Will $2 billion merger of Cresco and Columbia Care reach the finish line? Analysts see ‘market doubt’ for cannabis deal.

Cresco Labs Inc. and Columbia Care Inc. investors have signaled that a major merger in the cannabis space may be struggling to reach the finish line, analysts said. In March 2022, Cresco Labs CRLBF, +...

Curaleaf cutting 10% of staff as it exits three U.S. states

This story has been updated to provide correct figures for the number of states Curaleaf operates in; also the number of total employees at the company. Curaleaf said Thursday it has reduced its staff...

Singapore’s Finamatrix Tokenizes Crude Algae Oil With Leading Algae Cultivation Technologies: Global Access to Green Gold

SINGAPORE–(BUSINESS WIRE)–$FIX #finamatrix–Finamatrix, the #1 NAS100 risk-tech database, has tokenized Crude Algae Oil (CAO) for global access to tackle climate change. Utilizing its proprietary datab...

Bernstein launches coverage of Canada’s Tilray, Cronos and Canopy Growth but stops short of any buy ratings

Sanford C. Bernstein & Co. analyst Nadine Sarwat initiated coverage of three Canadian cannabis stocks on Wednesday but stopped short of any buy recommendations at current levels. “Is the buzz gone...

These cannabis stocks could benefit from adult-use cannabis legalization in Germany

While it’s too early to predict winners and losers among U.S. and Canadian cannabis companies, some of these players are expected to see a boost in sales as Germany moves toward nationwide legalizatio...

Sundial Growers to seek shareholder approval for share consolidation

Sundial Growers Inc. SNDL, +3.43% said it planned to seek shareholder approval for a share consolidation at an upcoming annual and special meeting of shareholders on July 21. The cannabis company said...

Canopy Growth Stock Is Falling as Earnings Disappoint Wall Street

Text size Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Chris Roussakis/Bloomberg Canopy Growth stock is plummeting ...

Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock

Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...

Aurora Cannabis to acquire TerraFarma, parent of Thrive Cannabis

Aurora Cannabis Inc. ACB, -1.37% ACB, -2.40% has reached a deal to buy Thrive Cannabis’ parent company, TerraFarma Inc., seeking to strengthen its business in market and expand focus on premium produc...

Cannabis Mega-Merger: Cresco Is Buying Columbia Care

Text size Marijuana products are displayed at the Cresco Labs Sunnyside Lakeview dispensary in Chicago. Daniel Acker/Bloomberg Cresco Labs reached an agreement to acquire Columbia Care, a fellow Canad...

Aurora Cannabis stock gains after first beat on pot sales in more than a year

Aurora Cannabis Inc. shares gained in late trading Thursday, after the Canadian pot producer beat sales expectations for the first time in more than a year. Aurora ACB, -1.08% ACB, -1.02% reported a f...

Canopy Growth Stock Jumps After Earnings, Despite Slowing Marijuana Sales

Text size Marijuana plants at a Canopy Growth facility in Ontario. Chris Roussakis/Bloomberg Canopy Growth‘s shares were jumping Wednesday after the Canadian cannabis company reported higher-than-expe...

Tilray posts narrower loss as revenue rises

Tilray Inc. shares on Monday gained back some of their losses in recent weeks after the Canadian cannabis producer posted a narrow loss and played up its prospects for European and beverage expansion....

Tilray expected to grow sales sequentially but remain in the red

Tilray Inc. will likely grow its sales over the previous quarter but it’s expected to post a net loss when it becomes the first major cannabis company to post quarterly results in 2022 on Monday. Tilr...