Alan Brochstein

Tilray Inc (NASDAQ: TLRY) shares are trading sharply higher potentially on a rebound following weakness in the sector. A DataTrek report suggested the negative impact from the coronavirus could accelerate legalization as states look for ways to recoup losses. The Canadian cannabis cultivator’...

The big news on Thursday is Morgan Stanley’s (NYSE: MS) deal to acquire E*Trade Financial Corp (NASDAQ: ETFC) for $13 billion, or $58.74 per share. This marks the second major acquisition on the retail brokerage industry in the last four months, to go along with Charles Schwab’s (NYSE:...

Despite the Columbus Day banking holiday, there was still a lot of news to cover on Monday's PreMarket Prep show. After the furious rally Friday, when a deal with China looked imminent, the market took the news that China wanted "more talks" in stride. At the start of the show, the S...

"420 Investor" Alan Brochstein has a simple message to CannTrust Holdings Inc (NYSE: CTC) CEO Peter Aceto: apologize for violating Health Canada rules and resign. What Happened CannTrust said in a press release Monday that it "accepted" a Health Canada finding that some of its...

Bruce Linton founded Canopy Growth Corp (NYSE: CGC) in 2013 and was the public face of the Canadian cannabis company until his resignation Wednesday. What Happened Canopy Growth announced Linton will step down as co-CEO and board member, effective immediately. The company's other co-CEO, Mark...

On Thursday at Benzinga's Cannabis Capital Conference in Toronto, the room buzzed over Canopy Growth Corp (NYSE: CGC) and its acquisition of Acreage Holdings Inc (OTC: ACRGF). During the morning’s keynote, Harvest Health and Recreation (OTC: HRVSF) CEO Steve White said, "Bruce [...

Alan Brochstein, author of "420 Investor" and founding partner of New Cannabis Ventures, appeared on Benzinga's PreMarket Prep show Friday morning and explained why he likes Alcanna Inc (OTC: LQSIF). What Happened Brochstein discussed why Alcanna, a Western Canada-based retailer of...

Investors in GW Pharmaceuticals PLC (NASDAQ: GWPH) may need to sit through some short-term volatility as sales of the company's newly approved drug ramp up slowly because of insurance coverage issues, says the author of The 420 Investor. Alan Brochstein, who is a founding partner of New...

On Thursday, yet another analyst joined the growing chorus saying marijuana stock valuations are getting overheated.  The Analyst Northland Capital Markets analyst Mike Grondahl downgraded Tilray Inc (NASDAQ: TLRY) from Outperform to Market Perform and removed its $60 price target. The Thesis...

Cannabis stocks were again smoking Wednesday after Cronos Group Inc (NASDAQ: CRON) announced a partnership with Ginkgo Bioworks before to produce cannabinoids at scale. Analysts are optimistic about the future for the marijuana industry, but even cannabis bulls are increasingly skeptical of market...

The month of August has been hard one for cannabis drug stocks. After Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) reported a pair of disappointing trial results in its Phase 2 STAR 1 and STOP trials, respectively, the company’s market cap went up in smoke to the tune of a more than 50 percent...

Being a one-trick pony can always prove risky. This rationale seems to have dawned on GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH), a biopharmaceutical company specializing in prescription cannabinoid medicine. Risk Mitigation Through Diversification The company announced Tuesday positive top...

Cannabinoid drug developer GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) is ending an eventful 2016 on a high note. Shares were surging higher by 6.6 percent on Monday following new drug data out over the weekend and a strong fiscal Q4 earnings report out Monday. Over the weekend, the company reported...

Marijuana gained some major momentum on Election Day, scoring ballot victories in California, Nevada, Massachusetts, Maine, Florida, North Dakota, Arkansas and Montana. Unfortunately, a federal ban on marijuana means that investing in marijuana stocks can be risky business. 5 Of The...

The surprise election of Donald Trump has gotten most of the election-related headlines following Tuesday’s vote. However, Tuesday was also a landmark day for the marijuana legalization movement. Marijuana scored medical and/or recreational victories in eight of the nine states that voted on...