• Aurora Cannabis halts construction plans after miss in latest quarter
    Yahoo Finance Canada

    Aurora Cannabis halts construction plans after miss in latest quarter

    Aurora Cannabis has announced plans to shore up its balance sheet that include halting construction plans at facilities in Alberta and Denmark.

  • How this CBD company created a buzz by 'kind of making fun of millennial culture'
    Yahoo Finance

    How this CBD company created a buzz by 'kind of making fun of millennial culture'

    Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.

  • Canopy Growth hit with millions in product return charges, $375M net loss in Q2
    Yahoo Finance Canada

    Canopy Growth hit with millions in product return charges, $375M net loss in Q2

    Canopy Growth reported $374.6 million net loss in its fiscal second quarter, more than double Wall Street’s expectations

  • Why Marijuana Stocks Plummeted in 2019
    Zacks

    Why Marijuana Stocks Plummeted in 2019

    Marijuana stocks were on a tear last year, but 2019 has sent stock tumbling back down to Earth. What happened?

  • Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates
    Zacks

    Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates

    Aurora Cannabis Inc. (ACB) delivered earnings and revenue surprises of 133.33% and -21.69%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Expedia’s Vrbo to Reposition Itself Beyond Vacation Rentals as a Family Travel Business
    Skift

    Expedia’s Vrbo to Reposition Itself Beyond Vacation Rentals as a Family Travel Business

    Expedia Group's vacation rental business Vrbo plans to reposition itself as a family travel site that would offer vacation rentals, resorts, and other features facilitating family vacations. The unit's new general manager Jeff Hurst told Skift Thursday that the move has been in the works behind the scenes for some time. Hurst, who was interviewed […]

  • Thomson Reuters StreetEvents

    Edited Transcript of FGEN earnings conference call or presentation 11-Nov-19 10:00pm GMT

    Q3 2019 FibroGen Inc Earnings Call

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,972.18, up 14.19 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 31 cents, or 6.61 per cent, to $4.38 on 8.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Unchanged at $26.26 on 7 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Down $3.49 or 14.27 per cent, to $20.96 on 5.5 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down nine cents, or 9.78 per cent, to 83 cents on 5.5 million shares.Encana Corp. (TSX:ECA). Energy. Down 11 cents, or 1.88 per cent, to $5.75 on 4.7 million shares.Enbridge Inc. (TSX:ENB). Energy. Down $1.37 or 2.67 per cent, to $50.00 on 4 million shares. Companies in the news:Cineplex Inc. (TSX:CGX). Up $1.22 or 5.3 per cent to $24.32. Cineplex Inc. shares rose after the company reported record high revenue for its third quarter and outperformed analyst expectations, helped by a strong film slate including "The Lion King" and "Spider-Man: Far From Home." Cineplex reported Thursday that its third-quarter profit rose to $13.4 million from $10.2 million a year earlier. Revenue grew 8.3 per cent to a record $418.4 million as theatre attendance increased 1.8 per cent due to what Cineplex called a stronger film slate compared with last year. In addition to The Lion King and Spider-Man, Cineplex attributed the strength to films such as "Fast & Furious Presents: Hobbs & Shaw," "It Chapter Two" and "Once Upon a Time in Hollywood."Freshii Inc. (TSX:FRII). Down one cent to $2.70. Freshii Inc. continued to see traffic to its health-food eateries fall during its most recent quarter, but the company believes upcoming initiatives including a loyalty program can win over consumers. Same-store sales, a key retail metric, fell 3.7 per cent for the quarter ended Sept. 29. CEO Matthew Corrin said the company's current program, which focuses on offering limited-time menu items, isn't driving new traffic. Freshii's digital marketing campaigns and other initiatives expected to roll out next year will look to lure new customers into its stores, he said.Canopy Growth Corp. — Canopy Growth Corp.'s share price hit a 2019 low Thursday after the Canadian cannabis producer posted a $374.6-million quarterly loss, missed analyst revenue estimates and warned that a key revenue target may not be achieved. The company announced that second-quarter net revenue totalled $76.6 million, which was down 15 per cent from the prior quarter and below an average estimate of $107 million compiled by financial markets data firm Refinitiv. Interim chief executive Mark Zekulin also told analysts during a conference call that his previous projection of $250 million in revenue for the company's fourth quarter, ending in March, "is increasingly unlikely."Chorus Aviation Inc. (TSX:CHR). Up five cents to $8.20. Chorus Aviation Inc. reported a profit of $24.2 million in its latest quarter as revenue increased 2.8 per cent compared with a year ago. The regional aircraft company says the profit amounted to 15 cents per share for the quarter ended Sept. 30, weighed down by a $7.1-million loss on foreign exchange. The result compared with a profit of $43.6 million or 31 cents per share a year ago when it benefited from an $11.3-million gain on foreign exchange. Operating revenue totalled nearly $351.5 million, up from $342 million.This report by The Canadian Press was first published Nov. 14, 2019. The Canadian Press

  • Canopy Growth says lack of Ontario cannabis retail outlets holds back industry
    The Canadian Press

    Canopy Growth says lack of Ontario cannabis retail outlets holds back industry

    SMITHS FALLS, Ont. — The Ontario government’s inability to develop sufficient retail capacity for cannabis products is forcing Canopy Growth Corp. to revise its fourth-quarter guidance as Canada’s market "is simply not living up to expectations," says the company’s CEO."At the risk of oversimplifying, the inability of the Ontario government to license retail stores, right off the bat, has resulted in half of the expected market in Canada simply not existing," Mark Zekulin said Thursday on a call with analysts.Zekulin, who announced in August that he intends to leave Canopy after a permanent replacement is found for him and former co-chief executive Bruce Linton, said the company sees enormous global growth potential but faces difficult conditions in its home market because of a lack of retail outlets in its most populous province. He added that the company, based in Smiths Falls, Ont., is pleased to see Ontario's recently announced commitment to move towards an open allocation of retail licences where the number of stores will only be limited by market demand."This is a big deal but it cannot come soon enough," Zekulin said.He also said it's "increasingly unlikely" Canopy will achieve its target of $250 million in revenue in its fiscal fourth quarter ending in March, about 18 months after Canada allowed non-medical use of some cannabis products, but the company didn't provide a new Q4 estimate."While Canopy is geared up with product inventories, production capability and sales efforts to deliver on the $250 million objective, we do not believe at this time there will be sufficient points of retail sales in the near term to unlock the necessary Q4 demand."Retail coverage has been problematic in many parts of Canada since cannabis was legalized in October of 2018. Alberta, which has the most successful retail system in the country, has more than 300 licensed private cannabis providers for just 4.37 million people. Ontario, with 14.57 million people or 40 per cent of the nation's population, has just 24 stores — although the government is in the process of increasing that number to 75.Canopy shares plunged to $20.15 Thursday — the lowest intraday level since December 2017 — before closing at $20.96, down 14.27 per cent from the day prior.Net revenue for the second quarter totalled $76.6 million, which was down 15 per cent from the prior quarter and below an average estimate of $107 million compiled by financial markets data firm Refinitiv.Net loss was $374.6-million or $1.08 per share for the quarter ended Sept. 30 compared with a loss of $330.6 million or $1.52 per share a year ago when Canopy had fewer shares outstanding.That compared with $23.3 million in the same quarter last year before the legalization of recreational cannabis in Canada, but down from $90.5 million in its first quarter.Chief financial officer Mike Lee said that gross revenue during the quarter was $118.3 million, before provisions related to its lineup of oils and softgels, which are relatively new to Canada's legal market.He said the restructuring expense included $32.7 million in revenue provisions related to adjusted pricing and packaging to focus on a smaller portfolio of products at more competitive prices.Canopy also took a $15.9-million inventory charge related to the change in strategy which includes new retail pricing, a rationalized package assortment and a focused marketing and educational plan.In addition, Lee estimated that Ontario needs to open 40 stores every month starting in January for Canopy's supply of dried cannabis products to match consumer demand by the middle of 2020.But neither the CFO or CEO would say that Ontario store-openings will actually happen at that pace but they've assessed various scenarios to determine when demand and supply would be balanced."(Ontario's government) indicated they're going to open more stores. Everybody is pressuring them to open stores. Hopefully they're listening to calls like this and considering the impact it's having on our sector," Zekulin said. This report by The Canadian Press was first published Nov. 14, 2019.With files from Armina LigayaCompanies in this story: (TSX:WEED) The Canadian Press

  • Is Canopy Growth (TSX:WEED) Stock a Contrarian Buy at $20?
    The Motley Fool

    Is Canopy Growth (TSX:WEED) Stock a Contrarian Buy at $20?

    Is Canopy Growth (TSX:WEED)(NYSE:CGC) now oversold?

  • Baystreet

    Bearish on Pot Stocks? This ETF Could Be for You!

    Marijuana stocks have been performing very poorly this year, and with another round of disappointing ...

  • 3 Takeaways From Canopy Growth’s (TSX:WEED) Horrible Quarterly Earnings
    The Motley Fool

    3 Takeaways From Canopy Growth’s (TSX:WEED) Horrible Quarterly Earnings

    Canopy Growth (TSX:WEED)(NYSE:CGC) stock price tanked 16% after earnings on Thursday, but all hope isn't lost yet.

  • Should You Be Tempted To Sell UGI Corporation (NYSE:UGI) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell UGI Corporation (NYSE:UGI) Because Of Its P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • GBP/USD, EUR/GBP, USD/CAD – Limited Movement in the Markets
    FX Empire

    GBP/USD, EUR/GBP, USD/CAD – Limited Movement in the Markets

    GBP/USD has posted slight gains, shrugging off a weak U.K. retail sales report. EUR/GBP and USD/CAD are showing little movement.

  • Baystreet

    Stocks in play: The Yield Growth Corp.

    Announced that pursuant to its previously announced distribution agreement with Melorganics it has shipped ...

  • Canopy Growth Corporation (CGC) Reports Q2 Loss, Lags Revenue Estimates
    Zacks

    Canopy Growth Corporation (CGC) Reports Q2 Loss, Lags Revenue Estimates

    Canopy Growth Corporation (CGC) delivered earnings and revenue surprises of -203.70% and -24.73%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge
    Bloomberg

    Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge

    (Bloomberg) -- Canopy Growth Corp. shares fell to the lowest in nearly two years after the pot company reported revenue that missed the lowest analyst estimate and a loss that one analyst called “astounding.”The world’s largest cannabis company by market value also said it’s unlikely to meet its previous guidance of C$250 million ($189 million) in revenue by the fiscal fourth quarter, which ends March 31.Shares fell as much as 18% Thursday to C$20.15, the lowest since December 2017. The stock has lost more than 70% since its recent highs in April amid broad-based pressure on the cannabis sector. Investors are growing increasingly impatient with companies that don’t show a clear path to profitability, and other factors ranging from a vaping-related health crisis to regulatory concerns are also weighing on shares.Chief Executive Officer Mark Zekulin said the company is still on track to achieve its other targets, including positive adjusted earnings before interest, taxes, depreciation and amortization in Canada by fiscal 2021, and full profitability in three to five years.Its expectation for gross margins above 40% by the end of the current fiscal year is “under pressure” but still “achievable,” Zekulin said in a phone interview Thursday.“There are several known factors causing the market problems,” he said. “As quickly as we see those get resolved, then the quicker we can get back on track for that C$250 million, whether it’s a month late or a quarter late, and see all the other things follow suit.”Canopy took a restructuring charge of C$32.7 million for returns, return provisions and pricing allowances in the quarter. These are primarily related to its portfolio of softgel and oil products, which haven’t been selling as well as expected. It also took an inventory charge of C$15.9 million to align its portfolio with a new retailing strategy.“We do not consider this type of adjustment to be one-time, as it reflects returns and new pricing architecture and package assortment going forward,” Bill Kirk, analyst at MKM Partners, said in a note. He called the magnitude of the Ebitda loss “astounding,” and said Canopy’s “excessive equity comp policy” was responsible for much of it.However, Zekulin said he’s confident the charges are one-time items.Overall, Canopy reported fiscal second-quarter net revenue of C$76.6 million, well below the consensus estimate of C$102.3 million, and an Ebitda loss of C$155.7 million. Analysts had expected an Ebitda loss of C$96.1 million.The company is searching for a new leader after co-CEO Bruce Linton was fired in July, and Zekulin said he’d step down once a replacement is found. The company has narrowed down its shortlist of candidates to a number “you can count on one hand,” Zekulin said, and hopes to make an announcement before the end of 2019.(Updates to add CEO comments in paragraphs 4-6, 9, 11)To contact the reporter on this story: Kristine Owram in New York at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Courtney Dentch, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of UGI earnings conference call or presentation 12-Nov-19 2:00pm GMT

    Q4 2019 UGI Corp Earnings Call

  • Expedia Tells Hotels Adding Resort Fees Will Lower Your Listings on Its Pages
    Skift

    Expedia Tells Hotels Adding Resort Fees Will Lower Your Listings on Its Pages

    As promised a few months ago, Expedia Group began this week to send hotel listings lower in the sort order on its Expedia.com and Hotels.com pages when properties add resort fees to base room rates. Speaking at a lodging breakout session on stage at the Expedia Explore '19 conference in Las Vegas Wednesday, Cyril Ranque, […]

  • SemGroup (SEMG) Reports In-Line Loss & Revenue Miss in Q3
    Zacks

    SemGroup (SEMG) Reports In-Line Loss & Revenue Miss in Q3

    SemGroup's (SEMG) Canadian unit witnesses growth on the back of higher average gas processing volumes owing to incremental contribution from new plants like Patterson Creek and Wapiti.

  • Baystreet

    Stocks in play: Canopy Growth Corporation

    Announced its financial results for the second quarter ended September 30, 2019. Consolidated Q2 2020 ...

  • InterDigital Invests $50K for Mobile Edge Computing Research
    Zacks

    InterDigital Invests $50K for Mobile Edge Computing Research

    InterDigital (IDCC) is committed to fostering edge computing research and development opportunities to boost future technologies in IT and telecommunications industry.