Reuters — Constellation Brands finance head David Klein will take over in January as CEO of pot producer Canopy Growth Corp., hardening up the Corona beer maker’s control of a […] Read more
Tag Archives cannabis
Constellation tightens grip on Canopy with CEO appointment
Pot producer Canopy Growth to stop expanding in Canada
Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus […] Read more
As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets
Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and […] Read more
Mexican Senate set to pass bill to legalize marijuana in next few days
Mexico City | Reuters — Mexico’s Senate will vote for a bill to fully legalize marijuana in the next few days, a key lawmaker told Reuters, marking a major step […] Read more
Pot producer CannTrust to destroy $77M in plants, inventory
Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan […] Read more
Short-sellers circle cannabis stocks as profits dwindle
New York | Reuters — Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise […] Read more
Vape product concerns weigh on cannabis companies
Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow […] Read more
Canadian exporters have hopes for hemp
CBD, an oil prized for health impact, now drives hemp market
Canada’s hemp industry has changed. Not overnight, but close. For years, hemp farmers have grown the crop for grain and partly for hemp fibres. This summer the majority of Canadian […] Read more
Pot producer CannTrust’s federal license suspended
Reuters — Troubled Canadian pot grower CannTrust Holdings said Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last […] Read more
Cannabis firm Tilray sees growth slowing
Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational […] Read more
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