General Electric’s (GE) “Teach-In” Boosts Investor Confidence; RBC Weighs in on the Stock

Last week, General Electric (GE) hosted what it dubbed as a “teach-in” for investors and analysts to learn about its insurance business. In an effort to show more transparency in its restructuring efforts, CEO Larry Culp hosted this event to discuss what the company is doing with its insurance business and allow for analysts to critique and ask questions. RBC analyst Deane Dray says the company’s assumptions are reasonable with no new negatives, and does not change the picture on the stock moving forward. The analyst maintains his Outperform rating and $12 price target on the stock, which implies nearly[…]

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Cannabis Stock Tilray (TLRY) Goes Negative for the Year; Here’s Why

It’s been two weeks since Jefferies analyst Owen Bennett initiated coverage of Aurora Cannabis (ACB) a “buy” rating, arguing the company is priced attractively relative to its two closest rivals in Canadian cannabis stocks, Canopy Growth (CGC) and Tilray (TLRY). On Friday, Bennett took the next logical step — and initiated Tilray at “underperform,” with a $61 price target, which implies nearly 13% downside from current levels. In reaction, Tilray shares tumbled nearly 8% to $69.72, leaving the stock in negative territory in 2019. Now, it’s not that Bennett thinks Tilray is utterly without hope. To the contrary, the analyst had[…]

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Aurora Cannabis (ACB) Launches Cannabis Oil Product in Germany; Stock Rises 2%

Aurora Cannabis (ACB) announced that it has commenced sales of cannabis oils to German pharmacies following receipt of all necessary approvals from the Canadian and German regulatory authorities. Pedanios 5/1 drops have become the first extract derived oil product compliant with the German monograph for in-pharmacy preparation. In reaction to the news, ACB stock is up nearly 2% to $7.89 in pre-market trading Monday. Aurora is the medical cannabis market leader in Germany. The Company has supplied the German market with dried cannabis flower via Aurora Deutschland (formerly Pedanios) since December 2015, and with Canadian-grown Aurora products since September 2017. Aurora has established[…]

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National Access Cannabis Ring Up Over $57 Billion in Retail Cannabis Sales

NAC has achieved over $20 million in retail cannabis sales since federal legalization on October 17, 2018. The Company has 23 operational retail cannabis locations in Alberta and Manitoba, as well as an additional five locations throughout Manitoba planned for opening by the end of Q2 2019, and a planned expansion to Saskatchewan. With 23 stores in Alberta and Manitoba, the Company is the largest private cannabis retailer in Canada, according to provincial licensing statistics. National Access Cannabis (NAC) (TSXV:META) provided investors with a corporate and retail sales update. The Company previously reported achieving $10.18 million in cumulative sales in just over 80 days of retail operation. The Company is successfully executing on its growth[…]

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