BevCanna Announces Addition of Glass Manufacturing Capabilities

<p>Keep reading to find out more cannabis highlights from the past five days.</p>
<div class=”cp-text-ad”><div class=”row text-ad-ofie”>
<div class=”ad-image large-4 medium-4 small-12 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<img alt=”Cannabis Free Report Cover” class=”hide-for-small-only” data-src=”https://cdn.investingnews.com/app/uploads/2020/05/Profiting-from-Cannabis-Industry-3D.jpg” title=”Profiting from the Cannabis Industry”/></a></div>
<div class=”ad-copy large-8 medium-8 small-11 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<h2 align=”center” class=”ofie”>Find out what experts say about profiting from the cannabis market in 2021!</h2></a>
 
<h5 align=”center” class=”subheadline”>Read our FREE 2021 cannabis outlook report!</h5>
 
<div align=”center”><a class=”button red radius” href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”> Give me my free report! </a></div>
</div>
<!– end large-8 –>
</div></div>
<h2>Cannabis stocks tumble after seeing Reddit-led rally</h2>
<p>The days of unpredictability in the cannabis stock market continued this past week as the sector received the interest of online traders.</p>
<p>The initial rally for leading cannabis names in senior exchanges like Canopy Growth (NASDAQ:<a href=”https://investingnews.com/stock-information/?symbol=CGC:US” rel=”noopener noreferrer” target=”_blank”>CGC</a>,TSX:WEED), Aphria (NASDAQ:<a href=”https://investingnews.com/stock-information/?symbol=APHA:US” rel=”noopener noreferrer” target=”_blank”>APHA</a>,TSX:APHA) and Tilray (NASDAQ:<a href=”https://investingnews.com/stock-information/?symbol=TLRY:US” rel=”noopener noreferrer” target=”_blank”>TLRY</a>) ended up dissipating as confusion over US policy impact took over in the discussion surrounding the sentiment of these stocks.</p>
<p>A <a href=”https://markets.businessinsider.com/news/stocks/cannabis-stock-price-reddit-traders-decriminalization-rally-tlry-apha-acb-2021-2-1030073912″ rel=”noopener noreferrer” target=”_blank”>report from Markets Insider</a>, indicated the popular Reddit forum r/wallstreetbets, in which investors discuss potential trade and market activity, saw an uptick in discussion surrounding the possible gains from betting heavily in cannabis companies. The online discussion was also fuelled by recent comments from cannabis executives surrounding the possible legalization efforts in the US market.</p>
<p>However, while there have been hints about the approach US President Joe Biden’s administration will take towards cannabis policy <a href=”https://investingnews.com/daily/cannabis-investing/us-political-stirrings-could-boost-cannabis/” rel=”noopener noreferrer” target=”_blank”>several experts have told the Investing News Network</a> (INN) the likelihood of sweeping federal legalization is scarce.</p>
<p>Last Wednesday (February 10) proved to be the key day of highs for cannabis names, with many reaching year highs. But then the drops showed up. <a href=”https://www.bnnbloomberg.ca/tilray-plunges-most-on-record-as-cannabis-stocks-tumble-1.1562381″ rel=”noopener noreferrer” target=”_blank”>Bloomberg News reported</a> Tilray saw a drop in value of 50 percent highlighting the volatility still present with the cannabis stock market alongside substantial drops for funds covering the cannabis space.</p>
<p>“I think people need to be more educated about (how) all cannabis stocks aren’t the same,” Dan Ahrens, managing director and chief operating officer at AdvisorShares, which oversees the AdvisorShares Pure Cannabis ETF (ARCA:<a href=”https://investingnews.com/stock-information/?symbol=YOLO:US”>YOLO</a>) and the AdvisorShares Pure US Cannabis ETF (ARCA:<a href=”https://investingnews.com/stock-information/?symbol=YOLO:US” rel=”noopener noreferrer” target=”_blank”>MSOS</a>), <a href=”https://investingnews.com/daily/cannabis-investing/etf-manager-misinformation-still-rules-cannabis-investments/” rel=”noopener noreferrer” target=”_blank”>previously told INN</a> about the lack of clarity present for those evaluating the cannabis stock market at times.</p>
<div class=”cp-text-ad”><div class=”row text-ad-ofie”>
<div class=”ad-image large-4 medium-4 small-12 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<img alt=”Cannabis Free Report Cover” class=”hide-for-small-only” src=”https://cdn.investingnews.com/app/uploads/2020/05/Profiting-from-Cannabis-Industry-3D.jpg” title=”Profiting from the Cannabis Industry”/></a></div>
<div class=”ad-copy large-8 medium-8 small-11 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<h2 align=”center” class=”ofie”>Find out what experts say about profiting from the cannabis market in 2021!</h2></a>
 
<h5 align=”center” class=”subheadline”>Read our FREE 2021 cannabis outlook report!</h5>
 
<div align=”center”><a class=”button red radius” href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”> Give me my free report! </a></div>
</div>
<!– end large-8 –>
</div></div>
<h2>Short selling report warns of future squeezes</h2>
<p>The impact of the cannabis stocks volatility period also reached the short selling market. <a href=”https://www.shortsight.com/cannabis-sector-wide-short-squeeze/” rel=”noopener noreferrer” target=”_blank”>According to S3 Analytics</a>, a research group evaluating short selling tactics in the stock market, short interest in cannabis names grew by nearly US$2 billion in the past month as of last Wednesday.</p>
<p>The researchers indicated Canopy Growth was still the largest short from the cannabis names but Tilray was closing in.</p>
<p>“We can see that short sellers have been trimming their positions into the sector’s rally with $1.54 billion of net short covering in the sector for the year,” the report prepared by Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, said.</p>
<p>Dusaniwsky warned short squeezes may continue for cannabis names alongside the potential for US cannabis policy changes rises.</p>
<p>“With general sector sentiment very positive we should expect more general short covering as short sellers look for greener pastures elsewhere,” the report said. “But with short sellers already bloodied, full blown short squeezes in many of these stocks should not be a surprise and long shareholders will have a tailwind of buy-to-covers helping drive stock prices even higher.</p>
<h2>Cannabis company news</h2>
<ul class=”ee-ul”><li><strong>Village Farms International (NASDAQ:<a href=”https://investingnews.com/stock-information/?symbol=VFF:US” rel=”noopener noreferrer” target=”_blank”>VFF</a>,TSX:VFF)</strong> <a href=”https://www.newswire.ca/news-releases/village-farms-international-fully-repays-promissory-note-related-to-pure-sunfarms-acquisition-and-announces-additional-investment-in-asia-pacific-partner-altum-878774559.html” rel=”noopener noreferrer” target=”_blank”>confirmed</a> to the market a full repayment completion to Emerald Health Therapeutics (TSXV:<a href=”https://investingnews.com/stock-information/?symbol=EMH:CA” rel=”noopener noreferrer” target=”_blank”>EMH</a>,OTCQX:EMHTF) for the acquisition of producer Pure Sunfarms, for the remaining shares not owned by Village Farms.</li>
<li><strong>Aphria</strong> <a href=”https://www.newswire.ca/news-releases/aphria-inc-strengthens-leadership-position-in-germany-833080920.html” rel=”noopener noreferrer” target=”_blank”>announced</a> the appointment of Denise Faltischek, the company’s chief strategy officer, as the managing director of Aphria Germany also. “We believe the European Union continues to have many robust growth opportunities for Aphria and Germany represents the most sought-after market within those countries,” Faltischek said.</li>
<li><strong>Subversive Real Estate Acquisition REIT LP (NEO:<a href=”https://investingnews.com/stock-information/?symbol=SVX.U:AQN” rel=”noopener noreferrer” target=”_blank”>SVX.U</a>,OTCQX:SBVRF)</strong> <a href=”https://www.newswire.ca/news-releases/subversive-real-estate-acquisition-reit-lp-announces-filing-of-preliminary-prospectus-814698443.html” rel=”noopener noreferrer” target=”_blank”>informed</a> investors it is on the way to complete its qualifying transaction as it filed preliminary prospectus for the agreed deal with InterCure (TASE:<a href=”https://finance.yahoo.com/quote/INCR.TA/” rel=”noopener noreferrer” target=”_blank”>INCR</a>), an Isreali-based cannabis company.</li>
<li><strong>Curaleaf Holdings (CSE:<a href=”https://investingnews.com/stock-information/?symbol=CURA:CNX” rel=”noopener noreferrer” target=”_blank”>CURA</a>,OTCQX:CURLF)</strong> reached the mark of 100 cannabis stores under its management across the US cannabis market. “Reaching 100 dispensaries nationwide is a remarkable milestone and Curaleaf is honored to be a trusted source for high-quality cannabis products and education for patients in Florida and communities across the country,” Joe Bayern, CEO of Curaleaf, said.</li>
</ul><p><em>Don’t forget to follow us <a href=”https://twitter.com/inn_cannabis”>@INN_Cannabis</a> for real-time updates!</em></p>
<p><strong>Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.</strong></p>
<div class=”cp-text-ad”><div class=”row text-ad-ofie”>
<div class=”ad-image large-4 medium-4 small-12 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<img alt=”Cannabis Free Report Cover” class=”hide-for-small-only” src=”https://cdn.investingnews.com/app/uploads/2020/05/Profiting-from-Cannabis-Industry-3D.jpg” title=”Profiting from the Cannabis Industry”/></a></div>
<div class=”ad-copy large-8 medium-8 small-11 columns”><a href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”>
<h2 align=”center” class=”ofie”>Find out what experts say about profiting from the cannabis market in 2021!</h2></a>
 
<h5 align=”center” class=”subheadline”>Read our FREE 2021 cannabis outlook report!</h5>
 
<div align=”center”><a class=”button red radius” href=”https://investingnews.com/free-report-online/investing-in-medical-cannabis-and-legal-cannabis-stocks/” id=”Type: Outlook, Category: Cannabis Investing”> Give me my free report! </a></div>
</div>
<!– end large-8 –>
</div></div>

Keep reading… Show less

Comments are closed.