Voters in Arkansas, Maryland, Missouri, North Dakota and South Dakota are weighing in on legal cannabis today, with measures on the ballot in each of those states. The state most Read more
Tag: CURLF
Curaleaf earnings show legal U.S. weed sales flattening out as prices decline
U.S. cannabis producer Curaleaf Holdings Inc. on Monday reported a bigger loss than expected during its third quarter, amid what it said were “unexpected revenue impacts” in Florida and New Read more
Maryland, Missouri voters seen as more cannabis-friendly as pot ballots await in five states
U.S. voters in five states facing ballot questions on cannabis on election day will likely deliver divided results, according to polls. Maryland and Missouri are expected to give the green Read more
Analysts mixed on complex Canopy Growth maneuver to create Canopy USA business
Stifel analyst W. Andrew Carter reiterated a sell rating on Canopy Growth Inc. on Wednesday as he threw shade on the company’s proposal to create Canopy USA to hold its Read more
Leaked draft of German government’s cannabis reform would ban imports — for now
A leaked document from German health minister Karl Lauterbach that lays out the regulatory framework to legalize cannabis includes many positive steps, but could temporarily decrease supply with a ban Read more
Cannabis stocks rocketed to record day after Biden lit the fuse
Cannabis stocks shot to record gains Thursday after President Joe Biden formally sought to review how marijuana is classified under federal law, a change that pot companies in the U.S. Read more
Analyst slashes revenue outlook for Trulieve, Curaleaf, Canopy, Cronos as cannabis business takes a hit
Jefferies analyst Owen Bennett trimmed revenue expectations for four major cannabis names from the U.S. and Canada, but kept his ratings intact on the heels of quarterly updates from Curaleaf Read more
Curaleaf CEO sees cannabis as recession resistant, but stock falls after wider loss
Curaleaf Holdings Inc. Chief Executive Matt Darin said inflation impacted some of the cannabis company’s customers, but it still managed to beat its revenue target despite a wider quarterly loss. Read more
Seaport Global touts discounted cannabis stocks as a recession play
Seaport Global Securities LLC analyst Sonny Randhawa on Friday launched coverage of eight U.S. cannabis companies and assigned buy ratings to all of them as an undervalued group. He predicted Read more
Cannabis debt holds up better than stocks in brutal 2022
While 2022 has been devastating for cannabis stocks amid lackluster prospects for federal legalization, debt prices in some larger U.S. cannabis companies have fared relatively well, market observers said. Curaleaf Read more