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Cannabis Countdown: Top 10 Marijuana And Psychedelic Stock News Stories Of The Week

December 1, 2020 12:17 pm
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Cannabis Countdown: Top 10 Marijuana And Psychedelic Stock News Stories Of The Week

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 November 23rd – 29th, 2020.

Without further ado, let’s get started.

Yahoo Finance readers, please click here to view the full article.

10. Red White & Bloom Announces Participation in Upcoming Investment Conferences

RWB Will Be Attending the Benzinga and Cantor Investment Conferences in December

Red White & Bloom (OTCQX:RWBYF) announced that the company will be in attendance at two invitational investment conferences during the month of December 2020.

  • Benzinga Small Cap Conference
    • Panel Discussion: Tuesday, December 8th, 2020
    • Presentation: Tuesday, December 8th, 2020 – 1:00PM ET
  • 2020 Cantor Fitzgerald Virtual MSO Cannabis Summit
    • Presentation: Wednesday, December 16th, 2020 – 3:00PM ET

READ FULL RWB ARTICLE

9. Is Compass Pathways a Good Stock to Buy Now?

The Company’s Fresh Look at Psychedelic Drugs is Attracting Lots of Attention

Shares of Compass Pathways (NASDAQ:CMPS) have soared since the company’s recent stock market debut as support grows for the use of popular recreational drugs to combat depression. Can the highly refined version of Magic Mushrooms that Compass Pathways is developing for depression give your portfolio a lift too?

READ FULL COMPASS PATHWAYS ARTICLE

8. Options Listed for MSOS, the First-Ever US Cannabis ETF

AdvisorShares Pure U.S. Cannabis ETF (MSOS) Joins Sister Fund YOLO with Listed Options

AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced that AdvisorShares Pure U.S. Cannabis ETF (NYSE:MSOS) options are now listed for trading. The actively managed MSOS became the first U.S.-listed active ETF to deliver exposure dedicated solely to American cannabis companies, including Multi-State Operators (MSOs).

READ FULL CANNABIS ETF ARTICLE

7. Missed Out on Marijuana Stocks? Psychedelic Stocks Could Be the Next Big Thing

The Market is in its Early Stage, and the Players in the Space Could Have a Lot of Room to Run

It was only a little over five years ago that Canopy Growth (NYSE:CGC), the biggest pot stock based on market cap, was valued at close to $60 million. Today, Canopy’s market cap tops $9 billion. Some investors might feel like they missed out on the early boom for Marijuana Stocks. Don’t worry; the cannabis industry still has plenty of room to grow. If you really like getting in on the ground floor of a hot new market, though, there’s another angle you might want to explore: Psychedelic Stocks.

READ FULL PSYCHEDELIC STOCKS ARTICLE

6. Why is Village Farms stock soaring? Raymond James Explains

Village Farms Had Been Cruising Along at Pretty Well Even for the Year When the Stock Started Taking Off With the Delivery of Strong Third-Quarter Financials on November 13

Even with the recent run-up in share price, Canadian Licensed Producer (LP) Village Farms (NASDAQ:VFF) is still trading at a discount to its peers, says Raymond James analyst Rahul Sarugaser, who delivered a report to clients shedding light on the stock’s strong performance.

READ FULL VILLAGE FARMS ARTICLE

5. Mind Medicine Returns to Trough for Further $25 Million

The Latest Round of Cash Collection Will See Units Sold at a Price of $1.90 Per Unit, With a Total of 13,150,000 Units of the Company to Be Sold

MindMed (OTCQB:MMEDF) continues to take investor dollars, this morning announcing a bought deal private placement for $25.0 million. The financing is to be lead by Canaccord Genuity, who will act as lead underwriter on the transaction. Proceeds from the financing are to be used for the firm’s digital medicine division, microdosing research and development, and general working capital.

READ FULL MINDMED ARTICLE

4. Aphria Closes Acquisition of SweetWater Brewing

The Acquisition is Said to Be Used to “Accelerate Aphria’s Entry Into the U.S. Ahead of Federal Legalization of Cannabis

Aphria (NYSE:APHA) has closed the previously announced SweetWater Brewing Company transaction. The transaction sees one of the largest independent craft brewers in the US now brought under the Aphria banner.

READ FULL APHRIA ARTICLE

3. As Psychedelics Go Mainstream, Can the Industry Keep its Heart?

Mental Health Connection Puts Ethics at the Forefront – Why is Psychedelics Raising These Questions More Than Other Industries?

Sa’ad Shah, the managing partner with Noetic Psychedelics, thinks it’s because the Psychedelics business is uniquely positioned to directly help people’s mental health. That’s the main purpose put forth by those directly involved in the sector. JR Rahn, co-founder and co-CEO of MindMed (OTCQB:MMEDF), previously told INN he wants to see this industry completely change the approach to mental health.

READ FULL PSYCHEDELICS GO MAINSTREAM ARTICLE

2. Analyst Raises Canopy Growth Price Target Ahead of MORE Act Vote

Analysts Are Hyping up Marijuana Stocks Ahead of This Week’s Congressional Vote on the MORE Act

The Analyst: Bank of America analysts Bryan Spillane and Lisa Lewandowski released an analyst note focusing on Canopy Growth (NYSE:CGC). They raised the price target on Canopy stock from CA$30 ($27.06) to CA$42 ($32.37) based upon ~19x CY21e EV/sales, and maintained ‘Buy’ rating on it.

READ FULL CANOPY GROWTH ARTICLE

1. The Ultimate 2020 Guide to Investing in Canadian Psychedelic Stocks

As Groundbreaking Scientific Discoveries Continue to Illustrate the Dynamic Landscape of Psychedelic Medicine, Many Are Seeking to Invest in the Emerging Space

There are currently 12 publicly traded Psychedelic companies, several of which are on the Canadian market. Many Psychedelic enthusiasts and early investors are wondering how to buy Canadian Psychedelic Stocks and whether they should be adding them to their portfolio. This resourceful guide will answer these questions so you can start your journey as a Psychedelics investor.

READ FULL CDN PSYCHEDELIC STOCKS ARTICLE

Photo by Jose Luis Sanchez Pereyra on Unsplash


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