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Cannabis Stocks Pare Losses at the Close After Deep Sell-off | Cannabis Business Times

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Cannabis Stocks Pare Losses at the Close After Deep Sell-off

The MJ ETF is down 14 percent this month.

Stock Mkt

October 24, 2018

Canadian marijuana stocks Tilray and Canopy Growth pared deep losses Tuesday as U.S. markets continued their downward slump in October. Aurora Cannabis pared losses after falling sharply following its New York Stock Exchange debut.

Tilray fell 1.4 percent in U.S. trading, while Canopy Growth also slipped 1.4 percent in Canada. An exchange-traded fund that tracks popular pot stocks fell 2.8 percent. Known as the ETFMG Alternative Harvest ETF (MJ), the fund dropped more than 9.2 percent on Monday, its second-worst day ever. The MJ ETF is down 14 percent this month.

Top photo courtesy of Adobe Stock

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TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

Verano Announces $195 Million Senior Secured Term Loan Refinancing Agreement

The new credit facility highlights the company’s ability to access lower-cost regional bank capital to fund strategic growth initiatives.

TerrAscend Reports $65M in Q3 Revenue; Net Loss of $9.5M

The cannabis company also reported its 13th consecutive quarter of positive cash flow from continuing operations.

Green Thumb Industries Reports $291M in Q3 Revenue; Net Income of $23.3M

The cannabis company also reported $74 million in cash flow from operations for the quarter.

Curaleaf Reports $320M in Q3 Revenue; Net Loss of $54.5M

The cannabis company also reported a year-to-date cash flow from operations of $104 million and a free cash flow of $57 million.

Cresco Labs Reports $165M in Q3 Revenue; Net Loss of $22M

The cannabis company also reported a third-quarter operating cash flow of $6 million.

Trulieve Reports $288M in Q3 Revenue; Net Loss of $27M

The cannabis company also reported a year-to-date cash flow from operations of $214 million and a free cash flow of $173 million.

Ascend Wellness Reports $127M in Q2 Net Revenue

The multistate cannabis operator also reported its 10th straight quarter of positive operating cash flow.

Trulieve Announces Registration Statement Filing

The cannabis company has no immediate plans to offer or sell any securities under the shelf registration.

All 4Front Subsidiaries File for Court-Appointed Receiver

The company intends to continue operating during the receivership process and hopes the process will generate value for stakeholders.

Green Thumb Industries Reports $280M in Q1 Revenue

The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.

Tilray Brands Announces Proposed Reverse Stock Split

The global cannabis company also announced a corresponding special stockholders meeting.

Tilray Brands Reports Quarterly Financial Results, Confirms No Tariff Impacts

The global cannabis company generated a net revenue of $186 million in the third fiscal quarter, verifying it has no current impacts from U.S. tariffs.

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