Canopy USA, the American-based holding company of Canadian marijuana operator Canopy Growth Corp., has appointed M. Brooks Jorgensen as the fledgling entity’s first president. Jorgensen, a cannabis and alcohol beverage industry executive with more than 25 years of experience, will focus on driving profitable growth across the United States for Canopy USA, according to a […]
The Daily Hit is a recap of the top financial news stories for Tuesday, December 3, 2024. On the Site With second lease on life, Eaze CEO says Florida key to success Azzalino said Eaze’s upcoming Florida infrastructure investment will be critical to future stability. Read more here. LeafLink projects cannabis market to reach $55 […]
Canadian cannabis producer Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) plans to complete its acquisition of U.S.-based Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) next Monday, finally setting a firm timeline, though the deal’s value has essentially evaporated for some. The transaction will transfer Acreage’s multi-state operations to Canopy USA, LLC, the company’s […]
Holders of Acreage Holdings’ (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) fixed shares will likely get nothing when Canopy Growth’s (TSX: WEED) (Nasdaq: CGC) acquires the U.S. cannabis operator next month, a stark yet unsurprising reversal from the deal’s multi-billion-dollar valuation half a decade ago. A June convertible note offering severely diluted the fixed shares, Acreage […]
Acreage Holdings Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) reported wider losses in the third quarter as the multi-state cannabis operator wrestles with competitive pressures ahead of its planned acquisition by Canopy USA. The New York-based company posted a net loss of $22.2 million for the quarter ending Sept. 30, versus a loss of $7.9 million […]
Canadian cannabis operator Canopy Growth Corp. made an early payment to reduce a loan term by $100 million (roughly 138.5 million Canadian dollars). The prepayment enables Canopy Growth to reduce its debt at a discounted price of $97.5 million and results in annualized interest savings of about $14 million, according to a news release. The […]
