Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Canopy Growth Corporation (WEED) is set to announce its third quarter 2020 financial results on February 14
  • The company will also host an audio webcast the same day with its CEO and CFO
  • Canopy Growth has seen a strong start to the year with the announcement of ten new Tokyo Smoke stores and the appointment of Judy Schmeling as Chair of the Board
  • Shares in the company are currently down 6.71 per cent to C$26.26, with a market cap of C$9.2 billion

Cannabis giant, Canopy Growth Corporation (WEED), is set to release its third quarter 2020 financial results on February 14.

Following the release of the results, the company will host an audio webcast with David Klein, Chief Executive Officer, and Mike Lee, Chief Financial Officer.

The webcast will be held on February 14 at 10:00 am EST.

Canopy Growth has already seen a strong start to 2020, with the early-January announcement of ten new Tokyo Smoke retail cannabis stores to open in Ontario.

“With ten new stores set to open in the first half of this year, we are pleased with the momentum we’ve built and excited to bring the Tokyo Smoke experience to more Ontarians,” said Rade Kovacevic, President of Canopy Growth, at the time.

“Increasing Tokyo Smoke’s presence across the province will expand access to high-quality cannabis products and education, continuing to migrate cannabis sales from the illicit to the regulated market.”

The company also announced on January 22 that it had appointed Judy Schmeling, former Chief Operating Officer of HSN Inc., as Chair of the Board of Directors.

Ms. Schmeling has been a member of the board since November 2018, and also sits on the boards of Constellation Brands Inc. and Casey’s General Stores – both Fortune 500 companies.

“I’m honored to be named the new Board Chair at Canopy Growth,” Ms. Schmeling said in the announcement. 

“During my time as a board member of Canopy Growth, I personally witnessed the unfolding of one of the most exciting market opportunities of our lifetime.”

Share price performance so far this year has remained relatively stable, with a high of C$32.90 seen on January 20.

The company’s shares are down 6.71 per cent today to C$26.26, with a market cap of C$9.2 billion.

More From The Market Herald

" Avicanna (TSX:AVCN) expands partnership with Viola Brands to the UK

Avicanna (AVCN) has signed a new sub-license agreement with VB Brands California LLC and Player Holdings LLC.

" Decibel Cannabis (TSXV:DB) reports record preliminary Q4 results

Decibel (DB) has issued preliminary unaudited Q4 2022 results along with its 2023 outlook.
The Market Herald Video

" CanadaBis Capital (TSXV:CANB) provides shareholder update

CanadaBis Capital (CANB) provided an update for shareholders and highlighted its financial performance over the past four quarters.

" Avant Brands (TSX:AVNT) entity acquires Flowr Okanagan

Avant Brands (AVNT) has acquired Flowr Okanagan for $5,115,000 in cash, shares and assumed debt.