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Canada's main stock index fell to a near three-week low on Monday in a broad-based selloff led by cannabis, energy and financial stocks, as investors remained nervous over the pace of rate hikes ...
Cannabis stocks have taken a hit since Election Day, Nov. 3.The latest Hifyre cannabis sales data out of Canada suggests some concerning trends in the market.The Numbers: Month-over-month ...
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Global X Investments Canada Inc. (formerly Horizons ETFs) is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X Investments Canada Inc. [2] In April 2017, Global X began offering the first cannabis industry focused exchange-traded fund (ETF), Global X Marijuana Life Sciences Index ETF.
VIVO received two of the first 15 licences by Health Canada in 2014. [2] It became a publicly traded company in April 2017 on the TSX Venture Exchange.In August 2017, the company received a $15 million investment by Cannabis Wheaton to fund the second production facility at its 65-acre property in Napanee. [3]
A report in October 2019 by Bloomberg News painted a bleak picture of the legal cannabis industry. Because of the relatively few retail outlets, especially in Ontario, and the high retail prices, the black market remained persistent. An independent cannabis research firm estimated that the black market accounted for 86% of cannabis sales.
Cowen Managing Director and Senior Research Analyst Vivien Azer joins Yahoo Finance Live to discuss the outlook for the cannabis industry as weed stocks decline.
Investors sold out of North American weed stocks when the news hit. Clearly, many of them see a dark future ahead for such stocks. ... According to media reports citing campaign finance records ...