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Last year was supposed to be when the cannabis industry demonstrated to Wall Street that it was deserving of its lofty premium and could become profitable on a recurring basis. Of course, hindsight being what it is, we know that didn't happen. Instead, marijuana stocks actually logged their wor...
During the past trading week (February 10 to 14), another Canadian cannabis player made significant staff cuts as the trend of streamlining continues to sweep across the sector. Aurora Cannabis (NYSE: ACB ,TSX:ACB) revealed a drop in its marijuana production in some middling quarterly result...
CannTrust Announces New CEO and Provides Updates on Remediation Plan and New York Stock Exchange Listing Canada NewsWire VAUGHAN, ON, Feb. 13, 2020 Appoints Greg Guyatt as Chief Executive Officer, with Robert Marcovitch remaining as non-executive Chairman VAUGHAN, O...
Over the last few months, marijuana stocks have seen a shift in the market. These changes contribute to the high level of volatility. With many pot stocks working to expand their business, sometimes companies end up growing too fast to support a large demand. When a business assesses its fi...
To say that there have been big changes in the Canadian cannabis landscape in recent months would be a major understatement. Although Canada was expected to be a global marijuana pioneer given that it was the first industrialized country in the modern era to green-light recreational pot, a numbe...
Cannabis firm Tilray (NASDAQ: TLRY ) has confirmed it will make cuts to its workforce in an attempt to reduce costs following a grueling year for investments in the space. The company, based out of Nanaimo, British Columbia, told media outlets on Tuesday (February 4) that a 10 percent redu...
The past few weeks marijuana stocks have shown themselves to be quite formidable proponents of gains. Many of the leading pot stocks to watch have begun to post solid positive momentum in the face of last year’s adversity. Much of this is due to the psychological shifts that have turn...
Maligned Canadian cannabis producer CannTrust Holdings (NYSE: CTST ,TSX:TRST) is facing a class-action lawsuit update. On Monday (February 3), Henein Hutchison, speaking for a group of Ontario -based law firms, issued a statement claiming that the Ontario Superior Court of Justice has con...
Finally, after a precipitous nine-month downtrend, cannabis stock investors can breathe a sigh of relief. The Horizons Marijuana Life Sciences ETF , which holds close to four dozen marijuana stocks of varied weightings, ended January virtually flat -- and a flat month is practically a victory o...
Source: Author based on company filings. Field of Dreams In March 2019, Hexo (HEXO) announced a $263 million all-stock acquisition of Newstrike Brands . The primary benefits of the deal were three fold: Hexo would gain Newstrike's state-of-the-art cultivation infrastructure and ...
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CannTrust Extends Time to Call Annual General Meeting Canada NewsWire VAUGHAN, ON , July 7, 2022 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted), today announced that the Ontario Superior Court of Justice granted an order ex...
CannTrust Applies to Ontario Court to Extend Time for Annual General Meeting and Provides Update Regarding Strategic Review Canada NewsWire VAUGHAN, ON , June 23, 2022 /CNW/ - CannTrust Holdings Inc. (the "Company" or "CannTrust") (unlisted), minority inv...
CannTrust Announces New Investment Partners, Provides Timeline for CCAA Exit Canada NewsWire VAUGHAN, ON , Feb. 25, 2022 /CNW/ – CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted) today announced that it has secured new investment partners, ...