Page 47 - Irwin Simon News Today

Shares in cannabis growers and distributors dropped for a second straight week, falling with the broader market and on rising concerns about partisan sniping.

One of these stocks stands out as the clear winner.

There are a few things to consider first.

The Global X Cannabis ETF has benefitted from improving investor sentiment as the legalisation of marijuana sales across the US continues.

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Image source: Getty Images Cannabis stocks have been on a tear in 2021, all since the election south of the border. With the United States seeing several new states legalize recreational cannabis use, there was even more excitement when Joe Biden became President. His administration announced before the election it would see the decriminalization of marijuana under his presidency. While this isn’t federal legalization, it’s an enormous step. The country seems to have dec...

Simon made the remarks in an interview on "Closing Bell" alongside Tilray CEO Brendan Kennedy. In December, the Canadian companies announced plans to merge in all-stock deal that would create the biggest cannabis producer by sales in the world. "Theres a lot of unknown about what will happen in the U.S. but well have the balance sheet, well have the knowledge, well have the brands, well have the technology to be able to make a major impact once legalization happens," Simon said. "I say full leg...

The prospect of cannabis legalization in the US is giving the industry a boost, and could fuel a wave of deals.

Tilray Stock Has Shown Lots of Progress, but the Valuation Is Frothy InvestorPlace 2/22/2021 Ahead of its earnings report, Tilray (NASDAQ: TLRY) came under some pressure. Note that TLRY stock fell about 9% or so. Then again, many other cannabis stocks fell as well. © Provided by InvestorPlace marijuana stocks Hand gently holding rich soil for his marijuana plants But volatility is nothing new for Tilray. For the most part, Wall Street liked the performance for the quarter. Revenues rose b...

2/19/2021 11:26:14 AM GMT | By Stocks Reporter NASDAQ:APHA drops by 6.70% as the broader markets experience a small correction on Thursday. Aphria and Tilray both crash as the cannabis heavyweights prepare for their impending merger. Analysts side with Aphria as Tillray continues to get downgrades from Wall Street. NASDAQ:APHA has had a stellar 2021 so far like much of the cannabis industry has, but that came to a screeching halt on Thursday as the broade...