1119 days ago
According to research company BDSA, the global legal cannabis market will be worth $55.9 billion by 2026. To reach that size between now and then, it will have to grow at a compound annual rate of more than 17%. Source: fool.com
1120 days ago
The share price of the Canadian cannabis company Organigram climbed almost 45% in pre-market trading today, as a subsidiary ofBritish American Tobacco announced it will take a 19.9% stake in the company. The deal is worth approximately $221 million, for a total of 58.3 million shares at a price of $3.78. The cannabis company said it would help it strengthen its balance sheet and get ready for a global legalization in the United States.
1120 days ago
The Plug Power stock has already impressed this year, rising almost 800% over the last 12 months. Despite some setbacks in the last session, President Biden's new infrastructure spending plan could have a positive effect on the stock. And the same goes for Bloom Energy,
1120 days ago
Adjusted earnings rose 30% to $3.38 a share. Revenue growth accelerated for the third straight quarter, jumping 46% to $33.87 billion. Revenue for the company's cloud computing business grew 50% year over year to $2.47 billion. With Alibaba stock still far off its high and below its recently converged 50-day and 200-day moving average lines, Alibaba is not a buy now because it still has overhead supply to work through. Risk averse investors will wait and see if Alibaba can get back into rally mode and fully form the right side of a base. Renewed signs of institutional buying would help the stock's cause, but there aren't any signs of it yet. An early entry would be seen if Alibaba stock can move above its recent high of 274.29. Source: investors.com
