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Canopy Growth Wraps Up Acreage Acquisition Expanding US Cannabis Portfolio, What Investors Need To Know
Monday, December 9, 2024 - 10:53am | 673Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) said on Monday that it has fully acquired Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX: ACRHF, ACRDF) via Canopy USA, LLC, its US-domiciled holding company. Canopy USA, created in 2022 to streamline the Canadian cannabis giant’s entry...
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Canopy USA's Acquisition Of Acreage Could Mean Staggering Losses For Some Shareholders
Tuesday, November 26, 2024 - 1:46pm | 884Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX:ACRHF, ACRDF)) said it anticipates that Canopy USA, LLC –Canopy Growth Corporation‘s (TSX:WEED) (NASDAQ:CGC) strategy for capturing the U.S. cannabis market will complete its acquisition of Acreage by mid-December, 2024. The move could leave...
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Canopy Growth Names New CEO Who Will Succeed David Klein Amid US Expansion
Tuesday, November 26, 2024 - 10:16am | 718Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Tuesday that its board of directors has named Luc Mongeau as the company's next chief executive officer, effective Jan. 6, 2025. Mongeau, a CPG veteran and board member at the Canadian cannabis giant, succeeds CEO David Klein, who...
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The U.S. Cannabis Strategy No One's Talking About: Inside Canopy's $300M Plan
Wednesday, November 20, 2024 - 6:50pm | 928Canopy Growth Corporation‘s (NASDAQ:CGC) strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates. CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its...
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Canopy Growth: Q2 Net Revenue Drops 9% YoY, Projects Positive Earnings Ahead
Friday, November 8, 2024 - 9:59am | 712Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced its financial results on Friday for the second quarter of fiscal 2025, which ended Sept. 30, 2024. The Canadian cannabis giant reported a 9% year-over-year decrease in net revenue to CA$63 million ($45.4 million). Canopy said excluding net...
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Canopy Growth And Other Top Cannabis Companies To Report Earnings: Will Results Get Pot Stocks On Track Following Post-Election Dip?
Wednesday, November 6, 2024 - 12:47pm | 1089U.S.-focused cannabis stocks and ETFs may have taken a dip in pre-market trading on Wednesday in response to 2024 U.S. election outcomes. However, with earnings season gearing up it remains to be seen whether the latest earnings reports would get stocks back on track. Canopy Growth Canopy Growth...
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Cannabis Giant Canopy Expands US Presence With Acquisition Of Top Edibles Brand: What It Means For Investors
Wednesday, October 9, 2024 - 9:42am | 624Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Wednesday that Canopy USA, LLC has completed its acquisition of Wana. The deal includes Wana Wellness, LLC, The CIMA Group, LLC, and Mountain High Products, LLC. The top edibles brand, Wana, generated roughly $150 million in retail...
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CEO Shake-Ups At Canopy, Curaleaf And Recent Top Exec And Board Changes In Cannabis And Psychedelics
Wednesday, August 21, 2024 - 10:35am | 1561Experienced Regulators Depart From New York OCM In late July, nearly three months after New York Governor Kathy Hochul fired Chris Alexander, the former head of the state's Office of Cannabis Management (OCM), following an internal review, a series of high-level departures made headlines. According...
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Canopy Growth CEO Departure Leaves Nasdaq-Listed Company Poised For Profit Surge - What Investors Need To Know
Friday, August 16, 2024 - 11:43am | 439Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Friday that CEO David Klein will retire at the end of the company's fiscal year - March 31, 2025. Klein, who has led the company since January 2020, will remain in his role until a successor is named. The Board of...
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Head Of Canadian Cannabis Giant Canopy Growth To Retire At The End Of This FY
Friday, August 16, 2024 - 9:27am | 505Cannabis company Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Friday that CEO David Klein will retire after the company’s current fiscal year ending March 31, 2025. Klein agreed to continue to serve in his role as CEO and as a member of the company’s board of directors...
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Canopy Growth And Other Hot Cannabis Stocks Will Soon Report Earnings, What Investors Need To Know Now
Friday, July 26, 2024 - 10:16am | 1305Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) will release its financial results for the first quarter of fiscal year 2025 ended June 30, 2024, before financial markets open on August 9, 2024. An audio webcast with David Klein, CEO and Judy Hong, CFO will take place on August 9, at 10 am...
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Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options
Tuesday, June 4, 2024 - 12:51pm | 762Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX:ACRHF, ACRDF)), has been exercised. What Happened The latest move is by...
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Canopy Growth Reports 7% YoY Increase In Q4 Net Revenue, Continues Focus On Innovation In Canada And International Expansion
Thursday, May 30, 2024 - 8:55am | 843Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced its financial results on Thursday for the fourth quarter and fiscal year ended March 31, 2024. Fourth quarter net revenue for the company's subsidiary Storz & Bickel which manufactures high-end and medically certified cannabis...
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Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
Tuesday, May 7, 2024 - 10:20am | 652The Ontario-based cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced Tuesday it has officially exercised its options to acquire Wana and Jetty, marking a significant advance in its strategy to become a dominant player in the U.S. cannabis market. Why It Matters In addition...
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Canopy Growth Announces Financing Deal Including Roughly $50M Of New Gross Proceeds
Friday, May 3, 2024 - 9:31am | 630Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) has entered into an exchange and subscription agreement with a single institutional investor under which the Ontario-based company is expected to receive gross proceeds of roughly $50 million and exchange approximately CA$27.5 million ($20 million...