Marijuana Stocks Canopy Growth Files $2B Shelf Prospectus by Sophia Vida February 26, 2021 In what is believed to be the largest prospectus by a cannabis company, Canada's Canopy Growth has filed a $2 billion shelf prospectus. The preliminary short-form base shelf prospectus enables the company to raise up to $2 bill...
Spotlight Stock Canopy Growth Expects to be Profitable by Second Half of 2022 by Sophia Vida February 12, 2021 Shares of Canadian marijuana company Canopy Growth were jumping on Tuesday after the company revealed that it expects to be profitable by the second half of 2022. The company said that over the next 12-18 months it expects to l...
Featured Canopy Growth Sues GW Pharmaceuticals Over Infringement by Sophia Vida December 25, 2020 One of Canada's top marijuana producers, Canopy Growth Corp., is taking Britain-based GW Pharmaceuticals to court in the U.S. According to Canopy Growth, GW Pharmaceuticals has infringed upon their intellectual property. In a c...
Spotlight Stock Canopy Growth Splits from Canopy Rivers in Nearly $300M Deal by Sophia Vida December 23, 2020 Canopy Rivers, a strategic investment subsidiary that is partially owned by Canadian marijuana producer Canopy Growth Corp., is selling some of its assets to the latter and is also cutting ties with the company. The transaction...
Marijuana Stocks Cannabis MSO Acreage Signs a $12M Loan to Expand its Illinois Operation by Sophia Vida December 04, 2020 Multistate cannabis operator Acreage Holdings announced this week that it has agreed to a $12 million construction loan to complete the expansion of its cultivation and processing facility in the Illinois market. The company fi...
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 ...
