Christopher Carey

Cannabis producer company CannTrust Holdings Inc (NYSE: CTST) said Monday that it accepts a Health Canada non-compliance finding; this "sharp turn of events" prompted Bank of America Merrill Lynch to double downgrade the stock. The Analyst Christopher Carey downgraded CannTrust...

Canopy Growth Corp (NYSE: CGC) has parted ways with founder and co-CEO Bruce Linton and this marks an "end of an era," according to Bank of America. The Analyst Bank of America's Christopher Carey maintains a Buy rating on Canopy Growth with a $53 price target. Need more cannabis...

Canopy Growth Corp (NYSE: CGC) shares tanked Friday after the company’s fourth-quarter earnings report fell short of Wall Street expectations. Despite the mixed report, one analyst said Canopy is still a top cannabis play for the long-term. The Analyst Bank of America Merrill Lynch...

Canada's Canopy Growth Corp (NYSE: CGC) locked down its potential first-mover advantage in a wide-open U.S. cannabis market during a special shareholders meeting. On Wednesday, 99% of Canopy investors voted to approve the company’s conditional acquisition of U.S. cannabis dispenser...

Canadian cannabis company CannTrust Holdings Inc (NYSE: CTST) announced an expansion Wednesday to the U.S. — and in Bank of America Merrill Lynch's view, the company's international ambitions are "underappreciated" by investors. The Analyst Christopher Carey...

The energy drink space may have a lesson for the budding cannabis industry, Bank of America Merrill Lynch says. While there was all kinds of buzz around energy drinks when Red Bull came along in 1997, and several companies got in on the trend, a couple decades later the market has streamlined and...

Consumer packaged goods cannabis company Hexo Corp (NYSE: HEXO) reported Wednesday evening fiscal third-quarter results, which one analyst described as "OK" as the company continues to build out towards an inflection point. The Analyst Bank of America's Christopher Carey maintains a...

Canopy Growth Corp (NYSE: CGC) recently announced a deal to acquire U.S. cannabis company Acreage Holdings Inc (OTC: ACRGF) that is contingent on U.S. federal legalization of marijuana. On Friday, one analyst said Acreage will be a key part of Canopy’s long-term U.S. strategy. The Analyst...

Cannabis stocks have been hot in 2019, but Cronos Group Inc (NASDAQ: CRON) shares have lagged the past three months. One Wall Street analyst says expansion opportunities into the U.S. market will soon send Cronos shares to new highs. The Analyst Bank of America analyst Christopher Carey upgraded...

Aurora Cannabis Inc (NYSE: ACB) shares bounced back Wednesday after a mixed fiscal third-quarter earnings report. One Wall Street analyst said Aurora is making progress on its long-term goals, but the company may also be dropping the ball on some valuable opportunities. The Analyst Bank of America...

Scotts Miracle-Gro Co (NYSE: SMG) shares cooled off Thursday after a 6-percent jump Wednesday following a stellar second-quarter print. Notwithstanding the results, fueled by strong Roundup and cannabis supplies sales, Bank of America Merrill Lynch turned bearish on the stock. The Analyst...

The cannabis sector received one of its biggest votes of confidence yet from Wall Street on Wednesday when a top firm initiated coverage on four cannabis stocks. The Analyst Bank of America analyst Christopher Carey initiated coverage of the following stocks: Aurora Cannabis, Inc. (NYSE: ACB), Buy...

Scotts Miracle-Gro Co (NYSE: SMG)'s second-quarter report convinced Bank of America Merrill Lynch to switch from a bullish to a bearish stance on the lawn and garden company.  The Analyst BofA's Christopher Carey downgraded Scotts Miracle-Gro rating from Buy to Underperform with...