Aurora Cannabis now has a $1 price target from one analyst

Aurora Cannabis Inc. stock is set to go to $1, according to an analyst. In a note to clients late Thursday, Piper Sandler analyst Michael Lavery downgraded the cannabis producer to the equivalent of a sell and issued a $1 target price, down from $3. Lavery cited risks related to the balance sheet and weak European Union sales as significant […]

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Weed stocks rally on last day of a brutal year

After a brutal year for cannabis investors, weed stocks on Tuesday were rebounding in the final trading session of 2019. Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.7%, the ETFMG Alternative Harvest ETF MJ, +5.61% rose 5.3% and the Cannabis ETF THCX, +5.93% rose 5.7% — reflecting […]

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Beyond Meat might not be the only plant-based burger McDonald’s uses if it launches in the U.S.

If McDonald’s Corp. decides to add the P.L.T. to its menu in the U.S., there a good chance Beyond Meat Inc. won’t be the only plant-based burger provider the quick-service giant partners with, UBS said Tuesday. McDonald’s MCD, +0.13%announced in September that it was testing the P.L.T., or plant, lettuce and tomato, in Ontario, Canada. Analysts question whether the test […]

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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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‘Meatless meat’ defenders sue Mississippi for violating free-speech

ACKSON, Miss. (AP) — A federal lawsuit says Mississippi is violating free-speech rights by banning makers of plant-based foods from using terms such as “meatless meatballs” and “vegan bacon.” The lawsuit against Mississippi Republican Gov. Phil Bryant and the state’s Republican agriculture commissioner, Andy Gipson, was filed Monday by the Plant Based Foods Association and the Illinois-based Upton’s Naturals Co. […]

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