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After leading Canadian Licensed Producers (LPs) announced quarterly financial results that came in lower than what many broker-dealers expected, several firms have issued new ratings and/or price targets on several LPs. Several of the price target decreases are substantial and we find the changes to be worth highlighting. We attribute…

As pro-cannabis legislation advances in the United States (US), we have noticed increasing interest in the companies that are capitalizing on it.  One of the biggest potential catalysts for the cannabis sector would be the passing of the SAFE Banking Act and we are favorable on how the industry is…

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it has scheduled a conference call to discuss the results for its third quarter fiscal year 2021 on Thursday, May 13, 2021 at 5:00 p.m. Eastern Time . Miguel Martin ,…

One of the most exciting trends in the global cannabis industry is related to the US market and how it has been reporting impressive growth on a year-over-year basis. During the last few years, we noticed a trend where broker-dealers or market research firms that are focused on the cannabis…

In the early months of the COVID pandemic, many people questioned the future of the cannabis industry. After the sector was declared to be an essential industry, many US operators were able to breathe a sigh of relief. The US cannabis sector will come out of the pandemic stronger than…

Last week, the Mexican Chamber of Deputies approved new legislation that would legalize recreational cannabis. The amended legislation has been sent back to the Senate and the market is highly focused on how the bill advances from here.  The Chamber of Deputies made revisions to the legislation that was passed…

After publishing an article that covered the potential for Mexico to legalize recreational cannabis, we noticed that is significant interest in the vertical. According to leading cannabis market research firm New Frontier Data, Mexico’s annual cannabis sales would be between $1.8 billion and $2 billion. Following the uptick in interest,…

Aurora Cannabis Inc. (the " Company " or " Aurora ") (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced it has filed a new preliminary short form base shelf prospectus (the "Base Shelf Prospectus") with securities regulators in each of the provinces of…

Earlier this month, we highlight Aurora Cannabis Inc. (ACB.TO) (ACB) after it was upgraded by a leading broker-dealer that covers the cannabis industry. The market responded favorably to the bullish analyst call and the stock responded favorably. Although the market initially responded favorably to the upgrade, Aurora Cannabis traded well…

Last week, Aurora Cannabis Inc. (ACB.TO) (ACB) released second quarter financial results and the market responded negatively to the numbers. Following the earnings report, several leading Canadian and US broker-dealers responded with the following: ATB Capital Markets raised its price target to $13 from $10.50 (CAD) MKM Partners changed its…