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Global Cannabis Stocks Post First Winning Quarter Since Early 2019

By July 9, 2020 No Comments

cbdMD bucked the trend of weakness among its peers. Planet 13 reopened its Las Vegas Superstore. The company also sold C$10 million of stock. Power REIT, which has only partial exposure to the cannabis space, didn’t release news in June. HEXO continued to work on repairing its balance sheet during the month, converting debt to equity, selling C$34.5 million in stock and selling its Niagara facility. The company beat expectations when it reported revenue of C$22.1 million for its fiscal Q3.

 

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