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Weed stocks are trading at astronomical valuations despite not being able to operate in the US

Weed stocks valuations approach 100x sales despite the fact they cannot operate in the US. Federal legislation is required to operate in the US.
Nelson Peltz founding partner of Trade Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016.

Billionaire Nelson Peltz is getting into the cannabis business

The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser, sending shares up 8.5% early Wednesday.

The first Wall Street bank to follow marijuana stocks just added 2 major names to its coverage universe. Here’s what it’s saying.

Cowen, the first major Wall Street bank to follow marijuana stocks, added Cronos Group and Aurora Cannabis to its coverage.
CannTrust

The cannabis producer Cronos is selling its stake in a medical-marijuana facility to rival Aurora Cannabis

Marijuana producer Cronos on Monday announced that it has sold its 19% stake in Whistler Medical Marijuana to rival Aurora Cannabis.

Aurora Cannabis tumbles after margins get squeezed by higher weed-production costs

Shares of Aurora Cannabis fell on Tuesday after the company reported lower second-quarter margins as production costs jumped and prices fell.

The marijuana producer Aurora Cannabis jumps after posting huge growth

Shares of Aurora Cannabis jumped 4% before Monday's opening bell after the marijuana grower posted first-quarter financial results.

A huge marijuana company that just went public in the US saw its shares slip after a damning industry report. Here’s why cannabis investors aren...

BI PRIME: Aurora Cannabis started trading on the New York Stock Exchange on Tuesday. It wasn't the windfall investors hoped.
In 2018, you can celebrate 420 legally.

Weed stocks are tanking as Aurora Cannabis debuts on the New York Stock Exchange

Aurora Cannabis on Tuesday is set make its trading debut on the New York Stock Exchange. Shares will trade under the ticker "ACB."
An employee cuts cannabis plants in a laboratory at the headquarters of AGES agency in Vienna, Austria March 15, 2018.

One of the largest cannabis companies is going public on the New York Stock Exchange

Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. It's joining a select list of cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.
Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska.

Millennials are heeding Warren Buffett’s advice during this stock-market sell-off

Warren Buffett tells investors to buy, hold, and don't watch too closely when the stock market sells off. Investors on Robinhood seem to be following Buffett's advice as a majority of the most-popular stocks on the trading app have seen investor interest increase over the past three weeks.