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Aurora Cannabis Analyst Says 'Profitability Is Not On The Horizon'
Monday, December 23, 2019 - 12:56pm | 395Aurora Cannabis Inc. (NYSE: ACB) shares were falling Monday after a weekend announcement that CCO Cam Battley is stepping down. The Aurora Analyst MKM Partners’ Bill Kirk reiterated a Sell rating on Aurora and lowered the price target from CA$3 ($2.28) to CA$2 ($1.52). MKM's...
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Canopy Growth Is Prepared For 'Cannabis 2.0' In Canada, Analysts Say
Thursday, December 5, 2019 - 1:10pm | 456Canopy Growth Inc. (NYSE: CGC) (TSE:WEED) recently announced its new product line amid Canada's "cannabis 2.0" launch this month. Here's what the sell-side thinks. The Analysts Bank of America Merrill Lynch's Christopher Carey reiterated a Buy rating on Canopy Growth and...
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Big Changes Ahead For Molson Coors In Fast-Changing Beer Industry
Friday, November 1, 2019 - 1:55pm | 797Will this be a silver bullet? Molson Coors Brewing Co (NYSE: TAP) is making major changes in a revitalization plan that will move its headquarters from Denver to Chicago, cut hundreds of jobs and work to speed up how quickly it brings new products to market. What It Means New products are the...
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MKM Lowers Aurora Price Target On Softening Cannabis Industry Forecast
Monday, October 14, 2019 - 10:13am | 355Aurora Cannabis Inc (NYSE: ACB) stock is down 30.03% on a year-to-date basis, and 35.1% over the last 30 days. The Analyst MKM Partners analyst Bill Kirk maintained a Sell on Aurora and lowered the price target from CA$5 ($3.78) to CA$3.50 ($2.65). The Thesis MKM has three...
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Hexo Analysts React To Resignation Of Cannabis Company's CFO: 'What Don't We Know?'
Monday, October 7, 2019 - 12:05pm | 648HEXO Corp. (TSX: HEXO) (NYSE: HEXO) announced Friday that Chief Financial Officer Michael Monahan is resigning due to family reasons. "Since joining HEXO Corp, it has become apparent that this job requires me to spend the majority of my time in Gatineau and in Ottawa. During this...
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MKM: SAFE Banking Act A Net Positive, But Muted Response From Cannabis Investors
Thursday, September 26, 2019 - 11:22am | 556The investor response to the House of Representatives' passage of a bill to ease banking restrictions on cannabis companies was mostly muted because it was expected, and the real test will come in the Senate, MKM Partners said Thursday. The measure, which would make it easier for cannabis...
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MKM Initiates Mixed Coverage Of The Cannabis Sector, Most Bullish On Hexo
Friday, September 20, 2019 - 10:16am | 1092The cannabis group received more attention from Wall Street when a top firm initiated coverage on eight cannabis stocks. However, the analyst coverage is mixed, suggesting stock selection is critical for cannabis investors. The Analyst MKM Partners analyst Bill Kirk initiated coverage of the...
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7 Retailers To Play Favorable Q3 Weather
Tuesday, September 26, 2017 - 3:23pm | 837Based on its meeting with Weather Trends International CEO Bill Kirk, Cowen said in a note Tuesday that the second-half could turn out great for retailers. The key takeaways from the meeting include August being the coolest in 13 years and a potential positive metric for back-to-school apparel...
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Retailers At The Mercy Of Mother Earth As Weather Forecasts Call For Warm Winter, Cold Spring
Thursday, September 15, 2016 - 5:14pm | 278Michael Binetti, a retail analyst at UBS, spoke with Bill Kirk (CEO and Co-Founder of Weather Trends International) to better gauge which retailers are in a position to succeed or fail. Kirk is calling for one of the largest year-over-year winter temperature declines and a very cold winter will...