Owen Bennett

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,...

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 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...

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...

British American Tobacco PLC (ADR) (NYSE: BTI)'s pursuit of acquiring the remaining 58 percent of Reynolds American, Inc. (NYSE: RAI) it doesn't already own remains ongoing. The pursuit began prior to the U.S. election, but President-elect Donald Trump's win has major implications for the deal....

After a 2012 attempt went up in smoke, California finally got around to vote for a measure that could curb smoking and tobacco consumption. Voters in the state supported a $2 tax on each pack of cigarettes, other tobacco products and e-cigarettes. This would bring up the taxes on a pack of...

While expressing optimism regarding the US tobacco sector, Jefferies’ Owen Bennett said in a report that the combined sector 12-month TSR is estimated at over 20 percent. He added that this could be the beginning of “a new era,” since industry value drivers were “...