The Motley Fool

SEPTEMBER 22, 2023

It has been almost five years since Canada first legalized marijuana for recreational use. Shares of Aurora were trading at around $7 -- before the reverse split If you look up Aurora's stock price on Sept. 4, 2018, some websites may say $81.60. Here's just how bad things have been since then.

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The Motley Fool

JANUARY 21, 2024

During the boom of the Canadian cannabis market after the country legalized recreational marijuana in late 2018, it built out a smorgasbord of product lines and brands while capturing as much market share as possible via cultivation facilities and retail outlets.

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The Motley Fool

DECEMBER 3, 2023

Even more disappointingly, the business has been at the forefront of management's corporate actions in recent years, with management buying M*Modal's health information services business for an enterprise value of $1 billion in 2018. It then bought wound care business Acelity for a consideration of $6.7 at the end of 2022.

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The Motley Fool

SEPTEMBER 10, 2024

With sports betting now legal in 38 states, it's easy to presume DraftKings ' (NASDAQ: DKNG) highest-growth era is in the past. More states are apt to legalize sports-based wagering, but that could take more time and effort than was needed to get the first 38 on board. Supreme Court lifted the federal ban on sports betting in 2018.

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The Motley Fool

JULY 18, 2024

A legalization domino effect could expand its total address market When the U.S. Supreme Court ruled in May 2018 that states could decide if and how to regulate sports betting, only five states had legalized it: Delaware, Nevada, New Jersey, Mississippi, and West Virginia. As of today, that number has jumped to 27.

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The Motley Fool

AUGUST 3, 2023

market upon federal legalization of cannabis. It also has a lot of potential in Europe, where cannabis legalization is spreading. Because of Aphria's presence in the European market before the merger, it is well positioned in Portugal and Germany. federal legalization. Furthermore, legalization in the U.S.

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The Motley Fool

JANUARY 9, 2024

Sports betting is picking up momentum among states In May 2018, the U.S. Supreme Court declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional, paving the way for states to have the power to choose whether they wanted to legalize and regulate sports betting. Legalization efforts seem to be gaining momentum.

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The Motley Fool

MARCH 22, 2024

Supreme Court lifted the federal ban on sports wagering back in 2018, DraftKings was already well-positioned to capitalize on the new opportunity. Since then, 38 states have legalized sports betting of one sort or another. billion last year, versus 2018's mere $226 million. And it's still not turning an annual profit.

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The Motley Fool

AUGUST 23, 2023

Marijuana investors have been discouraged the past two years due to the lack of progress toward federal legalization in the U.S. Meanwhile, the Canadian cannabis market, despite being fully legal, appears to be saturated, causing problems for the companies there. Oversupply and pricing pressure in the U.S.

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The Motley Fool

AUGUST 24, 2023

It also reported a 93% increase in earnings before interest, taxes, depreciation, and amortization ( EBITDA ) to $22 million in the quarter, marking the company's 17th consecutive quarter of positive adjusted EBITDA. federal legalization alone and has established roots in the European market. million in its fiscal Q4.

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The Motley Fool

AUGUST 8, 2024

Supreme Court opened the door for sports betting legalization to states in May 2018, and since then, the number of online sports betting (OSB) users has skyrocketed. The business is solid, and it's operating in a rapidly growing market, as the following chart shows.

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The Motley Fool

SEPTEMBER 19, 2023

Opera (NASDAQ: OPRA) has been a divisive investment since its IPO in 2018. The bulls will point out that it's boosting its average revenue per user (ARPU) by rolling out new search and advertising features, and that its stock looks reasonably valued at 19 times this year's adjusted earnings.

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The Motley Fool

AUGUST 8, 2023

legal cannabis market at $28.9 The company also increased its forecast to say it expects 2023 revenue to be at least $305 million, up 23%, and adjusted earnings before interest, taxes, depreciation and amortization ( EBITDA ) from continuing operations of $58 million, up 49%. Investment bank Cowen puts the U.S.

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The Motley Fool

SEPTEMBER 13, 2023

The company has achieved positive adjusted earnings before interest, taxes, depreciation and amortization ( EBITDA ) for three straight quarters. Cannabis legalization is sweeping over North America – 19 states plus Washington, D.C., And make no mistake – it is coming.

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The Motley Fool

JANUARY 18, 2024

Senate, and President Biden has done little to advance the legalization of marijuana in the world's most lucrative market for weed. Canada legalizing recreational weed for sale in October 2018 was expected to be a watershed moment for licensed producers. Unfortunately, meaningful reforms have continually fallen flat in the U.S.

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The Motley Fool

MARCH 1, 2025

had legalized sports betting in some form. Supreme Court allowed states to self-regulate sports betting in May 2018, they have slowly but surely begun legalizing and making billions from the industry. California and Texas -- the country's two most populous states -- have notably not legalized sports betting yet.

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The Motley Fool

NOVEMBER 2, 2024

The company says it expects Jackpocket's integration to contribute positive earnings before interest, taxes, depreciation, and amortization ( EBITDA ) in 2025. There are still many states that have yet to legalize sports betting When the U.S. Since June 2018, states have collected over $6.3

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