Falling Cannabis Sales Point to Tilray’s (TLRY) Miss

It’s no secret that Tilray’s cannabis sales have been dropping in Canada. In the quarter that ended Nov. 30, Tilray (TLRY) reported net revenue of $155.1M. This figure is considerably lower than consensus expectations of $170M. Tilray correlates the miss with coronavirus-related headwinds, supply-chain issues, and a lower share of the key Canadian market.

Continue reading “Falling Cannabis Sales Point to Tilray’s (TLRY) Miss”

U.S Cannabis Sales Surging – Why Aren’t Shares Responding?

Second-quarter earnings season is almost over. The big winner? The U.S. cannabis industry.

Some of the largest U.S. cannabis companies just reported another quarter of incredible sales growth. In fact, I don’t know of any other sector that is growing this fast. Here is a list of the best reports.

  • Ascend Wellness (OTC: AAWH) revenue was up 236% from last year.
  • Curaleaf Holdings (OTC: CURLF) revenue was up 166% from last year.
  • Green Thumb Industries (OTC: GTBIF) revenue was up 85% from last year.
  • Harvest Health and Recreation (OTC: HRVSF) revenue was up 84% from last year.

With these kinds of results, you would think shares would be surging. However, the cannabis sector remains trapped in a bear market. Continue reading “U.S Cannabis Sales Surging – Why Aren’t Shares Responding?”

Will Cannabis Stocks Soar Again on Q2 Earnings?

The most important time of the quarter has arrived for cannabis stocks.

Earnings season is when companies reveal sales and earnings results for the previous quarter – and just as important, the company provides guidance on what investors should expect for the following quarter.

Quarterly earnings that beat expectations have a documented history of helping shares outperform the broader stock market in the following weeks and months. Continue reading “Will Cannabis Stocks Soar Again on Q2 Earnings?”

Here’s How to Profit from Curaleaf’s 40% Earnings Surprise

It’s one of Wall Streets’ best-kept secrets – a studied market anomaly that helps investors ride a move after a company reports an earnings surprise.

Right now it looks like an elite group of U.S. cannabis stocks are set to jump higher in the next few weeks and months. Continue reading “Here’s How to Profit from Curaleaf’s 40% Earnings Surprise”

Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’

Charlotte’s Web Holdings, Inc. (OTC: CWBHF) followed up its first-quarter report with an announcement Wednesday that it will begin trading on the Toronto Stock Exchange May 31. Continue reading “Charlotte’s Web Says Friday TSX Listing ‘A Milestone For The Overall Industry’”