New Cannabis Ventures

Cannabis innovator Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) generated revenue of $66.4 million during the company's first quarter. That's up by 60% from the previous quarter. The news was included in Cresco's most recent financial earnings report. The Chicago-...

Trichome Financial Corp. (CSE: TFC) (OTC: TRICF), a finance company focused on the cannabis industry, announced Tuesday the purchase of James E. Wagner Cultivation Corp. (JWC) for $13 million. The Toronto-based company said it plans to restructure the Canadian cannabis company after...

As shelter-in-place orders drag on and the U.S. economy limps through the second quarter, investors, economists and politicians are asking important questions about what the post-outbreak economy will look like and how quickly the U.S. can replace the 26 million jobs it has lost in 2020. Many...

Alan Brochstein, founder of 420 Investor and New Cannabis Ventures, joined Benzinga’s PreMarket Prep show Monday to discuss how the cannabis industry and its main players are navigating the looming recession. In recent weeks, some financial commentators have viewed the recent...

It has been a brutal couple of years for cannabis investors. With most leading stocks down even further since the COVID-19 outbreak, cannabis investors are now weighing whether to cut their losses or buy the dip in a bet on a rebound ahead. Alan Brochstein, author of the 420 Investor and founding...

Medical cannabis was legalized in Utah with the December 2018 passage of the Medical Cannabis Act, legalizing medical cannabis in the state. In January 2020, the Utah Department of Health provided 14 medical cannabis pharmacies with licenses: Beehive’s Own (two licenses) Bloom...

It has been a brutal year for cannabis investors. Heading into 2020, cannabis investors are now weighing whether to cut their losses or buy the dip in a bet on a rebound ahead. Alan Brochstein, author of the 420 Investor and founding partner of New Cannabis Ventures, recently discussed his outlook...

The cannabis company Noa Botanicals has about 50% market share on the Hawaiian island of Oahu and intends to expand its presence to the continental U.S., founder and CEO Brian Goldstein said in an interview with New Cannabis Ventures.  The Meaning Of 'Noa' Since Hawaii is an...

On Thursday, yet another analyst joined the growing chorus saying marijuana stock valuations are getting overheated.  The Analyst Northland Capital Markets analyst Mike Grondahl downgraded Tilray Inc (NASDAQ: TLRY) from Outperform to Market Perform and removed its $60 price target. The Thesis...

Cannabis stocks were again smoking Wednesday after Cronos Group Inc (NASDAQ: CRON) announced a partnership with Ginkgo Bioworks before to produce cannabinoids at scale. Analysts are optimistic about the future for the marijuana industry, but even cannabis bulls are increasingly skeptical of market...

Citron Research, which is known for its short theses, released a new report Thursday targeting red-hot cannabis stock Cronos Group Inc (NASDAQ: CRON). Background Prior to Citron’s report, Cronos stock had skyrocketed 56.1 percent in the past week. The bullish momentum in the cannabis space...

Tilray Inc (NASDAQ: TLRY) and other U.S.-listed cannabis stocks stayed hot Wednesday after Tilray exceeded expectations with its first public earnings report. What Happened On Tuesday, Tilray reported a 95.2-percent rise in revenue in Q2 to $9.7 million. Total kilogram equivalents sold were 1,514...

Marijuana stocks stayed hot Monday after Novia Scotia Liquor Corporation named Tilray Inc (NASDAQ: TLRY) and a number of other marijuana companies as its major suppliers. What Happened? NSLC announced Friday a major purchase order for marijuana products ahead of the launch of the adult-...

GW Pharmaceuticals PLC-ADR (NASDAQ: GWPH) made history Monday when the company’s Epidiolex became the first cannabis-based drug ever approved by the FDA. New Cannabis Ventures and 420 Investor founder Alan Brochstein joined the PreMarket Prep trading show on Tuesday to discuss the...

Despite Friday’s rebound, this was a bad week for the U.S. stock market. Cannabis stocks followed a very different trajectory, with the United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., posting a loss of 2.34 percent Friday, but still closing the week...