|Bid||18.50 x 4000|
|Ask||19.00 x 3200|
|Day's Range||18.53 - 19.80|
|52 Week Range||15.01 - 82.81|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.64|
CALGARY, Feb. 20, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (CSE:ISH.CN - News), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced that franchised stores in Sherwood Park and Spruce Grove, Alberta will be opening this week, making Spiritleaf the largest cannabis retail store brand in the province. The Company also announced that its franchise partners have begun construction on four additional Spiritleaf stores in Alberta and that it is awaiting final licensing approval for a store in Kelowna, British Columbia.
Canopy Growth's new CEO David Klein delivered first quarter results that topped expectations across the board as shares popped 15%.
Canada's market today mirrors the patchwork of U.S. states where the drug is legal in the worst possible ways, according to one analyst.
Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana companies as fewer-than-expected retail stores, higher prices than on the black market and slow overseas growth resulted in oversupply. "The Aurora story will be much more common in 2020," said Hap Sneddon, founder and chief portfolio manager at Castlemoore.
A Canadian exchange traded fund provider is winding down its cannabis offering as shares of publicly traded pot companies continue to slump.
Shares of Canadian pot producer Aprhia climbed nearly 10 per cent on Wednesday after the company announced a significant step towards improving sales in Europe’s largest cannabis market.
Despite waning investor optimism in the cannabis space, AdvisorShares CEO Noah Hamman says 2020 could be a big year for the sector.
Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis production, research, cultivation, and distribution, announces the expansion of its global senior leadership team with two strategic hires: Jon Levin as Chief Operating Officer, who was formerly with Revlon, and Michael Kruteck as Chief Financial Officer, who was formerly with Molson Coors and Pharmaca. Mr. Kruteck’s appointment will be effective immediately after filing the Annual Report on Form 10-K for the year ended December 31, 2019. Mark Castaneda, Tilray’s current CFO, will take on the role of Strategic Business Development and continue to advise the company and assist in Kruteck’s transition.
CALGARY , Jan. 10, 2020 /CNW/ - Inner Spirit Holdings Ltd. ("Inner Spirit" or the "Company") (ISH.CN), a Canadian company establishing a national network of retail cannabis stores under its Spiritleaf brand, today announced that it achieved more than $29 million in system-wide retail sales1 and served approximately 740,000 customers in 2019. With 43 stores operating to start 2020 and with additional locations set to open, the Company is well poised for future sales and revenue growth as a leading Canadian retailer in the recreational cannabis industry. In addition to the previously planned nine additional franchise locations which the Company anticipates opening in Alberta and British Columbia in 2020, Inner Spirit will also be pursuing expansion in other provinces.
Tilray, Inc., ("Tilray" or "the Company") (Nasdaq: TLRY), a global leader in medical cannabis research, cultivation, production and distribution, today announced that Brendan Kennedy, President and Chief Executive Officer, will present at the 2020 ICR Conference.