Industry Overview - Cannabis stocks are becoming increasingly profitable, with Canopy Growth (CGC) rising from $2.75 to $11.57 recently, currently at $6 [1] - Public support for cannabis legalization in the U.S. is at 88%, with potential legalization in Florida and Germany's recent legalization possibly influencing Europe [1] Company Analysis: Innovative Industrial Properties (IIPR) - IIPR is currently oversold at $94.23 and has a yield of 7.73% [2] - Recent earnings showed funds from operations (FFO) at $2.07, exceeding expectations, and revenue at $79.2 million, up from $70.5 million year-over-year [3] - The company collected 100% rent in the last quarter, and cannabis rescheduling could enhance cash flow for IIPR tenants [3] Company Analysis: Trulieve Cannabis (TCNNF) - TCNNF is trading at $10.74, with a potential target of $13.75 [5] - If Florida legalizes adult-use cannabis, it could significantly impact Trulieve, with the state's medical marijuana market projected to generate $2 billion annually [5] - Trulieve funded $40 million for the legalization initiative and has increased its retail locations to 192 [5] Company Analysis: Aurora Cannabis (ACB) - ACB has seen a price increase from around $3 to $8.88, currently at $6.46, with potential growth linked to the Florida legalization vote [6] - The company is on track for its strongest fiscal year, with five consecutive quarters of positive adjusted EBITDA and significant international revenue growth [7]

Aurora Cannabis Inc. (ACB) closed the latest trading day at $6.46, indicating a -1.15% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq lost 2.05%.Coming into today, shares of the company had gained 70.18% in the past month. In that same time, the Medical sector lost 6.4%, while the S&P 500 lost 2.57%.The investment community will be closely monitoring the performance of Aurora Cannabis Inc. in its fo ...

Leading Canadian Cannabis Companies to ConsiderAs we move into mid-April 2024, Canadian marijuana stocks are capturing the attention of investors, given the ongoing developments and shifts in the global cannabis market. Stocks like Tilray, Canopy Growth, and Aurora Cannabis are notable for their robust international operations and diverse product lines. Tilray, for example, has expanded its presence in the U.S. through acquisitions like MedMan, positioning it well to capitalize on potential market expansion ...

If even Tilray can't make money from marijuana, what hope does any company have?Tuesday is turning into a lousy day to own marijuana stocks, as bad news from cannabis company Tilray Brands (TLRY -19.30%) is taking a toll on pretty much every other marijuana stock out there. Tilray reported a miss on sales this morning and a $0.12 per-share net loss.Shares of Cronos Group (CRON -1.86%), Canopy Growth (CGC -8.74%), and Aurora Cannabis (ACB -8.55%) are all suffering as a result, down 3.5%, 7.8%, and 8.5%, resp ...

What is the safest way to bet on SAFER marijuana banking reform?Marijuana stocks glowed green again on Monday due to news of progress on marijuana banking reform in Congress. According to Senate Majority Leader Chuck Schumer (D-N.Y.), the Senate is on course to pass new cannabis banking rules in the not-too-distant future. And while we've heard this song before, investors are starting to hum along again anyway.As of 10:35 a.m. ET, shares of Canopy Growth (CGC -0.07%) were up about 0.3%, Cronos Group (CRON 0 ...

Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run. As always, the answer is probably in the middle of those two extremes. But due to uncertainty surrounding the Federal Reserve's interest rate cuts, investors are stuck in a holding pattern until more data defines the country's fiscal path.Since bargains become popular when times are uncertain, we’d like to introduce a new weekly segment: Cheap Seats. Every week, we will prof ...

Aurora Cannabis Inc (TSE: ACB) is up another 35% on Wednesday after an industry executive became president of the Cannabis Council of Canada.What does it mean for $ACB? Copy link to section C3 picked Paul McCarthy as its president today. McCarthy has previously served as the head of corporate policy and international implementation at peer Canopy Growth. According to Rick Savone – a senior vice president of Aurora Cannabis who also chairs the Cannabis Council of Canada:We are confident that under his leader ...

Cannabis stocks are on the move Tuesday after the Florida Supreme Court approved the ability to add recreational marijuana use to the state’s November ballot.This measure will have residents of Florida voting for or against a new amendment that would allow the use of the drug. The court voted five to two in favor of allowing the amendment to be on the ballot.Here’s what Justice Jamie Grosshans said about the decision in a statement collected by CBS News.“Our role is narrow — we assess only whether the amend ...

Key PointsSeveral cannabis stocks surged dramatically over the previous month, igniting the sector as gains reached double- to even triple-digits in some cases.Vice President Kamala Harris supports federal marijuana legalization and urged the DEA to reschedule the drug.Germany passed a law fully legalizing marijuana, effective April 1, including possession, home growing, and distribution among social clubs.5 stocks we like better than Canopy GrowthVarious themes and sectors garnered buzz and attention as th ...

NASDAQ | TSX: ACB The Expected De-scheduling of Cannabis to Fuel Expansion of the Medical Cannabis Market in Germany EDMONTON, AB, April 1, 2024 /PRNewswire/ -- Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) – a Canadian based leading global medical cannabis company, applauds the German government's final endorsement of cannabis legalization, marking a significant step forward in bolstering patient access to medical cannabis with the official passing of the Cannabis Act. This change presents long overdue ref ...