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Traders betting against pot stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.
So far this year, short exposure to the cannabis sector is up $843 million, or 35%, according to data from financial-analytics provider S3 Partners.
That led to stock declines across the board for the marijuana producers. Now, shares of each company are a far cry from highs seen over the last year.
A Wall Street analyst has crowned Canadian cannabis company Cronos Group a ‘new king in the north’ and upgraded its shares to ‘buy...
"We believe renewed investor enthusiasm is inevitable as we consider the $200 billion global opportunity," wrote Andrew Carter of Stifel.
Cannabis producer Cronos Group soars after a collection of huge block trades fueled a 43% overnight spike
The company's stock spiked as much as 43% in after-hours trading. The surge lifted cannabis peers including Aurora Cannabis and Tilray.
Cannabis producer Cronos Group jumps after agreeing to buy a company that distributes CBD products in the US
Cronos' goal in the deal is "to capitalize on the significant demand for skincare and other consumer products derived from hemp," said its CEO.
Cannabis giant Cronos Group gets a boost after saying it will buy a state-of-the-art fermentation and manufacturing facility
The new facility will increase Cronos Group's ability to produce "cultured cannabinoids at commercial scale with high-quality and high-purity."
Cannabis producer Cronos Group jumps after appointing a Mondelez veteran as its chief innovation officer
It's the latest move by a cannabis company to join forces with a counterpart in the traditional packaged foods and beverages industry.
The Cannabis producer Cronos Group reported disappointing first-quarter sales, sending shares down less than 1% early Thursday.
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.
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.