Spotlight Stock It’s Another Billion-dollar Loss for Canopy Growth by Sophia Vida June 03, 2020 Marijuana producer Canopy Growth reported its second billion-dollar quarterly loss this past Friday. For the fiscal fourth-quarter, the company reported a net loss of C$1.33 billion, or $946.4 million. It was the second in its ...
Spotlight Stock Aurora Cannabis Shares Pop After Making Deal to Enter U.S. Market by Sophia Vida May 21, 2020 Shares of Canadian marijuana producer Aurora Cannabis were soaring as Wall Street learned that the company had made a deal to enter the U.S. market. Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the co...
Spotlight Stock Aurora Cannabis Reports Explosive Revenues in Q3 by Sophia Vida May 19, 2020 Recently shares of Aurora Cannabis were destroyed after the company executed a 1-for-12 reverse stock split but came back roaring on strong third quarter financial results. The troubled marijuana company reported stronger-than-...
Spotlight Stock Canopy Growth Loses Two Top Executives by Sophia Vida May 13, 2020 Marijuana producer Canopy Growth has lost two top executives this week. The Canadian company's chief commercial officer of recreational cannabis, Dave Bigioni, and chief operating officer Andre Fernandez have parted ways. “B...
Spotlight Stock Tilray Reports First Quarter Financial Results by Sophia Vida May 13, 2020 This week marijuana company Tilray, Inc. reported its first quarter 2020 financial results. For the quarter the company saw revenue increase 126% to $52.1 million or C$70.7 million from the same quarter a year ago. It was also ...
Spotlight Stock Illinois Marijuana Sales in April Top March and February by Sophia Vida May 06, 2020 According to Illinois state officials, the coronavirus lockdown has not been keeping the state from seeing exploding marijuana sales. The state's first full month of lockdown, April, had surpassed sales seen in the two previous mo...
Spotlight Stock Canopy Growth Announces a New Round of Layoffs by Sophia Vida May 01, 2020 Canadian marijuana producer Canopy Growth has announced a new round of layoffs this week. The company confirmed to BNN Bloomberg on Wednesday that it is temporarily letting go of 200 employees. It was only weeks ago that Can...
Spotlight Stock Canopy Growth Stops Marijuana Cultivation on Three Continents by Sophia Vida April 17, 2020 Marijuana producer Canopy Growth announced this week that it is stopping cannabis cultivation in several locations in order to “improve efficiencies” in its global operations. The Ontario-based company also said it is elimi...
Spotlight Stock Aphria Inc. Pulls Guidance for Full Year by Sophia Vida April 17, 2020 Canadian cannabis company Aphria Inc. told investors this week that in its most recent quarter, sales had grown 65%. The company also reported that pull-backs from wholesale buyers across Canada due to COVID-19 has forced it to...
Spotlight Stock Aurora Cannabis is Consolidating its Stock After Facing a Delisting by Sophia Vida April 15, 2020 Canadian marijuana producer Aurora Cannabis has decided to do a reverse stock split as the company faced a delisting by the New York Stock Exchange for shares trading for less than $1. Moving forward, Aurora Cannabis will conso...
