Ex-CEO of Bumble Bee Foods convicted in tuna price-fixing conspiracy

SAN FRANCISCO — The former CEO of Bumble Bee Foods was convicted Tuesday for his part in a canned tuna price-fixing conspiracy involving the industry’s top three companies, federal prosecutors said. A jury in San Francisco found Christopher Lischewski guilty after a four-week trial, the U.S. Department of Justice said in a release. He had pleaded not guilty. Prosecutors said […]

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Cannabis stocks rocked as FDA warning undermines case for CBD investments

Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it can cause liver injury and other damage to the human body. The warning is the latest blow to the embattled sector where many companies have developed strategies and plans for the cannabis ingredient, which […]

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Premier Protein maker BellRing’s stock rallies toward fresh highs after bullish analyst calls

Shares of Premier Protein-branded snacks maker BellRing Brands Inc. BRBR, +3.59% surged 3.7% toward fresh highs in morning trading Monday, after a host of Wall Street analysts started coverage of the recent IPO will bullish ratings. Of the 8 analysts surveyed by FactSet, 7 set ratings at the equivalent of buy and 1 had a rating of the equivalent hold. […]

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Dunkin’ and Starbucks are in a race to make the fastest espresso

Dunkin Brands Group Inc. and Starbucks Corp. are racing to make the fastest coffee in the market. Dunkin’ DNKN, -2.57%  chief Executive David Hoffmann talked up the 40% third-quarter sales growth in its espresso drinks, with the new Signature Latte line leading the way. Moreover, he said, they’re still making a quick cup. “And most importantly, we’ve maintained our operational […]

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Beyond Meat stock falls despite earnings that show first profit in company history

Beyond Meat Inc. shares fell in after-hours trading Monday despite an earnings report that showed the company’s first quarterly profit in history. The meat-substitute company reported a third-quarter profit of $4.1 million, or 6 cents a share, on sales of $92 million, up from a loss of $9.3 million on revenue of $26.3 million in the same quarter a year […]

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Aurora Cannabis stock price target cut by MKM as pot price weakens and black market thrives

MKM Partners analyst Bill Kirk cut his stock price target on Aurora Cannabis Inc. on Monday to C$3.50 ($2.65) from C$5.00, and said there is still some optimism in the stock "to shake and trim." Kirk cited three reasons for the move, namely a softening of pricing, a widening gap between legal and black market prices and fewer-than-expected new store […]

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Hexo stock dives after downgrade, dragging cannabis sector lower

Hexo Corp. shares took another bath on Monday, after Seaport Global downgraded the stock along with market leader Canopy Growth, in a note that advises investors to switch out of Canadian cannabis stocks and into U.S. multistate operators. Hexo stock HEXO, -5.14%HEXO, -10.90% fell 5.5% in light volume on the Columbus Day holiday, bringing its one-month losses to 44%. The stock […]

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Beyond Meat stock bulls got what they wanted, and bears could get slaughtered

One of Wall Street’s biggest concerns about Beyond Meat Inc.’s stock is that current valuations limit potential gains, but the odds are now ‘very high’ that problem will be fixed soon, ironically, by the bears. Beyond Meat investors got what they were waiting for Thursday, as McDonald’s Corp. said it will begin testing in Canada a burger with a Beyond […]

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Vape sales are falling on fears about the outbreak of vaping-related lung illness

The vaping-related lung disease that has infected more than 530 Americans and caused eight deaths is hurting sales of vapes, which have been on an upsurge as more states legalize cannabis for medical or recreational use. Research from Jane Technologies Inc. analyzing dispensary sales data found the market share for vapes was down 15% in the first week of September […]

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