Canopy Growth Launches Vert, A Quebec Cannabis Brand
Wednesday, 14 April 2021, 18:40:01
Canadian cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC ) has introduced its first Quebec-exclusive brand, dubbed Vert. The brand's initial two strains are Green Cush, which is sativa-dominant, and an indica-dominant Sour Kush. They come in dried flower and pre-rolled joint formats. The products are will be sold through the Société Québécoise du Cannabis (SQDC). Kelly Olsen, vice president of global flower business at Canopy … Full story available on Benzinga.com
The Week In Cannabis: Glass House, Canopy, Curaleaf, Trulieve, Virginia And More
Saturday, 10 April 2021, 00:10:12
In a week where overall markets traded up, cannabis stocks were in the red, despite a series of big news, M&A and financing announcements. Special purpose acquisition company Mercer Park Brand Acquisition Corp. (NEO:BRND.A.U) (OTCQX: MRCQF ) will acquire vertically integrated California cannabis operator Glass House Group for $567 million. The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million. Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF ) purchased European operator EMMAC Life Sciences. The U.S.-based company agreed to pay $50 million in cash and 17.5 million in stock — worth roughly $260 million. In addition, Curaleaf teamed up with an institutional investor to secure $130 million in financing for further expansion of Curaleaf International. Meanwhile, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC ) announced it will buy The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF ) for about CA$435 million ($345.7 million).
Canopy Growth to buy rival Supreme Cannabis in major marijuana merger
Thursday, 8 April 2021, 18:22:02
Canada’s Canopy Growth said Thursday it will buy rival Supreme Cannabis for C$323.3 million ($256.85 million), as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. US-listed shares of Canopy rose 1.3 percent to $30.33 after it announced the cash-and-stock deal for Supreme, which owns pot brands including 7ACRES and Blissco. Easing…
— New York Post
Canopy Growth to buy Supreme Cannabis for $256.85 million as pot demand lights up
Thursday, 8 April 2021, 15:20:26
The Bull And Bear Case For Canopy Growth's Stock
Wednesday, 7 April 2021, 01:27:24
Canopy Growth Corporation's (NASDAQ: CGC ) stock is down 45% from its 30-month high of $56.50 made on Feb. 10. Before Feb. 10 the stock had not traded above $53 since October of 2018 when Canada made the move to legalize and regulate the consumption and sale of recreational cannabis. Since then, Canopy Growth has been a frustrating stock for marijuana sector bulls. After President Joe Biden was sworn into office, positive sentiment returned to pot stocks. Traders and investors hope the new administration will move quickly to pass federal cannabis reform measures such as the SAFE Banking Act , which is currently before the U.S. Senate. The Canopy Growth Chart: There is both a bull case and a bear case for … Full story available on Benzinga.com
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