Investors should tread very carefully with these stocks. Investors should be wary when it comes to cash-burning companies. These are businesses that aren't generating positive cash flow from their day-to-day operations. Not only does that mean their operations aren't sustainable, but it might mean their future survival depends on new sources of funding. That includes new share offerings, which dilute investors and send stock prices crashing. Three cash-burning stocks that are particularly concerning are Can ...

The latest trading session saw Canopy Growth Corporation (CGC) ending at $7.60, denoting no adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 1.08% for the day. Meanwhile, the Dow experienced a rise of 0.75%, and the technology-dominated Nasdaq saw an increase of 2.64%. Heading into today, shares of the company had gained 21.41% over the past month, outpacing the Medical sector's gain of 0.71% and the S&P 500's loss of 0.44% in that time. The investment co ...

Marijuana stock investors are prepping for future trading. Many who are invested in cannabis are focused on the long term. With how volatile the sector can be there have been some moments to take profits. However, with the need for better regulations and all-around reform planning for the future is where many feel the money is. Currently, there is no federal reform in place even with the DEA's approval to reschedule cannabis. There is still much more to be done to help the sector reach better efficiency. Ye ...

● • ● Canadian Gold Corp. Commences Phase 3 Drill Program at Tartan Mine July 30, 2024 4:30 PM EDT | Source: Canadian Gold Corp. Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") is pleased to provide an exploration update for the Tartan Mine property, located near Flin Flon, Manitoba. Phase 3 Drill Program Initial Focus: Expanding the Hanging Wall Zone & Main Zone The Phase 3 Drill Program is now underway at the Tartan Mine. The Company ...

Following the release of its first quarter fiscal year 2025 financial results, Canopy Growth will host an audio webcast with David Klein, CEO and Judy Hong, CFO on August 9, at 10 AM Eastern Time. A replay will be accessible by webcast until 11:59 PM ET on November 7, 2024 at: https://app.webinar.net/Lm5q6QW1Apv Canopy Growth has also established a comprehensive ecosystem to realize the opportunities presented by the U.S. THC market through an unconsolidated, non-controlling interest in Canopy USA, which ow ...

Chances for near-term marijuana legalization just improved by quite a lot. Four years ago, plus or minus a few months, then-Senator Harris made news when, in the course of a debate with then-VP Mike Pence, she promised that a Biden-Harris administration would "decriminalize marijuana, and we will expunge the records of those who have been convicted of marijuana." Potentially, quite a lot. Over the weekend, as you may have heard, President Joe Biden announced he will not run for reelection this year, and Vic ...

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.92% higher. Canopy Growth Corporation is currently a Zacks Rank #3 (Hold). In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.07 per share and a revenue of $21 ...

The Company issued 1,968,750 flow through shares at a price of $0.16 per share for gross proceeds of $315,000 in its first tranche closing on June 21, 2024, and on July 17, 2024 the Company issued: (i) 7,625,000 flow through shares at a price of $0.16 for gross proceeds of $1,220,000; and (ii) 714,250 common shares at a price of $0.14 for gross proceeds of $99,995. Toronto, Ontario--(Newsfile Corp. - July 17, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces the completion ...

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.07 per share and revenue of $219.95 million. These totals would mark changes of +73.58% and -10.04%, respectively, from last year. In the latest market close, Canopy Growth Corporation (CGC) reached $6.50, with a +0.31% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciate ...

Here's a look at how the company and the stock have fared since then, and if Canopy Growth has indeed become a better buy. Constellation Brands was a key investor in the business, and the cannabis producer's poor financials were hurting its own numbers. Klein came over from Constellation, presumably to help clean up the business and improve the financials. The stock has taken a beating in five years Overall, there's no compelling reason to say that Canopy Growth is in a better situation today than it was fi ...