Markets

Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.

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 […]
Traders betting against weed stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.
Markets

Cannabis producer Canopy Growth slips after a disappointing earnings report

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 […]
Cannabis producer Canopy Growth slips after a disappointing earnings report
Markets

The lawyer who led Canopy Growth’s groundbreaking $3.4 billion purchase of US marijuana cultivator Acreage Holdings says it will ‘untap the market’ for companies hunting similar deals

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 lawyer who led Canopy Growth’s groundbreaking $3.4 billion purchase of US marijuana cultivator Acreage Holdings says it will ‘untap the market’ for companies hunting similar deals
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