CGC Stock Tanks on Job Cut, Closes 2 Cultivation Facilities
In a development that should raise alarms in the cannabis industry, Canadian cannabis giant Canopy Growth (TSX:WEED) (NYSE:CGC) announced late on Wednesday that it is going to shut 3 million square feet of its greenhouses ... [Read]
Cronos Stock Pops on Renewed Optimism After Delayed Earnings
Cronos stock is soaring today after analysts at MKM Partners upgraded Cronos Group (TSX:CRON) (NASDAQ:CRON) from 'neutral' to 'buy', despite the company delaying the release of its earnings report last week. Earnings Delay Cronos Group ... [Read]
Will CannTrust Stock Be Able to Regain Compliance with the NYSE?
CannTrust stock continues to trade weakly this week after CannTrust Holdings (TSX:TRST) (NYSE:CTST) got a notice from the New York Stock Exchange on Friday. Non-Compliant Reminder Canadian cannabis producer CannTrust has been in all sorts ... [Read]
Aurora Stock Continues to Hit New Lows Amid Growing Pessimism
Over the past few years, a handful of companies have emerged that had the potential to end up being one of the leaders of the cannabis industry and Aurora Cannabis (TSX:ACB) (NYSE:ACB) was one of ... [Read]
CGC Stock Drops Despite Agreeing to Israeli Medical Deal
CGC stock is in the red today despite an announcement that Canopy Growth (TSX:WEED) (NYSE:CGC) had entered into a memorandum of understanding with Israeli firm Univo Pharmaceuticals for the sale, production, and marketing of medical ... [Read]
Aphria Stock Could Gain Momentum on Soaring German Demand
After a disastrous 2019, which saw Aphria stock fall by more than half, soaring demand in the German market could be a catalyst for growth for the troubled pot stock. Earnings Disappointment It's been over ... [Read]
Cresco Stock Tanks as President Leaves the Company
Cresco stock tanked this morning after Cresco Labs Inc (CSE:CL) (OTCQX:CRLBF) said that the company's President, Joe Caltabiano, is leaving the cannabis firm. Major Setback A lot is happening at the executive level of many ... [Read]
Curaleaf Stock Falls After Acquiring BlueKudu for Undisclosed Amount
Curaleaf stock is trading lower on Monday after Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) announced the acquisition of BlueKudu for an undisclosed amount. Major Details The company announced today that it is all set to acquire BlueKudu, ... [Read]
Is Charlotte’s Web Stock a Good Bounce Back Play?
Charlotte's Web stock is trading near all-time lows after underperforming over the past year. Charlotte's Web Holdings (TSX:CWEB) (OTCQX:CWBHF) is already down by more than 20% this year, having lost more than 30% in market ... [Read]
Cresco Stock Drops Despite Opening First New York Sunnyside Stores
Cresco stock is in the red today despite Cresco Labs Inc (CSE:CL) (OTCQX:CRLBF) announcing the opening of its first four dispensaries in New York under the Sunnyside brand. First East Coast Stores The stores in ... [Read]