As the hype surrounding cannabis legalization in Canada continues to simmer down, one major bank has pulled the plug on allowing investors to short cannabis stocks.

The Bank of Montreal (BMO) (NYSE:BMO,TSX:BMO) runs a self-directed brokerage called InvestorLine. According to a report from the Financial Post, a number of investors have recently been turned down when trying to open short positions on cannabis stocks.

Keep reading... Show less

Cannabis investors gathered in Toronto this week for the Benzinga Cannabis Capital Conference. They heard from leaders of the industry on what the next steps for the entire sector look like.

The two day event kicked off on Wednesday (April 17) with in-depth panel discussions on smart cannabis investments and the potential of expanding a Canadian business into the US.

Keep reading... Show less

The Canadian economy has felt an anticipated boom from the October legalization of cannabis, but another sector that could stand to reap the benefits is the junior mining space.

An annual survey from PricewaterhouseCoopers (PwC) shows that initial public offerings (IPOs) were on the rise in 2018, especially in the year’s last quarter, which saw 22 new issues across three Canadian exchanges, for $336 million in equity raised.

Keep reading... Show less

US investment bank Piper Jaffray (NYSE:PJC) has joined the slowly growing list of American brokerages covering cannabis producers, giving major industry players like Canopy Growth (TSX:WEED) a significant boost.

With the support of Piper Jaffray, Canopy jumped 13 percent on Wednesday (January 10), closing the day at C$44.50. Piper Jaffray analyst Michael Lavery gave both Canopy and Tilray (NASDAQ:TLRY) overweight ratings in a note obtained by CNBC, putting his faith in the sector’s future growth.

Keep reading... Show less

Along with the release of its Q3 financial results, CannTrust Holdings (TSX:TRST) announced after market close on Wednesday (November 14), that it is taking steps to become listed on the New York Stock Exchange (NYSE).

The company saw record revenues of C$12.6 million during Q3, indicating a 105 percent increase from Q3 2017’s C$6.14 million revenue. Additionally, CannTrust stated that it is pursuing listing its common shares on the NYSE, but gave few details.

Keep reading... Show less

The Supreme Cannabis Company (TSXV:FIRE) smashed its previous records with the release of its financial and operating results for Q1 2019 on Wednesday (November 14), which saw a revenue spike of 229 percent from Q1 2018 to C$5.14 million.

Alongside the year-on-year growth was a 45 percent increase from the previous quarter, which came in at C$3.55 million. While the company’s losses were also up, hitting C$5.39 million versus Q1 2018’s C$2.18 million, Supreme attributed some of the positive results to its flagship cannabis brand, 7ACRES.

Keep reading... Show less