Owen Bennett

The past 12 months have been a wild ride for both investors and cannabis shareholders, as evidenced by big rallies as well as steep declines. Cannabis stocks substantially fell over the last year, with the U.S. Marijuana Index plunging 70% in 2022, according to BNN Bloomberg. Analysts and market...

Canopy Growth’s (NASDAQ: CGC) (TSE: WEED) recently-announced plan to conquer the US cannabis market via consolidation of its U.S. assets into a new holding company, Canopy USA is facing serious hurdles. According to the company’s new regulatory filing with...

Canopy Growth (NASDAQ: CGC) announced Tuesday that it is consolidating its U.S. assets into a new holding company to speed up its entry into the U.S. market in which it will hold non-voting/non-participating shares, solving several persistent issues. The...

What are the best cannabis stocks to invest in right now? Although we would all love to boast this knowledge, it is impossible to have an answer with 100% certainty. Fortunately for all pot stocks investors out there, there are professionals whose job is to analyze and make an assessment on this...

The merger between Tilray Inc (NASDAQ: TLRY) and Aphria was a “perfect match” and the entity could generate pro-forma sales growth of 33% between fiscal 2021 and 2024, according to Jefferies. The Tilray Analyst: Owen Bennett upgraded the rating for Tilray from Underperform to Buy, while...

The bullish case for cannabis company Tilray Inc (NASDAQ: TLRY) can no longer be justified after the company's third-quarter earnings report showed stalling momentum in international markets, according to Jefferies. The Tilray Analyst: Owen Bennett downgraded Tilray from Hold to Underperform...

Aurora Cannabis Inc (NYSE: ACB) shares plunged in the after-hours session Tuesday as the company announced plans for a $125 million public offering. What Happened: Aurora plans to price each unit of the fresh issue at $7.50, which will consist of one common share of the company and...

Cannabis stocks Tilray Inc. (NASDAQ: TLRY) and Aurora Cannabis Inc. (NYSE: ACB) traded lower on Monday amid a broad market sell-off. One Wall Street analyst upgraded the two stocks and said they may finally be priced at a level that accurately reflects their true value. The Analyst: On Monday,...

Some of the most high-profile cannabis analysts shared their insights in a thrilling discussion about trends, strategies and forecasts at the Virtual Benzinga Cannabis Capital Conference. Alan Brochstein, the founder of 420 Investor and New Cannabis Ventures, led the discussion. Cresco, Green Thumb...

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months. Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential.  The Analyst...

Cannabis company Aurora Cannabis Inc (NYSE: ACB) said Wednesday it struck a new relationship with Nelson Peltz. The activist investor will serve as a strategic advisor with the aim of helping the company expand globally and better address major cannabis market segments. What To Know Peltz is known...

Cannabis investors woke up to a negative sell-side take on Tilray Inc. (NASDAQ: TLRY) Friday, with Jefferies calling the Canadian company's valuation unjustified. The Analyst Jefferies analyst Owen Bennett initiated coverage of Tilray with an Underperform and $61 price target.  The...

More and more Wall Street analysts are weighing in on cannabis stocks in 2019, and Jefferies is the latest firm to take a bullish stance on the outlook for marijuana investors. The Analyst On Monday, Jefferies analyst Owen Bennett initiated coverage of nine cannabis stocks: Canopy Growth Corp (...

The U.S. Food and Drug Administration is holding its Center for Tobacco Products meeting this week, and it could be a very important week for tobacco investors. Height Securities analyst Stefanie Miller said Wednesday this week could mark the first steps in a decade-long transition in the tobacco...

Jefferies said in a note released on Monday that British American Tobacco PLC (ADR) (NYSE: BTI)'s acquisition of Reynolds American, Inc. (NYSE: RAI) makes the former its preferred global tobacco play. British American Tobacco To Re-Rate After Deal The note was written ahead of the deal...