Spotlight Stock Canopy Growth Shares Explode After Q1 Results and Cowen Price Target Boost by Sophia Vida August 11, 2020 Shares of Canadian marijuana producer Canopy Growth were headed higher on Monday after reporting fiscal first-quarter results that topped expectations on both the top and bottom line. The stock jumped 8% on Monday after the com...
Spotlight Stock Cannabis Producer Canopy Growth Slashes 30 Jobs at Ontario Headquarters by Sophia Vida July 16, 2020 Canadian marijuana producer Canopy Growth has cut 30 jobs at its Ontario headquarters as a part of corporate restructuring. The company confirmed to move to Marijuana Business Daily which was first reported by local news websit...
Sector News Canopy Growth CEO Thinks This is When the U.S. Will Legalize Cannabis by Sophia Vida June 17, 2020 David Klein, the new CEO of Canadian marijuana producer Canopy Growth, believes the pot market in the U.S. will officially be open for business regardless of who wins the presidential election in November. When though? Klein, b...
Spotlight Stock Canopy Growth CEO Says Company’s Cannabis Beverages are Off to Hot Start by Sophia Vida June 04, 2020 It was only this past Friday that Canopy Growth reported its fourth quarter results that disappointed Wall Street and even its own guidance. Shares fell 20% last Friday and continued falling this week. Canopy Growth's CEO is...
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 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 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 Former Canopy Growth CEO Bruce Linton Launches $150M Marijuana SPAC by Sophia Vida March 06, 2020 The former co-founder and CEO of Canopy Growth, Bruce Linton, has some big plans still in the marijuana industry. It was at the Benzinga Cannabis Capital Conference in Miami on February 27th that Linton gave a keynote speech wh...
Spotlight Stock Aurora Cannabis and Other Pot Stocks Get Downgraded by Cowen by Sophia Vida February 25, 2020 The week did not start off too well for marijuana stocks Aurora Cannabis, Tilray Inc., and Sundial Growers Inc. The companies were downgraded by a Cowen team led by Vivien Azer on Monday, as analysts become cautious about their...
