Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.
Read More
3 minute read

These States Could Go Fully Legal Soon & This Cannabis Company Could Win Big: A Top Stock Pick Trading Below Peers

By Nicolas Jose Rodriguez
June 12, 9:37 PM
Among the top 5 multi-state operators (MSOs) in the cannabis industry is Cresco Labs (OTC: CRLBF), with a significant presence in states like Ohio, Pennsylvania and Florida.

ACRHF

Read More
2 minute read

Canopy Growth Announces $250M At-The-Market Equity Program

By Jelena Martinovic
June 6, 9:58 AM
Canopy Growth Corporation (NASDAQ: CGC) announced on Thursday that it has established an at-the-market equity program under which it can issue and sell up to $250 million worth of its common shares from treasury from time to time in concurrent public offerings in the United States and Canada.The Canadian cannabis giant said that any of its common shares sold in the ATM program will be sold in transactions made directly on the Nasdaq or the TSX or on any other available U.S. or Canadian trading market. Canopy will set the volume and timing of sales under the program, with the common shares being distributed at market prices prevailing at the time of each sale or certain other prices.

ACRHF

Read More
2 minute read

Acreage Announces $10M Private Placement Of Units Ahead Of Acquisition By Canopy

By Jelena Martinovic
June 5, 10:03 AM
Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) announced on Wednesday it's seeking to secure $10 million in finding.The New York-based company said in a press release that it has entered into subscription agreements with certain institutional investors to issue units by way of a brokered private placement for $833.33 per unit.

ACRDF

Read More
3 minute read

Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

By Jelena Martinovic
June 4, 12:51 PM
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), has been exercised.The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.In connection with the arrangement agreement dated October 24, 2022, by and among Canopy Growth, Canopy USA, LLC and Acreage, as amended, in respect of the Class D subordinate voting shares of Acreage, on closing, Canopy USA will acquire all of the fixed shares and floating shares and Acreage will become a wholly-owned subsidiary of Canopy USA.

ACRDF

Read More
2 minute read

Acreage’s Q1 Revenue Slips 19% YoY But CEO Foresees ‘Significant Growth Opportunities’ As Canopy Growth Strategy Moves Forward

By Jelena Martinovic
May 31, 9:07 AM
Multi-state cannabis operator Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), reported on Friday its financial results for the first quarter ended March 31, 2024. "In the first quarter, we diligently focused on cash preservation, implementing cost-saving measures, and honing our business strategy," Dennis Curran, the company's CEO, said. "Our Northeastern footprint was a focal point with our entry into the New York adult-use wholesale market and the conversion of our third dispensary in Connecticut to a hybrid model serving both patients and consumers."

ACRDF

Read More
2 minute read

Canopy Is ‘Cautiously Optimistic’ On Cannabis Rescheduling Following Major Step Toward Entry Into US THC Market

By Jelena Martinovic
April 15, 11:15 AM
Canopy Growth's shareholders gave a green light to the creation of a new class of exchangeable shares of the company during their special meeting held on Friday, April 12, as recommended earlier by Institutional Shareholder Services (ISS).At the meeting, shareholders passed a special resolution authorizing an amendment to the company's articles of incorporation, as amended, to create and authorize the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy Growth.A total of 32,250,578 common shares of Canopy, representing 35.40% of the issued and outstanding shares, were voted in connection with the meeting by the company's shareholders and proxyholders.he move enables the acceleration of Canopy Growth's entry into the U.S. THC market, which is forecasted to hit roughly $50 billion in 2026, the company said on Monday in a press release.

ACRHF