Why These Marijuana Stocks Blasted Higher Thursday

12
Comment
1

Why These Marijuana Stocks Blasted Higher Thursday

Motley Fool2021-03-12

A major buy-in from a tobacco company lifts virtually the entire sector. What happened Many marijuana stocks saw market-crushing gains on Thursday. These included Aphria (NASDAQ:APHA), with a 12% jump...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1159483191?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-12 16:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1159483191","market":"us","top_or_hot":-1,"title":"Why These Marijuana Stocks Blasted Higher Thursday","media":"Motley Fool","content":"<div>\n<p>A major buy-in from a tobacco company lifts virtually the entire sector.\nWhat happened\nMany marijuana stocks saw market-crushing gains on Thursday.\nThese included Aphria (NASDAQ:APHA), with a 12% jump...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/11/why-these-marijuana-stocks-blasted-higher-today/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why These Marijuana Stocks Blasted Higher Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy These Marijuana Stocks Blasted Higher Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/11/why-these-marijuana-stocks-blasted-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A major buy-in from a tobacco company lifts virtually the entire sector.\nWhat happened\nMany marijuana stocks saw market-crushing gains on Thursday.\nThese included Aphria (NASDAQ:APHA), with a 12% jump...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/11/why-these-marijuana-stocks-blasted-higher-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBD","symbol_name":"Companhia Brasileira de Distribu","start_time":0,"source_url":"https://www.fool.com/investing/2021/03/11/why-these-marijuana-stocks-blasted-higher-today/","article_id":"1159483191","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159483191","pubTimestamp":1615536721,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"A major buy-in from a tobacco company lifts virtually the entire sector.\nWhat happened\nMany marijuan","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CBD":"Companhia Brasileira de Distribu","ACB":"奥罗拉大麻公司","APHA":"Aphria Inc.","CWBHF":"Charlotte's Web Holdings Inc."},"translate_title":"为什么这些大麻库存周四大幅上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACB":0.9,"APHA":0.9,"CBD":0.9,"CWBHF":0.9,"HEXO":0.9},"content_text":"A major buy-in from a tobacco company lifts virtually the entire sector.\nWhat happened\nMany marijuana stocks saw market-crushing gains on Thursday.\nThese included Aphria (NASDAQ:APHA), with a 12% jump,HEXO (NYSE:HEXO) climbing 11%, and Aurora Cannabis (NYSE:ACB) and cannabidiol (CBD) specialist Charlotte's Web Holdings (OTC:CWBHF) both shooting almost 8% skyward. Big news from a peer inspired those pops.\nSo what\nRelatively small Organigram Holdings (NASDAQ:OGI) announced that a subsidiary of tobacco mainstay British American Tobacco has bought anearly 20% stakein its equity for roughly 221 million Canadian dollars ($175 million).\nThat's reminiscent of Marlboro maker Altria's approximately $1.8 billion purchaseof a 45% chunk of Cronos Group in 2018.\nWhile the British American/Organigram deal is taking place well after the heady days of multi-billion-dollar cannabis arrangements, it's encouraging nevertheless. Here are two reasons why:\nFirst, British American's investment implies a premium of nearly 40% over Organigram's previous day closing price. Perhaps this sets a kind of standard for buy-ins -- or even potentialbuyouts-- in an industry that has been lively on the mergers and acquisitions (M&A) front recently.\nSecond, it shows that well-capitalized companies outside of the weed business remain keenly interested in marijuana, buttressing the bullish view that the cannabis industry has a glowing future.\nNow what\nGiven all of the above, if I were a marijuana stock investor, I'd keep my eye on companies like Organigram that have comparatively low market caps. HEXO, for one, is still under $1 billion, while Charlotte's Web might be an attractive and affordable dance partner at roughly $667 million.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}