#$tcnnf

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March 29 analyst upgrades and downgrades you should know about

March 29 analyst upgrades and downgrades to keep an eye on include The Real Real (REAL), Pinterest (PINS), NortonLifeLock (NLOK), Trulieve Cannabis (TCNNF) & Tenet Health (THC).

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Who Will Lead the Hemp-related Space in 2020? (TCNNF, ACB, TMGI, CRLBF)

The time is coming when the cannabis and hemp stocks are back in gear. That means it’s time for investors to start making a shopping list based on what’s likely to work best in the space around the next corner. With that in mind, we present our shopping list drawn from relative strength, breadth of resources, top talent, and recent catalysts: Trulieve Cannabis Corp (OTCMKTS:TCNNF), Aurora Cannabis Inc (NYSE:ACB), Marquie Group Inc (OTCMKTS:TMGI), and Cresco Labs Inc (OTCMKTS:CRLBF).     Trulieve Cannabis Corp (OTCMKTS:TCNNF) is a clear relative strength leader that continues to expand its footprint. The company recently announced that it opened the doors of its latest Florida location on Tuesday, November 26th, in Lakeland. The Central Florida location is a milestone for Florida's largest operator as Trulieve becomes the first operator in Florida to reach 40 locations. "Trulieve has come a long way over the past three years – from closing out 2016 with only two stores to celebrating our record-breaking 40th store in Florida with even more to come in 2019 — and 2020 – as we continue to strategically plan for the future," said Trulieve CEO Kim Rivers. "As the patient registry continues to grow and Florida's residents continue to seek alternative, natural relief, we will continue our mission to expand access to the natural, effective, and safe medications they have come to rely on." Trulieve Cannabis Corp (OTCMKTS:TCNNF) promulgates itself as a company that, through its subsidiary, Trulieve, Inc., engages in the cultivation, possession, distribution, and sale of medical cannabis in the United States. It offers a suite of Trulieve branded products with approximately 125 SKUs, including nasal sprays, capsules, concentrates, syringes, and cannabis flower in tamper-proof containers for vaporizers, topical creams, tinctures, and vape cartridges. The company distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as takes orders online and by phone for delivery. As of November 20, 2018, the company operated 21 dispensaries. Trulieve Cannabis Corp. is headquartered in Quincy, Florida. According to company materials, “Trulieve is a vertically integrated "seed to sale" company and is the first and largest fully licensed medical cannabis company in the State of Florida. Trulieve cultivates and produces all of its products in-house and distributes those products to Trulieve branded stores (dispensaries) throughout the State of Florida, as well as directly to patients via home delivery. Trulieve is listed on the Canadian Securities Exchange under the symbol TRUL.” Even in light of this news, TCNNF has had a rough past week of trading action, with shares sinking something like -9% in that time. That said, chart support is nearby and we may be in the process of constructing a nice setup for some movement back the other way. Shares of the stock have powered higher over the past month, rallying roughly 14% in that time on strong overall action. Trulieve Cannabis Corp (OTCMKTS:TCNNF) generated sales of $93.4M, according to information released in the company's most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 20.5% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($41.1M against $64.9M, respectively).     Aurora Cannabis Inc (NYSE:ACB) is a member of the so-called “old guard” of the cannabis space, with a huge footprint, but a continuing bent toward innovation in the space, and the resources to keep the company out in front of the pack as the next leg gets underway. To that end, the company just announced that one of the Company's oil products has now been approved for use under Ireland's new Medical Cannabis Access Programme (MCAP). According to the release, Aurora's High CBD Oil Drops received approval from the Irish authorities and have now been added to a regulatory schedule by the Irish Minister of Health enabling importation, prescribing and supply under the scheme and is to date, one of only two products to gain such authorization. Dr Shane Morris , Chief Product Officer at Aurora said, "Aurora is pleased to be able to assist patients who are seeking treatment with high quality EU-GMP (good manufacturing practice) certified pharmaceutical-grade medical cannabis in Ireland.   We are very proud to be one of the first approved suppliers of medical cannabis under the MCAP.  We want to acknowledge the efforts made by many people, especially the patients and doctors who have campaigned for access to these medicines.  We look forward to more of Aurora's high-quality medicines being approved, so that more patients can benefit from the MCAP in Ireland.  We will continue to work closely with all parties and state agencies to facilitate further availability." Aurora Cannabis Inc (NYSE:ACB) is one of the most widely diversified players in the cannabis space due to its powerful strategic investments. However, just drilling down into its core cannabis production operations, Aurora Cannabis Enterprises Inc, trumpets itself as “one of the world’s largest and leading cannabis companies” and a licensed producer of medical cannabis pursuant to ACMPR. We would expect expansion on the way given the inflow of investment capital. But, at present, the Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as Aurora Mountain, is currently constructing a second 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, and has acquired, and is undertaking completion of a third 40,000 square foot production facility in Pointe-Claire, Quebec, on Montreal’s West Island. It will be interesting to see if the stock can break out of its recent sideways action. Over the past week, the stock is net flat, and looking for something new to spark things. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -31%. Aurora Cannabis Inc (NYSE:ACB) managed to rope in revenues totaling $75.2M in overall sales during the company's most recently reported quarterly financial data -- a figure that represents a rate of top line growth of 153.6%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($236.9M against $464.6M, respectively).     Marquie Group Inc (OTCMKTS:TMGI) is a clear emerging leadership play in the CBD space, so it deserves acknowledgement here in this group. While the stock hasn’t yet started to gain traction with traders, the company boasts top talent in the health and beauty space coming together with the concept of the huge growth anticipated in CBD. Much of that promise springs from its leader, Jacquie Carter Angell, who has established an internationally recognized personal brand as a beauty expert, appearing in television, radio, magazine, newspaper and media events around the world. According to the company, during that time, she has partnered with celebrities, Olympic athletes, doctors, nutritionists and Nobel Prize laureates in brand-building and marketing health and beauty products to women in more than 90 countries. “The CBD market has grown exponentially, evolving from the virtually unknown, to a marketplace where consumer perception and expectations are on the rise. A lesser-known fact is that the largest consumer for CBD products is women between 35-49 years of age,” commented Jacquie Carter Angell, President of The Marquie Group. “We have predicated the majority of the packaging, branding, marketing, and digital identity around this fact in a manner that positions Whim with far less direct niche-level competition than other CBD product brands.” Marquie Group Inc (OTCMKTS:TMGI) bills itself as company led by former Director of Worldwide Training and Education for Herbalife Nutrition, Jacquie Carter Angell. It is a direct-to-consumer health and beauty products platform with a pipeline of innovative solutions to pervasive wellness concerns: anxiety, anti-aging, low energy, sleeplessness, and stress that use advanced formulations of plant-based, amino-acids and CBD alternatives to chemical ingredients. All products will feature unique formulations of top-quality ingredients meant to impart skin health that comes from improved amino-acid balance and CBD nutrition. The Marquie Group owns and operates two businesses: Music of Your Life, Inc, the nation's longest-running, nationally syndicated music radio network broadcast nationwide and internationally to a worldwide audience on the Internet, and Global Nutrition Experience, Inc. (GNX), an intellectual property licensing and development corporation. Products planned for a 2020 launch include facial skin care serums, a powerful amino acid infused collagen drink and custom blended CBD tinctures each with their own potent puree of nature’s finest fruits, flowers and herbs. Each one is uniquely developed to provide optimal sleep and relaxation, mental focus and clarity or beauty and antioxidant benefits via an array of plant- based ingredients formulated to enhance one's Inner Health and Outer Beauty.     Cresco Labs Inc (OTCMKTS:CRLBF) is suddenly back on the radar as a deep value slash growth play in the cannabis patch following the stock’s dramatic turnaround in December. To add some further color to the story, the company just announced that it has completed its first harvest from its expanded cultivation facility in Lincoln, IL. According to the release, “With the recent growth of the state’s medical market and adult-use legalization going live on January 1st, Cresco has been scaling operations to be able to accommodate what is expected to be one of the largest cannabis markets in the country. As the only operator in Illinois with three (3) cultivation facilities, Cresco has a unique competitive advantage and is positioned to build on its already market-leading position.” CRESCO LABS ORD (OTCMKTS:CRLBF) trumpets itself as a company that manufactures and sells medical cannabis products in the United States. It offers cannabis dry flower; vaporizer forms of cannabis; cannabis oil in capsule, oral and sublingual solutions; cannabis in topical; and other cannabis products. The company also provides cannabis infused edibles, including chocolate and toffee confections, fruit-forward gummies, and hard sweet and chews. Cresco Labs Inc. sells its products under the Cresco brand. In addition, it operators a Hope Heal Health dispensary in Fall River, Bristol County, Massachusetts. The company was formerly known as Cresco Labs, LLC and changed its name to Cresco Labs Inc. in November 2018. Cresco Labs Inc. is headquartered in Chicago, Illinois. According to the release, “Cresco Labs, based in Chicago, is a leading U.S. cannabis company with experienced management, access to capital and a demonstrated growth strategy. As a differentiated grower, processor and retailer of premium cannabis operating in ten states, the company focuses on entering highly regulated markets with outsized demand potential and high barriers to entry. Its impressive speed-to-market gives Cresco a distinct competitive advantage as it replicates its model to expand its national footprint. Cresco’s proven ability to execute is complemented by a cutting-edge brand strategy spearheaded by several of the brightest minds in consumer marketing in the nation. Cresco’s products are tailored to all major consumer segments: everyday cannabis, medicinally focused, connoisseur grade, and chef inspired edibles by James Beard Award-winning pastry chef Mindy Segal. Learn more about Cresco Labs at crescolabs.com.” The stock has been acting very well over recent days, up something like 32% in that time. Cresco Labs Inc (OTCMKTS:CRLBF) pulled in sales of $47.8M in its last reported quarterly financials, representing top line growth of 19.6%. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($108.2M against $60.6M). Read the full article

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Future Stars in the Cannabis Stocks Space (GRWG, CURLF, SGMD, TCNNF, ACB, CGC, TLRY)

As the Cannabis space continues to mature, we find ourselves with an “old guard” and a crop of young upstarts racing to steal the torch of leadership away. Given the sharp underperformance of the old guard in recent months, one wonders if the big money in the space has already started to shift its focus. There are valuation and strategy issues to think about as we size this dynamic up for analysis. First off, we know who the old guard is at this point. We’re talking about the likes of Canopy Growth Corp (NYSE:CGC), Aurora Cannabis Inc (NYSE:ACB), and Tilray Inc (NASDAQ:TLRY), among others. Together, these stocks have been dreadful performers in 2019, and valuations are still not exactly enticing. Margin pressure has been the name of the game. That’s why we are starting to look at what we are referring to as: “The Future Stars of the Cannabis Investment Theme”. After all, the notion of overall cannabis industry growth is still completely intact. It’s just a shift in where capital productivity lies. Today, we will look at four interesting prospects: GrowGeneration Corp. (NASDAQ:GRWG), Curaleaf Holdings Inc (OTCMKTS:CURLF), Sugarmade, Inc. (OTCQB:SGMD), and Trulieve Cannabis Corp (OTCMKTS:TCNNF).   GrowGeneration Corp (OTCMKTS:GRWG) is an up-and-comer that is defined by its pick-and-shovel angle on this theme. The company is seeing accelerating growth just as the cultivators are seeing tightening margins. This is a hydroponics player, so it’s able to capitalize the growth in demand and supply. The company just announced that its common shares have been approved for listing on the Nasdaq Capital Market. GrowGeneration Corp. common shares will begin trading on NASDAQ on December 2, 2019 under the trading ticker symbol "GRWG." "This up-listing to NASDAQ is a major corporate milestone and reflects the financial performance of our Company. As the premier hydroponic supplier in the country, we continue to focus on expanding the number of garden centers, increasing our commercial portfolio of customers, focusing on the cutting-edge products, while expanding revenue and EBITDA. We believe our NASDAQ listing will increase long-term shareholder value by improving awareness, liquidity, and appeal to institutional investors" said Darren Lampert, CEO of GrowGeneration Corp. GrowGeneration Corp (OTCMKTS:GRWG) trumpets itself as a company that owns and operates retail hydroponic and organic gardening stores in the United States. It offers horticultural, organics, and lighting and hydroponics products, including lighting fixtures, nutrients, seeds and growing media, systems, trays, fans, filters, humidifiers and dehumidifiers, timers, instruments, water pumps, irrigation supplies, and hand tools. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of September 10, 2019, it operated 25 stores, including 5 locations in Colorado, 4 locations in California, 2 locations in Nevada, 1 location in Washington, 4 locations in Michigan, 1 location in Rhode Island, 4 locations in Oklahoma, 1 in New Hampshire, and 3 locations in Maine. GrowGen also operates an online superstore for cultivators, located at HeavyGardens.com. GrowGen carries and sells thousands of products, including organic nutrients and soils, advanced lighting technology and state of the art hydroponic equipment to be used indoors and outdoors by commercial and home growers. According to company materials, “Our mission is to own and operate GrowGeneration branded stores in all the major states in the U.S. and Canada. Management estimates that roughly 1,000 hydroponic stores are in operation in the U.S. By 2020 the market is estimated to reach over $23 billion with a compound annual growth.” The stock has been acting well over recent days, up something like 12% in that time. Shares of the stock have powered higher over the past month, rallying roughly 7% in that time on strong overall action. GrowGeneration Corp (OTCMKTS:GRWG) managed to rope in revenues totaling $21.8M in overall sales during the company's most recently reported quarterly financial data -- a figure that represents a rate of top line growth of 159.1%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($16M against $9.5M).   Curaleaf Holdings Inc (OTCMKTS:CURLF) is increasingly well-known, but continues to have a feel of an “under the radar” name compared to the Old Guard players in the space, despite existing on a scale that actually supersedes some of the more recognizable names – ie, it may surprise you to know that CURLF surpassed TLRY in sales last quarter by over 25%! As a result, CURLF shares are in a very select group being one of just a handful of pot stocks to actually post gains in 2019 – a year that has featured devastating losses for most stocks in the space. Overall, the company roped in revenues of $64.9M during its most recently reported quarterly financial data. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($140.3M against $64.1M). To continue its strong momentum, CURLF recently announced it will launch its custom-designed Veterans Cannabis Project pre-roll product in Florida today. According to the release, a portion of all proceeds will benefit the Veterans Cannabis Project (VCP), an organization that advocates for legal and supported access of medical cannabis for veterans through the Department of Veterans Affairs. In Florida the boxes will be available for $26, and each box contains five 0.4 oz pre-rolls for a total of 2 grams per box. "We are proud to launch the Veterans Cannabis Project initiative in Florida to provide additional support and education for veterans in the communities we serve," said Pablo Arizmendi-Kalb, President of Curaleaf Florida. "Through this partnership with the Veterans Cannabis Project, we hope to increase awareness for veteran access to medical cannabis." Curaleaf Holdings Inc (OTCMKTS:CURLF) operates a large number of dispensaries, 12 cultivation sites and 9 processing sites with a focus on highly populated, limited license states, including Florida, Massachusetts, New Jersey and New York. Curaleaf, Inc. leverages its extensive research and development capabilities to distribute cannabis products in multiple formats with the highest standard for safety, effectiveness, consistent quality and customer care. Curaleaf is committed to being the industry's leading resource in education and advancement through research and advocacy.   Sugarmade Inc (OTCMKTS:SGMD) is another example – like GRWG above – of a company positioned to actually benefit from the inevitable margin pinch that has been punishing the “old guard” cannabis cultivators, like Canopy Growth Corp (NYSE:CGC), Aurora Cannabis Inc (NYSE:ACB), and Tilray Inc (NASDAQ:TLRY). As those companies suffer from droves of other growers popping up everywhere to capitalize on expanding legality and demand, a handful of ancillary players, like Sugarmade, are laughing all the way to the bank. As described above, the key point here is that all the producers will need to find strategies to increase efficiency to stay in business as margins tighten. One of the most obvious solutions to that pinch is hydroponics. And Sugarmade is emerging as one of the biggest and fastest-growing hydroponics suppliers in North America, helped by an aggressive M&A roll-up strategy that has already started to pay big dividends. The latest from the company is that it is gearing up to follow GRWG up onto the Nasdaq exchange. “The approval of GrowGen shares for the move up onto the Nasdaq market is a great sign for Sugarmade as we prepare to make a similar move,” commented Jimmy Chan, CEO of Sugarmade. “It’s a positive signal about the hydroponics market and about our overall strategy. It’s time for institutional investors to get heavily involved in the pick-and-shovel ancillary markets surrounding the hemp and hemp-related boom. GrowGen has done a great job, and we are hot on their tail right now, and plan to surpass them in the race to number one in the hydroponics space.” According to this morning’s release, GRWG’s good news is really good news for SGMD as well, given that the two companies are basically twins in terms of revenues, market focus, and scale of operations. SGMD has already booked over $26 million in revenues on a year-to-date basis, and anticipates this number to swell to $32 million on sequential strengthening in gross margins and sales into year end. The company also noted that it is in the process of another major M&A transaction that will significantly further boost overall forward financial projections for 2020. Based on the huge gains seen in GRWG shares as investors see the value of that uplist, the smart money may be quick to line up similar bets in SGMD.   Trulieve Cannabis Corp (OTCMKTS:TCNNF) is in a very select group among cannabis stocks. Like CURLF, Trulieve is actually up this year. And there are just a handful of pot stocks that can claim as much. At this point, you can count the number of cannabis stocks that are positive in 2019 on the fingers of one hand because, as noted above, margins in the space have tightened powerfully, and only a few have managed to adapt and roll with the punches. Helping to foster that successful narrative, the company just announced that it is set to open the doors of its latest Florida location on Tuesday, November 26th, in Lakeland. According to the release, “the Central Florida location is a milestone for Florida's largest operator as Trulieve becomes the first operator in Florida to reach 40 locations. Presently, Trulieve operates 39 other dispensaries throughout the State of Florida, including in the nearby communities of Tampa, Orlando, and Wesley Chapel. The storefront, located on North Florida Avenue in North Lakeland, is part of the company's mission to expand and ensure safe, reliable patient access statewide.” Trulieve Cannabis Corp (OTCMKTS:TCNNF) promulgates itself as a company that engages in the cultivation, possession, distribution, and sale of medical cannabis in the United States. It offers a suite of Trulieve branded products with approximately 125 SKUs, including nasal sprays, capsules, concentrates, syringes, and cannabis flower in tamper-proof containers for vaporizers, topical creams, tinctures, and vape cartridges. The company distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as takes orders online and by phone for delivery. As of November 20, 2018, the company operated 21 dispensaries. "Trulieve has come a long way over the past three years – from closing out 2016 with only two stores to celebrating our record-breaking 40th store in Florida with even more to come in 2019 — and 2020 – as we continue to strategically plan for the future," said Trulieve CEO Kim Rivers. "As the patient registry continues to grow and Florida's residents continue to seek alternative, natural relief, we will continue our mission to expand access to the natural, effective, and safe medications they have come to rely on." And the stock has been acting well over recent days, up something like 6% in that time. Trulieve Cannabis Corp (OTCMKTS:TCNNF) generated sales of $93.4M, according to information released in the company's most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 20.5% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($41.1M against $64.9M, respectively). Read the full article