Why These Marijuana Stocks Blasted Higher Thursday

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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...

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}\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,"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","APHA":"Aphria Inc.","ACB":"奥罗拉大麻公司","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":null,"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}}