The Week In Cannabis: An Earnings Avalanche, Biden’s Clemency Plans, Cuomo’s Resignation And More
Below is a recap of the main news related to the cannabis industry and markets for the week of August 13, 2021, which was marked by earnings reports out of many of the largest companies in the space – all details below.
Hydrofarm Holdings Q2 Revenue Jumps 46.7% YoY To $133.8M, Raises Full Year Guidance Based On Important Acquisitions
Hydroponics equipment manufacturer Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), announced its second-quarter financial results Thursday with net sales of $133.8 million, missing Seeking Alpha's estimates by $2.2 million. The revenue improved 46.7% year-over-year.
Hydrofarm Holdings Group Q2 EPS $0.30 Beats $0.19 Estimate, Sales $133.80M Beat $131.94M Estimate
Hydrofarm Holdings Group (NASDAQ:HYFM) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.19 by 57.89 percent. This is a 150 percent increase over earnings of $0.12 per share
Earnings Scheduled For August 12, 2021
Companies Reporting Before The Bell
• Anavex Life Sciences (NASDAQ:AVXL) is estimated to report earnings for its third quarter.
Understanding Hydrofarm Holdings Group’s Unusual Options Activity
Shares of Hydrofarm Holdings Group (NASDAQ:HYFM) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $49.84.
Understanding Hydrofarm Holdings Group’s Unusual Options Activity
Shares of Hydrofarm Holdings Group (NASDAQ:HYFM) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved up to $49.62.
Hydrofarm Holdings Continues Buying Spree With $83M Purchase Of Greenstar Plant Products
Hydroponics equipment producer Hydrofarm Holdings Group (NASDAQ: HYFM) confirmed Tuesday it has acquired a Canadian nutrient business
Hydrofarm Acquires Nutrient Company Greenstar Plant Products For $83M
Hydrofarm Holdings Group Inc (NASDAQ:HYFM) closed on the acquisition of Canadian nutrient company Greenstar Plant Products, Inc., manufacturer of the Grotek and…