cravings
The Yield Growth (OTCQB:BOSQF) majority-owned subsidiary NeonMind Biosciences announced the submission of an application to Health Canada for an exemption to use a controlled substance for scientific purposes, pursuant to Section 56(1) of the Controlled Drugs and Substances Act, S.C. 1996, c. 19 for NeonMind’s planned preclinical trial using Psilocybin.
READ FULL YIELD GROWTH ARTICLE
2. Trulieve Opens in Englewood, Continues Expansion Across Florida
Trulieve’s Newest Location in Southwest Florida Expands Direct Access to the State’s Widest-Ranging Medical Cannabis Inventory for Patients
Trulieve (OTCQX:TCNNF), a leading and top-performing cannabis company based in the United States announced the opening of its latest storefront. Englewood will be home to the Company’s 56th dispensary nationwide and 54th in its home state of Florida.
Revive Expects to Engage up to 10 Clinical Trial Sites in the U.S. and Open the Phase 3 Clinical Trial for Patient Screening in Q3 2020
Revive Therapeutics (OTCPK: RVVTF) announced that following the U.S. Food & Drug Administration (FDA) approval to proceed with the company’s Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine in patients with mild-moderate COVID-19, the company is finalizing agreements and aligning resources to initiate the Phase 3 clinical trial in September.
READ FULL REVIVE THERAPEUTICS ARTICLE
Photo by davide ragusa on Unsplash
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.