The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And it looks like the anticipated changes could happen faster than initially expected.
The statement feeds expectations that the Democratic Congressional majority will pass — and that President Biden will sign — a bill to legalize marijuana. Investors are also looking at further state-level legalization moves; one key state in this regard is New York. So, the cannabis industry is looking up.
There is an expanding network of state legalization regimes, and expectations of a change in federal policy; both are putting upward pressure on cannabis shares. Both have posted impressive year-to-date performances, and stand to rise even more in the year ahead. The company started out as a farmer, producing high-quality greenhouse vegetables year-round for sale in the North American market.
That background fit the company well for a transition to the cannabis industry — Village Farms has experience in greenhouse production and industrial-scale growing. Two important pieces of news precipitated the surge since the end of January. The move increases the international reach of Village Farms, and its ability to increase Altum holdings in the future. The company was able to fund these moves because it had a successful equity sale in January, putting an additional In addition to its strong capital and expansion positions, Village Farms has been reporting solid financial results.
VFF has historically been undervalued compared to less profitable peers, but we expect shares to continue working higher … as the prospect for US reform increases throughout the year. The company is involved in both the medical and recreational sides of the market, and both grows and produces cannabis and markets a range of products through numerous brand names.
Growth has been fueled by expansion of the cultivation operations in California and Pennsylvania, and by the move into the adult-use recreational market in New Jersey. Last month, TerrAscend closed a non-brokered private placement stock sale, putting more than 18 million common shares on the market. We have been bullish on the company since initiating coverage last year and are happy to say the TRSSF team has exceeded our expectations, generating rapid increases in margins and operating leverage that have earned them a place solidly in the Top Tier of MSOs," Des Lauriers noted.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. The Buffett Indicator has gone haywire of late. Congressional leaders are hurrying the new payments along. Will you get one — and when? Coronavirus, of course. Or more precisely, a vaccine to fight it.
Yesterday, Nakae took another look at Ocugen at its present share price, and declared it overpriced, downgrading the shares to Neutral i. To watch Nakae's track record, click here Why is Nakae having second thoughts about Ocugen now? Valuation is obviously a concern, and certainly the primary one.
After all, hype aside, Ocugen stock is a company almost entirely devoid of revenues. At its current market capitalization, therefore, Ocugen stock sells for a mind-numbing 40, times trailing sales, which is kind of a lot. Now, what must Ocugen do to justify this valuation -- one that's not just "sky high" above fair value, but more orbiting somewhere out past Saturn? Although Covaxin has an ongoing Phase III clinical trial, that's happening in India, and Nakae thinks that even after initial results are in probably in March , the company may need to conduct an additional study in the U.
Next, Ocugen will need to set up manufacturing operations to produce the vaccine in the U. This will of course cost money, and this is probably one reason why Nakae predicts the company "will likely need to raise debt or equity funds in the future. Finally, once manufacturing has been set up and the vaccine goes on sale, the company will have to compete with multiple other vaccines already on the market -- and then split any profits that do result with its partner Bharat.
And of course, all of this only happens if the vaccine proves effective, and safe enough to convince the FDA to issue the EUA. So how long will all of this take? How long before Ocugen turns into something resembling a business, as opposed to just a "coronavirus play? The current outlook offers a conundrum. On the one hand, based on 3 Buys and 1 Hold, the stock has a Strong Buy consensus rating. It will be interesting to see whether the analysts downgrade their ratings or upgrade price targets over the coming months.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The Apple Inc. The South Korean company - after the first successful approaches last January - was ready to make the Kia plant in West Point Georgia available to Apple, but some days ago the process came to a screeching halt, apparently due to internal disagreements within the Hyundai board. Apple's goal would be to strike an agreement with an Asian company, probably to intercept the potential endless electric car market in the continent.
See Also: Why Apple Could Emerge As Tesla's 'First True Competitor' Time Until "We are receiving several requests for cooperation in the joint development of autonomous electric vehicles from various companies, but they are at an early stage and nothing has been decided," Hyundai executives said in a note in which they dismissed the deal with Apple.
In conclusion, the Apple Car will have to wait for now: there is time until , which is the expected release date. This article originally appeared on Financialounge. It does not represent the opinion of Benzinga and has not been edited. Benzinga does not provide investment advice. All rights reserved. Interest from retail investors appeared to lift cannabis stocks broadly higher on Wednesday, signaling that the recent trading frenzy behind Reddit favorites such as GameStop is shifting to other companies.
The Federal Reserve and other powerful central banks have viewed a curiously long bout of low inflation as proof that stimulating the economy through unconventional money-printing measures can ease the pain of downturns. Prioritizing economic support over inflation risk seemed like the right move: Many emerging market central banks initially offset the impact of fleeing foreign investors and rising borrowing costs, while helping to lift their stock prices.
The green energy industry has been red-hot throughout Here are the 2 companies could do very well in Nio NIO is entering its next phase of expansion. Last week, the EV maker announced it is partnering with the Hefei Anhui municipal government in China to build a new energy vehicle industrial park.
It is not the first time the province and Nio are crossing paths. The Hefei government and its affiliates intend to re-invest all profits from the equity investments back into the NIO China partnership. Details were not provided on financing sources, but we suspect there will be large support in the form of bank credit lines or arrangements similar in nature.
You might have heard of one of them called bitcoin. It went up and up in value before it crashed back down soon after. But what actually is cryptocurrency and how are they different to regular currencies? MATT: Welcome to the world's newest and most exciting currency, set to revolutionise money as we know it.
Introducing Mattcoin. Any questions? OK, you need a bit more than a fancy logo and a very impressive, well-respected, name, to create your own currency. But in recent years, lots of people really have created their very own money. Currencies that only exist in virtual form, but can be used and transferred around the world.
And the biggest, and most well-known, is bitcoin. Bitcoin was invented in by a programmer who wanted to create a system of money not controlled by governments or banks. Bitcoin works, in theory, like an online version of cash. You can use it to buy products and services, although unlike the Aussie dollar, not many shops accept bitcoin yet.
Each bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send bitcoins or part of one to your digital wallet, and you can send bitcoins to other people. Every single transaction is recorded in a public list called a blockchain. This makes it possible to trace the history of bitcoins to stop people from spending coins they don't own, or making copies of them.
You can buy cryptocurrencies, like bitcoin, with normal money or create them using a computer. That's called mining. The computers are made to work out incredibly difficult sums, and occasionally they are rewarded with a coin for the owner to keep. It's a lot more complicated than it sounds. But while lots of people have got behind it, there is a down side. While the value of regular money is kept under fairly tight control how much cryptocurrencies, like bitcoin, are worth depends on how many people want to buy them at that exact moment.
And that's what all the fuss has been over recently. The price of bitcoin spiked hugely towards the end of last year, but has been dropping ever since. It means people who got in really early have seen an incredible return on their investment. But some, who bought bitcoin later, have actually lost a lot of money. It's a good question. Although it's not always stable, some people like that cryptocurrencies aren't regulated by governments. But there are concerns they can be used by criminals who want something that's harder to track than traditional money.
Bitcoin's even been banned in some countries. But despite that uncertainty, cryptocurrencies still have a lot of supporters. And while some virtual currencies have come and gone, others seem like they're here to stay.
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