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How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock
Friday, June 7, 2024 - 5:32pm | 639This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M. The focus is on Canopy Growth (NASDAQ: CGC) and Tilray (NASDAQ: TLRY), both of which recently filed $250M At-The-Market (ATM) equity issuance...
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How Much Do Canadians Spend On Marijuana? A Look At Third Quarter 2023 Sales Data
Friday, December 8, 2023 - 9:52am | 1065Five years into its legalization, the Canadian cannabis market reveals intriguing regional disparities and growth trends, as highlighted in the latest report from cannabis equity research firm Zuanic & Associates. Despite the usual market drivers like affordability, access, and variety, Canada...
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Sheep Ate 600lbs Of Cannabis While Sheltering From A Storm: Here's What They Did Next
Tuesday, September 26, 2023 - 10:20am | 538In a recent incident near the town of Almyros in Thessaly, Greece, a flock of sheep made headlines when they broke into a greenhouse and consumed approximately 600 pounds of medical cannabis. The incident was reported by Newsweek. What Happened The sheep's unusual foray into the world of...
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MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
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Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
Sunday, September 10, 2023 - 12:48pm | 797US legal cannabis sales are predicted to exceed $28 billion in 2023, with promising regulatory developments such as the recommendation to "reschedule" cannabis by the HHS. Canada's cannabis exports have surged to C$160 million, a 50% increase year-on-year, and with new international...
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Canopy Growth, Aurora Cannabis, Cronos Group Leaving US CBD Market: Distressed Asset Opportunity?
Friday, August 25, 2023 - 12:08pm | 475Once bullish on the US hemp-derived CBD market, Canadian cannabis companies like Canopy Growth Corp. (NASDAQ: CGC), Aurora Cannabis Inc. (NASDAQ: ACB), and Cronos Group (NASDAQ: CRON) are now retreating due to oversupply, regulatory ambiguity and the sluggish pace of US federal cannabis...
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Canopy Growth's Strategy To Deleverage Balance Sheet By $437M And Enhance Financial Flexibility
Friday, July 14, 2023 - 3:58pm | 784Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) announced measures to enhance its financial flexibility and reduce its debt. The company has entered into a series of agreements, including redemption agreements with certain holders of its unsecured senior notes and agreements with lenders...
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Acreage Holdings: Analyst Increases Price Target To $1.44 And Remains Neutral
Wednesday, November 9, 2022 - 4:02pm | 669Acreage Holdings, Inc. (OTCQX: ACRDF) reported its financial results on Monday for the third quarter that ended September 30, 2022 (“Q3 2022”). According to Cantor Fitzgerald’s Pablo Zuanic: “We remain Neutral but increase our 12-month price target on Acreage to $1.44 from $...
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Panama Will Be A Pharmaceutical Hub For The Cannabis Industry - And This Event Will Be Fundamental To Its Development
Monday, July 25, 2022 - 11:56am | 965On September 1 and 2, 2022, LATAM CANN.BIZ will be held in Panama. More than 40 experts, executives, medical professionals and political actors meet to discover the opportunities for economic development, investment and scientific advances in the medical and industrial cannabis industry. Enter...
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Canopy Growth's Pet Division Launches SurityPro Line Of CBD Products For Dogs
Thursday, February 4, 2021 - 10:13am | 340Canopy Growth Corp. (TSX: WEED) (NASDAQ: CGC) has introduced a new line of CBD products for dogs. The products, launched under the SurityPro brand name, are meant to maintain calm behavior, healthy aging, as well as joint health, and flexibility in dogs. SurityPro CBD pet products are...
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Seth Rogen's Houseplant Launches THC Beverages In Canada
Thursday, May 21, 2020 - 3:51pm | 207Houseplant, the cannabis brand founded in 2019 by comedian Seth Rogen and screenwriter Evan Goldberg, confirmed Thursday the launch of a new line of THC-infused beverages. The brand, in association with Canopy Growth Corp. (NYSE: CGC), announced that the line’s first product will be...