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Neptune Announces An Amended And Restated Agreement With Canopy
Canopy Says Achieving Q4 Fiscal 2020 Net Revenues Of C$250 Mln Increasingly Unlikely
Canopy Growth Reports Qtrly Loss Per Share Of $1.08
Canopy Growth Corp, formerly Tweed Marijuana Inc, is a Canada-based multi-brand cannabis company. The Company, through its subsidiaries Tweed Inc, Bedrocan Canada Inc, Tweed Farms Inc and Mettrum Health Corp is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed's commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed's built-out production capacity is over 10 climate controlled indoor growing rooms. Bedrocan is a medical-grade cannabis. Bedrocan's over 52,000 square feet production facility in Toronto, Ontario is licensed, and includes over 30 vegetative and growing rooms, and over three dispensing rooms.
Biotechnology & Drugs
1 Hershey Dr
David Eric Klein
Chairman of the Board
Rade Nikola Kovacevic
Chief Executive Officer
Acting Chief Financial Officer
Senior Vice President - Strategic Expansion and Continuous Improvement
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Canada's main stock index opened lower on Wednesday, as sentiment soured on concerns over political strain between the United States and China, but gains in shares of cannabis producer Canopy Growth Corp limited losses.
Canopy Growth Corp said on Thursday it may miss targets for fourth quarter revenue as regulation slows store openings, adding to signs of weakness in the legal cannabis market and hammering shares across the sector.
Canopy Growth Corp reported a bigger quarterly loss on Thursday, as the Canadian pot producer was hit by restructuring and inventory charges as part of its portfolio review.
Canadian cannabis producer Hexo Corp <HEXO.TO> said on Thursday it cut 200 jobs as it controls costs amid slower than expected store rollouts and as the government delays approval for cannabis derivative products.
Cannabis producer Canopy Growth Corp <WEED.TO> <CGC.N> said on Thursday it appointed top shareholder Constellation Brands Inc's <STZ.N> chief financial officer, David Klein, as chairman of its board.
Cannabis producer Canopy Growth Corp said on Thursday it has appointed Constellation Brands Inc Chief Financial Officer David Klein as the new chair of its board, effective immediately.
Constellation Brands Inc slid to a loss in the second quarter as the maker of Corona and Modelo beers booked millions of dollars in losses from its investment in pot company Canopy Growth Corp.
Canopy Growth Corp, Canada's largest cannabis company, reported a bigger quarterly loss on Wednesday, as it took a one-time charge of C$1.2 billion related to the expiry of warrants held by Constellation Brands, which holds a major stake in the company.
Canopy Growth Corp <WEED.TO> <CGC.N> founder and co-Chief Executive Officer Bruce Linton said he was fired, a surprise move that comes just a week after its largest shareholder expressed disappointment over the company's loss-making streak.
Canadian cannabis producer Canopy Growth Corp said on Wednesday Bruce Linton will step down as co-chief executive officer, effective immediately.
The biggest of Canada's booming pot growers, Canopy Growth Corp, has further to go on a string of acquisitions that has seen it suck up at least 12 smaller firms in a year, but it is done buying other producers, Chief Executive Officer Bruce Linton said.
Pot producer Canopy Growth Corp reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada's legalization of recreational cannabis.
Canadian pot producer Canopy Growth Corp reported a more than four-fold jump in quarterly revenue on Thursday, benefiting from higher sales following Canada's legalization of recreational cannabis.
Canopy Growth Corp said on Wednesday it would buy skincare company This Works for C$73.8 million ($55.2 million), adding beauty and sleep products to the Canadian weed producer's portfolio of cannabis oil, hemp and medical capsules.
Acreage Holdings Inc shareholder Marcato Capital Management LP said on Monday it would vote against the company's proposed $3.4 billion deal with Canopy Growth Corp.
Asset manager Marcato Capital Management LP, a shareholder of Acreage Holdings Inc, said on Monday it would vote against the company's proposed deal with Canopy Growth Corp.
Hedge fund Marcato Capital Management said on Monday it opposed marijuana company Acreage Holdings Inc's $3.4 billion sale to rival Canopy Growth Corp, arguing Acreage was too hasty in agreeing to a deal at too low a price.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
Canopy Growth Corp said on Thursday it had secured a right to buy Acreage Holdings Inc for $3.4 billion once the United States legalizes the production and sale of cannabis.
Canadian marijuana producer Canopy Growth Corp said on Thursday it would buy U.S.-based pot firm Acreage Holdings in a deal valued at $3.4 billion.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.