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Canopy Growth shutting down all stores due to coronavirus

[Mar 18 11:40 AM] Things continue to get worse for cannabis companies in the U.S. and Canada. With the coronavirus pandemic expected to continue to grow and many economists warning that there could be a significant recession in 2020 if drastic measures aren’t…

Canopy Growth shuts down 2 greenhouses, lays off 500 jobs

[Mar 5 11:12 AM] Major cannabis companies are doing all they can to curb losses and get their balance sheets under control. In many cases, this includes major layoffs as well as significant goodwill adjustments to their balance sheets. One of these companies is…

Tilray to lay off 10% of its workforce in order to be profitable

[Feb 5 2:09 PM] In the realm of cannabis stocks, Tilray (NASDAQ: TLRY) made news when it announced that it plans to cut 10% of its workforce in an effort to cut costs and hopefully become profitable sometime soon. While generally a bad sign, investors reacted with…

Canopy Growth surges after announcing new CEO

[Dec 10, 2019 12:11 PM] Monday was a big day for the world’s largest cannabis company, having made one of the most anticipated announcements so far this year. Canopy Growth (NYSE: CGC) officially announced who would be signing on as the firm’s new CEO. David…

Pot stocks fall as FDA warns CBD could be harmful to humans

[Nov 26, 2019 1:06 PM] Today was a bit of a disappointing day for cannabis stocks, especially after some promising news came about last week that the U.S. had moved closer to taking cannabis off the Controlled Substances Act. Instead, America’s top health regulator…

Pot stocks skyrocket as U.S. moves closer to cannabis legalization

[Nov 22, 2019 12:28 PM] As quickly as cannabis stocks appeared to be heading down the drain a few days ago, with several consecutive days of double-digit declines for some major pot stocks, it appears that things have turned around just as quickly. Thursday become one of…

Aurora Cannabis suffers third double-digit consecutive loss

[Nov 19, 2019 1:28 PM] Large-cap cannabis stocks have been battered over the past week. With many companies reporting their financial earnings over the past few days, the markets were closely watching the results of many of these stocks to see if they could get a handle…

Canopy Growth sinks as losses continue to mount

[Nov 15, 2019 2:09 PM] Pot stocks were ravaged today when two of the largest pot stocks in the industry, both of which used to be favorites among Wall Street, ended up reporting disappointing quarterly results.Canopy Growth ( NYSE: CGC), the world’s largest pot…

Aurora Cannabis plummets after scaling back planned expansion

[Nov 15, 2019 1:40 PM] Today was a major day for cannabis companies and investors alike. While a number of major producers have reported their earnings, November 14th was a crucial day for the industry as its two largest companies, Aurora Cannabis (NYSE: ACB) and Canopy…

Canopy Growth expands into the UK and Luxembourg

[Oct 22, 2019 2:10 PM] The world’s largest cannabis company hasn’t been doing particularly well over the past couple of months. After reporting disappointing quarterly financial results, Canopy Growth Corp (NYSE: CGC) has seen its shares fall as investors…