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GW heavily shorted...
Cannabis Short Sellers Down $641M In May
After netting nearly $1 billion in profits in 2019, cannabis short sellers got off to a strong start in 2020 as well. However, cannabis stocks have taken off in recent weeks, and cannabis short sellers are feeling the pain.
Here are the five most heavily shorted cannabis stocks today by short interest, according to S3:
Canopy Growth Corp (NYSE: CGC), $913.7 million.
GW Pharmaceuticals PLC (NASDAQ: GWPH), $656.1 million.
Aurora Cannabis Inc (NYSE: ACB), $186.8 million.
Cronos Group Inc (NASDAQ: CRON), $307.3 million.
Aphria Inc (NYSE: APHA), $143.5 million.
Dusaniwsky said traders looking for the most likely short squeeze candidates should focus on stocks with the highest borrow fees that have generated the biggest losses for short sellers year to date.
“Mark-to-market losses coupled with rising stock borrow rates are priming the pump for potential short squeezes in several cannabis stocks,” Dusaniwsky wrote.
https://finance.yahoo.com/news/cannabis-short-sellers-down-641m-142656940.html
Cannabis Short Sellers Down $641M In May
After netting nearly $1 billion in profits in 2019, cannabis short sellers got off to a strong start in 2020 as well. However, cannabis stocks have taken off in recent weeks, and cannabis short sellers are feeling the pain.
Here are the five most heavily shorted cannabis stocks today by short interest, according to S3:
Canopy Growth Corp (NYSE: CGC), $913.7 million.
GW Pharmaceuticals PLC (NASDAQ: GWPH), $656.1 million.
Aurora Cannabis Inc (NYSE: ACB), $186.8 million.
Cronos Group Inc (NASDAQ: CRON), $307.3 million.
Aphria Inc (NYSE: APHA), $143.5 million.
Dusaniwsky said traders looking for the most likely short squeeze candidates should focus on stocks with the highest borrow fees that have generated the biggest losses for short sellers year to date.
“Mark-to-market losses coupled with rising stock borrow rates are priming the pump for potential short squeezes in several cannabis stocks,” Dusaniwsky wrote.
https://finance.yahoo.com/news/cannabis-short-sellers-down-641m-142656940.html
To make matters worse for cannabis short sellers, borrow fees have been on the rise. Dusaniwsky said average borrow fees for the top 20 most shorted cannabis stocks are up 12.8% over the past month to 32.1%. Cannabis short sellers are now paying more than $2.55 million in daily financing cost.
Here are the five most heavily shorted cannabis stocks today by short interest, according to S3:
Canopy Growth Corp (NYSE: CGC), $913.7 million.
GW Pharmaceuticals PLC (NASDAQ: GWPH), $656.1 million.
Aurora Cannabis Inc (NYSE: ACB), $186.8 million.
Cronos Group Inc (NASDAQ: CRON), $307.3 million.
Aphria Inc (NYSE: APHA), $143.5 million.
Dusaniwsky said traders looking for the most likely short squeeze candidates should focus on stocks with the highest borrow fees that have generated the biggest losses for short sellers year to date.
“Mark-to-market losses coupled with rising stock borrow rates are priming the pump for potential short squeezes in several cannabis stocks,” Dusaniwsky wrote.
Cannabis Short Sellers Down $641M In May
After netting nearly $1 billion in profits in 2019, cannabis short sellers got off to a strong start in 2020 as well. However, cannabis stocks have taken off in recent weeks, and cannabis short sellers are feeling the pain.
https://finance.yahoo.com/news/cannabis-short-sellers-down-641m-142656940.html
excellent post
Aphria Stock Floats on Liquidity While Competitors Stumble
https://247wallst.com/consumer-products/2020/05/21/aphria-stock-floats-on-liquidity-while-competitors-stumble/
Virtual Investor Meeting
The Company will also host a Virtual Investor Meeting on June 22, 2020 where CEO David Klein and select senior leadership team members will discuss Canopy Growth’s strategic priorities. The event will begin at 10:00 AM Eastern Time. Pre-registration for the event is recommended and is available at: https://produceredition.webcasts.com/starthere.jsp?ei=1316788&tp_key=8a2b9cefcc
Canadian scientists are testing whether compounds in marijuana can prevent coronavirus from 'hijacking' human cells
Researchers from the University of Lethbridge in Alberta, Canada looked at 400 cannabis strains and focused on about a dozen
They studied how extracts high in CBD, the main nonpsychoactive ingredient in, interacted with receptors coronavirus uses to attack cells
The extracts lowered the number of receptors the virus uses to infects cells and multiply by more than 70%
https://www.dailymail.co.uk/health/article-8341213/Canadian-scientists-testing-marijuana-compound-prevent-coronavirus-infection.html
Canadian scientists are testing whether compounds in marijuana can prevent coronavirus from 'hijacking' human cells
Researchers from the University of Lethbridge in Alberta, Canada looked at 400 cannabis strains and focused on about a dozen
They studied how extracts high in CBD, the main nonpsychoactive ingredient in, interacted with receptors coronavirus uses to attack cells
The extracts lowered the number of receptors the virus uses to infects cells and multiply by more than 70%
https://www.dailymail.co.uk/health/article-8341213/Canadian-scientists-testing-marijuana-compound-prevent-coronavirus-infection.html
thanks, helps a lot... it hit 125.17 today, but bounced back, and is now 122.73 ... I have patience to ride along with this...
survive and succeed ... OGI is a sound ship to sail... been here since 2015.... have traded in and out, but still have 30k shares bought at 20 cents... I am keeping them for my grandchildren... OGI is sound long ...
Swiss are very clever... they have been in canna sector long before others... I deal with one bank there and man oh man but do they know this sector inside out... where their money moves is a money making opportunity for wee retail fellows like us... OGI should move up handsomely when Toronto opens Tuesday...
yeah, spot on Aarin.
thanks, fung_derf.... your analysis has been so many times so spot on... investors now keen on bio-tech and healthcare.... is this going back to previous heights...?
when US legalises Curaleaf takes off like a rocket that business schools will be lecturing about for decades to come... fabulous potential here...
Gross margin on cannabis sales. 43%
Excellent
don't give up on the science, GoSing. There are now 5 or 6 serious International scientific research projects into cannabis, and it anti-inflammatory properties, plus other qualities of the plant, to tackle COVID-19 symptoms. We humans need every plant and Pharma to battle this plague.
Why Canopy Growth, Cronos Group, and OrganiGram Soared Today
Shares of several top Canadian cannabis producers soared today after one of their peers, Aurora Cannabis (NYSE: ACB), reported better-than-expected fiscal 2020 third-quarter revenue growth after the market closed on Thursday. Canopy Growth (NYSE: CGC) stock was up 13.4% as of 3:38 p.m. EDT on Friday, while shares of Cronos Group (NASDAQ: CRON) and OrganiGram Holdings (NASDAQ: OGI) were up 10.3% and 13.5%, respectively.
Investors now appear to be increasingly optimistic that the rest of the Canadian cannabis industry could also enjoy a turn for the better after a challenging period following Aurora's surprisingly positive results. Probably the best news for Canopy, Cronos, and OrganiGram from Aurora's Q3 update was across-the-board revenue growth.
https://marijuanaindex.com
KOOL... and so good to hear you are in good form Goodbuddy... hoping for an OGI run....
yeah this could be very good for organic OrgaiGram... roll out the science...
Not only the USA but Europe will need huge tax takes to pay for the massive hand-outs to keep businesses and folk alive.
And where will all this tax come from...?
A no brainer is to legalise and tax cannabis - a generally benign product that is so widely used by otherwise law-abiding citizens.
But then again most politicians I have met over the past 50 years are 'no-brainers'...
What’s better than smoking top-shelf flower? Smoking top-shelf weed that also benefits others in our communities who are in need. In a world where many large corporations pay little to no taxes, and working class families fork over significant amounts of income tax, it’s hard to trust that big business corporations care about those around us. In contrast, the largest multi-state cannabis operator in the US, Curaleaf, is setting an example in the weed industry by helping with clean-up operations, veterans and people who are battling cancer. The company proves that successful national businesses are capable of putting people over profits—a business model that we respect beyond measure.
https://hightimes.com/business/brand-spotlight-curaleaf/
Cannabis Components To Be Used In Potential COVID-19 Vaccine
A vaccine component using a cannabis-based protein could be ready as soon as the end of August.
Researchers specializing in infectious disease at the University of Saskatchewan in Canada are turning to cannabis as they build a new COVID-19 virus vaccine candidate. The research team says that a plant-based antigen may be easier to produce commercially on a broad scale than animal-based antigens.
https://hightimes.com/health/cannabis-components-used-potential-covid-19-vaccine/
Cannabis Components To Be Used In Potential COVID-19 Vaccine
A vaccine component using a cannabis-based protein could be ready as soon as the end of August.
Researchers specializing in infectious disease at the University of Saskatchewan in Canada are turning to cannabis as they build a new COVID-19 virus vaccine candidate. The research team says that a plant-based antigen may be easier to produce commercially on a broad scale than animal-based antigens.
https://hightimes.com/health/cannabis-components-used-potential-covid-19-vaccine/
Cannabis Components To Be Used In Potential COVID-19 Vaccine
A vaccine component using a cannabis-based protein could be ready as soon as the end of August.
https://hightimes.com/health/cannabis-components-used-potential-covid-19-vaccine/
Banking for marijuana companies included in Congress’ new $3 trillion coronavirus stimulus bill
https://www.thecannabist.co/2020/05/12/banking-for-marijuana-companies-included-in-congress-new-3-trillion-coronavirus-stimulus-bill/134863/
Why Canopy Growth, Cronos Group, and OrganiGram Soared Today
Shares of several top Canadian cannabis producers soared today after one of their peers, Aurora Cannabis (NYSE: ACB), reported better-than-expected fiscal 2020 third-quarter revenue growth after the market closed on Thursday. Canopy Growth (NYSE: CGC) stock was up 13.4% as of 3:38 p.m. EDT on Friday, while shares of Cronos Group (NASDAQ: CRON) and OrganiGram Holdings (NASDAQ: OGI) were up 10.3% and 13.5%, respectively.
Investors now appear to be increasingly optimistic that the rest of the Canadian cannabis industry could also enjoy a turn for the better after a challenging period following Aurora's surprisingly positive results. Probably the best news for Canopy, Cronos, and OrganiGram from Aurora's Q3 update was across-the-board revenue growth.
https://marijuanaindex.com
How Aurora Cannabis Q3 Earnings Surprised Investors
Aurora Cannabis Inc. (NYSE: ACB) reported third-quarter fiscal 2020 results after markets closed Thursday. The marijuana grower and distributor reported a net loss per share of C$1.37 on revenues of C$76.4 million. In the same period a year ago, the company posted a loss per share of C$1.89 on revenue of C$66.6 million. Analysts had forecast a net loss per share of C$0.04 and revenues of C$46.9 million. At today’s conversion rate, one Canadian dollar is equal to about $0.71 American.
https://247wallst.com/consumer-products/2020/05/15/how-aurora-cannabis-q3-earnings-surprised-investors/
What Makes Aphria Stock Stand Out Among Pot Players?
Legal marijuana is still a relatively new industry, one with a lot of growth potential but also volatility. Some cannabis market investors are closely watching Aphria Inc. (NYSE: APHA), a Canadian manufacturer of medical and recreational pot products.
https://247wallst.com/consumer-products/2020/05/15/what-makes-aphria-stock-stand-out-among-pot-players/
Aurora Cannabis Inc.’s pot sales jumped as COVID-19 spread across the globe in the first three months of the year, and the company’s beleaguered and recently bundled shares enjoyed the best and busiest trading session in history.
https://www.marketwatch.com/story/aurora-cannabis-stock-jumps-as-pot-sales-grow-faster-than-expected-2020-05-14?mod=mw_more_headlines
Amid the COVID-19 pandemic, Aurora ACB, +68.67% ACB, +66.84% has continued to pursue hiring a new CEO — though it’s doing so a little differently in pre-pandemic circumstances, interim top boss Michael Singer told MarketWatch in a phone interview. Instead of in-person meetings, executives are conducting videoconference calls, and, to show the candidates around Aurora, the company is using drone footage from its flagship facility.
Singer said they also have a number of video tours put together that demonstrate the company’s “innovation,” referring to the high levels of automation Aurora built into the weed-growing operations it calls Sky-class facilities.
https://www.marketwatch.com/story/aurora-cannabis-on-ceo-search-during-a-pandemic-drone-tours-no-handshakes-2020-05-15?mod=home-page
good post... I am fond of honest folk... I am holding here for the long term...
rocket man... today to the stars....
interesting Buy guidance, John.... added Friday 15.27 and 15.29 ... will add more Monday...
thanks, John, might be time to invest here...
so sad... with all the avenues of opportunity they wilfully blew it, and destroyed shareholders hard-earned wealth...
such miscreants should be sentenced to hard labour in some severe penal colony... then hopefully they might find redemption for themselves...
Now, for today, is there any future for this company...?
MedMen: the ‘Starbucks of weed’ falls from its high
The prospects for America’s biggest marijuana company have gone up in smoke amid claims of greed, excess and ego
https://www.thetimes.co.uk/edition/world/medmen-the-starbucks-of-weed-falls-from-its-high-lnswmt569
Coronavirus: The tide is coming for medicinal cannabis
Cannabis researchers in Canada say the plant-based drug may provide resistance to SARS-CoV-2. Their preliminary findings are part of broader research into the use of medicinal cannabis in treating cancer.
....preliminary research is emerging out of Canada that certain strains of the psychoactive drug cannabis may also increase resistance to the coronavirus.
https://www.dw.com/en/coronavirus-the-tide-is-coming-for-medicinal-cannabis/a-53371342
Coronavirus: The tide is coming for medicinal cannabis
Cannabis researchers in Canada say the plant-based drug may provide resistance to SARS-CoV-2. Their preliminary findings are part of broader research into the use of medicinal cannabis in treating cancer.
....preliminary research is emerging out of Canada that certain strains of the psychoactive drug cannabis may also increase resistance to the coronavirus.
https://www.dw.com/en/coronavirus-the-tide-is-coming-for-medicinal-cannabis/a-53371342