Nov 16
Wall Street’s exuberance over legal weed has quickly curdled into sober reality.
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MARIJUANA STOCK WATCHLIST
Hexo shares under pressure after unlicensed pot disclosure
VIDEO SIGN OUT
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Nov 15
4:14Cannabis Canada: Pot companies end week of bloodletting amid darker clouds ahead
After more than a dozen Canadian-based pot companies reported quarterly results over the past five days, declining revenues and ongoing losses resulted in a total of $5 billion in market capitalization disappear for the top five cannabis companies on the market.
Pot companies reel from week of bloodletting as darker clouds loom
Hexo says unlicensed pot grown at now-shuttered Niagara facility
MedMen cuts 190 jobs, sells non-core assets in pot reckoning
Aurora chairman sees profitability before peers, doesn't say when
Green Organic Dutchman shares fall after it reports $20.1M loss
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Nov 17
5:01Hexo says unlicensed pot grown at now-shuttered Niagara facility
In a release late Friday, Hexo said that once it discovered that unlicensed cannabis was being cultivated in “Block B,” a room inside a building formerly owned and operated by Newstrike, it immediately “ceased cultivation and production activities” in the room and notified federal regulators.
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Nov 15
It was one of the worst weeks for the legal cannabis sector since pot became legal in Canada.
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Nov 15
Green Organic Dutchman shares fall after it reports $20.1M loss
The company says it invested $104 million in capital spending in the quarter, including the continued construction of two facilities in Ontario and Quebec.
Blame Doug Ford: Canopy CEO cites retail woes for Q2 bomb
Aurora latest pot firm to disappoint as recreational sales plunge 33%
N.B. moves toward privatization of cannabis sales following losses in first year
Tilray's Canadian business to turn profit ahead of target, CEO says
Organigram tumbles after forecasting lower revenue
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Nov 14
6:57Aurora latest pot firm to disappoint as recreational sales plunge 33%
Aurora Cannabis Inc. shares fell 9% in post-market trading as it became the latest pot company to miss estimates.
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Nov 14
A lack of consumer interest in cannabis products led Canopy Growth, the world's largest cannabis company, to report $47.9 million in charges.
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Nov 14
N.B. moves toward privatization of cannabis sales following losses in first year
Finance Minister Ernie Steeves says today that after a careful analysis, the government concluded the best approach was to turn to the private sector.
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Nov 14
4:52The Daily Chase: Canopy suffers steep loss; MacNaughton warns on Huawei fallout
Canopy Growth is demonstrating more symptoms of the growing pains afflicting Canada's cannabis industry. Its adjusted second-quarter loss more than doubled and net revenue trailed off.
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Nov 14
4:32Blame Doug Ford: Canopy CEO cites retail woes for Q2 bomb
Shares of Canopy Growth Corp. sank to a two-year low Thursday after the company reported second-quarter results that widely missed expectations, something it attributed to pricing pressure for its legal cannabis products, a steep inventory writedown and the lack of new pot stores in Ontario, the country’s biggest market.
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