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Cannabis company Canopy Growth says Ontario court has approved sale of BioSteel business
BioSteel water bottles are seen during the opening day of the Vancouver Canucks NHL hockey training camp, in Victoria, Thursday, Sept. 21, 2023. Canopy Growth Corp. says an Ontario court has approved the sale of its BioSteel sports drink business in a pair of deals. THE CANADIAN PRESS/Darryl Dyck
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BioSteel files for bankruptcy protection, parent company Canopy Growth looking for new buyer
Canopy Growth Corp. says it has obtained creditor protection for its BioSteel Sports Nutrition Inc. and intends to seek permission to sell the company. BioSteel sports drink logo is shown in Toronto on Tuesday, August 4, 2015. THE CANADIAN PRESS/J.P. Moczulski
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Canopy Growth sells headquarters building back to Hershey in $53-million deal
<br style="font-style: normal; box-sizing: inherit; color: rgb(29, 28, 29); font-family: Slack-Lato, Slack-Fractions, appleLogo, sans-serif; font-size: 15px; font-variant-ligatures: common-ligatures; orphans: 2; widows: 2; background-color: rgb(248, 248, 248); text-decoration-thickness: initial;">Canopy Growth Corp. says it has signed a deal to sell its facility in Smiths Falls, Ont., that was once home to a Hershey chocolate factory back to the chocolate maker.&nbsp;Staff work in a marijuana grow room at the facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy stock falls 40 per cent after cannabis company dilutes shares in debt-restructuring plan
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth appoints new auditor after KPMG steps down
Cannabis plants at Canopy Growth's Tweed facility in Smiths Falls, Ont., are photographed on Sept 18 2018. *** FOR IAN BROWN STORY ***
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Analysts question Canopy Growth’s viability as it reveals new financial problems
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth reports $648-million net loss in fourth-quarter as it parts way with BioSteel staff
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy to refile some past financial results after finding BioSteel ‘material misstatements’
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo
style
Fashion and beauty news: No logo fashion, retailers committed to change and Veronica Beard’s Canadian opening
Photograph by Peter Kramer/HBO Brian Cox HBO Succession Season 2 - Episode 6
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Canopy Growth’s downsizing leaves Smiths Falls, a once-booming Ontario town, in limbo
Workers heading back to work at Canopy Growth’s Tweed facility in Smiths Falls, Ont. are photographed on Feb 13, 2023. Fred Lum/The Globe and Mail. The cannabis company has laid off workers and will eventually go down to a workforce of around 350 employees. Operating out of the former Hershey chocolate factory the cannabis company was hoped to be an economy booster for the eastern Ontario town.
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Canopy Growth’s boom and bust: A timeline
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growths Tweed facility in Smiths Falls, Ontario on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth announces plan to lay off 800 workers, close and consolidate some sites in bid to cut costs
Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont., Thursday, Aug. 23, 2018. Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. THE CANADIAN PRESS/Sean Kilpatrick
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OSC accuses Cormark Securities of abusive short selling
The doors to the Ontario Securities Commission hearing rooms in Toronto on December 12, 2019. (Melissa Tait / The Globe and Mail)
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Canopy Growth CEO says he is hopeful for cannabis reforms after U.S. midterm elections
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo
inside the market
Have pot stocks become a good contrarian bet? The Contra Guys have some answers
FILE PHOTO: Cannabis plants grow inside the Tilray factory hothouse in Cantanhede, Portugal April 24, 2019. REUTERS/Rafael Marchante/File Photo
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Cannabis producer Canopy Growth looks to grow U.S. business with new holding company structure
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo/File Photo
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Canopy Growth, Cointreau settle lawsuit over Quatreau beverage line
Canopy Growth Corp.'s cannabidiol waters "Quatreau" are shown in a handout photo. The company and its U.S. subsidiary have settled a trademark violations lawsuit orange liqueur company Cointreau Corp. was pursuing against the cannabis firms. THE CANADIAN PRESS/HO-Canopy Growth **MANDATORY CREDIT**
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Air Canada losses, pension boosts and real estate trends: The business and investing stories you need to know about this week
An Air Canada jet takes off from Trudeau Airport in Montreal, Thursday, June 30, 2022. Air Canada is cutting more than 15 per cent of its scheduled flights in July and August as airports face lengthy delays and cancellations amid an overwhelming travel resurgence. THE CANADIAN PRESS/Graham Hughes
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Canopy Growth, once Canada’s cannabis star, reports $2.1-billion loss after major writedown
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth facility in Smiths Falls, Ont., Thursday, Aug. 23, 2018. Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. THE CANADIAN PRESS/Sean Kilpatrick
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How Canopy Growth, the star of Canada’s cannabis dreams, fell from grace
Bruce Linton, Founder, Chairman and co-ceo of Canopy Growth, is photographed in the company's Tweed cannabis facility in Smiths Falls, Ont., on Sept 21 2018. *** FOR IAN BROWN STORY ***
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Canopy Growth’s debt plan fails to sway analysts’ sell ratings
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at Canopy Growth's Tweed facility in Smiths Falls, Ont., on Thursday, Aug. 23, 2018. THE CANADIAN PRESS/Sean Kilpatrick
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Cannabis company Canopy Growth to exchange $255.4-million in notes for shares and cash
Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. Canopy Growth Corp. reported a smaller quarterly loss compared with a year ago as its net revenue fell 25 per cent.THE CANADIAN PRESS/Sean Kilpatrick
inside the market
Thursday’s small-cap stocks to watch
New Flyer Industries Inc.'s Xcelsior CHARGE zero-emission, battery-electric bus. HANDOUT (MARCH 2018).
inside the market
What bargain hunters should know before dipping into the pummeled cannabis sector
Cannabis plants grow inside a facility in Ontario, Tuesday, April 13, 2021. Alberta’s cannabis regulator sent a warning to pot retailers and suppliers after receiving complaints about agreements requiring marijuana producers to purchase sales data in exchange for shops carrying their products. THE CANADIAN PRESS/Tara Walton
inside the market
Monday’s analyst upgrades and downgrades
FILE PHOTO: FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo/File Photo
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Canopy Growth’s fourth-quarter net revenue down 25% from year ago
Staff work in a marijuana grow room at Canopy Growth's Tweed facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. Canopy Growth Corp. says it will layoff more than 200 workers as part of a new cost reduction strategy that will make cannabis cultivation more affordable and uncover supply chain efficiencies. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth shares plan to acquire California’s Jetty Extracts
Workers produce medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. A defunct subsidiary of Canopy Growth Corp. is fighting a court battle against the Canada Revenue Agency, which fined the pot company almost half-a-million dollars for allegedly growing cannabis on a Saskatchewan farm before receiving a licence. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth laying off 250 staff in plan to cut up to $150-million in costs
Workers produce medical marijuana at Canopy Growth Corporation's Tweed facility in Smiths Falls, Ont., on Monday, Feb. 12, 2018. A defunct subsidiary of Canopy Growth Corp. is fighting a court battle against the Canada Revenue Agency, which fined the pot company almost half-a-million dollars for allegedly growing cannabis on a Saskatchewan farm before receiving a licence. THE CANADIAN PRESS/Sean Kilpatrick
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Canopy Growth shrinks losses on cost-saving moves, cuts spending plan
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo
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Cannabis giant Canopy Growth Corp. replacing two top executives after disappointing earnings
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Cannabis giants fail to lift sales even after big buying spree
A Hexo Corp. employee examines cannabis plants in one of the company's greenhouses, seen during a tour of the facility, Thursday, October 11, 2018 in Masson Angers, Que. THE CANADIAN PRESS/Adrian Wyld
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Canopy Growth reports $16.3-million second-quarter loss, pushes back profitability target
FILE PHOTO: FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo/File Photo
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Canopy Growth eyes U.S. cannabis market with deal to buy edibles company Wana Brands
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo
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Despite layoffs and losses, cannabis CEOs awarded millions in bonuses
FILE PHOTO: Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019. REUTERS/Blair Gable/File Photo
canada
Two hundred leaders sign letter seeking protection for B.C.’s old-growth forests
Protesters to old-growth logging used a 1200-year-old slice of a tree to block an entrance in the west wing where British Columbia Premier John Horgan's office is located in the legislature in Victoria on Monday, Oct. 4, 2021. THE CANADIAN PRESS/Chad Hipolito
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Cannabis producer Canopy Growth enters U.S. vape market
FILE PHOTO: A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie//File Photo