Given the pullback in shares for cannabis companies this year, it's not easy to find stocks in the sector with apparent explosive growth ahead, but NewLake Capital Partners (OTC: NLCP), Cronos Group (NASDAQ: CRON) and Trulieve Cannabis (OTC: TCNNF) continue to show annual double-digit revenue growth. NewLake Capital is an emerging real estate investment trust (REIT) that specializes in leasebacks with cannabis companies short on capital; Trulieve is the biggest player right now in vertical integrated cannabis sellers; and Cronos is a smaller cannabis seller that is rapidly developing its cannabis brands. NewLake is still small but has big plans. Read More...
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. On Tuesday, the Dow industrials (DJIA) fell 193 points, or 0.62%, to 30,981, the S&P 500 (SPX) declined 0.9% to 3,819, and the Nasdaq Composite (COMP) dropped 0.9%, to 11,265. The S&P 500 has lost 83.82 points, or 2.1%, over the last three trading days.