Canopy Growth Posts Big Loss in Quarter of Losses – LPC Canopy Growth Corp. posted a $1.3 billion loss in the first quarter despite record production. In a scenario similar to Tilray’s announcement the day before, cannabis profits were put aside for expansion and growth. “Our recent harvests are proof that our focus on operational…

Montreal-Based PotRentals Expanding Airbnb-Like Cannabis Experiences to Alberta Capital – LPC PotRentals is expanding its cannabis experiences to Edmonton. It already offers “weed- and fun-friendly” accommodations for travellers to Toronto, Montreal, Vancouver and Calgary. The idea is to make it easier for people to find accommodations that allow smoking cannabis. With other short-term rental services,…

Resigned or Fired? Questions Swirl as Linton Steps Down – LPC Licensed producer Canopy Growth announced this morning that Bruce Linton steps down as co-CEO and will leave the company. “The board decided today, and I agreed, my turn is over,” Linton said in a company press release. The founder and very public face of…

“Power Couple” at World Cannabis Congress in Saint John Discuss Making Best Hemp-Derived CBD Products Possible – LPC Canopy Growth Corporation CEO Bruce Linton took to the state with Martha Stewart to discuss hemp-derived CBD products at the World Cannabis Congress in Saint John, NB. The cannabis “power couple” said their first market will be…

Cross-Border Cannabis Industry Deal Contingent on Legalization in US – LPC Canopy Growth Corporation announced a blockbuster cannabis industry deal on April 18, 2019. Canopy will pay US$3.4 billion to buy New York-based Acreage Holdings – but only when cannabis is legalized federally there. However, most believe federal legalization is inevitable with so many states legalizing…

Motley Fool Digs Deeps into Aurora’s Cannabis Revenue – LPC Aurora Cannabis recently reported its cannabis revenue for its fiscal second quarter – and the numbers are revealing. Aurora was second only to Canopy Growth in sales. Net revenues were a reported $54.18 million in the second quarter (compared to $83 million in net revenue…