aphria
Andrew DeFrancesco left the company abruptly in April. DeFrancesco bought the shares as part of the founder’s settlement agreement he reached in April after abruptly stepping down as CEO and director. Q2 2022 hedge fund letters, conferences and more DeFrancesco received a $24 million severance package payable over six years at $1 million per quarter. He will consult for Sol through October. “I am incredibly proud of what we have built at SOL Global and what my team has achieved since I founded the company. I am excited about our next phase of growth as the company continues to incubate and fos...
ValueWalk
Cannabis stocks are rallying today, driven by little news. Tilray popped 14% after opening bell this morning, while Aphria was up 10%. Canopy Growth rose by about 5%, while Cronos gained 4%, and Aurora Cannabis gained more than 7%. Q4 2020 hedge fund letters, conferences and more Cannabis stocks rally with little newsThe rally in cannabis stocks continued for a second day after Virginia lawmakers voted to legalize recreational marijuana over the weekend, sending a few related bills to the governor's desk. Gov. Ralph Northam hasn't signed the legislation yet, but he is expected to do so soon. T...
ValueWalk
Tilray stock started plunging after the markets opened this morning, reversing a massive rally that began earlier this week and continued in the premarket hours this morning. Users of the Reddit forum WallStreetBets turned their attention to Tilray and other pot stocks this week after abandoning GameStop and several different stocks. Tilray, other pot stocks soarTilray wasn’t the only cannabis stock to skyrocket earlier this week. While Tilray was up 50% on Wednesday and 140% in the first three days of the week, Canopy Growth, Aphria and Aurora Cannabis also surged. The shares reversed course ...
ValueWalk
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