Cannabis Revenue / Sales Exploding
Cannabis-related revenues for cultivators, licensed producers (LPs), and retailers are making a dramatic comeback after a generally dismal campaign over the past 12 months. And as a result of increased sales (in ways directly or indirectly connected to the COVID-19 pandemic), many publicly-traded companies are seeing the return of share prices to the halcyon days of late 2018 / early 2019. Stockhouse’s Dave Jackson reports.
Weekly Update – Top Cannabis News Stories
1 | Top Story: How this “Tortoise” LP is leading the Canadian cannabis market. A Stockhouse exclusive.
2 | As consumers loaded up on legal pot amid COVID-19 concerns, March cannabis sales soared by 19%.
3 | The latest farm income receipts from StatsCan show that cannabis is now becoming a major agricultural product in Canada.
4 | Aphria to begin trading on Nasdaq Exchange in early June.
5 | Manitoba is now opening cannabis market to more retailers.
Top Cannabis Stocks – May 19 to May 25, 2020
1. T.ACB | 80,790 | Aurora Cannabis Inc.
2. T.APHA | 48,097 | Aphria Inc.
3. T.HEXO | 39,795 | HEXO Corp.
4. T.ZENA | 39,576 | Zenabis Global Inc.
5. V.KLY | 36,554 | Kalytera Therapeutics Inc.
6. C.AGRA | 32,363 | AgraFlora Organics International Inc.
Canadian Cannabis Composite Index
2,058.18 | ▲ 44.70 (2.22%) | 40.7m
Inception Value of 1,000 (Jan. 03, 2017)