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Latest news coverage of Canadian markets

Bank of Canada delivers half-point emergency rate cut

The Bank of Canada on Friday delivered an emergency rate cut, slashing its main rate by half a percentage point to 0.75%. The move follows a half-p...

KushCo pulls full-year guidance and warns on second-quarter revenue

7073彩票注册KushCo Holdings Inc. said Friday that it expects fiscal second-quarter revenue would sequentially decline 14% to roughly $30 million from the firs...

Tilray stock slides 27% after pricing $90 million equity offering

Tilray Inc. said Friday that it had priced a $90.4 million stock offering at $4.76 a share. Shares of Tilray slid 27% in midday trading Friday. Th...

Bausch Health to reduce debt by $100 million using cash from operations

Bausch Health Cos. Inc. said Friday it will reduce debt by about $100 million using cash from operations. The company, the former Valeant, has bee...

In Canada, Trudeau’s wife tests positive for coronavirus; schools close across U.S. and Europe

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Canada’s Trudeau announces $1 billion in funding for health care workers dealing with coronavirus outbreak

Top U.S. health official recommends playing NBA games without fans

7073彩票注册The National Basketball Association should have games without fans present because of the novel coronavirus, said Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, during a Capitol H...

Canadian cannabis company Canopy Growth completes C$80.5 million loan financing with TerrAscend

Canopy Growth Corp. said Wednesday it has entered a loan financing agreement with TerrAscend Corp. for C$80.5 million ($58.8 million). As part of the deal, TerrAscend has issued 17.8 million warrants to purchase common s...

Stifel initiates cannabis producer Aphria coverage with a hold rating, Hexo with a sell

7073彩票注册Sell-side analysts at Stifel initiated coverage of Aphria Inc. with a hold rating and Hexo Corp. with a sell rating on Tuesday. Stifel analyst W. Andrew Carter writes in the Aphria note that his bank is beginning with a ...

Cannabis stocks tumble along with broader market, Aurora Cannabis down 9%

Cannabis stocks fell sharply Monday, swept up in the broader market rout that was triggered by an oil price war between Saudi Arabia and Russia and the continued spread of the coronavirus. The ETMG Alternative Harvest ETF ...

Cannabis stocks tumble along with broader market, Aurora Cannabis down 9%

7073彩票注册Cannabis stocks fell sharply Monday, swept up in the broader market rout that was triggered by an oil price war between Saudi Arabia and Russia and the continued spread of the coronavirus. The ETMG Alternative Harvest ETF ...

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Canopy Growth shares fall 7% on news of job cuts as cannabis sector sells off

Spin Master shares plummet 34% after weak guidance and stock downgraded

Spin Master Corp. shares plummeted 34.4% in Thursday trading after the toy company gave weak 2020 guidance and was downgraded at D.A. Davidson. Net loss totaled $17.2 million, or 17 cents per share, after earnings of $11....

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Coronavirus and cannabis: Vape supply is a concern due to China shutdown

Marijuana producer Canopy Growth cuts 500 jobs, shuts down facilities

Canopy Growth Corp. said late Wednesday that it was shutting down two of its cannabis-production facilities in British Columbia, and eliminating roughly 500 related jobs. Canopy also said that it no longer planned to begi...

Bank of Canada slashes key rate by half point in response to COVID-19 threat

The Bank of Canada on Wednesday cut its benchmark lending rate by half a percentage point to 1.25% at its regularly scheduled policy meeting, following a half-point cut by the U.S. Federal Reserve a day earlier. "While Can...

OrganiGram CFO De Luca to be chief strategy officer, board member West to be CFO

OrganiGram Holdings Inc. said Wednesday it named current Chief Financial Officer Paolo De Luca as its chief strategy officer, while current board member Derrick West will join the company as CFO, effective immediately. De...

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Tilray slides 14% to pressure broader cannabis sector after earnings disappoint

Cresco Labs says President Joe Caltabiano is resigning with immediate effect

7073彩票注册Cresco Labs Inc. said Tuesday its president, Joe Caltabiano, is resigning with immediate effect. The Chicago-based cannabis company said Caltabiano's management duties will be taken up by Chief Executive and co-Founder Ch...

Cronos unable to complete annual report due to internal review

Cronos Group Inc. said late Monday that it was unable to complete its financial statements for fiscal 2019 because of an ongoing review by an internal audit committee, outside lawyers and forensic accountants, according t...

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