Daily Archive: October 11, 2022
Constellation Takes $1.1 Billion Writedown On Canopy Investment
Constellation Brands took a $1.1 billion impairment charge on its investment in Canopy Growth in its second quarter ended in August, as the Canada-based cannabis group continues to retrench. Continue reading →
Posted in News on October 11, 2022Tilray’s Sales Slip On Canadian Market Disruptions
Tilray saw sales decline 9% to $153 million year-on-year in its fiscal first quarter ended in August, held back by disruptions in the Canadian market including strikes in British Columbia and Quebec as well as a cyberattack on Ontario’s wholesale and retail cannabis platform. Continue reading →
Posted in News on October 11, 2022Cannabis Briefs for October 11, 2022
•Curaleaf has completed its previously announced $181 million acquisition of Tryke Companies, a vertically integrated, multi-state cannabis operator. Continue reading →
Posted in News on October 11, 2022
