Canopy Growth (NASDAQ: CGC) has been following a pretty strident strategy of restructuring the company as it keeps cutting assets and unwinding deals made by former CEO Bruce Linton. The latest casualty this week was a deal with Aubrey “Drake” Graham to launch More Life Growth company. Drake originally made the deal in November 2019 with Linton. Under the agreement, Canopy sold 100%…
Marijuana stocks are growing again Monday — with a little help from 22nd Century Group (NYSEMKT: XXII). In a pair of press releases, 22nd Century first announced that it is selling 10 million shares of stock to an institutional investor at $4 a share, in order to raise $40 million “to support the Company’s strategic objectives across all of its…
On a bright day for the stock market in general — the S&P 500 is up a solid 1.5% — marijuana stocks are wilting today. As of 2:35 p.m. EDT, three of the best-known names in the sector, Hexo (NYSE: HEXO), Canopy Growth (NASDAQ: CGC), and Aurora Cannabis (NYSE: ACB), are down 3.1%, 3.6%, and 5.3%, respectively. If there’s any…
There’s little good news to report in the marijuana industry today, as shares of Charlotte’s Web Holdings (OTC: CWBHF) plunged 9.2% as of 12:20 p.m. EDT, and shares of Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NYSE: ACB) follow them down 2.3% and 2.6%, respectively. Street analysts were also looking for a loss of $0.05 per diluted share for the quarter,…
Friday began on a high note for marijuana stocks, as investment bank Jefferies announced it was turning around its opinion of Tilray (NASDAQ: TLRY) stock 180 degrees, upgrading the shares from underperform all the way to buy. Tilray stock responded as you’d expect, surging 17% in morning trading, but other marijuana stocks are responding positively as well. As of 11…
Canopy Growth (NASDAQ:CGC) has struggled to break even for years. Under then-CEO Bruce Linton, the company focused primarily on generating sales growth and uncovering more opportunities for the long term. However, now that sales growth is harder to achieve, and the pandemic shining a light on struggling businesses, investors aren’t as willing to overlook a poor bottom line. That is putting pressure…
The U.S. Senate majority leader adds support to House of Representatives legislation that would make doing business easier for marijuana companies. READ MORE: https://finance.yahoo.com/m/6809afc5-e0bb-3dc8-8359-d1b4548d6589/why-canopy-growth%2C-aurora.html?.tsrc=rss
Canopy Growth Corporation (“Canopy Growth”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, CBD and vaporization device company, today announced Southern Glazer’s Wine & Spirits (“Southern Glazer’s”), the world’s pre-eminent distributor of beverage alcohol, as the distribution partner for its U.S. portfolio of CBD-infused beverages. This partnership announcement follows the recent launch of Quatreau – Canopy’s first line of CBD-infused…
David Klein, Canopy Growth CEO joins the Yahoo Finance Live panel to discuss the outlook of the cannabis industry and recent acquisitions. READ MORE: https://finance.yahoo.com/video/ve-restructuring-business-over-last-163208580.html?.tsrc=rss
Given the possibility that the cannabis industry will clear regulatory hurdles in key growth markets, cannabis stocks have been trending higher. According to a Markets And Markets report, it’s estimated that the global cannabis market was worth $20.5 billion in FY2020, and by FY2026, the market size is expected to increase to $90.4 billion. Based on this growth outlook, cannabis…
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and vaporization device company, is announcing the launch of Vert, the Company’s first Quebec-exclusive brand. The first two strains to launch under the Vert brand are ‘Green Cush’ and ‘Sour Kush’, which will be sold via the Société québécoise du cannabis (SQDC) in…
Canopy and Tilray are two of the biggest names in legal cannabis. How do they stack up in a direct comparison? READ MORE: https://finance.yahoo.com/m/55a31105-edbe-306f-b437-12b634ee6293/canopy-growth-vs.-tilray:-how.html?.tsrc=rss