12h ago
This year, 46 licensed producers can grow cannabis outdoors, almost double the number of licensees from last year, according to Health Canada.
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Canopy Growth reports disappointing Q4 results, plans to shift business to focus on core markets
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MARIJUANA STOCK WATCHLIST
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12h ago
0:59Canopy tumbles amid analyst downgrades after disappointing Q4
Shares of Canopy fell in early trading Monday following a stream of reports from several analysts including those at Bank of Montreal, CIBC, Royal Bank of Canada, and Desjardins Securities that suggest the company needs to do more work to regain lost market share in the Canadian cannabis market.
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May 30
4:42Canada's 'Croptober' looms as outdoor pot production set to soar
A different sea of green will greet Canadian farm fields this year as licensed producers begin planting their cannabis outdoors, a move that could exacerbate an existing glut in the market and potentially cause further industry writedowns.
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May 29
The Smiths Falls, Ont.-based company announced disappointing fourth-quarter results on Friday, with revenue declining 13 per cent from the prior quarter and a steep $1.3-billion loss.
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May 29
3:58Health Canada reinstates one of CannTrust's licences to grow and sell pot
CannTrust Holdings Inc. announced Friday that federal regulators have reinstated one of the company's licences to grow and sell cannabis, nearly a year after inspectors first discovered marijuana grown in unlicensed rooms that led to the suspension.
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May 29
4:42Canopy shares plunge as it reports $1.3B fourth-quarter loss
Canopy Growth Corp., the most valuable cannabis company in the world, reported a net loss of $1.3 billion in its fourth-quarter Friday, due to weaker sales of recreational pot in Canada, as well as higher expenses and a steep impairment charge.
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May 28
Canopy Growth, the world's biggest cannabis company by market capitalization, reports its fourth quarter results early Friday with analysts expecting a net loss of about $222 million.
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May 27
Cannabis Canada: Pot production accounts for $2.3B in farm receipts, StatsCan says
Statistics Canada said that cannabis accounted for about $2.3 billion in farm cash receipts in 2019, up from $564 million the prior year.
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May 26
2:21Tilray to save $7.5M, layoffs expected from greenhouse closure
Tilray Inc. is shutting one of its indoor cannabis production greenhouses down, the latest move by the pot company to help cut costs and seek profitability.
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May 26
Cannabis Canada: More than one-third of pot industry CEOs lost their jobs in 2019, study shows
The report, which looks at nearly 100 companies, 449 Board Members, and 437 cannabis industry executives, also found that the average CEO compensation for small-cap cannabis companies is about $226,000.
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