Cannabis Watch: The $4 billion time bomb ticking away inside the biggest marijuana companies [MarketWatch]
The $4 billion time bomb ticking away inside the biggest marijuana companies As pot-stock mania gripped North America in 2018, a bidding war struck up for a relatively small marijuana-growing property in a Toronto suburb. The 9,000-square-foot facility was only capable of growing about C$12 million ($9 million) worth of pot in a year, but that didn’t seem to matter. Marijuana companies were surging in interest and market cap as Canada planned to legalize recreational pot sales, and companies that established at least one cultivation license were receiving beneficial treatment from Health Canada, which meant snagging the property and its accompanying license could lead to a legitimate growing business in more ways than one. RavenQuest BioMed Inc. RVVQF, +2.35% RQB, +2.13% eventually “won” the bidding, agreeing to pay nearly C$30 million. But after Health Canada stopped expediting requests from license holders, RavenQuest was unable to capitalize on its purchase in the way it had
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- Aurora Cannabis Inc (NYSE: ACB) was upgraded by analysts at Zacks Investment Research from a "hold" rating to a "buy" rating. They now have a $14.00 price target on the stock.MarketBeat
- Better Buy: Aurora Cannabis vs. Cronos Group [The Motley Fool]The Motley Fool
- Aurora Cannabis Inc (NYSE: ACB) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "hold" rating.MarketBeat
- Aurora Cannabis (ACB): Transformation on Track [Yahoo! Finance News]Yahoo! Finance News
- Medical vs. Recreational Cannabis: Which Is the Future? [The Motley Fool]The Motley Fool
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