Cannabis firm Canopy Growth set to consolidate shares
Canopy Growth Corp. is set to become the latest cannabis producer to consolidate its shares to maintain its listing on the Nasdaq exchange.
Canopy Growth Corp. is set to become the latest cannabis producer to consolidate its shares to maintain its listing on the Nasdaq exchange.
Canadian cannabis producer Canopy Growth Corp. appears to be facing another hurdle in its plan to “fast track” the company’s entry into the $34 billion U.S. marijuana market.
Alcohol giant Constellation Brands said all its warrants have expired to purchase common shares of Canadian cannabis producer Canopy Growth Corp. and signaled it has “no other present plans” that relate to Canopy.
Canadian cannabis producer Canopy Growth Corp. entered into subscription agreements with institutional investors in a private placement offering for gross proceeds of approximately $25 million (33.8 million Canadian dollars).
Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct a court-supervised sale of the brand and its property, the Ontario-based company said Thursday.
Former CEO Kevin Murphy and ex-Canadian Prime Minister Brian Mulroney have resigned from the board of directors of New York-based marijuana multistate operator Acreage Holdings.
A Canopy Growth Corp. flagship facility that was once emblematic of the prospective wealth and new beginnings of the country’s legal cannabis industry is being sold back to its original owner, chocolate maker Hershey Canada.
Canopy Growth Corp. reiterated doubts about its ability to stay afloat when the Canadian cannabis producer reported its fiscal 2024 first-quarter results.
Canadian cannabis producer Canopy Growth plans to seek approval to consolidate its shares after the Smiths Falls-based company was notified by the Nasdaq that it does not meet the stock exchange’s listing standards.
Beleaguered cannabis producer Canopy Growth received a $0 price target by Eight Capital on Wednesday after the Toronto-based financial firm said it is no longer appropriate to value the Canadian operator as a going concern.
Canopy Growth Corp.’s principal accountants resigned June 22, but the company told MJBizDaily the move was a “joint decision” with the auditor and not related to recent accounting woes.
Cannabis producer Canopy Growth reported a net loss of 3.3 billion Canadian dollars ($2.5 billion) for its fiscal year ended March 31, 2023, representing a substantial increase over 2022.