North America

Thu
16
May

Aurora Cannabis sold 9 tons of marijuana last quarter

Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact.

Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening the Edmonton, Alberta-based Aurora Cannabis reported that its net revenue grew 20% from the December period, to reach 65 million Canadian dollars (or US$48.5 million) for the March period. Aurora’s recreational sales grew 37% sequentially.

Thu
16
May

Big box retailers are eyeing CBD from afar

Following in Walmart’s footsteps, multiple large chain stores are prepping for the inevitable day that CBD products will be filling their shelves.

A few weeks ago, Walmart signed a deal with New Age Beverages and, love them or hate them, Walmart has always been good at staying ahead of the trends. Now, other big box retailers are taking heed and working on securing their own contracts for CBD products. Some of these companies include Target, Kroger, and Safeway.

Thu
16
May

Many cannabis companies underperformed in the last quarter

Many cannabis companies have reported smaller sales than expected, and the market is trading down in the light of several mishaps this week.

Cannabis companies in Canada have released their quarterly financial reports, and by the looks of it – things are not going great for some of them.

The stocks of many cannabis companies have been going down this week. Some industry insiders are attributing this to the general downturn of the market affected by the trade war between the U.S. and China.

Industry experts have also pointed out that the supply problems are constantly obstructing the growth of the cannabis market.

Thu
16
May

Aurora doesn’t expect much appetite for cannabis-infused beverages

Aurora Cannabis Inc. (ACB.TO) isn’t planning to invest heavily in cannabis-infused beverages amid concerns about demand for the product, company executives said on Wednesday.

During a conference call with analysts, the Canadian cannabis producer’s executives downplayed the company’s efforts in investing in the pot drinks space as they anticipate “low market share” when the sale of such products becomes legal in Canada later this year.

Thu
16
May

Industrial hemp seeds on board the international space station

Hemp seeds found their way safely aboard the International Space Station last week. But is this the first time cannabis has been in space?

Back in October last year we reported on a mission to send industrial hemp to the ISS for research purposes.

Seeds from Kentucky-grown hemp arrived at the station last Monday local time, carried by SpaceX 17 that launched out of Cape Canaveral early the day before.

The companies behind the venture are Space Tango, Atalo Holdings and Anavii Market. According to the latter, the seeds will stay aboard the ship, housed in a “Space Tango Cube”* and will be returned to Earth in around a month’s time.

Wed
15
May

Marijuana stocks continue to show why they’re so popular

The marijuana stock market has been fueled by a large amount of upward momentum over the course of the past year or so. In that time, we have seen the market shift completely to allow for one of the friendliest investor spaces to be seen. With so much changing in terms of the public opinion of the substance as well as the legislation that surrounds it, it seems as though now is a better time than ever to take a second look at the world of cannabis.

Wed
15
May

The future of cannabis: Trends to watch out for

The value (and fun) in data analysis is its capacity to help divine the future and ascertain where best to invest time, energy and money. A new year hints at what’s coming—giving a clearer view of things ahead.

Wed
15
May

Mary Jane: How the cannabis industry can win women over

The cannabis wave that is washing over the U.S. is finally starting to eschew one of the most egregious stereotypes that the plant is just for men. We know this to be untrue by merely looking at the facts. In 2018 the total number of female cannabis consumers grew by 92 percent. Women currently make up 38 percent of cannabis users, but that is expected to increase to 50 percent by 2022.

Wed
15
May

How banking challenges impede the growth of the cannabis industry today

With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services.

Until legislation like the SAFE Banking Act, which is currently in the House of Representatives, shifts the headwinds, cannabis companies will continue to have limited access to financial products most businesses take for granted. Here are some of the key challenges presented by the cannabis banking landscape today.

Wed
15
May

3 ways marijuana stocks are tricking investors

Early supply-chain issues in Canada and California aside, the marijuana industry really has the feel of a once-in-a-generation growth opportunity. It racked up $12.2 billion in global legal sales in 2018, and Wall Street investment bank Cowen Group is calling for up to $75 billion in worldwide sales by 2030.

Pages

Subscribe to RSS - North America