Business

Analysts have been bullish on the U.K. drugmaker raising estimates and price targets after its second-quarter sales easily surpassed expectations.

The new cannabis store will be called Weden Santa Ana, serving as the flagship for the California-based company's Weden brand while also advancing its business-to-consumer strategy.

The California-based pot retailer will provide a same-day home delivery service and offer more than 400 products across the state, which is considered the largest legal cannabis market.

Shares of the Colorado-based CBD company slumped after it posted a decline in profit, as investors appear to be worried about how long it will take for the FDA to issue its CBD rules.

Shares of Canopy sunk to their lowest level this year, as the Ontario-based cannabis giant saw pot sales decline in Canada for the third straight quarter while losses continue to pile.

Acreage shares fell 10 per cent after it posted a second-quarter loss of US$33.9 million, but the American pot firm said it plans to open up pot shops under Canopy's brands across the U.S.

Shares of the B.C.-based pot producer tumbled after it posted a wider-than-expected loss for the second quarter and despite revenues nearly doubling from the last quarter.

While investors brace for cannabis companies to post quarterly losses, the Barrie, Ont.-based pot extractor reported a second-quarter profit ahead of the launch of Cannabis 2.0 products.

In previous years greenhouse operator Village Farms mainly grew tomatoes, but now the Vancouver-based company cannabis joint venture is helping it turn bigger quarterly profits.

As the cannabis industry reaches the heart of earnings season, investors are looking for profits and weren't impressed with Cronos CEO's second-half spending projections in its Q2 report.

Problems continue to mount for CannTrust after it revealed Health Canada found several new regulatory breaches at the cannabis company's Vaughan, Ont. manufacturing facility.

Shares in CannTrust swung wildly on Friday after the embattled pot producer revealed its outside auditor was withdrawing its year-end and first-quarter reports.

The Columbus-based CBD retailer will have 105 of its Seventh Sense shops open in malls across the U.S. by Aug. 8.

Shares of Aurora rose after the Edmonton-based pot company estimated its fourth quarter production available for sale could reach 30,000 kilograms, up 5,000 kilograms from its previous guidance report.

America's No. 1 selling iced tea brand is going to pot by inking a licensing deal with Colorado-based Dixie Brands to make and sell cannabis-infused gummies, drinks and vape pens.

The Phoenix-based company owns, operates or manages six cultivation and production facilities and 11 retail stores across eight states and began trading on the Canadian Securities Exchange on Aug. 6.

While embattled cannabis producer CannTrust awaits its fate with Health Canada for its regulatory breach, Aphria told Bloomberg it might consider buying the troubled company's assets.

The Toronto-based company makes it first deal to get inside the U.S. CBD market by acquiring Redwood Holding Group, owner of popular CBD brand Lord Jones.

The troubled Canadian pot company hired Greenhill & Co Inc. to help it conduct a "review of strategic alternatives," including finding a buyer, while it awaits federal enforcement action.

The Ontario-based pot firm posted a profit of $15.8 million in its fourth quarter on a net revenue of $128.6 million fueled by a jump in Canadian recreational cannabis sales.

The Florida-based company said it is opening its 30th location in the Sunshine State and continues to build on its success in the state's medical cannabis market.

But Canada's largest pot retailer posted a net loss of $4.8 million in its third quarter as expenses continue to mount for the company that now has 34 stores open.

The Ontario-based company's subsidiary Marigold Projects was granted a retail licence from Jamaican authorities and it plans to open four more pot shops, pending further approval.

The latest distribution deal with Kroger gives the Colorado-based company a total of five tie-ups with major U.S. retailers to ship its hemp CBD topical products into a total of 8,000 U.S. locations.

The British-based tobacco firm and the Canadian pot company say the sizeable deal will help both execute their global cannabis vape plans.

Canadians spent more than $85 million on legal pot in May, an $11 million increase over April, on the back of new stores opening in Ontario and B.C.

The Quebec-based retail giant's $26 million investment will help Fire & Flower expand its presence of 23 cannabis stores in Alberta, Saskatchewan and Ontario.

The deal will give Supreme access to Truverra's 5,000 square-foot licensed facility the company plans to turn into a state-of-the-art extraction lab to develop next-generation cannabis products.

Illinois-based Cresco Labs, one of America's larger multi-state cannabis operators, wants to sell medical and recreational pot next to the iconic stadium that hosts the Chicago Cubs.

While cannabis producer CannTrust awaits enforcement action from Health Canada, reports have surfaced a potential buyer could swoop in to rescue the embattled company.

The Massachusetts-based company said the deal with Grassroots will make it the largest marijuana company in the world and will bring its products into 19 states, up from 12.

The Moncton, N.B.-based company reported third-quarter losses and an eight per cent drop in sales as Ontario cannabis reorders also waned in the quarter that ended May 31.

Negative headlines and an industry-wide struggle to record profits have been hurting investor confidence in cannabis stocks in 2019.

The "BWell Market" will offer hemp-derived CBD products to U.S. customers and try to cash in on the CBD buzz.

The Ontario Cannabis Store said it won't be selling CannTrust's pot products until Health Canada conducts its investigation on how the company grew weed illegally.

Green Growth said combining with Moxie will create the first “360 degree” cannabis company offering consumers both THC and CBD products in major U.S. retail locations coast-to-coast.

Billionaire rapper Jay-Z is jumping in the cannabis space as a chief brand strategist for Caliva, one of California's largest vertically integrated pot companies.

The Ontario cannabis producer has 12,700 kilograms of dried cannabis on hold by Health Canada, which is estimated to be worth around $70 million.

The Alcohol and Gaming Commission of Ontario will hold a lottery on Aug. 20 to issues the next 42 retail store licenses. Another eight stores will open in First Nations communities through a separate process.

The Vancouver-based company specializes in cannabis-infused beverages and claims to have decades of experience building and developing brands.