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CGC

Canopy Growth

$44.40

-1.65 (-3.58%)

07:05
03/25/19
03/25
07:05
03/25/19
07:05

Canopy Growth receives new Health Canada licence for New Brunswick facility

Canopy Growth is pleased to announce that it has received a cultivation licence from Health Canada for its facility in Fredericton, New Brunswick. With this licensing, Canopy Growth predicts the facility will initially produce more than 5,000kg of cannabis annually, with first harvests expected to become available to the market within six months. Developed in collaboration with Canopy Rivers and operating under Canopy Growth's flagship Tweed brand, the facility will support the company's global and local operations with high quality, large-scale cannabis production capabilities that will serve the needs of recreational and medical customers. To meet that demand, Canopy Growth expects to create more than 130 jobs at the Fredericton plant

CGC Canopy Growth
$44.40

-1.65 (-3.58%)

03/05/19
COWN
03/05/19
INITIATION
COWN
Outperform
Cowen starts Aurora at Outperform, replaces Canopy as top pick
Cowen analyst Vivien Azer initiated coverage of Aurora Cannabis (ACB) with an Outperform rating and C$14 price target. Aurora is "uniquely positioned" to drive leadership in both market share and profitability with the Canadian adult use market in the "early innings," Azer tells investors in a research note. Her analysis pegs Aurora's market share at an "impressive" 20% to date and shows the company has the number two position by in-stock SKU. Azer designated Aurora Cannabis as her Top Pick in cannabis, replacing Canopy Growth (CGC). Given that Canopy currently trades at 18 times estimated fiscal 2030 revenue estimates, Aurora's trading multiple "is defensible," says the analyst.
03/05/19
JEFF
03/05/19
NO CHANGE
JEFF
Hedge funds building short thesis on Canopy Growth, says Jefferies
In a research note summarizing early feedback from investors on his cannabis initiations last week, Jefferies analyst Owen Bennett says hedge funds appear to be building a short thesis on Canopy Growth (CGC). The thesis focuses on harvesting concerns, which in Q2 came in at 15,217kg and then 7,556kg in Q3, Bennett tells investors in a research note. He points out that Canopy has attributed the reduction to rotation timing between harvests. The "short view is it could be due to crop failure due to scaling up too quickly," the analyst contends. With this in mind, he believes Canopy Growth's Q4 results will be very closely watched. Bennett has a Hold rating on Canopy Growth.
03/08/19
JEFF
03/08/19
INITIATION
Target $61
JEFF
Underperform
Tilray falls after Jefferies starts with Underperform rating, $61 target
Shares of Tilray (TLRY) are moving lower after Jefferies analyst Owen Bennett initiated coverage of the shares with an Underperform rating and $61 price target. Underperform is Jefferies' equivalent of a sell rating. Shares of Tilray are down 4%, or $2.97, to $66.75 in premarket trading. Bennett's 10-year discounted cash flow-driven valuation suggests the stock is "too expensive for its outlook." As a company wanting to be a global leader, the names that Tilray needs to be compared to are Canopy Growth (CGC) and Aurora Cannabis (ACB), Bennett tells investors in a research note. However, Tilray's Canada medical share is not in the top four and recent consumer feedback is "not inspiring," adds the analyst. Further, he believes the company's approach to recreational "does not appear as well thought through" and that its "optionality" in the U.S. is "less impressive." As such, Bennett struggles to justify Tilray's current valuation.
03/14/19
COWN
03/14/19
NO CHANGE
COWN
Narrow U.S. cannabis bills have better prospects than broad ones, says Cowen
Cowen analyst Jaret Seiberg said it is hard for him to see a scenario in the 116th Congress in which Senate Majority Leader Mitch McConnell holds a vote on legislation to fully legalize cannabis, as too many senators see no political upside for McConnell to schedule such a vote. Given this view, Seiberg believes that prospects are better for narrower bills that could get attached to spending packages and other measures than for broader bills that would legalize recreational use. Of the narrower bills introduced in the U.S. so far, Seiberg believes the SAFE Act on cannabis banking has the best shot before the 2020 election. Publicly traded companies in the cannabis space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), Canopy Growth (CGC), Cronos Group (CRON), General Cannabis (CANN), India Globalization Capital (IGC), MediPharm Labs (MLCPF) and Tilray (TLRY).

TODAY'S FREE FLY STORIES

EDIT

Editas Medicine

$30.34

-0.6 (-1.94%)

18:02
12/09/19
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18:02
Hot Stocks
Editas Medicine announces in vivo proof-of-concept data for EDIT-301 »

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

, CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

17:56
12/09/19
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17:56
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17:56
Hot Stocks
Mesabi Trust initiates arbitration against Northshore Mining, Cleveland-Cliffs »

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MSB

Mesabi Trust

$23.93

0.71 (3.06%)

CLF

Cleveland-Cliffs

$8.52

0.38 (4.67%)

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FFBC

First Financial Bancorp

$24.67

0.12 (0.49%)

17:51
12/09/19
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17:51
Hot Stocks
First Financial Bancorp chairman Davis sells 25,000 common shares »

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GPRE

Green Plains

$14.26

-0.49 (-3.32%)

17:47
12/09/19
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17:47
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17:47
Hot Stocks
Green Plains CEO Todd Becker sold over 607K in company shares »

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MDT

Medtronic

$111.12

-2.02 (-1.79%)

17:43
12/09/19
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17:43
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17:43
Hot Stocks
Medtronic director buys 5K shares of common stock »

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  • 18

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VAC

Marriott Vacations

$123.77

-0.1 (-0.08%)

17:41
12/09/19
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17:41
Hot Stocks
Marriott Vacations raises quarterly dividend to 54c from 45c per share »

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FSLY

Fastly

$20.82

-0.35 (-1.65%)

17:36
12/09/19
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17:36
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17:36
Hot Stocks
Fastly director Sunil Dhaliwal sells almost $576K in company shares »

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  • 09

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SFIX

Stitch Fix

$25.17

1.04 (4.31%)

17:36
12/09/19
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17:36
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17:36
Hot Stocks
Stitch Fix says saw healthy growth in both women's, men's categories »

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F

Ford

$9.00

-0.015 (-0.17%)

17:32
12/09/19
12/09
17:32
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17:32
Hot Stocks
Ford expects to roughly halve 2018 China EBIT loss »

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VEEV

Veeva

$143.56

-1.115 (-0.77%)

17:28
12/09/19
12/09
17:28
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17:28
Hot Stocks
Veeva CMO sells 5K shares of common stock »

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  • 11

    Dec

BLDR

Builders FirstSource

$25.71

0.45 (1.78%)

17:25
12/09/19
12/09
17:25
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17:25
Hot Stocks
Builders FirstSource acquires assets of Raney Components, Construction »

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  • 19

    Dec

S

Sprint

$5.40

-0.145 (-2.62%)

, TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

17:16
12/09/19
12/09
17:16
12/09/19
17:16
Periodicals
Judge seeks speedy trial over T-Mobile, Sprint deal, WSJ reports »

U.S. District Judge…

S

Sprint

$5.40

-0.145 (-2.62%)

TMUS

T-Mobile

$75.90

-1.87 (-2.40%)

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  • 09

    Dec

  • 16

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WEN

Wendy's

$21.72

0.15 (0.70%)

17:15
12/09/19
12/09
17:15
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17:15
Hot Stocks
Wendy's sees FY20 FCF of $210M-$220M including impact of settlement »

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  • 11

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:15
12/09/19
12/09
17:15
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17:15
Hot Stocks
Breaking Hot Stocks news story on StoneCastle »

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AIZ

Assurant

$130.91

-0.66 (-0.50%)

17:14
12/09/19
12/09
17:14
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17:14
Hot Stocks
Assurant director sells 21.8K shares of common stock »

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XAIR

Beyond Air

$4.13

0.005 (0.12%)

17:14
12/09/19
12/09
17:14
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17:14
Syndicate
Beyond Air announces offering of common stock, concurrent private placement »

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MSFT

Microsoft

$151.35

-0.42 (-0.28%)

, UPWK

Upwork

$11.15

-0.16 (-1.41%)

17:10
12/09/19
12/09
17:10
12/09/19
17:10
Hot Stocks
Upwork CEO Stephane Kasriel to step down, Hayden Brown to succeed »

Upwork (UPWK) announced…

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

UPWK

Upwork

$11.15

-0.16 (-1.41%)

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  • 09

    Dec

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

, MSFT

Microsoft

$151.35

-0.42 (-0.28%)

17:10
12/09/19
12/09
17:10
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17:10
On The Fly
Fly Intel: Wall Street's top stories for Monday »

Stocks slid to kick off…

AMZN

Amazon.com

$1,749.61

-1.18 (-0.07%)

MSFT

Microsoft

$151.35

-0.42 (-0.28%)

ARQL

ArQule

$19.71

10.035 (103.77%)

THOR

Synthorx

$67.72

42.74 (171.10%)

SNY

Sanofi

$45.30

-0.755 (-1.64%)

DPLO

Diplomat Pharmacy

$3.91

-1.91 (-32.82%)

UNH

UnitedHealth

$277.56

-2.62 (-0.94%)

MS

Morgan Stanley

$49.60

-0.2 (-0.40%)

VIAC

ViacomCBS

$38.65

-1.05 (-2.64%)

VIACA

ViacomCBS

$41.78

-1.64 (-3.78%)

FTSV

Forty Seven

$30.44

16.04 (111.39%)

FATE

Fate Therapeutics

$19.32

5.68 (41.64%)

TTWO

Take-Two

$120.07

-3.69 (-2.98%)

THO

Thor Industries

$64.28

-3.485 (-5.14%)

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  • 09

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 13

    Dec

  • 13

    Dec

  • 13

    Dec

BANX

StoneCastle

$22.99

0.25 (1.10%)

17:09
12/09/19
12/09
17:09
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17:09
Hot Stocks
ArrowMark Partners to acquire StoneCastle Asset Management »

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WEN

Wendy's

$21.72

0.15 (0.70%)

17:08
12/09/19
12/09
17:08
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17:08
Hot Stocks
Wendy's to realign resources in its information technology organization »

On December 5, the Board…

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  • 11

    Dec

INVH

Invitation Homes

$30.14

0.12 (0.40%)

17:05
12/09/19
12/09
17:05
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17:05
Hot Stocks
Invitation Homes sells 708 Nashville homes to Tricon for $210M »

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BRO

Brown & Brown

$38.22

-0.14 (-0.36%)

17:04
12/09/19
12/09
17:04
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17:04
Hot Stocks
Brown & Brown enters agreement to acquire Special Risk Insurance Managers »

J. Scott Penny, Chief…

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  • 26

    Feb

PYX

Pyxus

$7.40

-0.345 (-4.45%)

, PM

Philip Morris

$83.60

0.34 (0.41%)

17:02
12/09/19
12/09
17:02
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17:02
Hot Stocks
Alliance One expands relationship with Philip Morris' Argentine affiliate »

Alliance One…

PYX

Pyxus

$7.40

-0.345 (-4.45%)

PM

Philip Morris

$83.60

0.34 (0.41%)

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TSN

Tyson Foods

$89.69

0.2 (0.22%)

17:01
12/09/19
12/09
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17:01
Hot Stocks
Tyson Fresh Meats signs agreement with Republic of Kazakhstan »

Tyson Fresh Meats, the…

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AES

AES Corp.

$18.79

0.07 (0.37%)

17:01
12/09/19
12/09
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17:01
Hot Stocks
AES Corp. raises quarterly dividend 5% to 14.33 per share »

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