Tokers & Jokers | Top Analyst Initiates Coverage On Cannabis Sector, Stocks Soar

Aphria Inc (NYSE: APHA) is scheduled to release its earnings report for Q2 2019 on January 11. Investors should handle this stock with extreme care — Aphria is entering into a class-action lawsuit in February that may be damaging to the company’s reputation. The company was trading up 7.1% at $6.79.

Cronos Group (NASDAQ: CRON) shares were up 5.02% and trading at $12.36 at the end of trading.

Canopy Growth Corp. (NYSE: CGC) soared Wednesday after brokerage firm Piper Jaffray initiated coverage on the sector, giving Canopy an overweight rating, and a price target of $40 by the end of the year. The company was trading up a massive 13.36% at $33.60.

Piper Jaffray also initiated an overweight stance on Tilray with a price target of $90. Cowen analyst Viven Azer also reiterated her outperform rating on the company with a target price of $150 by the end of 2019. With its share lockup period ending January 15, Tilray (NASDAQ: TLRY) shares could face pressure very soon. Company shares fell 4.28% to $79.70.

The Green Organic Dutchman Holdings Ltd. (OTCMKTS: TGODF) (TSE: TGOD) recently announced it has appointed Dr. Caroline MacCallum and Jacques Dessureault to its Board of Directors, adding medical pharmaceutical experience to the company’s team. Shares were trading up on the OTC by 8.34% and climbing to $2.00.

Innovative Industrial Properties Inc. (NYSE: IIPR) ended the day trading down 0.12% at %51.47.

After issuing guidance on their recent quarterly report, Aurora Cannabis (NYSE: ACB) jumped 8.35% to $5.45. The company expects to report somewhere between $50M to $55M for the quarter that ended Dec. 31, 2018.

Shares of Neptune Wellness Solutions (NASDAQ: NEPT) were trading day up 2.41% to $3.40.

Acreage Holdings Inc. (OTCMKTS: ACRGF) (CNSX: ACRG.U)  was flat most of the day trading up 0.13% to $24.24.

JP Morgan Cory Kasimov, an analyst with JP Morgan, predicted GW Pharmaceuticals (NASDAQ: GWPH) is undervalued by 32 percent. Wednesday the stock was up 1.81% to $119.54.

Hexo Corp. (OTCMKTS: HYYDF) (TSE: HEXO) ended the day up 2.58% at $4.77 on the OTC.

Treehouse Real Estate Investment Trust completed a $133 million raise and will use part of the funds to purchase MedMen Enterprises Inc (OTCMKTS: MMNFF) (CNSX: MMEN) properties. Shares of MedMen were down 6.82% and trading at $3.14 on the OTC.

Organigram Holdings Inc. (OTCMKTS: OGRMF) (CVE: OGI) climbed 7.5% to $4.43.

MJardin Group Inc. (OTCMKTS: MJARF) (CSE: MJAR) was up 5.7% at $3.50. The company issued an update to shareholders yesterday how how the company is growing to scale.

The Flowr Corp. (OTCPK:FLWPF) announced a three-year medical cannabis supply agreement with Shoppers Drug Mart. The company was up 3.21% at the end of the day, settling at $3.41.

Cresco Labs (OTCMKTS: CRLBF) (CSE: CL) was up 2.2% on the OTC and trading at $6.75.

Auxly Cannabis Group Inc. (OTCMKTS: CBWTF) climbed 2.81% to $0.68.

iAnthus Capital Holdings (OTCMKTS: ITHUF) was mostly flat Wednesday, ending the day trading down 0.078% to $4.51.

Namaste Technologies Inc. (OTCMKTS: NXTTF) (TSXV: N) soared the fifth trading session in a row, climbing 12.73% on the OTC, and trading at $1.24.

MariMed Inc (OTCQB: MRMD) closed the day up 1.68% at $3.51.

MediPharm Labs (TSXV: LABS) (OTCQB: MLCPF) began trading on the OTC Monday under ticker “MLCPF”. The stock was up 0.47% at $1.51 at the close of trading.

Sunniva Inc (CSE: SNN) (OTCQB: SNNVF) was down 1.37% on the OTC and trading at $3.60.

Golden Leaf Holdings Ltd (CSE: GLH) (OTCQB: GLDFF) was up 4.17% and trading at $0.12.

CannTrust Holdings Inc. (OTCMKTS: CNTTF) (TSX: TRST) soared 9.66% on the OTC, trading at $6.18.

Origin House (OTCMKTS: ORHOF) (CNSX :OH) was was up 0.53% and trading at $5.65. Recently the company has been fending off takeover offers.

New Age Beverage Co. (NASDAQ: NBEV) was up a whopping 10.71% and trading at $6.10.

Horizon’s ETFs Management Canada Inc. (TSE: HMMJ) climbed 4.24% and was trading at $16.72.

The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) was also up 4.70% and trading at $12.65.

ETFMG Alternative Harvest ETF (NYSEARCA: MJ) was trading up 4.28% at $28.99.

1 thought on “Tokers & Jokers | Top Analyst Initiates Coverage On Cannabis Sector, Stocks Soar”

  1. Pingback: Daily Cannabis News Roundup | January 10, 2018 - The Morning Blunt