The Week In Cannabis: PA, MD, Big Tobacco, GTI, Sundial, MedMen, Earnings, Financings And More
Friday, 30 April 2021, 22:30:35
Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania , ” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state and bodes well for any future adult-use legalization. This is also a big number when one considers that the program has only just gotten underway.” And, while Pennsylvania sales surpassed $900 million in one year, Maryland sales finally hit $1 billion, more than three years after the medical cannabis program launched in December of 2017. Meanwhile, the Swiss-American multinational Philip Morris International Inc. (NYSE: PM ), maker of Marlboro cigarettes, said it's considering getting into the cannabis industry.
— Benzinga
Tobacco Stocks Drop on FDA's Plan to Ban Menthol Cigarettes – TheStreet
Thursday, 29 April 2021, 18:14:19
Shares of Altria, British American Tobacco and Imperial Brands fell after the FDA said it would move to ban menthol and other flavored cigarettes.
— The Street
Altria Earnings Beat, Revenue Misses In Q1
Thursday, 29 April 2021, 13:43:11
https://www.investing.com/news/stock-market-news/altria-earnings-beat-revenue-misses-in-q1-2489698
— Investing.com
Why the Dip in Altria is a Buying Opportunity
Tuesday, 27 April 2021, 19:30:50
https://www.investing.com/news/stock-market-news/why-the-dip-in-altria-is-a-buying-opportunity-2486926
— Investing.com
Buy-the-Dip Candidates: Netflix, Altria, Coinbase, Shopify – TheStreet
Monday, 26 April 2021, 15:20:21
These stocks that fell this past week could be ‘buy the dip' opportunities. Recent losers include Peloton, Shopify, Intel, Novavax, Roku and more
— The Street
We recommend that you check out Capital.com as they have a very good selection of stocks available for both going short and long.
