22:37:53 EST Sat 27 Nov 2021
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for Nov. 23, 2021

2021-11-23 20:14 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 a fraction to 118.69, while the CSE Composite Index added 10.55 to 580.97. Another tech giant is feeling its way into the cannabis industry. Uber, the ride-hailing and food delivery app, has formed an "innovative partnership" with Canadian cannabis grower Canopy Growth Corp. (WEED), down 11 cents to $14.72 on 3.32 million shares. Users of the Uber Eats app will now be able to order cannabis for pickup from one of Canopy's four dozen Tokyo Smoke outlets in Ontario.

The agreement represents Uber's entry into the cannabis business, a move it has been publicly mulling for several months. It patted itself on the back for attracting an "industry leader" like Tokyo Smoke. Canopy returned the praise, dubbing itself "thrilled" to be working with such a "market leader in innovation" as Uber. Canopy is the first cannabis retailer to list on the Uber app. Customers can look for its products under the new cannabis category and place their orders for pickup after about an hour.

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

© 2021 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.