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Billion Dollar Cannabis Firm Buys A Brewery? Four Actually, In Canada's Backyard
Wednesday, August 14, 2024 - 8:27am | 547Tilray Brands, Inc. (NASDAQ:TLRY) bought four craft breweries from Molson Coors Beverage Company. The breweries included in this deal are Hop Valley Brewing Company, Terrapin Beer Co., Revolver Brewing, and Atwater Brewery. This expansion helps Tilray grow its reach into important U.S. regions...
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Cannabis Industry's Capital Crunch: Why It Needs More Funds Than Other Industries, Will Fed Legalization Change This?
Tuesday, August 29, 2023 - 3:46pm | 1207Recent research conducted by Viridian Capital Advisors reveals that the cannabis sector requires more capital as compared to other similar industries. The findings offer a unique perspective into the challenges the cannabis industry faces, especially considering the potential for federal...
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The Past Week's Notable Insider Buys: Biotech IPOs, Curiositystream, Greenbrier And More
Saturday, February 13, 2021 - 1:54pm | 959Insider buying can be an encouraging signal for potential investors, especially when markets face uncertainty. Some insiders have taken advantage of recent biotech initial public offerings. Some chief executives also stepped up to the buy window this past week. Conventional wisdom says that...
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Investors Aren't Impressed With Molson Coors Guidance, $2.45 Billion Offering Announcement
Wednesday, January 27, 2016 - 10:44am | 282Shares of Molson Coors Brewing Company (NYSE: TAP) were trading lower by more than 3 percent shortly after Wednesday's market after the company provided preliminary fourth quarter results and also announced a $2.35 billion public offering. Molson Coors expects to earn $0.46 to $0.52 per...
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Barron's Recap: Investing Like A Tech Tycoon
Sunday, September 28, 2014 - 11:32am | 887This weekend in Barron's online: finding Silicon Valley riches, the prospects for JetBlue, Molson Coors, Beacon Roofing Supply, as well as the new and improved Penta quarterly. Cover Story "Invest Like a Tech Tycoon" by Alexander Eule. Silicon Valley moguls are investing smarter, with help from...
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Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Tuesday, August 19, 2014 - 4:35pm | 2619U.S. stocks rose as geopolitical events took a back seat and investors found positives in housing and consumer price index data released Tuesday. The markets followed the lead of Apple which closed at an all-time split-adjusted high of $100.53. Earnings from Home Depot and TJX Companies also...
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5 Big Beer Companies That Could Own The Craft Beer Movement
Tuesday, August 19, 2014 - 6:52am | 931The Brewers Association defines American craft brewers as "small, independent and traditional." The popularity of craft beers, however, is anything but small. In fact it has skyrocketed in the past few years. According to trade industry publication Beer Marketer's Insights, the...
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Markets Gather Some Momentum As Volume Remains Light, Geopolitical Tension Improving
Thursday, August 14, 2014 - 4:37pm | 2822U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...
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3 Top-Performing Consumer Goods Dividend Payers With The Most Upside Potential
Friday, June 20, 2014 - 10:45am | 868Among the top-performing consumer goods stocks over the past six months that pay dividends, analysts believe that Allison Transmission (NYSE: ALSN), Foot Locker (NYSE: FL) and Pinnacle Foods (NYSE: PF) still have some room to run, despite rising more than 15 percent. It is not unusual for stocks on...
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Market Wrap For June 10: Stocks Showed Little Change On Light Volume
Tuesday, June 10, 2014 - 4:41pm | 2151U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume. The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday. With little economic or market moving catalysts due in the...
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Barron's Recap: Beware Falling Profit Estimates
Saturday, August 17, 2013 - 2:03pm | 959This weekend in Barron's online: how to dodge the earnings downdraft, who replaces China as the world's low-cost producer, the prospects for International Speedway, Live Nation Entertainment and Grupo Televisa. Cover Story "Beware Falling Profit Estimates" by Jack Hough. U.S. companies...
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This Map Shows Just How Much Your State Taxes the Beer You Drink
Monday, May 13, 2013 - 3:21pm | 116The Tax Foundation rolled out a new map last week looking at state excise tax rates on beer. High tax rates are more likely to affect major brewers like Anheuser-Busch (NYSE: BUD) and Molson Coors (NYSE: TAP) than craft brewers, whose already higher prices have drawn in a faithful who are willing...
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Molson Coors and Other UBS Beer Stock Picks
Thursday, May 2, 2013 - 12:55pm | 824Recent research by analysts at UBS shows that wholesalers of alcoholic beverages are positive about the prospects for volume growth of their products. Sales of alcoholic beverages continue to be strong both domestically and overseas. Three beer brewers made the UBS list of stock picks Anheuser-...
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Earnings Expectations for the Week of February 11
Sunday, February 10, 2013 - 6:48pm | 874Quarterly reports from General Motors (NYSE: GM) and Deere (NYSE: DE) will be among the highlights on the earnings front this week. The consensus forecast for the former calls for fourth-quarter earnings per share (EPS) to be more than 23 percent higher than a year ago to $0.51 per share. The...
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Anheuser-Busch InBev Already Owns Hundreds of Beers. Why Not a Few More?
Friday, February 1, 2013 - 8:27am | 547Anheuser-Busch InBev (NYSE: BUD) was hoping to score a buyout of the half of Grupo Modelo it didn’t already own but the U.S. Justice Department filed a lawsuit seeking to stop the $20.1 billion deal, saying it would lessen competition in the U.S. beer market. The Associated Press reported all...