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Top Marijuana Penny Stocks In The Stock Market In May


Cannabis Stocks In 2021
As marijuana stocks close the second week in May most leading cannabis stocks to invest in are showing some upside in the market. After the first-quarter rally in February top pot stocks have lost substantial value in the market. On the other hand, most cannabis companies continue delivering strong revenue gains and record earnings that should not be overlooked by investors. In the US the cannabis industry continues to show bullish potential in 2021.
In April cannabis sales in Michigan increased by 149% to $153.8 million. Additionally, the top companies in the US have given some rather significant increases in revenue guidance for 2021. For the most part, this is currently being delivered by some of the top marijuana stocks to buy in their first-quarter results. It goes without saying the cannabis market has substantial growth potential for the next five years. But at the moment the cannabis sector seems to need a kick start from the US federal gove ....

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Sundial to buy Inner Spirit in $131M deal as pot shop M&A heats up - Article


Sundial Growers Inc. is buying Inner Spirit Holdings Ltd., Canada s biggest chain of licensed legal cannabis stores, in a cash-and-stock deal valued at $131 million, the companies said Wednesday.
The deal is just the latest move in the Canadian cannabis retail space as more companies look to consolidate the highly competitive and fragmented market. There are over 1,600 licensed legal cannabis stores across Canada, with analysts expecting that figure to climb above 2,000 by the end of the year. 
Sundial will pay $0.30 in cash and 0.0835 of its common shares for each share of Inner Spirit, which controls a network of 86 legal pot stores across Canada under the Spiritleaf brand. The purchase price - valued at approximately $0.39 for each Inner Spirit share - represents a 62.5 per cent premium to the retailer s Tuesday closing price.  ....

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Nadia Vattovaz


Fire & Flower Holdings Corp. (TSX:FAF) (OTCQX: FFLWF), a tech-oriented cannabis retailer, saw a 150% year-over-year revenue growth, reaching CA$128.1 million ($103.2 million) in 2021 at a gross profit of 35.5%.
Its fourth-quarter revenue amounted to CA$43.2 million at a gross profit of 38%.. Read More.
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