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, +...
Tag: marijuana growing
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...
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...
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...
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....
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...