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Canopy Growth was once the top stock to own in cannabis. Bulls previously cited the large $4 billion cash hoard as a reason to buy: the company now has a net debt position. The company continues to burn cash and its poor cannabis margins are concerning. Ontario retail stores h...
The trend is clear: Americans increasingly support the eventual full national legalization of marijuana. It’s not really even debatable at this point, and the only thing holding it back is legislative obstacles that appear to be teetering and soon to fall in the course of time. At this...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Canopy Growth Corporation (NASDAQ: CGC ) stock is losing luster on Wall Street due to its inability to deliver profits over the last two years. CGC stock momentarily zoomed on the hope of full legalization of cannabis...
Shares of Tilray (TLRY) have lost 40% of their value over the past 30 days, despite recent signs of progress towards the federal legalization of cannabis in the US. Is now a good time to buy? Weed stocks have been volatile for months, bobbing up and down with the news flow on Congressional ef...
It can be nerve-wracking to buy a crashing stock -- no one wants to see their portfolio incur losses. But if you're willing to buy and hold for several years, then the payoff could be worth it in the end. Three stocks that I'm watching closely right now that have the potential to soar i...
The shares of cannabis player, Sundial Growers (NASDAQ:SNDL) are on the rise in the pre-market Thursday after the company reported better than expected financials for 4Q 2021. Its Canadian rivals Tilray (TLRY) and Canopy Growth (CGC) are also trading higher in solidarity. Net revenue for the ...
The definition of “penny stocks” includes shares of companies trading below $5, and there are quite a few in 2022. It’s funny to think that at one point in 2021, low-priced stocks were hard to come by unless you were looking at OTC penny stocks . But with the stock ...
After the market closed on Tuesday, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC ) announced that it was undertaking a series of initiatives to reduce costs and drive efficiency in order to accelerate its path to profitability. Canopy Growth management said i...
Canopy Growth (NASDAQ:CGC) said Tuesday it will carry out a series of initiatives to reduce costs and drive efficiency to accelerate its path to profitability. CGC will reduce cost of goods sold (COGS) in its Canadian cannabis business by lowering per-gram cultivation costs through increased ...
Canopy Growth Announces Cost Reduction Actions to Accelerate Path to Profitability Canada NewsWire Strategic adjustments are expected to generate savings of $100 – $150 million within 12 – 18 months SMITHS FALLS, ON , April 26, 2...
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Tuesday's announcement that the DEA is moving towards rescheduling cannabis from Schedule I to Schedule III, has already injecte...
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) fell sharply during Wednesday's session as the company reported first-quarter results and ...
Cannabis stocks Canopy Growth Corporation (NASDAQ:CGC), Aurora Cannabis, Inc. (NASDAQ:ACB) and Tilray Brands, Inc. (NASDAQ:TLRY) shares are trading...