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Canadian Gold Corp. Phase 3 Exploration to Begin at Tartan Mine; Three Priority Zones Will Be Drilled with Potential for Major Impact to Resource Size & Project Economics
Newsfile· 2024-06-20 11:00
. June 20, 2024 7:00 AM EDT | Source: Canadian Gold Corp. 3. South Zone (SZ): The South Zone is an additional parallel zone at the Tartan Mine, located approximately 75 metres south of the MZ (Fig. 1 & 3). The objective is to expand the resource in this area, which would also increase the number of ounces per vertical metre at the Tartan Mine. This has important financial implications as both the MZ and SZ can be accessed from the existing ramp. This allows fixed development costs associated with extending ...
Canopy Growth Corporation (CGC) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-06-19 14:01
Conclusion Canopy Growth Corporation (CGC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Revisions to Earnings Estimates Canopy Growth is expected to post a loss of $0.31 per share for the current quarter, representing a year-overyear change of +22.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -166.1%. The chart below shows the evolution of ...
Canopy Growth Takes a Big Step in Advancing Its Strategy for the U.S. Marijuana Market
The Motley Fool· 2024-06-14 11:00
This move has been more than five years in the making. So what does this really mean for Canopy Growth investors? Here's a look at the key takeaways for investors, and what actually matters as a result of these developments. Canopy Growth created Canopy USA, a special purpose vehicle, with the aim of holding its U.S.-based assets, because its core business can't do so -- not without jeopardizing its position on the Nasdaq exchange. It's a complex setup that means the entities are technically separate and Ca ...
Canadian Gold Corp. Announces Non-Brokered Financing
Newsfile· 2024-06-13 20:05
Toronto, Ontario--(Newsfile Corp. - June 13, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces a non-brokered private placement offering of up to $1,500,000, by the issuance of both flow-through common shares and non-flow through common shares. Each flow-through share will be priced at $0.16 per share, and each non-flow through common share will be priced at $0.14. Michael Swistun, CFA President & Chief Executive Officer Canadian Gold Corp. (204) 232-1373 info@canadiangold ...
Why Canopy Growth Stock Crashed 10% on Thursday
The Motley Fool· 2024-06-06 16:41
Canopy Growth can't make money selling cannabis -- so it's selling shares instead. Canadian cannabis company Canopy Growth (CGC -8.71%) tumbled 9.8% through 11:55 a.m. ET Thursday after announcing plans to create and sell $250 million new Canopy shares at whatever the market price is when the sales occur. Precisely when such sales will occur "will be determined in the Company's sole discretion." But management might want to wait a bit before selling -- because if it sells right now, it'll be getting 8% less ...
Canopy Growth Establishes US$250 Million At-The-Market Program To Further Enhance the Company's Financial Position And Facilitate Growth
Prnewswire· 2024-06-06 12:14
operates Jetty Extracts, a California-based producer of high- quality cannabis extracts and pioneer of clean vape technology, in addition to holding rights for Wana Brands, a leading North American edibles brand, as well as Acreage Holdings, Inc., a vertically integrated multi-state cannabis operator with principal operations in densely populated states across the Northeast and Midwest. SMITHS FALLS, ON, June 6, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Na ...
Canopy Growth Corporation (CGC) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-06-05 14:01
Canopy Growth Corporation (CGC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned -17.6%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Medical - Products industry, which Canopy Growth falls in, has gained 0.6%. The key question now is: What could be the stock's future ...
Canopy Growth Stock: This Pot Pick Could Hit $15 Sooner Than You Think
Investor Place· 2024-06-05 10:30
Canopy Growth (NASDAQ:CGC) is a premier Canadian cannabis company. Granted, Canopy Growth isn't in perfect financial condition. That's likely true for every canna-business. Canopy Growth stock can rise as the company improves. I'm not suggesting that 2024 will be bubble-icious like 2018 was. Canopy Growth's shareholders should be cautious and avoid price chasing and over-investing. Canopy Growth's recent results show progress in closing the profitability gap. Canopy Growth: Don't Expect Too Much When I said ...
Canopy Growth Announces Exercise of Acreage Options Paving the Way for Acquisition by Canopy USA
Prnewswire· 2024-06-04 11:45
Canopy USA completes acquisition of Jetty and advances acquisition of Wana SMITHS FALLS, ON, June 4, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that the option to acquire all of the issued and outstanding Class E subordinate voting shares (the "Fixed Shares") of Acreage Holdings, Inc. ("Acreage") has been exercised in accordance wit ...
Canopy Growth's Earnings: Profitability Despite Industry Shifts
MarketBeat· 2024-05-31 11:30
Canopy Growth Corporation NASDAQ: CGC is a leading producer and distributor of cannabis and cannabis-derived products. Canopy Growth's earnings report for the fourth quarter and fiscal year was released, revealing a company actively adapting its strategies to address evolving market dynamics. Canopy Growth's financial report release provided strategic insights into the opportunities and challenges facing the company and the cannabis sector. Get Canopy Growth alerts: Modest Growth and Segment Shifts Key Poin ...