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
Tag: MSOS
Analysts see no lift for downbeat cannabis stocks from Chuck Schumer’s bill
An ambitious and long-awaited cannabis bill from Senate Majority Leader Chuck Schumer is unlikely to pass and will not likely stoke interest in U.S. cannabis stocks, analysts say. While the Read more
Chuck Schumer leads wide-ranging Senate bill to remove cannabis from federal list of controlled substances
Sen. Chuck Schumer on Thursday introduced a bill to tax and regulate cannabis and remove it from the federal list of controlled substances, but while it’ll open up the marijuana Read more
Short positions ease back on cannabis stocks, but shares remain deeply in the red
Short interest in cannabis stocks has fallen in a sign that investors are placing fewer bets that the sector will weaken, according to fresh numbers this week. But cannabis stocks 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