News

Hemp-Derived CBD Company to Benefit From Multiple Industry Trends The cannabis industry is growing worldwide and cannabidiol (CBD) is a huge part of its success. In the U.S., the most positive estimates predict that the hemp-derived CBD market alone could reach $22 billion by 2022. This expected growth will be spurred, in part, by the legalization of hemp-derived CBD via...

Uber’s IPO : This Unicorn Story a Myth The most anticipated IPO in many years is set for this month, but is the Uber unicorn a real fairy tale.  The price for the UBER ticker symbol is set between $44 to $50 for its public debut on May 10th. 1. Lyft IPO should be a warning. Lyft, the rideshare company and Ubers...

Is Joe Biden Good For Cannabis Industry ? Former Vice President Joe Biden has announced he is throwing his hat in the ring as a candidate in the 2020 Democratic Presidential Primary. The grey haired politician made an appearance on the View last week with all the scripted emotional drama of an E Entertainment “reality show”, the cheers, the hugs and the...

Is Bitcoin Back? A Few Technical Signals To Consider After a brutal 2018 for cryptocurrency investors, bitcoin has bounced back with a vengeance so far in 2019. Bitcoin prices are up 36 percent year-to-date to above $5,000, and a bullish technical signal this week has bitcoin bears on notice. Golden Cross Bitcoin generated a bullish golden cross in its chart on Tuesday when the...

Cannabis Execs Pitch Investors In Toronto; iAnthus CFO Says Market Will Grow To Same Magnitude As Alcohol Investors heard from dozens of top cannabis executives April 17-18 at the Benzinga Cannabis Capital Conference in Toronto. Lift & Co Lift & Co Corp plans to leverage his company's leadership position as a trade marketing platform in Canada to fuel an international expansion, said Matei Olaru, the...

Trump’s Farm Bill Opens the Door for Hemp Cultivation Stocks Last December, Congress voted to legalize hemp cultivation and the production of cannabidiol (CBD) oil in the United States. The bill displayed strong bipartisan support amongst lawmakers and effectively ended an 80-year ban on an overlooked miracle plant that has more than 25,000 recorded uses. Industrial hemp is a commodity that...

​California Cannabis Powerhouse, Harborside, is Another Public Launch on the Horizon Last month, I mentioned the Pax Labs IPO as probably the biggest moment for the cannabis industry next year. Pax is Juul's cannabis-focused sister and the stock will be in high demand as it technically does not touch the plant as it is more of a "Keurig for cannabis"...

5 Cannabis Companies Reporting Soon that You Should be Watching This week and next week, some very important upstarts in the cannabis industry will be reporting. The pending release of revenue numbers is highly anticipated as the nascent cannabis industry's pricing and multiple is largely constructed on square-footage, pending sales, and just sheer speculation. So, this week is a crucial...

With total legalization in effect for only six months, the Canadian cannabis industry remains a tempest in a teapot. Speaking Wednesday to the Benzinga Cannabis Capital Conference in Toronto, 420 Investor author Alan Brochstein moderated a panel of representatives from some of the leading cannabis suppliers serving the Canadian market discussing how their companies have so far approached finding a...

Pinterest to IPO Social Media takes on Wall Street Again The basket of social media stocks will expand Thursday as Pinterest, Inc. joins the ranks of Facebook, Inc. SnapChat and others. Pinterest will issue 75 million shares on the New York Stock Exchange under the ticker "PINS," according to the firm’s S-1 filing. At prices between $15 and $17, the offering represents...