Cannabis stocks fall across the board as investors lock in recent gains

Cannabis stocks fall across the board as investors lock in recent gains
Cannabis stocks were lower across the board Friday, falling with the broader market as investors locked in some of the week’s gains. The sector is being viewed as a winner in this week’s U.S. midterm elections, where three states approved legalization measures and pro-cannabis governors were elected in several states. The Democratic Party’s success in regaining control of the House... Read More

Pot stocks rally toward sixth-straight gain ahead of midterm elections

Pot stocks rally toward sixth-straight gain ahead of midterm elections
Shares of cannabis companies were broadly higher Tuesday, with the sector headed for a sixth-straight gain, as investors wait for election results to see if two more states–Michigan and North Dakota–will make recreational marijuana legal. The ETFMG Alternative Harvest ETF MJ, +4.21% ran up 4.0%, with 25 of 37 components trading higher. It has gained 19% amid a six-session win... Read More

TSX Ends Notably Higher For 2nd Straight Day

TSX Ends Notably Higher For 2nd Straight Day
The Canadian stock market ended on an upbeat note on Wednesday, extending gains for a second straight day, thanks to better than expected GDP data and gains in global markets. According to the data released by Statistics Canada, Canadian GDP unexpectedly rose 0.1% in August, rising for a seventh straight month. Economists had expected GDP to remain unchanged. The benchmark... Read More

Coca-Cola CEO says he has no plans to enter the cannabis space

Coca-Cola CEO says he has no plans to enter the cannabis space
Coca-Cola Chief Executive James Quincey said Tuesday the company has no plans to enter the cannabis sector. Quincey was responding to an analyst question on the company’s earnings call following public commentary last month that the drinks giant was monitoring the non-psychoactive CBD category, which has drawn in other companies, notably Corona beer maker Constellation Brands Inc. STZ, -1.50% which... Read More

CSBR Down 19% In 4 Days, TLRY & Pot Stocks Losing Steam, MLNT On Watch

CSBR Down 19% In 4 Days, TLRY & Pot Stocks Losing Steam, MLNT On Watch
The following are some of the pharma/biotech stocks that posted the biggest percentage decline today. 1. Champions Oncology Inc. (CSBR) Champions Oncology is engaged in the development and sale of advanced technology solutions and products to personalize the development and use of oncology drugs. Lost 17.93% to close Monday’s (Oct.29) trading at $9.84. News: No news Recent event: On September... Read More

Questionable pot company India Globalization Capital to have trading suspended

Questionable pot company India Globalization Capital to have trading suspended
The NYSE American ICE, -1.49% stock exchange said Monday that it will begin proceedings to delist the common stock of India Globalization Capital Inc. IGC, +0.00% and that the company’s common stock on the NYSE American will be suspended immediately because it has “substantially discontinued the business that it conducted at the time it was listed or admitted to trading,... Read More