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?”

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’”

GW Pharma Takes A Step Toward Diversifying

Being a one-trick pony can always prove risky. This rationale seems to have dawned on GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH), a biopharmaceutical company specializing in prescription cannabinoid medicine. Continue reading “GW Pharma Takes A Step Toward Diversifying”