Search: Canopy

Canopy Growth Cuts Drake, Keeps Martha Stewart

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 Drake originally made the deal in November 2019 with Linton.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%…

Why Canopy Growth, Aurora Cannabis, and Charlotte’s Web Stocks All Just Went Up in Smoke

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,…

Will This Recently Announced Acquisition Make Canopy Growth Profitable at Last?

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…

Canopy Growth Signs U.S. Distribution Agreement with Southern Glazer’s Wine & Spirits for CBD Beverage Portfolio

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…

Canopy Growth: Several Potential Catalysts Make Growth Targets Achievable

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 Introduces Vert – a Quebec-Exclusive Cannabis Brand

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…