SMITHS FALLS, Ontario – Canopy Growth Corp., a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced that it has made an early prepayment under its senior secured term loan in an aggregate principal amount equal to US$100 million at a discounted price of US$97.5 million. This proactive move, which in addition to reducing the … [Read more...] about Canopy Growth Makes Early Prepayment, Reducing Term Loan by US$100 Million
Canopy Growth
Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale
Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct a court-supervised sale of the brand and its property, the Ontario-based company said Thursday. BioSteel, a popular sports nutrition and hydration brand, obtained an initial order for creditor protection under the Companies’ Creditors Arrangement Act … [Read more...] about Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale
Cannabis company once worth $19 billion is now so beleaguered that an analyst predicts its stock is heading to zero
Canopy Growth's shares have tumbled. Canopy Growth shares were under pressure for a second day as analysts questioned whether the Canadian cannabis grower could reduce it cash burn and turnaround operations. Benchmark slashed its price target on the firm to zero. The stock has dropped 78% this year amid a broader selloff in the increasingly competitive marijuana market and … [Read more...] about Cannabis company once worth $19 billion is now so beleaguered that an analyst predicts its stock is heading to zero
Pot producer Canopy raises going concern doubts, shares tumble
June 23 (Reuters) - Shares of Canada's Canopy Growth (WEED.TO) fell 6.5% on Friday after the pot producer posted a wider quarterly loss over the previous year and raised doubts about the company's ability to continue as a going concern. The Canadian cannabis industry remains challenged by systemic regulatory issues, continued battle with the illicit marijuana market and delays … [Read more...] about Pot producer Canopy raises going concern doubts, shares tumble
