Debra BorchardtAugust 22, 2023
Before the COVID-19 pandemic, Wall Street was salivating at the cannabis industry.
Tag: Stifel
Debra BorchardtAugust 22, 2023
Adam JacksonOctober 28, 2022
Nasdaq called the financial consolidation "impermissible" under listing rules.
Debra BorchardtOctober 26, 2022
The analyst cited the company's debt vs. its valuations on its businesses.
Debra BorchardtAugust 1, 2022
Cannabis companies are just starting to roll out the earnings season and with some big names on deck this week, Stifel analysts Andrew Carter and Christopher Growe published an earnings preview report. Once darlings of the cannabis industry, hydroponics are fading fast as the market for Scotts Miracle-Gro (NYSE: SMG) and GrowGeneration (NASDAQ: GRWG) have […]
Debra BorchardtMay 4, 2022
Stifel analysts had some sobering thoughts on the cannabis industry in the company’s recent first-quarter outlook report. The most positive comments went to Weedmaps as the analysts wrote, “We believe WM Technology is currently the best positioned public cannabis company to capitalize on category growth, with the ability to lead growth with unmatched capital efficiency, […]
Debra BorchardtDecember 14, 2021
After the market closed on Monday, Curaleaf announced that it has received commitments for a private placement of 8.0% Senior Secured Notes due 2026 for aggregate gross proceeds of $425 million. It’s the largest single debt financing of any publicly-traded US cannabis company in history and at a rate that is also one of the […]
Debra BorchardtSeptember 30, 2021
High Tide Inc. (TSXV: HITI) (Nasdaq: HITI) just hit a milestone when the Canadian cannabis retailer announced that it has opened over 100 stores. High Tide said that its total number of branded retail locations across Canada numbered 101, and the company has 30 stores in Ontario. In addition to those stats, High Tide also […]
Debra BorchardtSeptember 20, 2021
Stifel analysts W. Andrew Carter, Christopher Growe, and Matthew Smith issued a huge report September 2021 report updating investors on their outlook for the cannabis industry. The group lowered estimates and price targets on several companies. The group also noted they have a negative outlook on the Canadian cannabis industry and Canopy Growth in particular. […]
Debra BorchardtJuly 27, 2021
Cannabis consumption rose during the height of the COVID crisis as anxiety and lockdowns prompted many to increase the amount consumed. According to a new survey by Stifel, it doesn’t look like consumers are going to return to pre-pandemic levels of use. This is good news for cannabis companies. The survey also determined that cannabis […]
Debra BorchardtMarch 8, 2021Despite a solid outlook for the Canadian cannabis market and producers who have raised almost $1 billion over the past few months, Stifel analysts delivered a sobering report on the industry. We believe it will be increasingly difficult to profitably capture growth in the Canadian market with “strengthened balance sheets” across the sector likely facilitating […]
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