Wednesday, June 22, 2022 8:01:56 AM
DISTRESSED DAILY: Weed Firm Canopy Growth Faces Liquidity Crunch
June 21, 2022, 8:37 AM
Canadian cannabis company Canopy Growth Corp. is having trouble adjusting to changing consumer preferences, which may threaten the ability to refinance its convertible debt due next year.
The company has faced earnings deficits and is likely to have continued pressures from supply-chain issues and increased competition, S&P Global Ratings analysts Monysh Bandeally and Madhav Hari wrote in a report last week.
Canopy “significantly” underperformed S&P’s expectations in the 2022 fiscal year as consumer tastes for premium products evolved, the analysts wrote. During the last fiscal year, the company didn’t have enough inventory to meet demand for select strains and high-potency ...
Recent WEED News
- Roundhill Investments Surpasses $2 Billion AUM Milestone • PR Newswire (US) • 09/16/2024 12:30:00 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM