CGC

Canopy Growth Announces Effective Date of Share Consolidation

Retrieved on: 
Wednesday, December 13, 2023

SMITHS FALLS, ON, Dec. 13, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC) announced today that the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares.

Key Points: 
  • SMITHS FALLS, ON, Dec. 13, 2023 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (Nasdaq: CGC) announced today that the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every ten (10) pre-Consolidation Common Shares.
  • The Consolidation was approved by the Company's shareholders at the annual general and special meeting of shareholders held on September 25, 2023.
  • "By implementing this share consolidation, Canopy Growth expects to regain compliance with the Nasdaq's bid requirement and further support the marketability of the Company's shares," said Judy Hong, Chief Financial Officer, Canopy Growth.
  • Shareholders of record as of the Effective Date will receive a letter of transmittal from Odyssey Trust Company, the transfer agent for the Common Shares, providing instructions for the exchange of their Common Shares as soon as practicable following the Effective Date.

FIVE HEROIC DOGS HONORED WITH 2023 AKC® HUMANE FUND AWARDS FOR CANINE EXCELLENCE (ACE)

Retrieved on: 
Monday, December 11, 2023

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The AKC® Humane Fund is proud to announce the winners of the 24th annual AKC® Humane Fund Awards for Canine Excellence (ACE). These awards celebrate five loyal, hard-working dogs that have significantly improved the lives of their owners and communities. The five winners were carefully chosen from a pool of over 600 impressive nominations.

Key Points: 
  • NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The AKC® Humane Fund is proud to announce the winners of the 24th annual AKC® Humane Fund Awards for Canine Excellence (ACE).
  • The winners in each category are featured in a special broadcast AKC HEROES: 2023 AWARDS FOR CANINE EXCELLENCE which premiered Sunday, December 10th on ESPN2.
  • The 2023 AKC Humane Fund Awards for Canine Excellence are proudly sponsored by YuMOVE™, the official joint supplement of the AKC, and Eukanuba™.
  • The AKC Humane Fund's Awards for Canine Excellence are given each year to promote the important role dogs play in our lives.

Canada Releases its 2023 New Wheat Crop Report

Retrieved on: 
Tuesday, November 21, 2023

WINNIPEG, MB, Nov. 21, 2023 /PRNewswire/ - Cereals Canada today released the 2023 New Wheat Crop Report, providing a quality and functionality update to domestic and global customers of Canadian wheat.

Key Points: 
  • WINNIPEG, MB, Nov. 21, 2023 /PRNewswire/ - Cereals Canada today released the 2023 New Wheat Crop Report, providing a quality and functionality update to domestic and global customers of Canadian wheat.
  • Despite a challenging growing season that led to variable yields and below-average production, Canada produced another top-quality wheat crop.
  • Canada had excellent quality in all wheat classes for the 2023 crop year, with the majority grading No.
  • To learn more about Canada's 2023 New Wheat Crop and download the 2023 Crop Summary, visit the 2023 New Wheat Crop Report .

Canada Releases its 2023 New Wheat Crop Report

Retrieved on: 
Tuesday, November 21, 2023

WINNIPEG, MB, Nov. 21, 2023 /PRNewswire/ -- Cereals Canada today released the 2023 New Wheat Crop Report, providing a quality and functionality update to domestic and global customers of Canadian wheat.

Key Points: 
  • WINNIPEG, MB, Nov. 21, 2023 /PRNewswire/ -- Cereals Canada today released the 2023 New Wheat Crop Report, providing a quality and functionality update to domestic and global customers of Canadian wheat.
  • Despite a challenging growing season that led to variable yields and below-average production, Canada produced another top-quality wheat crop.
  • Canada had excellent quality in all wheat classes for the 2023 crop year, with the majority grading No.
  • To learn more about Canada's 2023 New Wheat Crop and download the 2023 Crop Summary, visit the 2023 New Wheat Crop Report .

Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation Process

Retrieved on: 
Friday, November 17, 2023

Elimination of funding obligation to BioSteel consistent with Canopy Growth's cannabis focus and transformation to a simplified, asset-light operating model.

Key Points: 
  • Elimination of funding obligation to BioSteel consistent with Canopy Growth's cannabis focus and transformation to a simplified, asset-light operating model.
  • On September 21, 2023, the CCAA Court granted an order (the "SISP Order") authorizing BioSteel Canada to conduct, under the oversight of KSV Restructuring Inc., in its capacity as court-appointed monitor of BioSteel Canada, a sale and investment solicitation process (the "SISP") in accordance with the terms and conditions relating thereto (the "SISP Procedures").
  • a)    a sale of substantially all of the assets of BioSteel Canada (the "BioSteel Canada Transaction") as contemplated by an asset purchase agreement dated November 9, 2023 (the "BioSteel Canada Asset Purchase Agreement"); and
    b)    a sale of all or substantially all of the assets (the "BioSteel Manufacturing Transaction" and together with the BioSteel Canada Transaction, the "Sale Transactions") of BioSteel Canada's U.S. affiliate, BioSteel Manufacturing as contemplated by an asset purchase agreement dated November 9, 2023 (the "BioSteel Manufacturing Purchase Agreement").
  • The closing of the BioSteel Canada Transaction is subject to customary closing conditions and an order of the US Bankruptcy Court recognizing the approval of the BioSteel Canada Transaction.

Bionano Reports Third Quarter 2023 Results and Highlights Recent Business Progress

Retrieved on: 
Wednesday, November 8, 2023

Publications featuring OGM increased 61% from the third quarter of 2022 to the third quarter of 2023, including a total of 47 human-focused publications.

Key Points: 
  • Publications featuring OGM increased 61% from the third quarter of 2022 to the third quarter of 2023, including a total of 47 human-focused publications.
  • GAAP gross margin for the third quarter of 2023 was 30%, compared to 25% from the third quarter of 2022.
  • Third quarter 2023 non-GAAP¹ gross margin was 32%, compared to 25% from the third quarter of 2022.
  • Third quarter 2023 non-GAAP operating expense was $31.8 million, compared to $26.3 million in the third quarter of 2022 and $34.6 million in the second quarter of 2023.

Computer Guidance Corporation Named as one of The Top Construction Technology Firms™ by Construction Executive magazine

Retrieved on: 
Tuesday, October 17, 2023

SCOTTSDALE, Ariz., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Computer Guidance Corporation, the leading developer of cloud-based ERP solutions for the construction industry, today announced that has been named one of Construction Executive's Top Construction Technology Firms for 2023. This award is provided by Construction Executive magazine and recognizes the top construction technology firms with accomplishments.

Key Points: 
  • SCOTTSDALE, Ariz., Oct. 17, 2023 /PRNewswire-PRWeb/ -- Computer Guidance Corporation, the leading developer of cloud-based ERP solutions for the construction industry, today announced that has been named one of Construction Executive's Top Construction Technology Firms for 2023.
  • This award is provided by Construction Executive magazine and recognizes the top construction technology firms with accomplishments.
  • "Computer Guidance Corporation is extremely honored to be named a leading provider of construction management software by Construction Executive magazine," said Michael Bihlmeier, President, Computer Guidance Corporation.
  • "Computer Guidance Corporation is extremely honored to be named a leading provider of construction management software by Construction Executive magazine," said Michael Bihlmeier, President, Computer Guidance Corporation.

Invitae to Present Data at the National Society of Genetic Counselors 42nd Annual Conference That Supports Advancements in Medical Genomics

Retrieved on: 
Tuesday, October 10, 2023

SAN FRANCISCO, Oct. 10, 2023 /PRNewswire/ -- Researchers from Invitae (NYSE: NVTA), a leading medical genetics company, are showcasing their work next week at the National Society of Genetic Counselors (NSGC) 42nd Annual Conference in Chicago that highlights the importance of genetics-informed patient care. In addition to its research presentations, the company will present the Heart of Genetic Counseling Award which recognizes excellence in the field of genetic counseling.

Key Points: 
  • In addition to its research presentations, the company will present the Heart of Genetic Counseling Award which recognizes excellence in the field of genetic counseling.
  • "The NSGC Annual Conference is a great opportunity for Invitae researchers to share cutting-edge scientific advancements with genetic counselors who play an integral role in genetics-informed patient care," said Robert Nussbaum, M.D., chief medical officer at Invitae.
  • Invitae joins NSGC in presenting the Heart of Genetic Counseling Award – honoring excellence in genetic counseling and patient care as recognized by patients.
  • To learn more about Invitae's presence at the NSGC 42nd Annual Conference or the Heart of Genetic Counseling Award, visit our website .

Global Cannabis Market Projected To Reach $444 Billion By 2030 As Consumption and Demand Skyrockets

Retrieved on: 
Monday, October 2, 2023

PALM BEACH, Fla., Oct. 2, 2023 /PRNewswire/ -- The global cannabis markets has been growing in recent years and is expected to continue through this decade. Marijuana legalization is gaining momentum across the globe. This momentum is driven primarily by the increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked, and consumed drug worldwide, according to the United Nations Office on Drugs and Crime (UNODC). A growing number of jurisdictions have established legal frameworks for the non-medicinal use of adults, including social, religious, and cultural purposes. Furthermore, formalizing activities related to the product's cultivation, production, and trade in a (legally regulated) legal marijuana market will facilitate access to information and increased consumption among consumers, which is expected to provide opportunities for the market in the upcoming years. A report from Fortune Business Insights projected that the global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period.  Active Companies from around the market with current developments this week include:  Leafbuyer Technologies, Inc. (OTCQB: LBUY), Cronos Group Inc. (NASDAQ: CRON), Canopy Growth Corporation (NASDAQ: CGC), SNDL Inc. (NASDAQ: SNDL), Tilray Brands, Inc. (NASDAQ: TLRY).

Key Points: 
  • A report from Fortune Business Insights projected that the global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period.
  • In July, Cronos signed a distribution agreement with Cansativa Group ("Cansativa"), one of the leading distributors of medical cannabis in Germany.
  • Cansativa is a market leader in the medical cannabis market and is a driving force in the German cannabis industry.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Global Cannabis Market Projected To Reach $444 Billion By 2030 As Consumption and Demand Skyrockets

Retrieved on: 
Monday, October 2, 2023

PALM BEACH, Fla., Oct. 2, 2023 /PRNewswire/ -- The global cannabis markets has been growing in recent years and is expected to continue through this decade. Marijuana legalization is gaining momentum across the globe. This momentum is driven primarily by the increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked, and consumed drug worldwide, according to the United Nations Office on Drugs and Crime (UNODC). A growing number of jurisdictions have established legal frameworks for the non-medicinal use of adults, including social, religious, and cultural purposes. Furthermore, formalizing activities related to the product's cultivation, production, and trade in a (legally regulated) legal marijuana market will facilitate access to information and increased consumption among consumers, which is expected to provide opportunities for the market in the upcoming years. A report from Fortune Business Insights projected that the global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period.  Active Companies from around the market with current developments this week include:  Leafbuyer Technologies, Inc. (OTCQB: LBUY), Cronos Group Inc. (NASDAQ: CRON), Canopy Growth Corporation (NASDAQ: CGC), SNDL Inc. (NASDAQ: SNDL), Tilray Brands, Inc. (NASDAQ: TLRY).

Key Points: 
  • A report from Fortune Business Insights projected that the global cannabis market size was valued at USD 43.72 billion in 2022 and is projected to grow from USD 57.18 billion in 2023 to USD 444.34 billion by 2030, exhibiting a CAGR of 34.03% during the forecast period.
  • In July, Cronos signed a distribution agreement with Cansativa Group ("Cansativa"), one of the leading distributors of medical cannabis in Germany.
  • Cansativa is a market leader in the medical cannabis market and is a driving force in the German cannabis industry.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.