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  • Prices Are Declining as Cannabis Market Struggles

    10:39am By Staff
    Republished with permission from Thinknum Alternative Data by Joshua Fruhlinger The blooming weed industry promised massive revenues, a nascent agrarian industry, a booming supply chain, and soaring local taxes. While it has delivered on all of those things in…
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  • Canopy Rivers Stock Falls As Income Drops

    9:34am By Staff
    Canadian-based venture capital firm Canopy Rivers Inc. (TSX: RIV)(OTC: CNPOF) reported that it generated operating income of $930 thousand in Canadian dollars versus last year’s $23 million for the same time period. The company also delivered a net loss of…
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  • Canopy Growth Stock Falls On Earnings Miss, Restructuring Charges

    9:10am By Debra Borchardt
    Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) fell over 9% on news that the company’s second-quarter earnings missed analysts’ estimates. The Canadian-based cannabis company reported (in Canadian dollars) gross revenue of $118 million, a 6% increase…
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  • The Daily Hit: November 13, 2019

    Wed 6:13pm By Kaitlin Domangue
    Its time for your Daily Hit of cannabis financial news for November 13th, 2019. On the Site First Israeli Cannabis Company Lists on the CSE IM Cannabis Corp became the first Israeli medical cannabis operator to list its shares in Canada. It now trades under…
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  • First Israeli Cannabis Company Lists on the CSE

    Wed 10:43am By Kaitlin Domangue
    IM Cannabis Corp became the first Israeli medical cannabis operator to list its shares in Canada. It now trades under the ticker “IMCC” on the Canadian Securities Exchange. This listing follows Israeli-based IMC Holdings Ltd’s recent reverse takeover of…
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  • Acreage Holdings Reports Revenue of $22 Million, Net Losses of $39 Million

    Wed 10:39am By Debra Borchardt
    Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) reported third-quarter revenue of $22.4 million, a 307% increase over last year’s $5.5 million for the same period in 2018. The company also reported a net loss of $39.9 million versus last year’s net…
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  • Charlotte’s Web Lowers Guidance As Expenses Skyrocket

    Wed 9:09am By Debra Borchardt
    Charlotte’s Web Holdings, Inc. (TSX: CWEB)(OTCQX: CWBHF)  reported that its revenue rose 41.8% to $25.1 million in the third quarter that ended September 30, 2019, versus $17.7 million for the same period in 2018. Still, the company delivered a net loss of…
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  • Executive Spotlight: Carrie Solomon

    Wed 8:17am By Staff
    Full name: Carrie Solomon Title: CEO Company: Greater Goods (The Initiative is the world’s first accelerator program specifically for women cannabis entrepreneurs and executives and Greater Goods was one of the companies first to complete the program.)…
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  • Tilray Reports Rising Sales, Rising Losses

    Tue 4:45pm By Debra Borchardt
    Canadian-based Tilray, Inc. (Nasdaq: TLRY) reported that second-quarter revenue increased 371.1% to $45.9 (C$60.9) million versus last year’s $9.7 million. Tilray said that the increase in revenue was driven by the Manitoba Harvest acquisition, the…
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  • Organigram Stock Pummeled After Company Slashes Guidance

    Tue 9:26am By Debra Borchardt
    Organigram Holdings Inc. (NYSE: OGI) saw its stock plunged by almost 20% after the company slashed its guidance for the fiscal fourth quarter that ended in August after the market close on Monday. The stock was lately trading $2.74. The company said it will…
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