4.2398 +0.02 (0.47%)
After hours: 4:48PM EDT
|Bid||4.2100 x 800|
|Ask||4.2400 x 21500|
|Day's Range||4.0200 - 4.3300|
|52 Week Range||1.9500 - 7.6800|
|Beta (5Y Monthly)||2.09|
|PE Ratio (TTM)||14.11|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cannabis producer Aphria is moving its U.S. stock listing from the New York Stock Exchange to the Nasdaq Global Select Market in bid to cut costs.
Aphria and IIPR are two stocks that are well poised to take advantage of the expanding cannabis market. The post Market Recovery 2020: 2 Pot Stocks to Buy on the Rebound appeared first on The Motley Fool Canada.
Henry Schein (HSIC) registers dismal performance within Dental business on suspension of non-emergency procedures in response to the pandemic.
LEAMINGTON, ON, May 26, 2020 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APHA and NYSE: APHA), a leading global cannabis company, today announced that it will transfer its stock exchange listing from the New York Stock Exchange ("NYSE") to The Nasdaq Global Select Market ("Nasdaq"), effective Friday, June 5, 2020, after the market close. The Company expects its common stock will begin trading as a Nasdaq-listed security at market open on Monday, June 8, 2020 and will continue to be listed under the ticker symbol "APHA."
CALGARY , May 25, 2020 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (HITI.CN) (HITIF) (2LY.F), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, is pleased to announce that the Canna Cabana retail cannabis store located in Unit #2 at 2400 Guelph Line in Burlington, Ontario (the "Burlington Store") will be opening on Wednesday, May 27, 2020 . It marks the sixth branded Canna Cabana location in Ontario and the Company's 35th retail cannabis store across Canada .
Shares of Green Growth Brands plunged more than 70 per cent to just above a penny on Wednesday after the cannabis firm announced it has filed for creditor protection.
(Bloomberg) -- Green Growth Brands Inc., a cannabis company that made a failed pursuit for Aphria Inc., filed for bankruptcy protection after warning investors it was in “serious financial difficulty.”The company said in a statement Wednesday its “severe liquidity crisis in the face of material matured and maturing debt” was made worse by the Covid-19 pandemic.“The continuing operations of the company are dependent upon its ability to continue to raise adequate financing, to commence profitable operations, and to repay its liabilities arising from normal business operations as they become due,” Green Growth said. It requested court protection through the Companies’ Creditors Arrangement Act in Canada. Ernst & Young Inc. was appointed as the monitor in the proceedings.All Js Greenspace LLC, one of GGB’s existing secured lenders, agreed to a debtor-in-possession loan facility of as much as $7.2 million, Green Growth said. Its shares tumbled as much as 64% to 2 Canadian cents in Toronto.Green Growth made a splashy attempt to take over one of the biggest players in the Canadian cannabis industry with a C$2.4 billion hostile bid for Aphria in January 2019. That came after a short-seller attack triggered a plunge that erased more than half of Aphria’s market value. Since then, Aphria has posted three consecutive quarters of profitability on an Ebitda basis.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
A big challenge with investing in pot stocks is that bad returns by one company can send all the others into a tailspin. Aphria (NYSE: APHA) is a good example. Profits are rare in the cannabis industry.
Medtronic's (MDT) new cannula will complement its entire portfolio of balloon kyphoplasty products, including Kyphon Xpander II Inflatable Bone Tamps.
Based on a brief questionnaire remotely filled by the patient, the MaskSelector tool recommends the best suitable ResMed (RMD) mask for patients.
OPKO Health's (OPK) subsidiary, BioReference Laboratories collaborates with MagnaCare to offer antibody testing to Labor groups in New York metropolitan area.
Hologic (HOLX) expects to boost testing capacity by combining its manufacturing ability for the latest EUA of test with its largest installed base of high-throughput molecular instruments.
Avanos Medical (AVNS) continues to benefit from strong performing segments and robust product portfolio. However, stiff competition remains a concern.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (14,638.90 , up 129.24 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up $6.15, or 66.85 per cent, to $15.35 on 18 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 37 cents, or 3.66 per cent, to $10.49 on 7.8 million shares.B2Gold Corp. (TSX:BTO). Materials. Up 26 cents, or 3.53 per cent, to $7.62 on 7.3 million shares.Aphria Inc. (TSX:APHA). Health care. Up 49 cents, or 11.64 per cent, to $4.70 on 7.1 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 85 cents, or 3.67 per cent, to $23.99 on 6.8 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up 27 cents, or 5.47 per cent, to $5.21 on 6.3 million shares.Companies in the news:Aurora Cannabis Inc. — Canadians have slowed their buying frenzy when purchasing pot amid the pandemic, said cannabis company executives. Aurora Cannabis Inc. noticed the COVID-19 boom in cannabis sales dissipating, said Michael Singer, interim chief executive. After the industry was deemed an essential service in several provinces, he said, things went back down to pre-pandemic levels in April. In Aurora's third quarter, which ended on March 31 and encompassed the first weeks many Canadians spent working from home as well as physical distancing, the Edmonton-based company sold 12,729 kilograms of cannabis, amounting to 39 per cent more than the quarter before.Chorus Aviation Inc. (TSX:CHR). Down 18 cents, or seven per cent, to $2.39. Chorus Aviation Inc. says it's focused on cost cutting as it reports a first-quarter loss as the COVID-19 outbreak significantly disrupts the airline industry. The regional aviation company says it had a net loss of $17.3 million for the quarter ending March 31 compared with earnings of $33.45 million last year as net income decreased $50.7 million due to a change in net unrealized foreign exchange losses. Chorus says adjusted net income was $25 million, up from $19 million last year, as it started off the year in a good financial shape before the pandemic hit.Onex Corp. (TSX:ONEX). Up 71 cents, or 1.2 per cent, to $60.90. Onex Corp. says it swung to a significant loss in the first quarter as a result of market volatility and economic disruption from the COVID-19 outbreak. The investment management firm says it had a net loss of US$1.1 billion for the quarter ending March 31, compared with net earnings of $195 million last year. The Toronto-based firm says $985 million of the losses were from its investing segment as the pandemic pushed down markets in March and created a broad net decline in the fair value of its underlying portfolio investments. Onex says the decrease in fair value of its investments ranged from declines of between one and 77 per cent.Air Canada (TSX:AC). Down 60 cents, or 3.9 per cent, to $14.62. The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. An internal bulletin to members from the Canadian Union of Public Employees says Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges. The bulletin, sent out Thursday night, says CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6.This report by The Canadian Press was first published May 15, 2020.The Canadian Press
What happened? Aphria (NYSE: APHA) ended the week on a strong note. Shares of the Ontario-based cannabis company climbed by 11.3% on Friday, despite the company not reporting any news. The catalyst for Aphria's stock rising today seems to be the better-than-expected financial results Aurora Cannabis (NYSE: ACB) -- one of Aphria's peers in the marijuana industry -- reported after the market closed on Thursday.