Canadian Cannabis Sales Growth Has Slowed
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
8h ago
Statistics Canada released May retail sales for the country, with cannabis sales increasing from the April levels, up 5.8% to C$434.5 million. On a per-day basis, sales sales rose 2.4%. April was revised much lower to C$410.5 million. The sales were up just 4.5% from a year ago. This was down from the 19.8% August growth rate ..read more
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MSOs Could Do Better But Are Not the Only Cannabis Stocks to Buy
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
2w ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by email as we did in ..read more
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Cannabis Sectors Have Mixed June Performance
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
2w ago
As we described in a previous article, the Global Cannabis Stock Index moved lower in June, falling 8.9%. It is now up 6.2% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and ..read more
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The Global Cannabis Stock Index Ends June Lower
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
2w ago
Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the entire rally, and November and December ..read more
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Canadian Cannabis Sales Increased In April
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
1M ago
Statistics Canada released April retail sales for the country, with cannabis sales increasing from the March levels, up 5.3% to C$428.6 million. On a per-day basis, sales sales rose 8.8%. March was revised lower to C$406.8 million. The sales were up just 4.4% from a year ago. This was down from the 19.8% August growth rate and ..read more
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May Was Rough On All Cannabis Sectors
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
1M ago
As we described in a previous article, the Global Cannabis Stock Index sank in May, falling 14.6%. It is now up 44.4% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We discuss the performance of the American Cannabis Operator Index, Ancillary Cannabis Index and Canadian ..read more
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Global Cannabis Stock Index Plunges
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
1M ago
Cannabis stocks, as measured by the Global Cannabis Stock Index,  exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October wiped out the entire rally, and November and December ..read more
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Exit This Cannabis Stock
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
1M ago
You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We post this and all of the newsletters on our website ..read more
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Canopy Growth Q4 Revenue Slips Sequentially
New Cannabis Ventures » Canada
by NCV Newswire
1M ago
Canopy Growth Reports Fourth Quarter and Fiscal Year 2024 Financial Results; Q4 FY2024 Net Revenue increased 7% year-over-year, or 16% excluding divested businesses Storz & Bickel® delivered its best Q4 revenue quarter, with net revenue increasing 43% as compared to Q4 2023 Canada medical cannabis net revenue increased 16% in Q4 FY2024 and 10% in ..read more
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Canadian Cannabis Sales Lift
New Cannabis Ventures » Canada
by Alan Brochstein, CFA
1M ago
Statistics Canada released March retail sales for the country, with cannabis sales increasing from the February levels, up 7.1% to C$414.1 million. On a per-day basis, sales sales rose 0.2%. February was revised higher to C$386.8 million. The sales were up just 1.9% from a year ago. This was down from the 19.8% August growth rate and ..read more
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