Canopy Growth cratered as much as 22% on Friday after the company reported its fiscal fourth quarter earnings that missed analyst estimates. The coronavirus pandemic took a toll on the Canadian marijuana company after it was forced to close its corporate-owned retail stores in mid-March. Additionally, the company saw a […]

On Friday before the bell, Canopy Growth Corp. reported fiscal third quarter 2020 earnings that beat analyst expectations. Shares of Canopy Growth gained as much as 22% Friday. Shares of other cannabis company stocks also rose, and the Horizons Marijuana Life Sciences Index ETF gained as much as 8%. Watch […]

Short-sellers betting against the cannabis sector have made $US993 million in mark-to-market gains year-to-date, according to a Wednesday note from financial-analytics provider S3 Partners. Those gains come even after solid sector performance erased $US132 million from short-seller profit in December on the 20 stocks that were most shorted, according to […]

Canopy Growth, Aurora Cannabis, Cronos Group, and Tilray all reported quarterly earnings this week. All reports fell short of analyst expectations and sent shares falling amid a difficult year for the cannabis industry. Here’s how each company did, and how much the stock was affected. Read more on Business Insider. […]

Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it in your inbox every week. Happy Friday everyone, I took a step back over the past few weeks and […]

Canopy Growth, the Canadian cannabis company, reported second-quarter fiscal 2020 earnings Thursday that missed analyst expectations. Shares fell as much as 17.57% Thursday following the report. Canopy Growth has struggled to make gains following multiple quarters of weak earnings. Still, the company said in its release that there are signs […]

Constellation Brands, the company behind Corona and Modelo beer, posted second quarter earnings that largely beat expectations but revealed a $US484 million loss on an investment in Canopy Growth, a cannabis company. Shares fell as much as 8% on the news. Investors have been watching the relationship between the companies […]

Constellation Brands CEO Bill Newlands said in an interview with CNBC that former chief Bruce Linton was not fired from Canopy Growth because of financials. Instead, the board thought the cannabis company needed a new leader for the next phase of growth, he said. Analysts say Canopy is still well-positioned […]

Shares of Canopy Growth Corp sank after the company announced co-CEO Bruce Linton was stepping down Wednesday. The leadership change came as a surprise, but many analysts say its ultimately a good thing. Canopy is still positioned to lead growth in the $US200 billion global cannabis industry, wrote Andrew Carter […]

Shares of Canopy Growth fell after the company announced that Bruce Linton, the co-CEO, would be stepping down early Wednesday. Linton later told CNBC that he was “terminated.” The leadership change comes as the company looks to grow after disappointing fourth quarter earnings results. The company hopes to bring CBD […]

Canopy Growth reported fiscal fourth-quarter results Thursday that missed analysts expectations. Shares of the company declined as much as 7% on the news. The company attributed the miss to increased investment on sales, marketing, and administrative costs. Watch Canopy Growth trade live. Canopy Growth is not flying high. Shares of […]

Weed stocks are astronomically valued compared to the tech, alcohol, and tobacco sectors. Markets Insider ranked several companies by a standard valuation metric which corrects for varying debt levels. The market does not appear concerned that the companies cannot operate in the US until federal legislation is passed to legalise […]

Canopy Growth on Thursday announced it entered an agreement to purchase Acreage Holdings, a US pot company. The groundbreaking, $US3.4 billion deal would be the first example of a Canadian cannabis company buying up a US operator. The deal will provide an opportunity for companies from consumer packaged goods, cannabis, […]

The comedians Seth Rogen and Evan Goldberg are teaming up with the Canadian cannabis producer Canopy Growth on a new brand of recreational weed. Last month, Martha Stewart joined Canopy Growth as an adviser. Watch Canopy Growth trade live. The comedians Seth Rogan and Evan Goldberg have teamed up on […]

Canopy Growth and Martha Stewart are joining forces to develop CBD products. Canopy shares jumped more than 3% following the news. Earlier this week, analysts at Cowen said they think the CBD market could explode from its current size of $US1 billion to $US16 billion by 2025. Watch Canopy Growth […]

Martha Stewart is joining Canopy Growth – the world’s largest legal marijuana producer – as an advisor. Stewart will collaborate with Canopy on CBD offerings, starting with a line of “sensible products for people’s beloved pets.” By 2025, legal cannabis is estimated to be a $US166 billion business, impacting categories […]

Canopy Growth reported second-quarter revenue that missed even the lowest estimate by a wide margin. Shares fell more than 7% early Wednesday. The cannabis producer received a $US4 billion investment from the beverage maker Constellation Brands earlier this year, sparking the so-called “green rush” into the sector. Watch Canopy Growth […]