“Given the limited amount of pure-play cannabis stocks available for U.S. investors, it comes [as] no surprise that millennials are concentrating in these positions.”
^ In an email to Fortune, Matt Hawkins, managing principal at Cresco Capital Partners, shared his thoughts on Aurora Cannabis’ recent No. 1 ranking on the trade and investment app Robinhood’s most-held stocks list, ahead of Apple (No. 4) and other major companies. The app is especially popular with millennials and Gen Z users. Source: Fortune
“While we remain happy with our investment in the cannabis space and its long-term potential, we were not pleased with Canopy’s recent reported year-end results.”
^ In a June 29 earnings conference call, Constellation Brands Inc. Chief Executive William Newlands said his company was not pleased with the fourth-quarter earnings of cannabis producer Canopy Growth Corp., in which Constellation holds a 38-percent ownership stake (with options for up to 50-percent ownership in the future). On July 3, Bruce Linton announced he had been fired as Canopy’s CEO. Source: Marketwatch
“Phylos bridged the divide between the cannabis community and rigorous science and made that science accessible and compelling to many. And then it torched that bridge.”
^ Robert C. Clarke, cannabis researcher and Cannabis Business Times columnist, shared his thoughts on why he resigned from the Phylos Bioscience Scientific Advisory Board in the wake of the company’s announcement to start a breeding program. Source: Cannabis Business Times
