|Bid||3.0300 x 0|
|Ask||3.0400 x 0|
|Day's Range||2.9900 - 3.1000|
|52 Week Range||0.1550 - 6.3300|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||152.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Canopy Rivers Inc. (TSXV:RIV) has an interesting business strategy and could benefit substantially from the growing marijuana market. But is it a buy right now?
Canopy Rivers Inc., the venture capital arm of cannabis company Canopy Growth Corp., swung to a loss in its latest quarter as its operating expenses soared. The Toronto-based firm reported Tuesday a loss of $1.8 million in the three months ended March 31 compared with a profit of nearly $14.6 million in the same quarter last year. Canopy Rivers said as positive global sentiment towards pot rises and Canada legalizes edibles, topicals and extracts, there is growth potential for the industry and ancillary businesses which do not touch the plant.
Zenabis Global (OTCMKTS:ZBISF) has submitted its site evidence package to Health Canada for the first phase of its facility in Langley. Called Zenabis Langley, the facility’s first 50,000 sq. ft. flower room is substantially complete, while work on the remaining five flower rooms and additional support space, totaling 380,000 sq. ft., is set to complete […]The post Cannabis Stock News Daily Roundup July 10 appeared first on Market Exclusive.
Cannabis Stock News The Cannabis Council of Canada (C3) applauded the Government of Ontario for their decision to expand adult use retail cannabis licenses. With national cannabis supply levels improving, C3 believes that the continued and sustained expansion of Ontario's retail network will be a key factor in replacing the illicit cannabis market with a legal […]The post Cannabis Stock News Daily Roundup July 5 appeared first on Market Exclusive.
Canopy Rivers (TSXV: RIV) (OTC: CNPOF) announced that its portfolio company Agripharm Corp. received its outdoor cultivation license from Health Canada. Agripharm is co-owned by SLANG (CNSX: SLNG), Canopy Growth (NYSE: CGC) and Green House Holdings North America and received a strategic investment from Canopy Rivers. Canopy Rivers provided the capital to finance the build-out […]The post Agripharm Wins Approval for Outdoor Cultivation License appeared first on Market Exclusive.
Most people are aware that Canopy Growth Corp (TSX:RIV)(NYSE:RIV) is a leader in the cannabis space. What most don't know is that it has a strong partnership in finance.