Curaleaf Stock Gains Momentum At Lower Level

Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) is now firmly established the biggest multi-state cannabis operators in the United States, and it has expanded its footprint to 17 states in the country. As such, it is also one of the better-known stocks in the cannabis space. That being said, the coronavirus pandemic has come as a major blow.

Major Triggers

Several industries are now in crisis, and it is more pronounced for the cannabis industry since many companies were already struggling with the cash crunch. In such a situation, it could be worthwhile to figure out if Curaleaf is worth investing in.

The company posted its financial results for the fiscal year 2019. Revenues grew from $77.1 million to $221 million, and while the growth is impressive, it is Curaleaf’s widening losses that could a cause for worry. Net loss rose by 13% to hit $69.8 million, and SGA (selling, general and administrative) costs jumped to $121 million from $65.3 million.

Cash balance depleted to $42.3 million from $266.6 million in 2018. Investors could hope to get an updated idea of the situation later on in May when Curaleaf announces its Q1 2020 financial results. However, it is almost certain that 2020 is going to be a challenging year for the company.

Curaleaf may have grown at an impressive pace, and with 53 dispensaries under control, the company is now the biggest cannabis operator in the United States. However, such size can prove to be counterproductive in the current environment, and it is believed that leaner operations could well prove to be more efficient. The scale of the operations may have been impressive prior to the coronavirus crisis.

That being said, the company could well manage to become a major player in the long term, and if cannabis is legalized at the federal level in the United States, then the payoff could be huge. Yet, investors also need to keep in mind that Curaleaf is also suffering from a cash crunch, and in order to stay in the game long enough, it would need access to capital. Hence, it could be prudent for investors to stay away from the Curaleaf stock at this point.

Is Green Thumb Industries (OTCQX:GTBIF) a Solid Buy After The Recent Correction?

Cannabis stocks have been beaten down for quite a while, and some of the biggest names in the industry have seen their stocks record significant declines. That being said, there are still many promising companies in the sector, and one of those is Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF).

Key Things to Watch

 The Chicago based company is primarily into cannabis retail and boasts of as many as five different brands that cater to different consumer tastes. In 2019, it generated sales of $219 million, but in 2020, the market conditions are a bit different owing to the coronavirus crisis. Here is a closer look at GTI in order to figure out if the stock is worth considering as an investment.

Considering the tough situation that is going to be in store for many companies in the coming months, a strong cash position is vitally important, and in that regard, GTI is well endowed. Despite making a $59.1 million loss last year, GTI has $46 million worth of cash and cash equivalents.

The company’s operating costs had been $18 million in each of the last two years, and hence, if cash burn does not go through the roof, GTI is in a position to ride out the storm. The company is expected to spend less in light of the current restrictions as well.

On the other hand, the company has a wide variety of goods in both its retail and consumer packaged goods channels. In 2019, the company managed to boost its retail sales threefold to $137.8 million, and on the other hand, consumer packaged goods sales soared fourfold to $109.9 million. It is clear that the company has diversified effectively, and two high growth revenues channels could help the company in diversifying far more aggressively going forward.

The GTI stock is down by 27% in 2020 so far, but given its strong growth numbers, it could prove to be a prudent investment. That being said, it could be better if investors held off for now and waited until GTI announces its quarterly results towards the end of May.

Is HEXO Stock A Better Long-Term Investment Option Now?

The market has rebounded somewhat in recent days in the hopes of the reopening of the economy following the coronavirus pandemic induced lockdown. However, the situation has not been great with pot stocks, which have continued to remain depressed. That being said, it is also true that it could be the perfect opportunity for investors to make clever investments in some of the notable pot stocks in the market. One of the pot stocks that stand out at this point in time is the HEXO Corp (TSX:HEXO) (NYSE:HEXO). There are some factors that make it one of the more compelling stocks in the market.

Key Drivers

Hexo may have had its difficulties in recent times, but it is a company that has the wherewithal to eventually become one of the bigger players in the cannabis industry for years. It is not an attractive proposition merely because of the current rally but for generating potentially handsome returns for many years.

Hexo boasts of the second-highest number of patents among companies in the sector, and on top of that, it recently came up with Original Stash, its premium brand. Hexo has also created a research division and a food research laboratory in order to come up with more products.

However, that is not all. The company has managed to make a move into the potentially lucrative cannabis-infused beverage space and tied up with Molson Coors for the same. Hexo is collaborating with Molson Coors to launch a THC based beverage. According to studies, the cannabis-based beverage market could eventually grow into a $1.5 billion industry by 2026. If the company plays its cards right, then it could corner a significant portion of the market.

Hexo not only has a viable product in the pipeline in collaboration with a well-known brand, but it is also making progress in other avenues. Hence, the potential for growth is there, and investors could consider the stock.

IPPR Stock Remains An Impressive Pick in The Cannabis Sector

The cannabis industry has been struggling, especially in 2020, due to the market sell-off and the ever-persistent woes within the industry. The COVID-19, however, might be able to help the industry, as more and more states may legalize the substance. With the financial crisis due to the pandemic, states could legalize the industry in order to generate significant tax revenues from the same, gradually giving way to legalization at the federal level. In such a case, the cannabis stock of some companies might be worth a buy. Innovative Industrial Properties Inc (NYSE:IIPR) is one such stock.

What to Expect Now?

The company provides long-term triple-net lease to state-licensed operators in states where cannabis is already legal. As per 2019 Q4 reports, IIP owns 51 properties- spread across 15 states – of which 98.9% is under the lease (based on square footage). These properties are mostly industrial while some other retail. IIP continues to remain one of the very few companies delivering profits and even paying dividends to its shareholders.

The company 2019’s results were also very impressive, with its revenue up by 202% year-over-year to 44.7 million dollars. The major contributor to this increase was the acquisitions made by the company. The company’s net income amounted to 22.1 million dollars- up by 293%- while the EPS stood at 2.03 dollars per share, showing an increase of 171%. The company’s dividend yield was approximately 5%.

As per the regulations, a retail estate investment trust in return for getting special treatment in tax is required to pay at least 90% of the taxable income generated each year as dividends. This implies that till the time IIP remains profitable, investors would receive their dividends.

As cannabis remains illegal at the federal level, companies within the industry find it difficult to raise finance from the financial institutions. IIP’s lease-buyback transaction gives cannabis companies cash for their growth. Thus, federal legalization might bring down profits of IIP.  The analysts, however, expect the company to show a growth of over 44% in the next year.

Is OrganiGram Stock A Good Buy in the CBD Industry?

The coronavirus pandemic has had a massively negative impact on a range of industries, and the cannabis industry was not completely unscathed from it either. However, things could be changing soon. In a new development, it has emerged that Organigram Holdings (TSX:OGI) (NASDAQ:OGI) has decided to bring back its employees to work.

Major Analysis

The company published an update on Thursday last week with regards to this matter. The company stated that it is going to get its employees back to work in phases in light of the fact that the coronavirus crisis has eased in New Brunswick, its native province.

According to OrganiGram, a total of 50 employees are going to return to work at its offices in Moncton. Depending on the safety and general health guidelines provided by the authorities, the company is going to take a call on the next phases. Additionally, the company’s business needs are also going to be a factor in the entire process.

However, it goes without saying that the announcement from OrganiGram has come as a positive for the industry at large. It remains to be seen if other producers in Canada take such steps.

The provincial authorities in Canada have handled the coronavirus pandemic quite effectively, and that has apparently given OrganiGram the confidence to start bringing back its employees. The company, however, added that the standard safety precautions that have now become the norm throughout the world are going to be implemented. Measures like social distancing, regular cleaning, and sanitization of surfaces are going to be followed.

Many cannabis companies, including OrganiGram, had gone through difficulties in recent months despite the fact that cannabis dispensaries had stayed open during the crisis. The industry had been in trouble even before the crisis due to a range of issues starting from oversupply to a slow rollout of stores in Canada.

4 Hot Penny Stocks To Watch As Markets Continue To Recover

Over the years, penny stocks have managed to generate enormous wealth for investors, and hence, there is almost always an interest in this category of stocks. However, at the same time, it should be noted that penny stocks can be highly volatile, and hence, proper research is necessary before making investments. On that note, here is a closer look at four penny stocks that could be worth tracking at this point in time.

Hot Penny Stocks To Watch #1 Ritter Pharmaceuticals

One of the penny stocks that made a major move on Tuesday was that of Ritter Pharmaceuticals (RTTR), and it would be surprising if it does not come into the radars of most investors. There was no material new with regards to Ritter on Tuesday, but the stock soared by as much as 88%, and hence, it could be worthwhile for investors to keep an eye on RTTR stock.

This past Saturday, the company had announced its financial results for the first quarter, and the net loss stood at $1.7 million. In the year-ago period, the net loss had been $4.7 million. The company also announced that it would hold a virtual vote on its reverse merger with Qualigen on May 14. 

Hot Penny Stocks To Watch #2 Conatus Pharmaceuticals

Conatus Pharmaceuticals (CNAT) is another penny stock that conducted to gather some momentum on Tuesday and has managed to make it to this exclusive list. The company announced its first-quarter results on May 2 and also provided a strategic update. Conatus reduced its net losses from $4.7 million in the prior-year period to $3.5 million in Q1 2020.

However, the company did not generate any revenues in the quarter. The company also stated that its takeover of Histogen should be closed by the end of Q2 2020. CNAT stock gained 39% on Tuesday.

Hot Penny Stocks To Watch #3 CohBar

Many companies have seen their stock prices soar for working on products meant for tackling coronavirus, and CohBar Inc (CWBR) was the latest company to get such a boost. On Tuesday, the company announced it is trying to find out whether its Apelin receptor agonist peptides can be used to tackle Acute Respiratory Distress Syndrome (ARDS) caused by a coronavirus.

It is a significant development for the company and caused a lot of optimism about the stock in the markets. On Tuesday, CWBR stock rallied by as much as 19%.

Hot Penny Stocks To Watch #4 Tiziana Life Sciences

To round off the penny stocks that have shown positive momentum on Tuesday, investors might consider putting Tiziana Life Sciences (TLSA) on to their watch lists. Although there was no material news this week, the rally might have been tied to the announcement made by Tiziana on April 27.

Tiziana had stated that it had applied for a patent for the combination of anti-interleukin-6 receptor monoclonal antibody and nanoparticle-Actinomycin D as a treatment for the coronavirus. TLSA stock rallied by 18% on Tuesday, and it could be worthwhile to keep an eye on the stock this week.

4 Penny Stocks Making Key Headlines This Week

Over the course of this week, plenty of penny stocks have managed to record significant gains, and it is important for investors to keep an eye on these stocks. Penny stocks have the potential of generating significant short term profits, and hence, investors need to track the markets closely in order to discover the stocks which have made strong moves. Here is a quick look at 5 penny stocks that generated gains on Friday and could be tracked by investors.

Penny Stocks Making Key Headlines This Week #1 Waitr Holdings

Waitr Holdings (WTRH) is one of the companies which seemed to have done brisk business due to the lockdowns brought about by the coronavirus pandemic. On Thursday, the company revealed in its first-quarter earnings statement that its deliveries for the month of April are all set to hit the levels that had been hit prior to the coronavirus crisis.

The company noted that the orders started rebounding towards the end of March and managed to continue in the same vein in April. It is a major boost for the company, and it was reflected in the rally in its stock as well. The Waitr stock gained as much as 45% on Wednesday.

Penny Stocks Making Key Headlines This Week #2 Therapix Biosciences

The appointment of key personnel to a company’s board of directors can often have a positive effect on a stock, and that is what happened with Therapix Biosciences Ltd (TRPX) on Thursday. The company, which is involved in creating CBD based treatments, announced on Thursday that Prof. Ari Shamiss had been inducted into its board.

Shamiss is going to step down from his position as the Chief Executive Officer of Assuta Medical Centers, and it goes without saying that it is a significant coup for Therapix. After the announcement was made, the stock rallied by as much as 37%.

Penny Stocks Making Key Headlines This Week #3 Vuzix Corporation

Another penny stock that could be worth watching closely at this point is Vuzix Corporation (VUZI). The company is involved in augmented reality and also manufactures smart glasses. In a new development on Thursday, the company announced that it is going to provide Zoom Healthcare support to its customers.

By way of this collaboration, Vuzix customers would be able to connect to mentors or support teams remotely. It is a significant step, considering the fact that social distancing norms are still being maintained. The Vuzix stock soared by 26% following the announcement.

Penny Stocks Making Key Headlines This Week #4 Riot Blockchain

Riot Blockchain (RIOT) is one of the rare examples of a publicly listed cryptocurrency company, and on Thursday, its stock soared by as much as 21% after the company made a major announcement.

Riot announced that it is going to spend $1.9 million on Bitmain S19 (95 TH) Antminers. On top of that, Bitcoin continued to rally, and today, it hit the coveted $10,000 mark. In such a situation, Riot could well be in focus among investors.

5 Penny stocks to be in Limelight in May

The coronavirus pandemic has sent the markets into complete turmoil over the past few weeks, and stocks have recorded steep declines across the board. However, despite all that, there have been some penny stocks that have managed to deliver gains even during these tough times.

This past Friday, some penny stocks rallied, and it could be worthwhile for investors to take a closer look at some of these stocks. Here is a look at 5 penny stocks that recorded gains on Friday.

Penny stocks to be in Limelight in May #1 Superior Drilling

One of the penny stocks that managed to record significant gains on Friday was that of Superior Drilling (SDPI). The company successfully executed an amendment to its Hard Rock Note by way of which payments to the tune of $1.5 million has been deferred to 2021 and 2022. Superior is going to continue to make the interest payments on schedule.

The company also reported that its revenues for the 1st quarter grew by as much as 6.4% year on year to hit $5.4 million. The two developments resulted in a lot of positivity around SDPI stock, and it rallied by as much as 56% on Friday.

Penny stocks to be in Limelight in May #2 Ocwen Financial

Investors who are looking for promising penny stocks could also consider having a closer look at Ocwen Financial (OCN), which soared by as much as 70% on Friday. The company reported its financial results for the 1st quarter, and its performance impressed the market. Earnings per share soared by as much as 42.42% and managed to beat analysts’ estimates of $0.40.

However, revenues declined year on year by 16.47% to hit $253,842,000. Investors piled on to the stock on the back of the announcement, and OCN stock soared by as much as 70%.

Penny stocks to be in Limelight in May #3 Peabody Energy

Shares of Peabody Energy (BTU) gained as much as 35.50% on Friday in reaction to the rising price of seaborne metallurgical coal. Peabody is involved in the production of that type of coal, which is better known as coking coal in industrial circles.

During the course of the week, the price of coking coal rose to $110.43 per metric ton, which reflects a rise of as much as $2.80 per metric ton. Such a rise in price triggered a rally in BTU stock, and it could be worthwhile for investors to keep an eye on this stock this morning.

Penny stocks to be in Limelight in May #4 Kitov Pharma

There are two more penny stocks that made major moves on Friday, and one of those is Kitov Pharma Ltd (KTOV). This past Friday, the company announced that it successfully completed a registered direct offering of 25000002 shares at the rate of $0.40 each. The shares in question were represented by American Depository Shares.

The gross proceeds for the same stood at around $10 million. It is a significant development for the company at a time when raising capital may have proven challenging. After the announcement, the stock rose by as much as 25.60%. Investors could do well to add KTOV stock on to their watch lists this week.

Penny stocks to be in Limelight in May #5 Carrols Restaurant

It has not been a particularly great time for restaurants over the past few weeks, and hence, it came as a pleasant surprise for many when the Carrols Restaurant (TAST) rose by 23.50% on Friday. While the company’s earnings per share dropped by as much as 31.03% year on year to $0.38, revenues rose by much as 20.88%. Carrols generated revenues of $351518000. That might have been the trigger behind the rally in TAST stock.

4 Penny Stocks Gaining Momentum This Week

Over the years, penny stocks have proven to be one of the more popular categories of stocks for a large number of investors and for a good reason too. Penny stocks offer the unique opportunity of making substantial returns from relatively small investments. That being said, one has to conduct thorough research in order to discover promising penny stocks. Here is a quick look at 4 penny stocks that could be worth tracking.

Penny Stocks Gaining Momentum #1 Abeona Therapeutics

Abeona Therapeutics (ABEO) was one of the major penny stock gainers on Monday; however, there was no news with regards to the company that could have triggered the strong rally. The company had released its financial results for the 1st quarter last week, and that may have been one of the reasons behind the rally.

The net loss for the period stood at $0.52 per share, as opposed to $0.39 per share in the year-ago period. Abeona also reported cash and cash equivalents of $116 million. Additionally, it provided some important business updates as well. ABEO stock flew by 20.50% on Monday.

Penny Stocks Gaining Momentum #2 Diffusion Pharmaceuticals

Another pharmaceutical penny stock that has been in the news in recent days is Diffusion Pharmaceuticals (DFFN). Back on May 5, the company had announced that the United States Food and Drug Administration was going to speed up its review of using trans sodium crocetinate for the treatment of coronavirus patients.

It is a significant development for the company and one that could eventually put Diffusion into the map in a big way. In recent times many companies have seen their stocks soar on the back of coronavirus related developments, and it was, and it was no different for Diffusion. On Monday, DFFN stock soared by 20.50%.

Penny Stocks Gaining Momentum #3 Waitr Holdings

Another penny stock that ought to be on the radars of investors at this point is that of food delivery firm Waitr Holdings (WTRH), which has made significant gains over the past week. Last week, the company announced its first-quarter results and posted a loss of $2.1 million, which works out to $.03 a share.

On the other hand, the revenues for the period stood at $44.2 million, which reflected a decline of 8% from the prior-year period. Since the announcement last week, WTRH stock has gained as much as 100%. Investors could do well to keep an eye on the stock.

Penny Stocks Gaining Momentum #4 AMC Entertainment

Talks of big-ticket mergers can often have a significant effect on any stock, and that is what happened with AMC Entertainment Holdings (AMC) on Monday. The stock had recorded significant losses since the start of the pandemic, but on Monday, it emerged that the company is in talks with Amazon over a merger. The news resulted in a strong rally in AMC stock, and it gained as much as 30%. The company refused to comment on speculation. However, it is almost certain that it is going to be in focus on Tuesday.

5 Penny Stocks Making Big Moves This Week

If one is looking to make money from investing in penny stocks, then it is also necessary to put in the hard yards and conduct thorough research behind the different stocks. The stock market at large has been quite volatile in recent times, and hence, investors need to be careful. Here is a quick look at 5 penny stocks that could be tracked by investors at this point in time.

Penny Stocks making Big Moves #1 Aurora Cannabis

Aurora Cannabis (ACB) announced its quarterly financials for the fiscal third quarter on Thursday and has come into sharp focus among investors. The company had been struggling over the course of the past months due to the high volume of losses and financial crunch.

However, in the third quarter, the company posted a net loss of $137.4 million, which is a massive improvement from the $1.3 billion loss it had posted in the previous quarter. On the other hand, sales rose by as much as 19% to hit $78.4 million. Investors could do well to keep an eye on the Aurora stock on Friday morning.

Penny Stocks making Big Moves #2 Diffusion Pharmaceuticals

Diffusion Pharmaceuticals (DFFN) has emerged as another major penny stock gainer in May so far, having gained as much as 100%. Earlier on in the month, the company announced that the United States Food and Drug Administration was going to accelerate the review of its plant for its product trans sodium crocetinate to be used for the treatment of coronavirus patients.

It is a massive development for the company, and the rally in the stock was not at all surprising. It remains to be seen if Diffusion can record further gains.

Penny Stocks making Big Moves #3 Conatus Pharmaceuticals

Investors who are looking for promising penny stocks could also consider having a closer look at the Conatus Pharmaceuticals (CNAT). On Thursday, the stock rallied by as much as 29.50%, and it is possibly linked with the publication of pre-clinical data from the HST 004 Spinal disc program from Histogen.

Back in January, Histogen had reached an agreement to merge with Conatus in an all-stock transaction, and the former is going to be spun off into a subsidiary.

Penny Stocks making Big Moves #4 ServiceSource

Despite the current volatility in the markets, certain penny stocks have managed to record gains on the back of positive news. That was the case with the stock of digital customer journey experience firm ServiceSource (SREV).

On Thursday, the company announced that it extended its association with the open-source solutions company Red Hat Inc and consequently, its stock rallied by as much as 21.50%. It goes without saying that it could be worthwhile for investors to keep a close eye o the stock this morning.

Penny Stocks making Big Moves #5 Vermillion

The fifth penny stock that could be on the radar of investors today is that of Vermillion Inc (VET), which rallied after the company published its financial results for the fiscal first quarter. Despite the challenges created by the coronavirus pandemic, the company generated revenues of $1.2 million, which reflects a year on year rise of as much as 555. It was hence hardly a surprise when the Vermillion stock rallied by 13% on Thursday.

5 Best Penny Stocks to Buy This Week

Investors who look for value in the markets are almost always on the lookout for the next big things when it comes to penny stocks, and it goes without saying that a lot of research needs to be involved in order to discover these stocks. One way of going about it is by tracking those penny stocks which have recorded gains in recent times. Here is a quick look at the 5 penny stocks that recorded gains on Monday.

Best Penny Stocks to Buy This Week #1 MicroVision

One of the penny stocks that could be tracked by investors at this point is that of MicroVision (MVIS). There was no material news with regards to the company that could have triggered the strong rally on the stock. However, it soared after online speculation about the possibility of MicroVision being taken over by tech giant Microsoft.

It goes without saying that speculation of that nature can often lead to massive rallied, and that is what happened with MVIS stock. The stock soared by as much as 105% on Monday.

Best Penny Stocks to Buy This Week #2 Retractable Technologies

Those looking to invest in penny stocks could also consider putting Retractable Technologies (RVP) in their watch lists in light of the rally enjoyed by the stock on Monday. Back on May 1, the company got additional orders for automated retraction safety syringes from HHS.

The company already had a contract in place with HHS, and it is undoubtedly a significant development for Retractable Technologies. On Monday, investors piled on to RVP stock on the back of the development, and the stock soared by as much as 70%.

Best Penny Stocks to Buy This Week #3 Waitr Holdings

Waitr Holdings (WTRH) is another interesting proposition from among penny stocks and particularly so after the stock rallied strongly on Monday. There was no specific news with regards to the company, but it should be noted that back in April, the company had announced its financial results for the first quarter.

At the time, Waitr had reported revenues of $44 million. WTRH stock gained 31% on Monday, and it could be worthwhile for investors to keep an eye on it.

Best Penny Stocks to Buy This Week #4 Aqua Metals

Receipt of payments can often be a boost to companies and especially so when the payments relate to insurance. Aqua Metals (AQMS) soared on Monday after it emerged that the company received $2.5 million in additional insurance payments. The total insurance payment it has received thus far has now gone up to $12.5 million. AQMS stock rallied by as much as 21% on the back of the receipt.

Best Penny Stocks to Buy This Week #5 Renren

Renren Inc (RENN) is another one that went up significantly on Monday and has emerged as one of the penny stocks to watch at this point. RENN stock soared by as much as 47% on Monday, and it must have come as a major boost considering the fact that it had received a non-compliance letter from the NYSE in April.

The letter had indicated that Renren is non-compliant since the price of its depository shares had gone below the threshold.