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Canopy Growth agreed with debtholders to convert millions of its debt into stock. Any reason to buy CGC stock now? READ MORE: https://finance.yahoo.com/m/a72862de-cc5e-3ff8-aa5d-7e9bc39a83f6/any-reason-to-buy-canopy.html?.tsrc=rss

Constellation Brands CEO Bill Newlands joins Yahoo Finance Live to discuss company earnings, inflation, consumer demand, stake in Canopy Growth, and the outlook for growth. READ MORE: https://finance.yahoo.com/video/inflation-very-judicious-look-pricing-151035553.html?.tsrc=rss

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that, further to its press release dated June 29, 2022, it has entered into an additional privately negotiated exchange agreement (the “Exchange Agreement”) with a holder (the “Noteholder”) of the Company’s outstanding 4.25% unsecured senior notes due 2023 (the “Notes”), to acquire approximately C$7.25 million (approximately…

The company reduced its full-year financial forecasts on a reported basis, though the outlook excluding its cannabis business was higher than the consensus call. READ MORE: https://finance.yahoo.com/m/1114889f-b6a7-3af2-af32-80bd1f1a41c0/constellation-brands%E2%80%99.html?.tsrc=rss

Aurora Cannabis (NASDAQ: ACB) is one of the most beaten-down cannabis stocks in the entire industry. Investors will recall that back in 2018, Aurora announced it was acquiring medical marijuana company MedReleaf for more than $2.5 billion in what at the time was the sector’s largest deal. Today, Aurora is worth about one-fifth of that value, with a market cap…

Canopy Growth Corp. fell 17% in premarket trades on Thursday after the company said it reached an agreement with Constellation Brands Inc. to convert about $198 million of convertible debt into stock. Constellation agreed to acquire between 21.93 million or 5.4% of Canopy stock and 30.7 million shares or 7.6% of Canopy stock that will convert from debt. The prices…

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, today announced the continued expansion of its cannabis beverage portfolio and a brand campaign that drives awareness of its wide range of cannabis beverages just in time for the summer season. Boasting the category’s fastest growing brands,1 Canopy Growth…

Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) announced today that it has entered into privately negotiated exchange agreements (collectively, the “Exchange Agreements”) with a limited number of holders (the “Noteholders”), including Constellation Brands, Inc. (“CBI”) through its wholly-owned subsidiary Greenstar Canada Investment Limited Partnership (“GCILP”), of the Company’s outstanding 4.25% unsecured convertible senior notes due…

The global legal marijuana market could grow at a compound rate of 25% by 2030, according to Grand View Research. One-time investor favorites Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB) have seen their stocks dip more than 90% in the last three years. Aurora and Canopy have been in pursuit of positive earnings before interest, taxes, depreciation, and amortization (EBITDA) for…

Fitch Ratings on Monday downgraded its debt rating on Canopy Growth Corp. and said uncertainty remains whether the company can sustain its capital structure. “It is highly doubtful that Canopy can improve [its] earnings before interest, taxes, depreciation and amortization (Ebitda) to reach operating cash flow breakeven in fiscal 2025 as Fitch previously expected,” the ratings firm said. Fitch cut…

Aurora Cannabis (NASDAQ: ACB) announced in early June an additional round of cost-saving measures as part of its business transformation plan that has already brought on major adjustments to the company in the past two years. Aurora’s shares dropped throughout June after it bought back millions of dollars in convertible debt, announced it would close a major facility, and laid off…