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 December 30th, 2019 – January 5th, 2020.
Without further ado, let’s get started.
10. Mad Money’s Jim Cramer Says This Cannabis Stock is a Long-Term Hold
The Mad Money Host Gave the Stock a ‘Booyah’ and Said Investors Should Consider Owning It
Jim Cramer says this Pot Stock is being unfairly dragged down by Cannabis ETFs creating a “remarkable buying opportunity” for long-term investors. We also conducted a technical review of the stock’s Inverse Head and Shoulders chart pattern. A sharp reversal off the bottom could be imminent.
9. Horizons Rebalances its Cannabis ETFs, Here’s What You Need to Know
Horizons ETFs Completes Final Rebalance of its Cannabis ETFs in 2019
Horizons ETFs Management (Canada) announced that it has completed its final quarterly rebalance of the company’s cannabis-focused ETFs in 2019. Here are the full lists of additions and deletions for Horizons’ HMMJ, HMJR and HMUS Cannabis ETFs.
READ FULL CANNABIS ETFS ARTICLE
8. TransCanna Reduces 2020 Debt By Over 60%
Extends Maturity on $6.75 Million Loan to April 2022
The extension gives TransCanna TCAN TCNAF TH increased financial flexibility as the loan would have been due this April. TCAN stock continues to outperform the cannabis sector gaining over 188% from its December low.
7. Curaleaf Closes Acres Cannabis Purchase
2 Retail Locations Were Included in the Acquisition of Acres Cannabis
Curaleaf Holdings CURA CRLBF has finally completed its acquisition of Acres Cannabis of Nevada. The transaction consisted of two stages, with the firm previously closing the acquisition of the firm’s cultivation and processing assets back in October 2019. As of January 1, Curaleaf has also closed on the acquisition of the operator’s flagship Nevada dispensaries.
6. Canopy Growth Won’t Be Part of the Pot Sector Carnage, This Investor Says
Want a Potential Winner in the Cannabis Sector? Keep Your Eyes on Canopy Growth
Greg Taylor, chief investment officer at Purpose Investments, thinks that while many of Canada’s pot companies will fold as the industry goes through a major downsizing in 2020, Canopy Growth’s WEED CGC (FRA: 11L1) global exposure could be a difference-maker.
READ FULL CANOPY GROWTH ARTICLE
5. Aurora Cannabis Lists MedReleaf’s Exeter, Ontario Facility For Sale
The Exeter, Ontario Facility Has Been Listed For Sale For $16.99 Million
Aurora Cannabis ACB ACB (FRA: 21P) is looking to offload some of its greenhouse properties. The cash strapped cannabis giant has listed a former Medreleaf greenhouse facility located in Exeter, Ontario for sale for a dollar under $17 million.
READ FULL AURORA CANNABIS ARTICLE
4. 3 Top Marijuana Stocks to Watch in January
There Are Plenty of Potential Catalysts That Could Be on the Way, Both in Canada and the U.S.
It shouldn’t take very long for things to get interesting for Marijuana Stocks in 2020. Investors should especially keep their eyes on 3 Pot Stocks in January: Aphria APHA APHA (FRA: 10E), Canopy Growth WEED CGC (FRA: 11L1), and Cresco Labs CL CRLBF 6CQ.
READ FULL 2020 POT STOCKS ARTICLE
3. Illinois Pot Stocks Cresco Labs and GTI Have Huge Upside According to Beacon Price Targets
Beacon Securities analyst Russell Stanley released research reports on both U.S. multi-state operators (MSO) Cresco Labs CL CRLBF 6CQ and Green Thumb GTII GTBIF (FRA: R9U2). Stanley says these 2 Illinois Pot Stocks have a potential upside of 188% and 102% respectively.
2. Top Performing Cannabis Stocks of the Decade
In a Decade Filled With Plenty of Big Winners, These Pot Stocks Outperformed Them All
As we turn the page on 2019 and enter a new decade, let’s take a walk down memory lane and review the top 5 cannabis stock gainers of the past 10 years. Here are the top Cannabis Stocks of the decade.
READ FULL DECADE’S BEST ARTICLE
1. Illinois Racks Up $3.2 Million in Adult-Use Sales on Opening Day
These 2 Pot Stocks Led the Way Serving Thousands of Customers
Illinois saw huge demand for recreational cannabis in what may go down as the best opening day in U.S. legalization history. At the center of the action was 2 top U.S. MSOs with one having the honour of completing the very first sale in the entire state of Illinois.
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