CannTrust preliminary estimates shows Q1 net revenue to more than double

CannTrust preliminary estimates shows Q1 net revenue to more than double
VAUGHAN, Ont. — CannTrust Holdings Inc. says the company’s net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn’t finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,612.81, up 68.57 points). Goldcorp Inc. (TSX:G). Materials. Down 49 cents, or 3.28 per cent, to $14.43 on 42.2 million shares. Prometic Life Sciences. Inc. (TSX:PLI). Health care. Unchanged at five cents on 8.9 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up eight cents, or 0.67 per cent, to $12.03... Read More

Canopy Growth signs US$3.4B deal to buy U.S. company Acreage Holdings

Canopy Growth signs US$3.4B deal to buy U.S. company Acreage Holdings
SMITH FALLS, Ont. — Canopy Growth Corp. has signed an agreement to buy U.S. company Acreage Holdings Inc in a deal valued at US$3.4 billion if cannabis becomes federally legal in the United States. Bruce Linton, Canopy’s chairman and co-chief executive, says the deal secures the company’s entrance strategy into the United States as soon as a federally-permissible pathway exists. Acreage... Read More

Rogers reports first-quarter profit and sales down, falls short of expectations

Rogers reports first-quarter profit and sales down, falls short of expectations
TORONTO — Rogers Communications Inc. fell short of expectations as its first-quarter profit and revenue declined compared with a year ago. The wireless, cable and internet company says it earned $391 million or 76 cents per share for the quarter ended March 31. That compared with a profit of $425 million or 80 cents per share a year ago when Rogers received... Read More

Kinder Morgan options for Canadian branch delayed due to ‘complexity’

Kinder Morgan options for Canadian branch delayed due to ‘complexity’
CALGARY — Kinder Morgan Canada Ltd. says it is continuing to evaluate its strategic options and hopes to announce its next steps in coming weeks. The company was spun off from its American parent in mid-2017 to raise money to build the Trans Mountain pipeline expansion but that purpose no longer exists after it sold the existing pipeline and its expansion project to the federal government... Read More

CRTC holds hearing into dispute between Quebecor and Bell over TVA Sports signal

CRTC holds hearing into dispute between Quebecor and Bell over TVA Sports signal
GATINEAU, Que. — The head of Quebecor Inc. questioned the power of the Canadian Radio-television and Telecommunications Commission in its quarrel with Bell and tried to blame the regulator for a potential termination of TVA Sports. The CRTC held a hearing Wednesday to address the dispute between the two media companies that led to the temporary suspension of TVA Sports’ signal for Bell subscribers until a judge last... Read More

Activist investor sues Hudbay Minerals over regulatory filings ahead of meeting

Activist investor sues Hudbay Minerals over regulatory filings ahead of meeting
TORONTO — An activist investor has launched a legal suit against Hudbay Minerals Inc. over the way it’s been represented in company filings. Waterton Global Resources, which owns about 12 per cent of Hudbay stock, has accused Hudbay of making “inflammatory and inaccurate aspersions” against it in an information circular ahead of the company’s May 7 special and annual meeting. The... Read More

Canopy Growth CEO expects to hit $1B in revenue for fiscal year 2020

Canopy Growth CEO expects to hit $1B in revenue for fiscal year 2020
TORONTO — Canopy Growth Corp.’s co-chief executive says he is expecting a “growth quarter” ahead and foresees the cannabis company will generate $1 billion in revenue during its next financial year. Bruce Linton says the Smiths Falls, Ont.-based licensed producer has ramped up the pace of its packaging and shipping processes and anticipates sales growth to accelerate by the final... Read More

CEO says future of Bombardier’s regional jet depends on beefing up backlog

CEO says future of Bombardier’s regional jet depends on beefing up backlog
MONTREAL — The head of Bombardier Inc. says the continuation of its regional jet program hinges on whether the company can fill up the CRJ’s partly blank order book. “We’re trying to keep this product line going, because there’s only two competitors there,” Alain Bellemare said. “But it depends if we can fill up the backlog.” “We’re assessing options as we speak, so we’ll... Read More