Analysts' Rating Updates for CRON, APHA, and CNTTF in January(Continued from Prior Part)Cronos’s ratings Cronos Group (CRON) has become a fundamentally stronger company after it was partly acquired by Altria on December 7. Just last week, on
Analysts' Rating Updates for CRON, APHA, and CNTTF in JanuaryRatings for three more stocks Last week we released analysts’ price target and rating updates for Canopy Growth (WEED)(CGC), Aurora Cannabis (ACB), and Tilray (TLRY). Read the full
Aphria advised its shareholders to take no action on the formal offer presented late Tuesday, with terms identical to an informal proposal made public last month. Columbus, Ohio-based Green Growth offered 1.5714 shares per Aphria share and plans to complete a third-party equity financing of C$300 million at C$7 a share. “We are determined to protect Aphria shareholders from opportunistic offers that fail to reflect the substantial value and growth prospects we have built at Aphria,” the company said in a statement.
With the sheer amount of buzz surrounding the healthcare sector, it stands to reason that companies looking to design and try new approaches to traditional care offerings, such as combining the complex medical applications of cannabis with integrative healthcare frameworks, could create potential opportunities. Premier Health Group (PHGRF) (PHGI), CV Sciences Inc (CVSI), Castlight Health Inc (CSLT), and Aphria Inc (APHA) (APHA) are four healthcare companies determined to pioneer the best quality treatments and products for consumers. Premier Health Group (PHGRF) (PHGI) is a company focused ...
CRON, CGC, TLRY: Rounding Up Cannabis Stocks TodayRounding up cannabis stocksAs of noon Eastern Time today, the Horizons Marijuana Life Sciences Index ETF (HMMJ) and ETFMG Alternative Harvest ETF (MJ) were trading 44 and 89 basis points lower,
Will 2019 Be the Year of Acreage Holdings?About Acreage HoldingsAcreage Holdings (ACRG-U) (ACRGF) is a vertically integrated cannabis company that operates in multiple regions across the United States. In 2018, the company continued to acquire
These Cannabis Stocks Rose YesterdayCannTrust Holdings Between January 18 and yesterday, CannTrust Holdings (CNTTF) stock rose ~10.29% to $6.85 from $6.21. This year, it has risen ~42% to $6.84 from $4.82. Yesterday, CannTrust was ~43% below its
U.S.-based cannabis producer Green Growth Brands made a formal offer to Aphria shareholders to acquire the company Tuesday, nearly four weeks after the Ohio company originally announced plans for the bid. Green Growth (ticker: GGBXF) offered (APHA) (APHA) shareholders 1.5714 shares of Green Growth stock for each outstanding Aphria share. The all-stock deal would value Aphria at roughly C$2.8 billion, according to Green Growth’s math, which values its own shares higher than the market does.
Cannabis Players' Valuations: Which Stocks Look Cheap in January?(Continued from Prior Part)A valuation comparison In the previous article, we discussed the cannabis industry’s median EV-to-EBITDA (enterprise value-to-EBITDA) multiple. In this
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2019) - Goldsource Mines Inc. (TSXV: GXS) (OTCBB: GXSFF) (FWB: G5M) ("Goldsource" or the "Company") is pleased to report a new high-grade discovery from the first two diamond core hole results based on the ongoing exploration program at the Salbora target ("Salbora"), Eagle Mountain Gold Project ("Eagle Mountain" or "Project") in Guyana. Salbora is located approximately 1.5 kilometres northwest of Eagle Mountain.The Company's first two diamond core holes ...
VANCOUVER , Jan. 23, 2019 /CNW/ - RYU Apparel Inc. (TSXV: RYU, OTCQB: RYPPF) ("RYU" or the "Company"), creator of urban athletic apparel, is pleased to announce that it proposes a non-brokered private placement offering (the "Offering") to raise up to $6,000,000 by the issuance of up to 80,000,000 units (each, a "Unit") at a price of $0.10 per Unit less the maximum discount of 25% permitted under TSXV policies in one or more tranches. The Company has received several calls from investors inquiring as to whether a stock consolidation is being proposed by the Company at this time. In ...
CROP INFRASTRUCTURE CORP. (CSE:CROP) (CRXPF) (2FR.F) announced today its 49% owned subsidiary Elite Ventures has now completed its genetics, tissue culturing and micropropagation laboratory at the company’s Nevada THC farm. The lab will provide 10,000,000 plant starts for the company’s 2,115 acres of CBD farms. In addition, the lab will also develop proprietary genetics to maximize yields and provide the company a production and quality lead with some 100 photocannabinoids, beginning with cannabinol (CBN) and cannabigerol (CBG).
Tilray Acquires Natura Natural Holdings to Expand Its CapacityAnother acquisition On January 22, Tilray (TLRY) entered into a definitive agreement to acquire Natura Natural Holdings to expand its production capacity. The acquisition will provide
Green Growth Brands Inc (OTC: GGBXF) walked the talk by launching a hostile bid for cannabis producer Aphria Inc (NYSE: APHA), and the latter promptly retorted by advising its shareholders not to take any action on the offer. The hostile offer was formally launched Wednesday, and will remain open till 5 p.m. Toronto time May 9, Green Growth said. The offer calls for exchanging each of Aphria shares for 1.5714 shares of Green Growth. MarketWatch first reported on Green Growth's formal offer.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Green Growth Brands Inc has formally ...