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• January 18, 2021 11:26 AM EST

  Sierra Metals (TSX: SMT) 2020 Production Rises Despite Pandemic

  Canadian mining company Sierra Metals consolidated mill throughput in 2020 rose by 6 per cent to 2.8 million ore. The growth was led by gold and copper productions, which witnessed an year-over-year increase of 18 per cent and 11 per cent, respectively.

  Complete details of Sierra Metals (TSX: SMT) 2020 production

  Precious and Base Metal	Production in 2020	Year-over-year % increase (2020 vs 2019)
  Copper	44.3 million pounds	11%
  Silver	3.5 million ounces	3%
  Gold	13,771 ounces	18%
  Zinc	81.9 million pounds	1%
  Lead	33.0 million pounds	7%
  Total	2.8 million ore tonnes	6%

   

  The production surged despite continued COVID-related operational challenges.

   

  The company predicts its copper equivalent production in 2021 will be 130.0 to 141.0 million pounds. Its consolidated EBITDA will be between $155.0 million and $170.0 million.

  Sierra plans to invest up to $78.0 million on capital expenditures in 2021, including $10.0 million carried over 2020 Capex Budget, $37.0 million for capital requirements and $41.0 million for business development and expansion.

  Sierra Metals stock is currently trading at C$ 4.54 apiece. Its current market cap is C$739 million with a price-to-earning ratio of 26.5 and price-to-book ratio of 9.2, as per TMX data.

• January 18, 2021 11:09 AM EST

  Alimentation Couche-Tard Terminates Carrefour Acquisition Plan Amid French Protest

   

  • Canadian convenience store giant Alimentation Couche-Tard (TSX: ATD.A, ATD.B) and French grocer Carrefour SA have discontinued their US$20-million merger plans.
  • The development comes amid rising protest by French finance minister over concerns of foreign control on domestic food supply.
  • The two retail companies will, however, explore “operational partnerships” and share best practices to optimizing purchasing volumes of fuel, product distribution, branding and innovation, and so on. The companies released a joint statement on January 16 announcing the decision.
  • Through the merger, the companies could have a network of 14000+ convenience stores across North America and Europe.
  • In a last-ditch attempt to acquire Carrefour SA, Couche-Tard even announced a US$3.6-billion investment deal in the French retail company, promising no job cuts at two years and so on.
  • As per media reports, Canadian federal officials tried push through the deal, citing the close links and business deals between the two nations. In 2020, Alstom SA acquired Canadian manufacturer Bombardier Inc.
  • At the time of writing this (10:42 am ET), Alimentation Couche-Tard Class B shares were up over 1.6 per cent at C$ 38.59 while Carrefour stocks plunged by 6.38 per cent to Euro 15.55.

   

• January 18, 2021 09:39 AM EST

  Fire & Flower (TSX: FAF) Boosts Its Free Same-Day Delivery In Ontario Region

   

  • Fire & Flower Holdings Corp. (TSX: FAF), the Toronto-based retail cannabis company, announced that it has directed its stores to expand its free same-day delivery program in the Ontario 
  • The new expansion program will cover the entire region from North Bay south to Toronto and from London east to Ottawa.
  • The cannabis products retailer has improved its footprint in the region with new acquisitions and stores. The company has recently acquired retail brands, such as Friendly Stranger, Happy Dayz, and HotBox.
  • Its Chief Executive Officer Trevor Fencott stated that they have taken these steps to meet existing marijuana demand in the province. The retailer has been supplying legal marijuana products to its clients via e-commerce and delivery network throughout the COVID-19 pandemic crisis.
  • In the third quarter of 2020, ended on October 30, 2020, the pot company recorded revenue of C$ 33.1 million, a massive surge of 142 per cent year-over-year (YoY), and a 147 per cent rise in its annual revenue to C$ 84.8 billion. The company also registered revenue growth in the wholesale distribution operation, up 22 per cent quarter-over-quarter (QoQ).
  • Stocks of the company are currently trading at C$ 0.80, with a market cap of C$ 182.1 million, as per TMX data. Its share has a 10-day average volume of 1.2 million. It has nearly 211.8 million listed shares outstanding on TMX and a price-to-book ratio of 86.

   

• January 17, 2021 12:22 AM EST

  Natural Resources' Real GDP Up 0.3% in Q3 2020: StatCan

   

  • Canada saw a 0.3 per cent jump in the real gross domestic product (GDP) of its natural resources sector in the third quarter of 2020, reported national data agency Statistics Canada. The latest rise comes after a record fall of 10.7 per cent in the second quarter.
  • Economy-wide real GDP climbed by about 8.9 per cent in Q3 2020 after a decline of 11.3 per cent in Q2 2020.
  • The energy subsector saw a drop of three per cent in the third quarter of 2020, primarily fueled by the lowered extractions of crude oil and natural gas for three quarters in a row.
  • Real GDP of metallic minerals shot up by about 18 per cent in Q3 2020 after a decline of 16.1 per cent in the previous quarter. The gain was primarily driven by the increased mining of gold, copper, nickel, lead and zinc during the quarter.
  • Non-metallic minerals, on the other hand, registered a seven per cent drop in its real GDP in Q3 2020, motored particularly by the decline in potash mining.
  • The forestry subsector saw its real GDP climb by 11.8 per cent in the third quarter of 2020.

• January 15, 2021 01:21 PM EST

  Alimentation Couche-Tard To Invest US$3.6 Billion In Carrefour To Push Takeover Bid

   

  • Canadian retail giant Alimentation Couche-Tard (TSX:ATD.B, ATD.A) is planning to pump US$3.6 billion in French grocer Carrefour SA over the next five years in an attempt to save its takeover bid.
  • French Finance Minister on Friday, January 15, reiterated his objection to a planned acquisition of Paris-based grocery chain by the Canadian retailer.
  • The Couche-Tard confirmed on Wednesday, January 13, that it had offered a non-binding proposal of 20 euros per share, which valued continental Europe’s biggest retailer at 16 billion euros or US$ 19.6 billion.
  • Shares of the French retailer plunged nearly 5.7 per cent on Euronext Paris on Friday. The decline came as the French Finance Minister Bruno Le Maire asserted ‘a complete no’ to the deal.
  • Earlier, he voiced concerns about French retailers’ takeover by foreign companies, which could hurt its domestic food supply. The French government recently alerted authorities to block any foreign acquisition.
  • Alimentation Couche-Tard’s stock has tumbled over 12 per cent, led by the company’s confirmation to explore this deal. Its 10-day trading average volume has rushed to 5.5 million. The company’s present market cap (All classes) is C$ 40.39 billion. The company has a current stock price of C$ 36.29, and its total listed ATD.B shares outstanding are 856 million.

• January 14, 2021 11:16 AM EST

  Velan (TSX: VLN) Posts 19% YoY Drop in Sales in Q3 2020

   

  • Velan Inc (TSX: VLN), a Montreal-based industrial valve manufacturer, announced its financial results for the third quarter of fiscal 2020, ending 30 November 2020, on Wednesday, January 13.
  • The company reported that amid the coronavirus pandemic, its Q3 2020 ended with a backlog of US$ 561.8 million. Its bookings, meanwhile, climbed by 72.4 per cent year-over-year (YoY) to US$ 167.6 million in the latest quarter.
  • Velan Inc recorded a 19.3 per cent YoY fall in its sales for Q3 2020, amounting to US$ 71.6 million.
  • The company posted a net cash balance US$ 73 million at the end of the third quarter
  • It saw a gross profit of US$ 22 million and net earnings of US$ 9.5 million in Q3 2020.
  • Velan Inc’s operating profit before restructuring and transformation costs stood at US$ 2.2 million, while its adjusted EBITDA was US$ 5.6 million in the latest quarter. The company said that both numbers showed YoY improvements despite lower sales.
  • At the end of its last fiscal year, ending 29 February 2020, Velan’s board of directors had decided to suspend its quarterly dividend. In its latest financial report, the company reported that this decision remains unchanged.

• January 14, 2021 11:16 AM EST

  Aritzia Inc (TSX: ATZ) Reports 79% YoY Surge in E-commerce Revenue

   

  • Aritzia Inc, a Vancouver-based fashion retailer, announced its third quarter financial results for fiscal 2021, ending 29 November 2020, on Wednesday, January 13.
  • The apparel company reported that while its net revenue rose by 4.1 per cent year-over-year to C$ 278.3 million in Q3 FY21, its revenue generated from e-commerce business surged by 78.5 per cent YoY.
  • About 96 per cent of Aritzia’s boutiques reopened after lockdown at the beginning of the third quarter. However, as lockdown protocols were implemented in many regions amid rising number of COVID-19 cases, the company saw reclosure of about 18 of its boutiques on 23 November 2020.
  • By the end on the third quarter 2020, the company reported having 82 per cent of its boutiques up and running.
  • Aritzia Inc’s gross profit margin climbed to 45.3 per cent in Q3 FY21, while its adjusted EBITDA decreased to C$ 54.6 million.
  • Its adjusted net Income stood at C$ 32.2 million in the latest quarter, down from C$ 35.7 million in Q3 FY20.
  • Aritzia Inc reported in its latest financial report that its cash and cash equivalents stood at C$ 174 million by the end of Q3 FY21, up from that of C$ 95.7 million in Q3 FY20.

• January 14, 2021 08:09 AM EST

  French Finance Minister Opposes Couche-Tard's (TSX: ATD.B) Proposal To Acquire Carrefour

   

  • Stocks of Canadian retail giant company Alimentation Couche-Tard Inc (TSX:ATD.B) fell as much as 10.2 per cent on Wednesday, January 13, as the French government opposed its takeover of French grocer Carrefour SA (CRERF:US).
  • Carrefour stocks, meanwhile, surged by 2.6 per cent on the back of this report.
  • French Finance Minister Bruno Le Maire has expressed his concerns about the US$ 20 billion retail deal and reportedly said that he is not in favor of this arrangement.
  • He stated that the COVID-19 pandemic crisis has shone light on the importance of local control over the essential retail industry, as per media reports.
  • Alimentation Couche-Tard had announced on Tuesday, January 12, that it has initiated acquisition talks with Carrefour. The company, however, had pointed that the discussion may not lead to a final agreement, as per the company’s exchange filing.
  • Couche-Tard is offering 20 euros per share to buy Carrefour.
  • The Canadian company saw over 25 million shares change hands on Wednesday.
  • Its current market cap is approximately C$ 41.3 billion.
  • The retail giant pays a quarterly dividend of C$ 0.087 per stock and currently holds a dividend yield of 0.916 per cent, as per the data on TMX Group.

• January 13, 2021 12:06 PM EST

  Canadians Spent More on Food & Less on Travel in October-November: StatCan

   

  • Expenditure patterns have changed amid the COVID-19 lockdown restrictions, which saw Canadians travelling less and buying some items more and others less, a recent report by Statistics Canada pointed.
  • Changes in household expenditure patterns, StatCan noted, impacts fixed basket price indexes such as the Consumer Price Index (CPI), which is used to calculate consumer price inflation.
  • Consumer expenditures for the month of October 2020 were closely aligned with the basket weights in 2017 for most major components.
  • The share of consumer expenditure on food climbed around October as new lockdown restrictions were imposed to curb the increasing coronavirus cases in the fall.
  • Meanwhile, consumers invested less money in traveling and clothing as compared to July, StatCan reported.
  • October saw an increase in the adjusted basket weight for household tasks, furnishings and equipment component as people spent more on financial and household services.
  • At the same time, Canadians also tend to have spent more on durable household items such as furniture, appliances, tools, utensils, etc. in October last year. This resulted in consumer expenditure on durable goods climbing at a record pace in the third quarter of 2020.
  • The annual average CPI for the 12 months ending November 2020 was up 1.1 per cent year-over-year for the adjusted price index, reported Statistics Canada.

• January 13, 2021 09:52 AM EST

  Goodfood (TSX:FOOD) Reports 62% YoY Revenue Jump in Q1 FY21

   

  • Goodfood Market Corp released its latest financial results for the first quarter of fiscal 2021, ending 30 November 2020, on Wednesday, January 13.
  • The Canadian online grocery company saw its revenues surge by C$ 35.1 million, or 62 per cent year-over-year (YoY), to C$ 91.4 million in the first quarter of fiscal 2021.
  • Its gross margin improved by 3.5 percentage points to 32.3 per cent, while its gross profit saw an increase of C$ 13.4 million, or 82 per cent YoY, to C$ 29.6 million.
  • Goodfood reported a positive adjusted EBITDA with a 1.5% per cent margin in Q1 FY21, up by eight percentage points YoY.
  • The company posted a net loss of C$ 2.6 million in the latest quarter, which was an improvement of C$ 2.5 million YoY.
  • Its quarterly cash flow from operating activities stood at C$ 2.1 million, an increase of C$ 0.7 million YoY.
  • Goodfood Market Corp ended the first quarter of fiscal 2021 with a cash balance of C$ 104.1 million.
  • As an online grocery retailer, the company reported that its active subscribers base surged by 76,000 new members, or 33 per cent YoY, to 306,000 by the end of November last year.
  • Stocks of Goodfood Market Corp are currently priced at C$ 13.68 and are ranked high among top trending consumer stocks on the Toronto Stock Exchange (TSX).

• January 12, 2021 12:10 PM EST

  Investment In Building Construction Down Third Straight Month In Nov’20: StatsCan

   

  • Total investment in building construction across Canada slumped for the third straight month, down 0.1 per cent to C$ 15.3 billion in November 2020. The figures were released Statistics Canada on Tuesday, January 12. The investment was down 0.3% to C$ 12.4 billion in November, when calculated on constant dollar basis (2012=100).
  • The drop was recorded in both residential and non-residential construction segments. Ontario and Nova Scotia posted gains but were offset by declines other six provinces.
  • Investment is non-residential construction remained mostly flat at C$ 4.4 billion in November due to renewed lockdowns and work from home conditions across Canada. While commercial building investment declined (down 13.5 per cent from March 2020), industrial building construction investment went up by 0.6 per cent in November. The gains were recorded in Ontario and Quebec.
  • Investment in residential build constructions also dropped by 0.1 per cent – the first decline in six months. Investment growth continued in single-unit buildings up 2.1 per cent to C$ 5.6 billion in November and up 9.4 per cent YoY. However, multi-unit dwellings recorded a slump, down 2.2 per cent to C$ 5.2 billion.

• January 12, 2021 12:08 PM EST

  10 Issuers Debuts On TSX in December 2020, 8 On TSXV

   

  Ten new issuers debuted on the on Toronto Stock Exchange (TSX) in December 2020 while eight debuted on the TSX Venture Exchange (TSXV), announced the sibling exchange’s parent TMX Group in on Tuesday, January 12, 2021.

  The TSX had recorded 11 debutants in November 2020 and in the previous month and three in December 2019. The new listings in December 2020 included were four ETFs, two closed-end funds, one company from each of the following segments: life sciences, technology, oil & gas, and mining.

  TSX 2020 Statistics

  

  The TSXV welcomed three capital pool companies, four mining firms and one financial services company. The debuting issuers were up from four in November 2020 and 12 in December 2019 .

  On the TSX, total financings raised in December 2020 was 65 per cent year-over-year. However, the TSXV financings went up 145 per cent YoY.

• January 12, 2021 12:04 PM EST

  Ontario May Invoke ‘Emergency’ Over Rising COVID-19 Toll Death

   

  Ontario Premier Doug Ford is set to announce slew of new COVID-19 lockdown rules on Tuesday afternoon. Several media reports claimed that the province is considering implementing “a state of emergency”.

  Total death toll in Ontario touched 5,021 on Tuesday morning.

  Some of the actions that could be implemented include:

  • Lowering the outdoor gatherings limit from 10 people to five
  • Shopping hours to set from 7 am to 8 pm
  • No workers in office or limiting to only essential workers
  • Restrictions on construction industry

  Ontario has reported 224,000 COVID cases so far. The province recorded 2,900 new cases and 41 more deaths in last 24 hours. Health Minister Christine Elliott took to Twitter to inform that 837 new cases were detected in Toronto, 545 in Peel, 249 in York Region and 246 in Niagara. There are over 30,000 active cases of the virus.

  The total number of cases in entire Canada stood at 668,000 with over 569,000 recoveries and more than 17000 deaths.

  Ontario also reported the largest single-day increase in hospitalizations due to COVID cases on Tuesday.

  So far, 14 cases of the more contagious mutant variant from the United Kingdom has been detected in Ontario.

• January 11, 2021 11:41 AM EST

  Triangle Capital & Bulldog Capital Close Investment Deal in World's 1st IVF Clinic Bourn Hall

   

  • Canadian specialty finance company Triangle Capital Corporation partnered with Toronto-based merchant bank Bulldog Capital Partners Inc to close the deal.
  • Established in Cambridge, Bourn Hall is known for its pioneering work in the field of in vitro fertilization (IVF) since the birth of the world’s first test-tube baby in 1978.
  • It currently runs a network of fertility clinics across the world, serving over 3,500 families a year in UK alone, as per the release.
  • Bourn Hall said that it plans to utilize the investment from the Canadian firms to expand its capacity locally and abroad, pointing that the demand for fertility treatments is increasing at an expected rate of 8.9 per cent every year across the world.
  • Its chief executive Dr Mike Macnamee has described Triangle Capital Corporation as the “best fit” among investors as the firm shares its vision of client care and future perspectives.
  • Following the closure of the deal, Triangle Capital Corporation co-founder Andrew Clark will lead as the chairperson of Bourn Hall, while existing directors and senior management team under Dr Macnamee remain in their positions.
  • Founded in 2020, Triangle Capital Corporation is a private investment firm that focusses in finance, real estate and consumer facing businesses. It also specializes in mergers and acquisitions, brand building, asset management, etc.
  • Bulldog Capital Partners Inc, on the other hand, came to being in 2019 and focuses on private equity investments and advisory services.

• January 11, 2021 11:39 AM EST

  Donald Trump Should Pay For Damages to US Capitol Hill, Says New York Senate Candidate

  US President Donald Trump must pay for the damages inflicted on the Capitol Hill building in Washington, claimed Khaled Salem, who is running for the US Senate in New York. The statement comes days after media reports said that US taxpayers will be paying for the damages to the building caused by the violent riot and enhanced securities processes in the future.

  In an official statement on Monday, January 11, 2021, Mr Salem urged all Americans to file lawsuit against the current President for “violence”, “vandalism” and “destructive consequences” spewed by Mr Trump’s followers.

  “Why should we shoulder this burden?” questioned Mr Salem, while condemning the anti-democratic riot.

  Highlighting the irony, Mr Salem –who is gearing up to contest the US Senate 2022 polls – said that the protestors were demanding democracy but acting out via “fascist tactics”.

  The riots were allegedly prompted by Mr Trump, after he incited his supporters to storm the Capital Hill to overturn his defeat in the US presidential election of 2020 and stop the Congress from officially declaring Democrat Joe Biden’s Presidential election victory.

  The mob violence claimed five lives and at least 60 injured.

• January 11, 2021 06:14 AM EST

  Datametrex (TSXV:DM) Supplies COVID-19 Test To Air Canada (TSX:AC) Employees

  • Canada-based Datametrex AI Limited, a data firm with interests in health sector, has started providing COVID-19 test kit for the Air Canada staff.
  • The polymerise chain reaction (PCR) tests are being used on the airline’s front-line and inflight employees who directly interact the travelers, such as flight attendants and pilots, said the company in a release on Monday.
  • Air Canada had announced its COVID testing arrangement with Datametrex (on as-needed basis) in a tweet on November 22, 2020.
  • Datametrex has supplied thousands of PCR test kits to organizations and employees in the last seven months to help contain the spread of the COVID-19 virus, said the company’s CEO Marshall Gunter.
  • Datametrex, currently trading at C$ 0.18, has a market cap of C$ 48 million. It operates in the fields of artificial intelligence and machine learning via its subsidiary Nexalogy.
  • The firm launched Concierge Covid-19 testing service for travelers in Toronto and Vancouver last week. This service allows individuals to test for COVID from the comfort of their personal location or homes.
  • Datametrex also acquired Concierge Medical Consultant Inc. last week. The deal will come into effect from January 20, 2021.
  • Datametrex stocks are among the most active stocks on the TSXV, recording an average of over 5 million share volume trading in the last 10 days.

• January 10, 2021 12:32 AM EST

  Canada Needs More COVID Jabs To Meet Inoculation Target, Says Minister

   

   

  • Canada is trying to attain more COVID-19 vaccines, said federal procurement minister Anita Anand on Friday.
  • Canada had already put several proposals on the table to vaccine manufacturers to quickly procure more supplies, which increases the price per shot.
  • While briefing a daily COVID-19 pandemic press conference on Friday, she stated that the government will do whatever it takes to get faster vaccine deliveries.
  • Canada has authorized two COVID-19 vaccines so far and presently has deals to obtain four million vaccines from Pfizer-BioNTech and another two million Moderna doses by the end of March 2021. Canada has reserved doses for approximately 250,000 people.
  • Canada's deals with the vaccine producers have not yet been disclosed, but the federal minister informed that the country gave fair market value for the COVID-19 vaccine procurement.
  • The country’s capacity to achieve its September inoculation target now relies on Health Canada's authorization of COVID-19 vaccines such as AstraZeneca and Johnson & Johnson.
  • However, stock value of vaccine makers have tumbled in the wake of the new coronavirus mutant fear. Moderna Inc. (MRNA:US/NASDAQ: MRNA) scrips have plunged more than 33 per cent in one month. Stocks of Pfizer Inc. (PFE:US/NYSE: PFE) have declined nearly 13 per cent in one month.

   

• January 09, 2021 06:46 AM EST

  TELUS International (TSX: T) Files For IPO On NYSE & TSX

  • TELUS Corporation declared that it summited its subsidiary TELUS International Inc’s Form F-1 with the US Securities and Exchange Commission (SEC) on January 8. The form is submitted to the SEC for the listing of specific securities by any overseas company.
  • The company is also considering applying for an initial public offering (IPO) of its subordinate voting units of TELUS International with the Canadian securities commissions on January 11.
  • As part of the proposed plan, TELUS International expects to go public on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). The company has not disclosed the IPO issue price and number of units it plans to offer.
  • This IPO will lead to a reclassification of subordinate voting shares owned by TELUS Corporation, Baring Private Equity Asia, and the selling stakeholders. The company has named its bookkeepers include JP Morgan Securities, Morgan Stanley, and Barclays.
  • Meanwhile, TELUS stocks are actively trading on the TMX. Its 10-day average volume stands at 3.25 million units. The telecom stock offers a return on equity of 11.49 per cent. Its current market cap is approximately 34.26 billion. Its present price per stock is C$ 26.55.

• January 08, 2021 11:18 AM EST

  Engine Media (TSXV: GAME) Reports Q4 2020 Revenue of $7.2 Million

   

  • Gaming and esports firm Engine Media Holdings released their fourth quarter and full-year 2020 results on Friday.
  • The company fourth quarter 2020 revenues was $7.2 Million with an Revenue Exit Run Rate of over $28 Million. The annual year-over-year revenue growth rate was 163 per cent.
  • The company’s had earlier announced convertible debenture settlements for $10.72 million by issuance of 1.4 million units at a price of $7.50 per share.
  • Each unit consisted of a stock and 3/4 of a warrant. The complete warrant’s exercise price is $15 per share for three years.
  • The firm settled $10.7 million in convertible debenture debt, which have been approved by the TSX Venture.
  • The company sold its motorsport publishing businesses (Motorsports Assets) of IDEAS+CARS, WTF1, The Race Media, and Driver DataBase to the UK-based investment group Ideas + Cars Holdings Limited. The Motorsports Assets reported revenue of $0.56 million and an operating loss of $5.86 million for the year ending August 31, 2020.
  • Engine Media stocks are currently trading at $10, and is a part of TMX’s Top Communication and Junior Communication Stocks, a list of shares outperforming their peers on the TSX and TSXV.

   

• January 08, 2021 09:15 AM EST

  Canopy Growth’s (TSX:WEED) Tokyo Smoke Expands Footprint Across Ontario

   

   

  • Canopy Growth Corporation's retail brand Tokyo Smoke is opening nine physical retail stores across throughout January 2021, it announced in an official release.
  • Canopy is expanding the footprints of Tokyo Smoke over the rise of recreational cannabis sales increasing in 2020.
  • The pot company said that stores have all necessary COVID-19 health and safety measures I place.
  • Tokyo Smoke brand was developed in Ontario, the largest recreational cannabis market in Canada, said the company.
  • Four stores are launching in Toronto, while one each in Brantford, Kanata, Nepean, North York, Scarborough and Toronto.
  • With this, the total number of Tokyo Smoke stores will touch 22 in Ontario and 35 across Canada.
  • Canopy stocks are currently trading at C$ 38.77 apiece, up 28 per cent in the last one year.
  • The company’s current market capitalization (as on January 8, 2021) is above C$14 Billion.
  • The current earnings per share ratio is 56.6, and price to book ratio is 2.946.
  • In an effort to streamline its operations, Canopy Growth announced cease of operations at St. John's, Newfoundland and Labrador; Edmonton, Alberta; Fredericton, New Brunswick; Bowmanville, Ontario; and Saskatchewan. The move impacted 220 Canopy employees.