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|View sprwf Detailed Price Forecast - CNN Money||View sprwf Detailed Summary - Google Finance|
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Cannabis stocks rally after Aurora posts first earnings of December quarter
Posted on Wednesday February 13, 2019
Cannabis stocks were higher across the board on Tuesday, as investors digested the first earnings reports of the season and a first look at a pot banking bill that Democrats are hoping to pass in 2019.
Supreme Cannabis narrows loss as revenue soars
Posted on Tuesday February 12, 2019
Supreme Cannabis Co. Inc. said Tuesday it had a net loss of C$1.55 million ($1.17 million), or 1 cent a share, in its fiscal second quarter to Dec. 31, narrower than the C$2.03 million, or 1 cent a share, posted in the year-earlier period. Revenue rose to $7.72 million from $1.68 million. With only two analysts covering the stock, there are no reliable consensus estimates. The company said it made its first shipments of 7 Acres branded cannabis to six of Canada's provincially regulated adult-use channels in the quarter. It announced an international partnership with Khalifa Kush Enterprises to develop and launch cannabis products for the Canadian and international markets, excluding the U.S. U.S.-listed shares were not active premarket, but have fallen 14.7% in the last 12 months, while the S&P 500 has gained 2.0%.
Supreme Cannabis Announces Q2 2019 Financial Results
Posted on Tuesday February 12, 2019
TORONTO , Feb. 12, 2019 /CNW/ - The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (FIRE.TO) (SPRWF) (53S1.F), announced the release of its financial and operating results for the three and six months ended December 31, 2018 . Q2 2019 revenue for the Company was $7.72 million , a 359% increase from Q2 2018 ( $1.68 million ) and a 50% increase from Q1 2019 ( $5.14 million ). Q2 2019 net comprehensive loss for the Company was $1.55 million , compared to a net loss of $2.03 million in Q2 2018 and a net loss of $5.39 million in Q1 2019.
These 4 Marijuana Stocks Could Surpass February Highs
Posted on Monday February 11, 2019
CORAL GABLES, FL / ACCESSWIRE / February 11, 2019 / The marijuana stock market has occupied media headlines over the course of the past couple of years, during the course of which top players in the industry saw huge boosts in investor interest. In recent news, lawmakers have pushed for the passing of legislation in favor of legalizing marijuana, and as a result, the marijuana stock market has responded well. ParcelPal Technology Inc (PTNYF) (PKG), along with other companies in the industry, is taking advantage of the fact that we are seeing a steady increase in consumer approval of cannabis and its myriad of uses.