Canopy Growth Corp. Archives

StaffDecember 13, 2023

The Daily Hit is a recap of the top financial news stories for Dec. 13, 2023. On the Site Investor Sues MjLink for Bogus Numbers Investor Alan Lamothe filed a legal complaint against Decentral Life Inc. (OTC: WDLF) and several other entities alleging that the group made bogus claims about user numbers on the websites. […]

Adam JacksonDecember 13, 2023

The company has been on a cost-cutting quest after losing billions.

StaffOctober 2, 2023

The Daily Hit is a recap of the top financial news stories for Oct. 2, 2023. On the Site Canopy, Tilray Close Deals as One Shrinks and the Other Grows Today’s transaction closings really sum up the current cannabis industry. One company is shedding assets to generate cash to pay debts, while another is buying […]

Debra BorchardtOctober 2, 2023

Today's transaction closings sum up the current cannabis industry.

Debra BorchardtSeptember 18, 2023

It seems investor interest in the cannabis sector is returning. Cannabis heavyweights Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) both inked large private placements with institutional investors. Capital has been especially tight in the industry for the past two years and these deals could indicate that investors […]

StaffSeptember 14, 2023

The Daily Hit is a recap of the top financial news stories for Sept. 14, 2023. On the Site Canopy Growth Bows out of BioSteel Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) will cease funding for its BioSteel Sports Nutrition unit. Following this, BioSteel has initiated proceedings under Canada’s Companies’ Creditors Arrangement Act. Read more […]

StaffAugust 17, 2023

The Daily Hit is a recap of the top financial news stories for Aug. 17, 2023. On the Site Shinnecock Tribe Dispensary Still on Track Despite Tilt Comments This week, Tilt Holdings (OTC: TLLTF) stunned many in the cannabis community when it decided to cut several social equity brands. During the conference call to discuss the […]

Debra BorchardtAugust 17, 2023

Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) is selling its Hershey Drive facility in Smiths Falls, Ontario, as part of its move to become a simplified, asset-light operating model. Canopy Growth said it will retain its Smiths Falls-based post-harvest manufacturing facility. The facility will be sold to Hershey Canada, Inc. for cash consideration of approximately […]