06:39:57 EDT Sun 27 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for July 9, 2020

2020-07-09 19:37 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index lost 2.1 points to 140.57 Thursday, while the Canadian Securities Exchange Composite Index gained 5.13 points to 394.29. The Globe and Mail reported today that cannabis companies are seeing a spike in insurance premiums to protect top executives from personal liability. According to a Reuters dispatch to The Globe, Medmen Enterprises Inc. (MMEN: $0.255), Canopy Growth Corp. (WEED: $21.88), Canntrust Holdings Inc. (TRST: $0.91), Aphria Inc. (APHA: $5.68) and Columbia Care Inc. (CCHW: $3.51) have each faced shareholder litigation. The accusations have ranged from the executives making false claims, failing to act in the interest of shareholders and attempts to defraud investors.

For cannabis companies trying to cut costs, as most of them are, the rising costs come at a bad time. The Globe and Mail reports that the industry had already been paying rates and deductibles much higher than those paid by non-cannabis companies.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.