Hints and tips:
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...An ill-judged investment in Canadian marijuana grower Canopy Growth is another downer....
...“We felt that cannabis was going to be big in major markets around the world going forward,” Newlands said of the company’s “offensive investment” of more than $4bn in Canadian cannabis group Canopy Growth...
...Last year, Altria agreed to take a 45 per cent stake in Cronos for C$2.4bn ($1.86bn), Corona beer maker Constellation Brands has pumped about $4bn into Canopy Growth, and the world’s largest brewer, Anheuser-Busch...
...After rallying over a fifth this year, Constellation’s valuation looks heady given the hangover to come from Canopy....
...Environmental dread hangs over the series in the form of the power plant cooling towers that rise out of the thick forest canopy....
...Paul Steckler, managing director of Canopy’s European business, said the MHRA licence and Canopy’s ability to store the drug in bulk will mean that it could send cannabis products out the next day, as it...
...pleased with Canopy’s results....
...Canopy reported a bigger than expected loss in its most recent quarter....
...Adjusted earnings, excluding the impact of Canopy, were bumped up to $8.65 to $8.95 a share in 2020, an increase of 15 cents at both ends of the range compared to previous guidance....
...Last year, Altria, the maker of Marlboro cigarettes, bought a 45 per cent stake in Cronos for $1.86bn, while Corona beer maker Constellation Brands has invested about $4bn into Canadian cannabis group Canopy...
...Constellation has also splashed nearly $4bn to lift its stake in Canadian pot producer Canopy Growth to 38 per cent as it pushes into the hot marijuana market, which is taking off thanks to the spreading...
...Constellation Brands’ bet on Canadian marijuana producer Canopy Growth is leaving investors feeling low....
...Earlier this month, Constellation raised its outlook for adjusted earnings in fiscal 2019, even before taking into account any benefits from its investment from Canopy....
...Corona beer maker Constellation Brands recently invested just under $4bn into Canadian cannabis group Canopy Growth, lifting its stake to 38 per cent....
...This excludes benefits from its additional $4bn investment in Canadian marijuana company Canopy Growth in August....
...In August $41bn Constellation Brands, which makes Corona and Modelo beers, announced a $4bn investment in Canopy, upping its stake to 38 per cent....
...Canopy Growth shares jumped as much as 6.4 per cent but were trading flat at pixel time....
...In June, the brewer reported a healthy rise in profits thanks in part to its Canopy stake....
...The beer and spirits maker Constellation Brands earlier this year pumped almost $4bn into Canopy Growth, another large Canadian pot group, while rival Aurora Cannabis in May struck a $2bn deal to buy the...
...most popular shorts Tesla Facebook Apple Debenhams Marks and Spencer Snap Netflix Amazon Ocado Deutsche Bank Across the pond, many FT readers from the US and Canada included cannabis companies such as Canopy...
...Constellation took a nearly 10 per cent stake in Canopy Growth last October. Since then, shares in Canopy have more than tripled in the run-up to Canada’s decision to legalise pot this month....
...Canopy Growth, Canada’s biggest pot stock by market value, has scaled new heights....
...Originally listed on the Toronto stock exchange, Canopy, a producer of medical marijuana, achieved a dual listing on NYSE in May....
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