Saturday, August 24, 2019

The 420 Report for Saturday, August 24 💨

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Must-read news and analysis for cannabis investors.

the 420 report for cannabis investors

Cresco Labs: Target Price and Valuation Multiple
Friday, August 23 

Coverage on Cresco Labs has increased from seven analysts in July to nine in August. Six analysts favor a "strong buy," and three recommend a "buy."

Financial Services for US Cannabis Firms Gaining Traction
Friday, August 23 

New York's Carolyn Maloney expressed optimism about the House approving the SAFE Banking Act. The bill would open banking access to the cannabis industry.

Canopy Growth: Bruce Linton Is Buying, Should You?
Friday, August 23 

Bruce Linton, Canopy Growth's (CGC) (WEED) former co-CEO, has acquired more stock in the company. Overall, analysts favor a "buy" rating on the stock.

Bernie versus Joe: Who Has a Better Marijuana Campaign?
Friday, August 23 

Bernie Sanders versus Joe Biden! Who do you think has a better marijuana campaign? The 2020 presidential election is heating up.

MedMen Fires Up to Make Marijuana Legal in Florida
Friday, August 23 

MedMen (MMNFF) (MMEN) closed 1.9% higher on Thursday. The company launched a 2020 ballot initiative called "Make it Legal Florida."

HEXO: What Does Jim Cramer Think?
Friday, August 23 

HEXO reported its third-quarter earnings on June 12. The company reported revenues of $13.0 million, which fell short of analysts' estimate.

Aphria Makes ParcelPal Deal, Son Wins License
Thursday, August 22 

Today, Aphria announced a deal with ParcelPal to deliver medical cannabis to patients. Also, Cole Cacciavillani's son has won a cannabis store license.

Smokable Hemp: Banned in North Carolina in May 2020
Thursday, August 22 

On May 1, smokable hemp will be banned in North Carolina. The state passed the North Carolina Farm Act, removing smokable hemp from its permissible list.

Can Marijuana Legalization Spark Beto O'Rourke's Bid?
Thursday, August 22 

Marijuana reform is central to Beto O'Rourke's 2020 presidential campaign—how could his agenda that affect the cannabis industry?

Cresco Labs' Q2 Revenues Might Boost Its Stock Price
Thursday, August 22 

For the second quarter, Cresco Labs reported revenues of $29.9 million, which beat analysts' expectation of $27.9 million.

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