Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week
Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of November 18th – 24th, 2019.
Without further ado, let’s get started.
10. Analysts Say Top U.S. MSOs Have Huge Upside Following Strong Q3 Earnings + Updated Ratings & Price Targets
According to Analysts, Better Than Expected Earnings Make These 3 Top U.S. Multi-State Operators a Buy
It seems Trulieve (CSE:TRUL) (OTCQX:TCNNF), Curaleaf (CSE:CURA) (OTCQX:CURLF) and Green Thumb (CSE:GTII) (OTCQX:GTBIF) have reinvigorated a struggling cannabis sector after the three top U.S. multi-state operators (MSO) announced third-quarter earnings this week with two of them beating wall street’s expectations in the process.
Yahoo Finance Obtains Exclusive Footage of CannTrust’s Largest Illegal Grow Room in Operation
The same whistleblower that originally brought the CannTrust (TSX:TRST) (NYSE:CTST) Health Canada scandal to light is making headlines once again after releasing new video footage allegedly showing the company’s largest unlicenced cultivation room in operation.
8. Sifting Through the Wreckage: A Visual Look Back at Canadian Pot Stocks and Their Dramatic Decline from the Top
These 4 Top Canadian Cannabis Stocks Have Lost Over $60 Billion in Market Value From Their All-Time Highs
Canopy Growth (TSX:WEED) (NYSE:CGC) alone has lost almost $17 billion in value from its peak valuation of $24 billion. We also reviewed the valuations of Aurora Cannabis (TSX:ACB) (NYSE:ACB), Tilray (NASDAQ:TLRY) and Cronos Group (TSX:CRON) (NASDAQ:CRON).
Canopy Growth Jumps Over 40% This Week as Market Rebounds
Other top cannabis stocks rose as much as 65% this week alone.
While Most Marijuana Stocks Have Gone Up in Smoke, This Trio of Cannabis Stocks Has Shined This Earnings Season
Adjusted EBITDA for the Third Quarter Came in at $9 Million
GTII Posted Revenue for the Third Quarter of $68 Million, Up 296% Year Over Year and 52% Over Last Quarter
Green Thumb Industries (CSE:GTII) (OTCQX:GTBIF) announced its Q3 2019 earnings which included third-quarter gross profit of $36.1 million. GTII also saw adjusted EBITDA increase 180% over the previous quarter.
The MORE Act Passed a Key Vote by the House Judiciary Committee
Here’s how much Canopy Growth (TSX:WEED) (NYSE:CGC), Aurora Cannabis (TSX:ACB) (NYSE:ACB), HEXO (TSX:HEXO) (NYSE:HEXO), Cronos Group (TSX:CRON) (NASDAQ:CRON), Tilray (NASDAQ:TLRY) and Curaleaf (CSE:CURA) (OTCQX:CURLF) gained on Thursday.
Trulieve Sees Revenue Surge 150% to $70.7 Million
Trulieve Cannabis (CSE:TRUL) (OTCQX:TCNNF) released earnings for the third quarter of 2019 which saw the company’s revenue increase 22% quarter over quarter and 150% over Q3 2018. The company was also able to post net income of $60.2 million for the quarter.
Recent Earnings Show These U.S. Pot Stocks Are Having Huge Success in Florida
How would the potential legalization of adult-use cannabis affect these sunshine state operators?
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