Cannabis producer Hexo Corp. will shut down several facilities it operates near Niagara Falls, Ontario, as a result of 200 layoffs it announced Thursday, according to people familiar with the matter. Hexo HEXO, -6.32% HEXO, -5.70% did not respond to phone and email requests for comment. It was not immediatelyRead More →
GW Pharmaceuticals PLC reported Tuesday afternoon that sales of its cannabis-derived epilepsy drug more than doubled from the previous quarter, sending shares spiking more than 11% higher in after-hours trading. GW Pharmaceuticals GWPH, -1.49% reported second-quarter sales of $68.4 million for Epidiolex, which uses cannabidiol, a compound present in cannabisRead More →
Organigram Holdings Inc. is expected to report fiscal third-quarter earnings Monday before the opening bell. The company says it will host a conference call at 8 a.m. Eastern time. What to expect Earnings: On average, analysts polled by FactSet expect Organigram Holdings Inc. to report earnings of C$0.03 a share,Read More →
TORONTO — Aurora Cannabis Inc. is one of only two major Canadian cannabis companies with a market value of more than $1.5 billion that has yet to ink a partnership or investment deal with a major U.S. company, but that’s because a rich American advised executives not to do it.Read More →
Canopy Growth Corp. is not outright acquiring Acreage Holdings Inc., as reports said Wednesday, but it is preparing to pay billions for the rights to buy the U.S.-based pot company. A source familiar with the negotiations confirmed Wednesday afternoon that a Canopy Growth CGC, +2.81% WEED, +2.81% deal with AcreageRead More →
One pesky stamp has become the symbol of a continuing problem in Canada: Pot producers struggling to get enough cannabis to market, at least in the ways that buyers want it. Pot producers had to scramble to apply the required excise-tax stamps with no glue as legalization kicked off lastRead More →
