Canadian Cannabis News

How COVID-19 Could Impact Cannabis Stocks

The cannabis sector has evolved substantially since I began following it 7 years ago, but the COVID-19 crisis has made it as challenging as ever to navigate. I created...
- April 5th, 2020 at 12:08 pm

The Global Cannabis Stock Slide Accelerated in March

Already down sharply through February, the Global Cannabis Stock Index extended its losses with a 24.9% decline during March, ending at 23.58 despite a bounce from record lows mid-month: The index,...
- April 1st, 2020 at 11:45 am

Tilray to Allow Early Release of 11 Million Locked-Up Shares

Tilray, Inc. Releases 11 Million Shares From Lock-Up Agreement NANAIMO, British Columbia, March 31, 2020-(BUSINESS WIRE)–Tilray, Inc. (NASDAQ: TLRY) (“Tilray”), a global pioneer in cannabis production, research, cultivation and...
- March 31st, 2020 at 8:37 am

Cronos Group Q4 Revenue Sinks to $7.3 Million

Cronos Group Reports 2019 Fourth Quarter and Full-Year Results Completed Audit Committee Review and Restated Certain 2019 Unaudited Interim Financial Statements Expanded Canadian distribution to new provinces and product...
- March 30th, 2020 at 4:34 pm

HEXO Corp Takes $266 Million Impairment Charges

HEXO Corp reports second quarter fiscal 2020 financial results Key Operating Highlights Net Revenue increased 17% to $17.0M from $14.5M in Q1 Adult-use grams and gram equivalents sold increased...
- March 30th, 2020 at 8:07 am

MediPharm Labs Generates $32 Million Revenue in Q4

MediPharm Labs Reports Fourth Quarter and Full Year 2019 Results 2019 Revenue $129 Million, Adjusted EBITDA1 $25 Million Q4 2019 Revenue $32 Million, Adjusted EBITDA1 $3 Million Year-end Cash and Equivalents...
- March 30th, 2020 at 7:40 am

Village Farms Raises C$10 Million Through Stock Sale at C$3.20

Village Farms International Announces $10 Million Underwritten Public Offering of Common Shares VANCOUVER, March 19, 2020 /CNW/ – Village Farms International, Inc. (“Village Farms” or the “Company”) (TSX: VFF) (NASDAQ: VFF) is pleased...
- March 19th, 2020 at 8:22 am

Canopy Growth Temporarily Closes 23 Canadian Cannabis Stores

Canopy Growth to temporarily close corporate owned retail amid response to COVID-19 SMITH FALLS, ON, March 17, 2020 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC)...
- March 17th, 2020 at 7:50 am

Tilray Prices $90.4 Million Equity Offering at $4.76

Tilray, Inc. Announces Pricing of its $90.4 Million Registered Offering NANAIMO, British Columbia, March 13, 2020–(BUSINESS WIRE)–Tilray, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis...
- March 13th, 2020 at 9:24 am

Tilray Q4 Cannabis Revenue Declines 20% Sequentially

Tilray, Inc. Reports Fourth Quarter and Full Fiscal Year 2019 Financial Results Revenue Increased 287% to $167.0 (C$217.4) Million in Full Fiscal Year 2019 Compared to the Prior Year...
- March 2nd, 2020 at 4:28 pm

Global Cannabis Stocks Drop 21.5% in February

After breaking an 8-month losing streak in December with a strong close on the last day of the year, the Global Cannabis Stock Index extended its January losses with a 21.5%...
- March 2nd, 2020 at 10:55 am