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CannTrust names new CEO

VAUGHAN, Ont. — CannTrust Holdings Inc. says it has appointed its chief financial officer, Greg Guyatt, to be its CEO as the company works to come back from the fallout of its operation of unlicensed grow rooms. The Vaughan, Ont.-based cannabis company fired previous chief executive officer Peter Aceto last July following its internal investigation into the company’s […]

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Canopy Rivers swings to loss, withdraws guidance on industry headwinds

TORONTO — Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry. The venture capital arm of Canopy Growth says it had a net loss of $2.7 million, or one cent per share, for the three months ending Dec. 31, […]

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Nova Scotia Liquor Corporation to sell cannabis at 14 more outlets

HALIFAX — The Nova Scotia Liquor Corporation plans to sell cannabis at 14 more of its outlets within the next year — more than doubling the number of places to buy pot across the province. Finance and Treasury Board Minister Karen Casey announced Friday that renovations will begin as soon as possible, with some of […]

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Canopy Growth reports $124.17M loss

SMITHS FALLS, Ont. — Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer’s new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020. David Klein, who formally became Canopy’s CEO in January, said the Ontario-based company has a “lot of […]

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CannTrust Announces New CEO

Appoints Greg Guyatt as Chief Executive Officer, with Robert Marcovitch remaining as non-executive Chairman VAUGHAN, ON, Feb. 13, 2020 /CNW/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) announced the appointment of Greg Guyatt as the Company’s Chief Executive Officer and provided an update on the status of both its remediation […]

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Supreme Cannabis: Q2 2020 Financial Results

·         Focuses business on accelerated, near-term revenue growth with enhanced, coast-to-coast sales partnership with humble+fume  ·         Enhanced cost structure and near-term revenue-generating opportunities expected to drive profitable growth  ·         Reports 17% year-over-year net revenue growth and maintains a strong liquidity position with total cash and a restricted cash balance of $55 million with $35 million of undrawn capacity […]

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Stoner Sex on Valentine’s Day

The key to making the most of February 14th is planning ahead. In the words of Sweet Brown, “Ain’t nobody got time for that!” Valentine’s Day can be a blast, and even more so if you smoke weed. If you have a 420 friendly partner, kick it up this year and get freaky with some […]

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Aurora reports Q2 loss

Aurora Cannabis Inc.’s second quarter earnings were weighed down by a drop in cannabis production and the costs associated with ramping up efforts to roll out cannabis edibles and vapes. Losses following layoffs, writedown and CEO departure The Edmonton-based company revealed Thursday that it incurred a loss in its second quarter and that its net revenue for […]

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Supreme Cannabis layoffs: A deeper look

The Supreme Cannabis Company (TSX:FIRE) became the latest Canadian cannabis producer to announce layoffs Tuesday – an epidemic of cost cutting measures spreading across an industrial environment full of well-backed cultivators who have all struggled to turn a profit. By Supreme Cannabis’ own count, they laid off 33% of their corporate staff and 13% of […]

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The Supreme Cannabis Company cuts about 15% of its workforce, adopts new structure

TORONTO — The Supreme Cannabis Company Inc. says it has cut about 15 per cent of its workforce. The Toronto-based Supreme cannabis says it slashed about one-third of its corporate positions and 13 per cent of operational ones. The move comes as the company adopts a new structure aimed to accelerate revenue growth in Canada. Supreme’s […]

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