Canopy Growth Set To Become Cannabis Sector Leader, Says BofA

Friday, 22 May 2020, 19:42:50
Although the Canadian cannabis market has evolved more slowly than expected, Canopy Growth Corp (NYSE: CGC ) has the potential to become a long-term leader in this sector, according to BofA Securities. The Canopy Growth Analyst Bryan Spillane reinstated coverage of Canopy Growth with a Buy rating and CA$30 ($21.61) price target. The Canopy Growth Thesis Canopy Growth’s recent developments, like management changes and “right-sizing” of operations, as well as its strong cash and market share position, make the company a good candidate to become a leader in the cannabis sector, Spillane said in a … Full story available on Benzinga.com
— Benzinga Feeds

CULTIVATED: We’re back! — The rise of cannabis SPACs — Top psychedelics startups

Friday, 22 May 2020, 17:54:00
Welcome back to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it in your inbox every week . If you want a discount to BI Prime to read our stories, sign up here! Welcome back to Cultivated, everyone! I’m really excited to be back in your inboxes and I hope you’re all excited for your weekly rundown of the never boring, always entertaining, and sometimes fascinating cannabis industry. For those of you who aren’t as online as me and probably missed all of my social media posts, I spent the last two months covering New York state’s response to the coronavirus pandemic as it quickly sucked up all the oxygen in the media — and our daily lives. Thankfully, things are slowly stabilizing in New York City. Though we’re not out of the woods yet, cases are down, hospitals are getting back to normal, and the daily death counts are dropping. Let’s hope policymakers and healthcare workers do what they can to ensure those trends continue.
— Business Insider

Here are Friday’s biggest analyst calls of the day: Roku, Canopy Growth, Nvidia & more

Friday, 22 May 2020, 14:13:34
Here are the biggest calls on Wall Street on Friday
— CNBC

Canopy Growth to Webcast Fourth Quarter and Fiscal Year 2020 Earnings Conference Call on May 29, 2020

Friday, 22 May 2020, 11:00:00
Company to host Virtual Investor Meeting on June 22, 2020 SMITHS FALLS, ON, May 22, 2020 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) will release its financial results for the fourth quarter and fiscal year 2020 ended March 31, 2020…
— PR Newswire

Seth Rogen’s Houseplant Launches THC Beverages In Canada

Thursday, 21 May 2020, 19:51:50
Houseplant , the cannabis brand founded in 2019 by comedian Seth Rogen and screenwriter Evan Goldberg, confirmed Thursday the launch of a new line of THC-infused beverages. The brand, in association with Canopy Growth Corp. (NYSE: CGC ), announced that the line’s first product will be introduced as a grapefruit flavored sparkling water … Full story available on Benzinga.com
— Benzinga Feeds