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Category: Canopy Stock Price

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Canopy to Close Hershey Facility

February 9, 2023 Published by

Canopy Growth Corp will lay off 800 employees as part of a restructuring plan that includes closing the iconic Hershey Facility in Smith Falls, Ontario. The layoffs will impact 35 percent of its workforce and take place over the next few months. David Klein, Canopy Growth’s chief executive, said in a statement to the press: “We are transforming our Canadian business to an asset-light model and significantly reducing the overall size of our organization. These changes are difficult but necessary […]

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Investors Lose Billions with Canadian Cannabis 

November 22, 2022 Published by

Investors have lost billions investing in Canadian cannabis. That’s the latest data collected by the law firm Miller Thomson. Of the total 183 publicly traded licensed cannabis producers, they collectively lost $131 billion. Or, as one Redditor put it, High quality marijuana cost $7.69 per gram. It’s estimated that the average joint has 0.32 grams of marijuana in them. So one joint should be around $2.46. Therefore, $131 billion could purchase 53,252,032,520 joints. Canada’s population is 38.25 million. So each […]

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Cannabis Inflation: Corporate Greed?

October 22, 2022 Published by

If cannabis prices rose significantly, would you blame inflation or corporate greed? Or are those two sides of the same coin? If inflation and corporate greed are two sides of the same coin, then it must be a pretty big coin. It’s as if you’re saying the United States is located in the Milky Way Galaxy. Technically, you’re not wrong. But there’s obviously more to it. Nearly every problem society faces is either a product of (or exacerbated by) the […]

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British Columbia Announces New Cannabis Retail Licence 

October 6, 2022 Published by

British Columbia‘s provincial government has announced a new cannabis retail licence. This licence will allow licensed producers to sell directly to customers via stores located at their farms. The so-called “farm-to-gate” license was previously on a trial pilot program with the Williams Lake First Nation. This new cannabis retail licence is open to all licensed growers. British Columbia Announces New Cannabis Retail Licence The new cannabis retail licence is called a Producer Retail Store (PRS). The PRS will come into […]

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Cannabis in the US Midterms (2022)

September 21, 2022 Published by

What role will cannabis play in the USA 2022 midterm elections? America’s burgeoning yet constricted cannabis industry hopes to see some change in Washington before the midterms reshape the political landscape. America’s cannabis industry hopes to see the SAFE Banking Act passed. This legislation would provide cannabis companies access to financial services. “Really what it comes down to is how important is cannabis for the Democrats to pass,” says Nawan Butt, Portfolio Manager at Purpose Investments. Cannabis in the US […]

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Germany’s Legalization Plans

September 20, 2022 Published by

What are Germany’s legalization plans? Do they still plan on legalizing cannabis despite the obstacles ahead of them? There is uncertainty regarding natural gas supplies and European member state rules that forbid the importation of recreational cannabis. Nevertheless, Germany has committed to its legalization plans. Even going as far as California to meet with industry stakeholders and dispensary owners. Germany’s Legalization Plans Informed by California? German’s Health Committee visited Oakland last week to discuss “best practices” as part of Germany’s […]

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Pre-Rolls More Popular in Canada than in the USA

August 29, 2022 Published by

According to a recent report released by Headset, pre-rolls are more popular in Canada than in the USA. Using real-time sales reporting between January and June 2022, Headset found that US and Canadian consumers spent over $752M and $402M (CAD) on pre-rolls. While both countries enjoy this product, Canadians love it. Nearly a quarter of […]

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Is Cannabis Recession-Proof? 

August 27, 2022 Published by

Is cannabis recession-proof? During the last major recession in 2008 and 2009, the legal cannabis industry didn’t exist. Colorado and Washington didn’t legalize it until late 2012. Canada didn’t have a recreational sector until 2018. We can look at tobacco and alcohol trends during recessions to make some predictions. But ultimately, we won’t know how […]

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British Columbians are Killing BC Bud

August 3, 2022 Published by

British Columbians are killing BC Bud by buying from licensed retail stores. Of course, it isn’t entirely their fault. Only a few BC Bud growers can get past the bureaucratic hurdles the federal and provincial governments have set up. Going from underground to above-board isn’t as easy as applying for a permit. Farmers have to […]

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