New York-based cannabis multistate operator Acreage Holdings streamlined its board of directors to prepare for the company’s acquisition by Canopy USA, the American arm of Canadian producer Canopy Growth Corp.
Canadian-listed shares of cannabis operator Canopy Growth Corp. will be removed from the S&P/TSX Composite Index, a market benchmark equivalent to the S&P 500 in the United States.
New York-based cannabis multistate operator Acreage Holdings announced Friday that Dennis Curran, the company’s chief operating officer since March 2022, will assume the role of CEO starting July 1.
Canadian cannabis producer Canopy Growth has reached a deal to acquire a 19.99% stake in edibles maker Indiva, while also gaining control of all distribution and sales of Wana branded products in Canada.
Canadian cannabis producer Canopy Growth Corp. plans to refile some of its financial statements for the fiscal year ended March 31, 2022.
Marijuana multistate operator TerrAscend Corp. revealed its plans to reorganize in a way that will allow the U.S. plant-touching company to list on the Toronto Stock Exchange.
Are widespread layoffs in the North American cannabis industry an effective cost-cutting tool – or will they do more damage in an already challenging environment?
Canadian cannabis producer Canopy Growth Corp. entered into an agreement with an institutional investor for a convertible debt issuance worth up to $150 million (203 million Canadian dollars) in two tranches.
Canadian cannabis producer Canopy Growth said Thursday it is closing its flagship cultivation facility in Smiths Falls, Ontario, and cutting more a third of its workforce as part of a shift to an “asset-light model” in Canada.
Canadian cannabis producer Canopy Growth reported a net loss of 231.9 million Canadian dollars ($172 million) in its second quarter, reflecting “non-cash fair value changes” as well as a jump in asset impairment and restructuring costs.
Fitch Ratings downgraded its assessment of Canadian cannabis producer Canopy Growth to CCC-, one of the agency’s lowest ratings.
Ontario, Canada-based licensed cannabis producer Canopy Growth’s plans to launch Canopy USA to accelerate its acquisitions of three American marijuana companies and remain listed on a major stock exchange might have provided a blueprint for U.S. companies.
