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Earlier this month, we highlight the consolidation trend that we have seen in the legal cannabis industry as the trend has shown no signs of slowing down. HEXO Corporation (TSX: HEXO) (NYSE: HEXO) is a Canadian Licensed Producer (LP) that has been highly focused on making strategic acquisitions that will…

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…

Earlier this week, Tilray, Inc. (TLRY: TSX) (TLRY: Nasdaq) filed a few documents with the United States Securities and Exchange Commission (SEC) that reported a sale of more than 600,000 common shares. The stock sale is valued at more than $8.8 million and we find the transaction to be worth…

Aurora Cannabis Inc. (ACB: TSX) (ACB: NYSE) is under pressure in pre-market trading after reporting third quarter financial results that missed expectations. Following the earnings report, several broker-dealers issued new ratings and price targets on the Canadian cannabis producer. We find the changes to be significant and have highlighted them…

HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced Purchase and Sale Agreements in relation to its first US production facility, through a wholly owned US subsidiary. The ~50,000 sq. ft. facility, located in Northern Colorado, will provide US CPGs and consumers access to the Powered by…

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced its financial and operational results for the third quarter of fiscal 2021 ended March 31, 2021 . "Consistent with many of our peers, the quarter presented challenges in the Canadian adult-use segment.…

HEXO Corp. (TSX: HEXO; NYSE: HEXO) is pleased to announce its partnership with REQ , a leader in digital marketing and brand reputation. As U.S. Agency of Record, REQ will assist HEXO as it continues to expand its footprint in the U.S. and ramps up to support the growth initiatives…

Tilray, Inc. (TLRY: TSX) (TLRY: Nasdaq) tried to pull a fast one on the market and quietly reported quarterly financial results without a issuing a press release or holdings a conference call. After reading into the numbers, we are not surprised by Tilray’s decision to quietly announce its last quarterly…

Last week, Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) released first quarter financial results and the numbers came in lower than we expected During the quarter, Cronos reported an adjusted EBITDA loss of $37.1 million on $12.6 million of revenue. When compared to the same quarter last year, the size of…

Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today released a Marketing Code designed to responsibly move the emerging cannabis industry forward. Cronos Group believes that those below the legal age of consumption should not be targeted in an adult-use cannabis market. Cronos Group recognizes there…