Medical Marijuana Program Connection

Cannabis Stocks Watchlist: Canopy Growth Falls After Closures

MMP News AuthorDecember 13, 2020

The MORE Act was passed this past week and it was the first time that any cannabis bill addressing descheduling was approved by Congress. This bill will also change the tax code and allow companies to deduct certain expenses. For more in-depth coverage of the cannabis sector including buy and ... Read More

Canopy shuts the joint down: Was a dream of industrial cannabis in N.L. just a puff of smo…

MMP News AuthorDecember 13, 2020

The launch of legal cannabis sales in St. John’s attracted international media attention. (CBC) There was something in the air — yeah, it was probably what you think, but also a sense of excitement and maybe even a little history — when the first retail weed was legally sold in ... Read More

Site closures, layoffs at cannabis giant Canopy Growth

MMP News AuthorDecember 10, 2020

Canadian cannabis giant Canopy Growth on Wednesday said it was closing five production sites and laying off some 220 workers in an attempt to improve profit margins. Canopy Growth, number one in the industry in a country where pot has been legal since late 2018, recently announced that it was ... Read More

Canopy Growth Is the Play for the Budding Cannabis Industry

MMP News AuthorDecember 10, 2020

Canopy (NASDAQ:CGC) stock represents the cannabis industry at large. It was the first company to be publicly traded in North America, and it is the industry leader today. Its products span from edibles and drinks, to vapes, dried flower and concentrates, to capsules and hemp. Source: Shutterstock Not only is ... Read More

Canopy Growth to shut down cannabis facilities across Canada, lay off 220

MMP News AuthorDecember 9, 2020

Ontario-based Canopy Growth Corp., says it will close five of its cannabis growing locations as it looks to get back in the black. The recreational cannabis giant says it will close its facilities in St. John’s, N.L., and Fredericton, N.B., Edmonton, Alta., and Bowmanville, Ont., as well as its ... Read More

Canopy to close four indoor Canadian cannabis grow sites plus outdoor grow in Saskatchewan…

MMP News AuthorDecember 9, 2020

Canopy Growth Corp. CGC, -1.67% WEED, -1.33% said Wednesday it is ceasing operations at four of its Canadian sites and ending outdoor cannabis grow in Saskatchewan, in a move that will impact about 220 employees. “These actions will be an important step towards achieving our targeted $150-$200MM of cost savings ... Read More