Canopy Growth

Canopy Growth partners with more celebrities to sell marijuana

Ontario-based Canopy Growth is partnering with a Toronto cannabis company created by celebrities Seth Rogen and Evan Goldberg to sell branded flower, softgels and pre-rolled marijuana formats in the coming months. Canopy said the partnership with Houseplant – founded by Rogen, Goldberg and their partners, including United Talent Agency – was almost two years in […]

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Tilray expects GMP approval, first cannabis sales from Portugal this summer

Tilray’s facility in Portugal is expected to receive Good Manufacturing Practice (GMP) certification in the coming months, which the Canada-based cannabis company says will open the door for the first shipments from its European facility as early as this summer. Monetizing European demand for medical cannabis is core to the strategies of many publicly traded cannabis […]

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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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Billionaire Peltz joins Aurora Cannabis to advise on partnerships, expansion

Nelson Peltz will join Aurora Cannabis as a strategic adviser to help the company lock in partnerships and expand internationally – a move seen as a major vote of confidence for the Canadian company and broader marijuana industry. In exchange, the Edmonton, Alberta-based company will grant Peltz options to purchase almost 20 million shares in […]

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Canopy enlists celebrity Martha Stewart as CBD ‘adviser’

Canopy Growth has lined up celebrity lifestyle guru Martha Stewart to advise the Canadian cannabis company in developing a new line of goods, including hemp-derived CBD products. Stewart said their first collaboration will offer products for pets. “As soon as you hear the name Martha, you know exactly who we’re talking about,” Canopy Growth co-CEO […]

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Walmart Canada removes Canopy Growth’s cannabis vaporizer from website

Walmart Canada removed a popular medical marijuana vaporizer from its online store last month and now says it has no immediate plans to sell cannabis-related products. The Storz & Bickel Volcano Medic Vaporizer, a product owned by cannabis giant Canopy Growth, was removed from the Walmart.ca website at the end of January. It had been […]

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Wall Street bank: Fears on cannabis commoditization overdone

A New York-based investment bank initiated coverage of the cannabis industry Monday, another sign that Wall Street prudence is catching up to main street excitement over the burgeoning sector. The global marijuana industry has a “base-case conservative” forecast worth roughly $50 billion in the next decade, Jefferies Group said in its initiating report, and a […]

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Major Canadian pension fund loads up on cannabis stocks

One of Canada’s biggest pension managers increased its stake in Canopy Growth and took positions in three more Canadian cannabis companies recently, giving a vote of confidence to long-term investors in the booming industry. The Public Sector Pension Investment Board (PSP) – with 153 billion Canadian dollars ($130 billion) of net assets – disclosed it had purchased […]

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Cannabis giant Canopy cites ‘spreadsheet error’ for under-reporting adjusted EBITDA

Canada’s leading cannabis company, Canopy Growth, was forced to refile its management discussion and analysis (MD&A) with the Canadian Securities Administrators to correct adjusted earnings before interest, tax, depreciation and amortization (EBITDA). The original MD&A stated that the adjusted EBITDA loss for the nine months ended Dec. 31, 2018, was 69 million Canadian dollars (CA$52 […]

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