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 Marijuana Stocks Headed Lower as Analyst Says This About New Canopy Growth CEO by Sophia Vida December 11, 2019 Canopy Growth has a new CEO and analysts are saying he faces some big challenges. Pot stocks were falling on Tuesday as analysts remarked on the new chief executive. Constellation Brands’ Chief Financial Officer David K...
Spotlight Stock Canopy Growth Shares Plummet After Dismal Q2 Financial Report by Sophia Vida November 19, 2019 Shares of Canadian marijuana producer Canopy Growth Corp. saw its shares fall last Thursday over 2% after the company released a wider than expected loss in the second quarter. Revenue also was short of expectations. The Canadi...
Spotlight Stock This Analyst Has Bad Things to Say About Canopy Growth by Sophia Vida September 19, 2019 According to an Oppenheimer analyst, Canopy Growth is not a stock to buy. While the Canadian marijuana producer has a lot of money, at $28 a share it is still expensive says analyst Rupesh Parikh. According to Parikh, the co...
Spotlight Stock Former Canopy Growth CEO Bruce Linton Still Invests in the Company by Sophia Vida August 22, 2019 Despite being dismissed from Canadian marijuana producer Canopy Growth as its CEO, Bruce Linton, the former executive, is still investing in the giant. Linton had been fired by the Canadian company last month, but said on Tuesd...
