Tag Archives: finance

A year in the weeds: Why the cannabis industry didn’t take off the way everyone planned

There is no shortage of answers to the question of what went wrong, but one thing seems certain: there is plenty of blame to go around In an outdoor parking lot between a shelter and a Tim Hortons in downtown Ottawa, black market cannabis dealer Jay (not his real name) said he can’t think of […]

Cannabis Canada: Aphria shares soar after posting second-straight quarterly profit

Aphria beats profit expectations, reaffirms guidance of up to $700M in annual revenue Cannabis producer Aphria is becoming something of a rarity in the cannabis space – a profitable company. The Leamington, Ont.-based pot producer reported $16.4 million in net income in the first quarter of fiscal 2020 or seven cents per share for its second straight […]

Cannabis Canada: Monthly pot sales in Canada surpass $100M for the first time

Cannabis retail sales up over 14% in July from prior month: StatsCan  Cannabis retail sales in Canada rose to about $104 million in July, according to Statistics Canada on Friday. It’s the first time that cannabis retail sales surpassed the $100 million mark since the government legalized cannabis in October. Canada’s legal recreational cannabis industry has sold […]

Former Canopy Growth CEO Bruce Linton takes on new cannabis roles as chairman, investor

Formerly ousted Canopy Growth (CGC) co-founder and co-CEO Bruce Linton has landed a smattering of new roles within the cannabis industry. Just months after being pushed out by a Canopy board that had increasingly become controlled by investor and beer conglomerate Constellation Brands, the cannabis pioneer announced Tuesday that he’ll be joining a multitude of smaller […]

Cannabis King: Boris Jordan, Chairman Of Curaleaf, Becomes The Only Pot Billionaire

Topline: Curaleaf chairman Boris Jordan is worth $1.1 billion, according to reporting from Forbes Russia, making him the only billionaire Forbes has identified whose fortune comes from the marijuana industry. Massachusetts-based Curaleaf is the sixth most valuable cannabis company in the world and the largest retailer by market cap in the U.S., according to Cannabis Market Cap.  Jordan owns a […]

Top five cannabis industry scandals

Every industry has its fair share of scandals. Here’s what rocked the pot industry PotNetwork Just the term pot stocks sound awful. It conjures up shady deals by the pump and dump stock jocks. Sadly the stereotype exists in part because it happens in the wild west days of cannabis penny stocks. This past July, […]

Cannabis Canada: Ontario gets set for second pot licence lottery

Ontario cannabis lottery applicants must prove sufficient funds: Lawyer Now Showing6:05Ontario cannabis lottery applicants must prove sufficient funds: … Up Next4:35Bringing big data to Canada’s cannabis industry 3:47Aurora shares rise on rosy revenue forecast Ontario’s second pot licence lottery will go ‘quite smoothly,’ lawyer says Ontario is set to conduct its second lottery for pot […]

A Walk Through The Cannabis Stock Graveyard

As one who has followed the cannabis sector closely for over six years, I have seen lots of ups and downs for its publicly-traded stocks. Investors today have, in my view, the opportunity to own some companies that have bright futures, but that wasn’t so much the case even three years ago, when most retail traders were […]

CannTrust shares tumble after Canadian regulator seizes cannabis

Seizure due to CannTrust’s ‘overall disregard for Health Canada regulations and licensing systems,’ says Harvest Moon Research U.S.-listed shares of CannTrust Holdings Inc. tumbled 19% toward an almost two-year low on Monday, after the Canadian cannabis company said regulators had seized its cannabis after finding it was growing product in unlicensed rooms. Health Canada found […]

‘Canada is done’: Bruce Linton likely to pop up in U.S. cannabis industry following Canopy exit

Bruce Linton is not going gently into that good night. Usually, executives who get fired will go quiet for a while, taking time to repair the damage to their ego and work out what they want to do next. But no one who knows the former co-chief executive officer of Canopy Growth Corp. was surprised […]