Tilray downgraded to Market Perform from Outperform at Cowen » 05:3602/2402/24/20
Cowen analyst Vivien Azer…
Aurora Cannabis downgraded to Market Perform from Outperform at Cowen » 05:3502/2402/24/20
Cowen analyst Vivien Azer…
SEC investigating Altria risk disclosures around Juul stake, WSJ reports » 15:4302/2102/21/20
The Securities and…
The Securities and Exchange Commission has opened a probe related to Altria Group's (MO) investment in Juul Labs, Jennifer Maloney and Dave Michaels report, citing people familiar with the matter. The SEC is investigating whether Altria adequately disclosed to shareholders the risks when it spent $12.8B in 2018 to take a 35% stake in Juul, sources told the Journal. Shares of Altria are off their highs but remain up 32c to $45.88 in late afternoon trading. Reference Link
SEC opened probe into Altria's Juul investment, WSJ reports 15:3902/2102/21/20
Chewy upgrade, Shake Shack downgrade among today's top analyst calls » 09:5802/2102/21/20
APHA, CGC, HEXO, REAL, WW, DPZ, SHAK, CHWY
Check out today's top…
Largest borrow rate increases among liquid names » 08:4502/2102/21/20
RVLV, APHA, DO, WLL, NVTA, PTON, CRC, INO, APPN, PYX
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Revolve Group (RVLV) 82.12% +1.78, Aphria (APHA) 43.91% +0.76, Diamond Offshore (DO) 5.68% +0.43, Whiting Petroleum (WLL) 2.12% +0.36, Invitae (NVTA) 1.48% +0.33, Peloton Interactive (PTON) 59.60% +0.33, California Resources (CRC) 10.66% +0.25, Inovio (INO) 8.88% +0.22, Appian Corp (APPN) 1.79% +0.20, and Pyxus International (PYX) 20.34% +0.18.
Jefferies cuts Hexo to Underperform, says cannabis consensus still too high » 08:0602/2102/21/20
HEXO, APHA, CGC
As previously reported,…
As previously reported, Jefferies analyst Owen Bennett downgraded Hexo (HEXO) to Underperform from Hold with a price target of C$1.00, down from C$1.90. He contends that Canadian cannabis consensus sales estimates remain too high and his "Cannabis 2.0" analysis finds that economics suggest the gross margin benefit from new products "may be nonexistent early on," Bennett tells investors. Aphria (APHA) appears best placed to continue to take share, while new data and a proprietary brand positioning matrix support his concern on Hexo's and Canopy's (CGC) portfolios in particular, Bennett added. He increasingly expects to see "a strong divergence between those that can deliver financially near term and those that can't," the analyst noted.
Hexo downgraded to Underperform from Hold at Jefferies » 05:4202/2102/21/20
Jefferies analyst Owen…
Jefferies analyst Owen Bennett downgraded Hexo to Underperform from Hold with a C$1 price target.
Consumer Analyst Group of New York to hold a conference » 04:5502/2102/21/20
CAG, CG, CHD, FRPT, GIS, HLF, IFF, IMBBY, INGR, K, KO, KRYAY, MDLZ, MKC, MO, NOMD, NSRGY, NWL, PEP, PFGC, PG, SJM, SPB, SYY, THS, TSN, UL, UN, VVV
CAGNY Conference 2020…
CAGNY Conference 2020 will be held in Boca Raton, FL on February 17-21.
Rising High: An exclusive talk with Wildflower CEO on unsustainable models » 11:1202/2002/20/20
WLDFF, CGC, ACB, TLRY, SPRWF, APHA, CVSI, CTST, CRON, CANN, IGC, TCNNF, ZYNE
In this edition of…