TipsForTraders

US labor market sizzles with blowout job growth, solid wage gains

reuters | February 2, 2024

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in January and wages increased by the most in nearly two years, signs of persistent strength in the labor market that could make it difficult for the Federal Reserve to start cutting interest rates in May as currently envisaged by financial markets. The closely watched…

Mexico’s Weed ‘Nuns’ Want to Take the Plant Back From the Narcos

Cam White | December 28, 2023

By Sarah Kinosian (Reuters) – Beneath each full moon on the outskirts of a village in central Mexico, a group of women in nun habits circle around a roaring fire, cleanse themselves with burned sage, and give thanks for the moon, animals, and plants. Then they inhale deeply from a joint and blow clouds of…

Canopy Growth posts smaller Q1 core loss, reiterates going concern doubts

Cam White | August 10, 2023

By Sourasis Bose (Reuters) -Canopy Growth again raised doubts about its ability to stay afloat as the Canadian pot producer’s loss-making streak continued in the first quarter. Despite a strong start following the legalization of pot in Canada in 2018, the country’s cannabis industry has faced intense competition from cheaper marijuana that is sourced illegally….

Altria-backed cannabis producer Cronos explores sale

Cam White | July 7, 2023

By Anirban Sen NEW YORK (Reuters) -Cronos Group Inc, the Canadian cannabis producer backed by cigarette maker Altria Group Inc, confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after Reuters reported on the talks. Cronos is working with a financial adviser to handle expressions of interest…

Canopy Growth sells California facility amid liquidity worries

Cam White | June 29, 2023

(Reuters) – Pot producer Canopy Growth said on Thursday it has completed the sale of its facility in Modesto, California as a part of its divestitures to raise funding amid liquidity concerns. The sale of the facility was the fifth such deal since April 1 and has generated C$81 million ($61.10 million), the company said….

Trulieve Cannabis Misses Revenue Estimates on Weak Demand

Cam White | May 10, 2023

(Reuters) -Trulieve Cannabis Corp posted a bigger-than-expected fall in first-quarter revenue on Wednesday, as demand for pot and related products weakened amid rising recession fears. Recent banking failures and interest rate hikes have raised fears of the U.S. economy tipping into recession, prompting many customers to cut back on spending, especially on recreational products including…

Canopy Growth sheds 35% of Work Force in Canada

reuters | February 9, 2023

By Ankit Kumar (Reuters) -Canopy Growth Corp said on Thursday it would shed assets in Canada and cut 800 job positions as part of the pot producer’s efforts to reduce costs and turn profitable. Shares of the company, which reported a bigger quarterly loss, plunged 16.6% to C$3.06 at the closing of trade. The company…

MediPharm Labs Receives Australian Licence to Import Drugs

TipsForTraders | January 31, 2020

MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ), a global leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce the receipt of a key importation licence for its Australian business. This licence is a critical step to building the Company’s […]

MinnMed Launches Flavored Oral Spray Cannabis Products

TipsForTraders | January 30, 2020

Minnesota Medical Solutions today announced that the Company has introduced a new product line of flavored oral sprays. MinnMed Oral Sprays will be offered in the most diverse range currently available in Minnesota.

MinnMed is the only licensed cannabis producer in the State […]

Leading Public Cannabis Companies Report Mixed Revenue Growth in January

TipsForTraders | January 30, 2020

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales […]

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