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Earnings season is kicking into high-gear and leading cannabis companies are getting ready to report quarterly financial results. Starting with Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Cronos Group Inc. (TSX: CRON) (Nasdaq: CRON) on August 6th, we expect the cannabis sector to become a major topic of discussion…
After three years of a successful joint venture, Houseplant and Canopy Growth Corporation have mutually agreed to end their relationship. The Canadian cannabis market has evolved substantially during this period, and the parties believe the time is right for the Houseplant brand to develop independently while Canopy advances its focus…
One day after CIBC slashed its price target on Tilray, Inc. (TSX: TLRY) (Nasdaq: TLRY), the broker-dealer lowered its price target on Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) to C$30 from C$36. The lower price target was issued ahead of Canopy Growth’s plan to report first quarter financial results…
Last month, Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) released fourth quarter financial results and the market was not impressed by the earnings report. Following the less-than-favorable earnings report, several broker-dealers lowered their respective price target on Canopy Growth and this is a trend that we have been closely monitoring.…
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce the completion of the previously announced arrangement whereby Canopy has acquired all of the issued and outstanding common shares of Supreme. As Canopy continues to focus on…
Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) (" Planet 13 " or the " Company"), a leading vertically-integrated Nevada cannabis company, announces two shop-in-shop stores in the new Orange County SuperStore ("P13 OC"). Based on the success of the store-within-store concept at the Las Vegas SuperStore, Planet 13 has created three…
Little Green Pharma Ltd (ASX: LGP) has acquired a world-class, fully-operational, GMP medicinal cannabis cultivation and manufacturing facility in Denmark from Canopy Growth Corporation (TSX:WEED, NASDAQ: CGC). The facility, located in Northern Odense, has the capacity to produce in excess of 12 tonnes per annum of finished flower and provides LGP with much-needed product supply from…
In the first quarter of 2021, we noticed a significant spike in interest in the Mexican cannabis market. The catalyst behind the increased interest was related to legal cannabis legislation that was quickly advancing through the Mexican government. The legislation garnered support from Mexico President Andrés Manuel López Obrador and…
A few months ago, Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis. Earlier this week, Supreme reported to have been granted…
Several leading Canadian broker-dealers responded negatively to Canopy Growth Corporation’s (TSX: WEED) (Nasdaq: CGC) fourth quarter financial results and have lowered their price target on the company. Canopy Growth CEO stated that he was a little concerned about the headwinds that it continues to face as a result of the…