Stay Away from These 4 CBD Stocks
CGC – The cannabis industry has been seeing plenty of new opportunities off late thanks to increasing legalization in the United States and the increasing use of Cannabidiol (CBD). However, growing concerns surrounding the legality of CBD in dietary supplements could negatively affect the sales of CBD producers. This, along with uncertainty surrounding the legalization of marijuana at the federal level in the U.S., makes the prospects bleak for financially weak CBD stocks Canopy Growth (CGC), Village Farms (VFF), Charlotte’s Web Holdings (CWBHF), and Neptune Wellness Solutions (NEPT). Let’s discuss.
May 18, 2021
Cannabidiol (CBD) has gained immense popularity recently owing to its growing use in various sectors, such as healthcare, cosmetics and wellness, food and additives. However, a persistent confusion related to CBD and its benefits, coupled with uncertainty surrounding the l
Neptune Wellness Solutions Inc Announces Board of Directors Update prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
May 11, 2021 at 8:47AM
Tobacco companies have the potential to be great partners to the cannabis industry. Both sectors have faced regulatory challenges and many hurdles with promoting their products in ways other industries simply can t relate to. And numerous tobacco companies have already made investments in the cannabis industry over the past few years, including
Altria,
British American Tobacco.
But one notable tobacco company that investors are still looking for a big move from is
Philip Morris International (NYSE:PM). That could soon change: In a recent interview with Bloomberg, the company hinted that it may not be too long before it dives into the cannabis sector.
It is alleged in this complaint that Neptune made misleading and false statements to the market. Neptune suffered from higher costs to integrate the operations and assets of its SugarLeaf acquisition than it acknowledged, which placed a considerable strain on Neptune’s capital reserves. It was reasonably foreseeable that Neptune’s need to raise additional capital through additional stock offerings was reasonably foreseeable. Neptune’s public statements were materially misleading and false throughout the class period, based on these facts. Investors suffered damages when the market learned the truth about Neptune.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than