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Inside the Market’s roundup of some of today’s key analyst actions
Pointing to warmer-than-expected winter conditions through the fourth-quarter of 2020 and into 2021 as well as “strong” share price appreciation in recent months, Raymond James analyst Steve Hansen lowered his rating for
Superior Plus Corp. (SPB-T) on Monday, seeing a reduced projected return to his target price for its shares.
Sale Trends
Cannabis sales in Michigan hit $984.6 million in 2020. Medical cannabis sales accounted for $474 million for the year, while adult-use sales reached $510.7 million.
Rhode Island and the Soboba Band of Luiseno Indians received approvals from the U.S. Department of Agriculture (USDA) for its hemp regulatory proposals.
The Christmas and New Year’s holidays marked the single biggest cannabis sales period of 2020. The period between Dec. 18 and Dec. 24 generated roughly $427 million, according to
Akerna (NASDAQ:KERN). The largest sale day of the period was Wednesday, Dec. 23, with $87.3 million, making it the third largest cannabis sales of the year, just behind Green Wednesday with $87.4 million. Exceeding all expectations, New Year’s Eve was the single biggest sales day of 2020 with $89.4 million.
Diagnos, Aphria, Amerigo at 52-Week Highs on News Diagnos Inc. (V.ADK),hit a new 52-week high of 72 cents on Thursday. Diagnos announced the opening of five screening clinics at various locations of Magrabi Hospital & Centers, located in Riyadh, with the help of its Saudi business partner, Kanhoor Medical Co.
Aphria Inc. (T.APHA) hit a new 52-week high of $14.89 on Thursday. Aphria reported its financial results for the second quarter and six months ended November 30, 2020. The company eeports net revenue of $160.5 million, an increase of 33% from the prior-year quarter. Adjusted EBITDA of $12.6 million marks seventh consecutive positive quarter.
Amerigo Resources Ltd. (T.ARG) hit a new 52-week high of 90 cents on Thursday. Amerigo announced 2020 production results from Minera Valle Central, the Company’s 100% owned operation located near Rancagua, Chile. MVC produced 56.2 million pounds of copper at a cash cost of $1.76 per pound and 1.4 M lbs of molybdenum.
Bluma Wellness Inc Provides End-of-Month Operations Update and Financial Highlights for November 2020 businesswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswire.com Daily Mail and Mail on Sunday newspapers.