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Canopy Growth Sees Modest Sequential Jump in Q4 Revenue
Canopy Growth Posts Qtrly Loss Per Share Of $0.35
Canopy Growth Appoints Judy Schmeling As Chair Of Board Of Directors
Canopy Growth Corp, formerly Tweed Marijuana Inc, is a Canada-based multi-brand cannabis company. The Company, through its subsidiaries Tweed Inc, Bedrocan Canada Inc, Tweed Farms Inc and Mettrum Health Corp is engaged in the business of producing and selling legal marijuana in the Canadian medical market. It is also focusing on producing and selling marijuana in the recreational market in Canada. Its core brands are Tweed and Bedrocan. Tweed is a licensed producer of medical marijuana. Tweed's commercial license covers approximately 168,000 square feet of its Smiths Falls facility and allows Tweed to produce and sell approximately 3,540 kilograms of medical marijuana per year. Tweed's built-out production capacity is over 10 climate controlled indoor growing rooms. Bedrocan is a medical-grade cannabis. Bedrocan's over 52,000 square feet production facility in Toronto, Ontario is licensed, and includes over 30 vegetative and growing rooms, and over three dispensing rooms.
1 Hershey Dr
Judy A. Schmeling
Chairman of the Board
Rade Nikola Kovacevic
David Eric Klein
Chief Executive Officer
Acting Chief Financial Officer
Chief Information Officer
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Canada's biggest cannabis producer, Canopy Growth Corp <WEED.TO>, could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters.
* CEO DAVID KLEIN SAYS WILL DETAIL PATH FORWARD DURING FOURTH QUARTER CALL AFTER COMPLETING HIS ASSESSMENT - CONFERENCE CALL
Canopy Growth Corp reported a smaller-than-expected loss in the third quarter on Friday, as the Canadian cannabis company kept a tight lid on costs, and its share price surged 20%.
Canopy Growth Corp said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and growing expenses that led to a bigger adjusted loss in the quarter.
Canada's main stock index dipped on Monday on weak data from China, though a jump in healthcare stocks led by cannabis producer Canopy Growth limited losses.
Constellation Brands Inc finance head David Klein will take over in January as chief executive officer of pot producer Canopy Growth Corp, hardening up the Corona beer maker's control of a company into which it has sunk $4 billion.
Canopy Growth Corp on Monday named Constellation Brands Inc's Chief Financial Officer David Klein as its Chief Executive Officer, effective Jan. 14.
Canada's main stock index opened lower on Wednesday, as sentiment soured on concerns over political strain between the United States and China, but gains in shares of cannabis producer Canopy Growth Corp limited losses.
Canopy Growth Corp <WEED.TO> <CGC.N> said on Thursday it may miss targets for fourth quarter revenue as regulation slows store openings, adding to signs of weakness in the legal cannabis market and hammering shares across the sector.
Canopy Growth Corp reported a bigger quarterly loss on Thursday, as the Canadian pot producer was hit by restructuring and inventory charges as part of its portfolio review.
Canadian cannabis producer Hexo Corp <HEXO.TO> said on Thursday it cut 200 jobs as it controls costs amid slower than expected store rollouts and as the government delays approval for cannabis derivative products.
Cannabis producer Canopy Growth Corp <WEED.TO> <CGC.N> said on Thursday it appointed top shareholder Constellation Brands Inc's <STZ.N> chief financial officer, David Klein, as chairman of its board.
Cannabis producer Canopy Growth Corp said on Thursday it has appointed Constellation Brands Inc Chief Financial Officer David Klein as the new chair of its board, effective immediately.
Constellation Brands Inc <STZ.N> racked up millions of dollars in losses from its investment in Canadian pot company Canopy Growth, pushing the maker of Corona and Modelo beers into a quarterly loss and sending its shares down as much as 8%.
Canopy Growth Corp <WEED.TO> said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand.
Canopy Growth Corp, Canada's largest cannabis company, reported a bigger quarterly loss on Wednesday, as it took a one-time charge of C$1.2 billion related to the expiry of warrants held by Constellation Brands, which holds a major stake in the company.
Canada's Canopy Growth Corp <WEED.TO> <CGC.N> fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer's largest shareholder expressed disappointment over its loss-making streak.
Canadian cannabis producer Canopy Growth Corp said on Wednesday Bruce Linton will step down as co-chief executive officer, effective immediately.
The biggest of Canada's booming pot growers, Canopy Growth Corp, has further to go on a string of acquisitions that has seen it suck up at least 12 smaller firms in a year, but it is done buying other producers, Chief Executive Officer Bruce Linton said.
Pot producer Canopy Growth Corp reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following Canada's legalization of recreational cannabis.
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