Cannabis stocks rallied last week as investors' legalization optimism increased ahead of potential reform legislation.
U.S. Rep. Nancy Mace, a South Carolina Republican, unveiled legislation Monday that would deschedule cannabis on a federal level and impose lighter taxes, but the cannabis rally has since cooled off.
SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) announced term-loan financing with Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and two of its shareholders Pura Vida
Trulieve Opens First Store In West Virginia
Cannabis multi-state operator Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) has debuted its first store in West Virginia last week.
The Best Daily Pre-Market Overview Of The Cannabis Space
Michigan cannabis sales up 58.8% year over year.
MSOS ETF continues to see a strong volume.
Q3 Earnings Continue for Cannabis Stocks:
Are Cannabis multiples too low, and how do we know? To answer this question, we collected and summarized data on 266 companies across nine different industries, which we believe to be the most similar to cannabis. Tobacco and alcohol, for example, are both frequently mentioned in this context.
With earnings season underway, investors should be closely watching top cannabis stocks over the coming weeks.
Some of the largest cannabis MSOs in the U.S. are about to publish their quarterly financial reports and Cantor Fitzgerald’s Pablo Zuanic provided third-quarter estimates for the ten companies within the group.
Cannabis-focused REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) released its third-quarter earnings on Wednesday with total revenue of around $53.9 million, up by 57% year-over-year from $34.3 million.