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Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (16,577.28, down 35.53 points).Prometic Life Sciences. Inc. (TSX:PLI). Health care. Up one cent, or 20 per cent, to six cents on 8.1 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up 19 cents, or 6.79 per cent, to $2.99 on 7.7 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 29 cents, or 2.41 per cent, to $12.32 on 7.1 million shares.Crescent Point Energy Corp. (TSX:CPG). Energy. Up 41 cents, or 7.48 per cent, to $5.89 on 6.7 million shares.Encana Corp. (TSX:ECA). Up 28 cents, or 2.89 per cent, to $9.98 on 6.2 million shares.Hexo Corp. (TSX:HEXO). Health care. Up 42 cents, or 4.67 per cent, to $9.41 on 5.2 million shares.Companies reporting:Guyana Goldfields Inc. (TSX:GUY). Unchanged at 92 cents. A group of dissident investors says they're prepared to begin a court proceeding to recoup damages if Guyana Goldfields Inc. doesn't initiate legal action against chief executive Scott Caldwell by Wednesday. The dissident group's letter says it has previously asked the board to "fully investigate" allegations of misconduct that were communicated to the current directors last year and as recently as March 22. The group is led by Guyana Goldfields founder Patrick Sheridan, who was ousted as the Toronto-based company's executive chairman last year. CannTrust Holdings Inc. (TSX:TRST). Up 10 cents to $9.52. CannTrust Holdings Inc. says the company's net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn't finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent from $7.8 million in last year's first quarter. CannTrust says it harvested 9,424 kilograms of cannabis from its Niagara operations, up 96 per cent from the fourth quarter and that pricing for dry cannabis and oils was stable. The Canadian Press
Kraft Heinz announced on Monday that Bernardo Hees, 49, will step down on July 1 after a string of troubling developments in recent months. Berkshire proudly backed that transaction, with Buffett writing in his annual letter at the time that the executives at 3G “could not be better partners,” though he finally admitted in February to overpaying for the deal.
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectations In the first quarter, analysts project Altria Group’s (MO) adjusted EPS to fall 2.9% YoY (year-over-year) to $0.92 from $0.95, dragged down
Cannabis Updates: New Listings, Price Action, and Ratings(Continued from Prior Part)Cannabis The cannabis sector (HMMJ) closed in the red last week. Let’s see how analysts are rating some of the major cannabis players and analyze the changes last
Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, where he rose to become the company's global head of marketing, building sales of beer brands Corona, Budweiser and others. Before AB InBev, Patricio worked at major consumer companies including Philip Morris, Coca-Cola Co and Johnson & Johnson.
Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) stock has increased in value by more than 3,000%. Still, there are plenty of reasons to avoid this high-growth stock. Read on to learn more.
What’s Expected for Altria’s First-Quarter Earnings(Continued from Prior Part)Analysts’ expectationsIn the first quarter, analysts expect Altria Group’s (MO) to fall 1.7% YoY (year-over-year) to $4.59 billion from $4.67 billion. During the
Cannabis Updates: New Listings, Price Action, and RatingsCannabis updateThe cannabis sector showed some weakness last week, and the Horizons Marijuana Life Sciences ETF (HMMJ) lost 3.0% while the ETFMG Alternate Harvest ETF (MJ) lost 3.4%.
Cannabis Stocks Off to a Positive Start on Monday(Continued from Prior Part)Stocks in the green Tilray (TLRY), which has been battered and unperformed peers so far this year, was seeing gains early this morning. The stock rose 1.2% as of noon while
Cannabis Stocks Off to a Positive Start on MondayOff to a positive start The overall cannabis sector was off to a positive start on the first trading day of this week. The ETFMG Alternative Harvest ETF (MJ) gained nearly 1.2% while the Horizons
The alcoholic-beverage company owns 38% of Canopy Growth, which agreed to buy the U.S. pot seller Acreage Holdings once cannabis becomes legal under U.S. law.
Kimberly-Clark KMB — Kimberly-Clark rose 5.4% after the company reported strong first-quarter earnings. The parent company of Kleenex, Huggies and Kotex reported $1.66 per share versus the expected $1.54 per share, according to Refinitiv. Boeing BA — Shares of the airline manufacturer dropped 1.3% following The New York Times' report that Boeing ignored workers' concerns over its production quality of 787 Dreamliner jets.
(KHC) on Monday named a new CEO, announcing that Miguel Patricio will succeed Bernardo Hees effective July 1. Who is Miguel Patricio? Here are three things you need to know about the newest chief of Kraft Heinz (ticker: KHC).
What’s Expected for Altria’s First-Quarter EarningsStock performanceAltria Group (MO) is set to report its first-quarter earnings on April 25. As of April 18, Altria stock was trading at $54.37, 13.7% higher than when it announced its
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) stock surged after announcing a big U.S.-focused deal. Investors need to be careful with the stock this spring.
CannTrust Holdings Inc. says the company's net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn't finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent from $7.8 million in last year's first quarter.
Acreage Holdings owns 87 dispensaries and 22 cultivation and processing sites in the U.S. and has $300 million cash.
Strong growth of Imbruvica and Mavyret are expected to drive AbbVie (ABBV) first-quarter sales. Declining ex-U.S. Humira sales are likely to be an overhang on the top line.
While sales of Biogen's (BIIB) MS franchise are expected to decline in the first quarter of 2019 that of Spinraza are likely to increase.
Canopy Growth (TSX: WEED) (NYSE: CGC) completed an all-cash acquisition of Spain-based licensed cannabis producer Cáñamo y Fibras Naturales S.L. (Cafina). Financial terms of the deal were not disclosed. Canopy Eyes European Market Canopy said that the acquisition provides it the foundation to expand its European production footprint into one of the most ideal-growing regions […]The post Canopy Growth Acquires Spanish Cannabis Producer Cafina appeared first on Market Exclusive.