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Tilray to close Leamington cannabis greenhouse operation

WINDSOR, ONT. -- A licenced cannabis greenhouse in Leamington, employing about 120 people will be shutting down operations over the next six weeks. Tilray, Inc. the owner of High Park Gardens announced Wednesday it would be closing its Leamington...

May 29, 2020

COVID-19's Surprising Impact on Cannabis Sales

A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security...

May 29, 2020

Legal cannabis contributes CA$2.3 billion to crop receipts in Canada

A growing cannabis industry helped push positive growth in Canada's realized net farm income in 2019, according to new data from Statistics Canada. Canada's national data bureau defines realized net farm income as "the difference between a farmer...

May 29, 2020

Canopy Growth Stock Tanks Over 18% on Weak Q4 Earnings

Today, Canopy Growth (NYSE:CGC)(TSE:WEED) reported its results for the fourth quarter of fiscal 2020. For the quarter, which ended on March 31, the company reported revenues of 107.9 million Canadian dollars. The revenues fell 16.2% short of analy...

May 29, 2020

Dow treads water as investors monitor reopening efforts

U.S. stocks were trading on either side of unchanged Tuesday as investors monitored efforts to reopen the economy and weighed data showing that consumer prices dropped precipitously in April. What are major indexes doing? The Dow Jones Industria...

May 27, 2020

Canopy Growth says two top executives have left the cannabis firm

SMITHS FALLS, Ont. -- Canopy Growth Corp. says two of its top executives have left the company. The Smiths Falls, Ont.,-based cannabis company says chief operating officer Andre Fernandez and chief commercial officer Dave Bigioni have departed fr...

May 27, 2020

How GW Pharmaceuticals Hit a Home Run in Q1

Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits mana...

May 27, 2020

OrganiGram: No Relief In Sight (NASDAQ:OGI)

Our outlook for the Canadian cannabis sector remains cautious due to oversupply, price compression, and a lack of access to capital. Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most imp...

May 27, 2020

GW Pharmaceuticals Stock Rises on Higher Epidiolex Sales

On Monday, GW Pharmaceuticals (NASDAQ:GWPH) reported its first-quarter earnings, which ended on March 31. For the quarter, the company beat analysts' revenue, EBITDA, and EPS expectations. The company posted revenues of $120.6 million, which beat ...

May 26, 2020

Tilray's CEO Expects at Least a Dozen Cannabis Bankruptcies in 2020 -- Is He Right?

COVID-19 could be what seals the fates of many pot stocks this year. There's a lot of doom and gloom in the cannabis industry. It's hard to avoid when even the Horizons Marijuana Life Sciences ETF (OTC:HMLSF) has crashed 65% in the past year. Man...

May 26, 2020

Will The SAFE Banking Act Pass As Part Of Coroanvirus Legislation?

Republican backlash over the SAFE Banking Act questions whether the legislation has any chance of passing. The cannabis industry applauded this week as federal lawmakers added provisions in the latest round of coronavirus aid aimed at marijuana c...

May 24, 2020

LivWell continues Colorado expansion, buys marijuana retail chain Mindful

Colorado-based LivWell Enlightened Health continued its acquisition spree this month with the purchase of competing retail chain Mindful, which owns five cannabis stores in the state. Financial terms of the acquisition were not disclosed. In Apr...

May 23, 2020