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CANOPY OFFERS GOOD NEWS

Canopy’s Q3 earnings report beat expectations with $123.8M in net revenue (up from $76M last quarter) and an adjusted EBITDA loss of $91.7M (down from $156M in Q2). These results were better than the analyst-expected $105.4M in revenue and $110 EBITDA loss. Canopy stocks spiked, and stocks across the sector followed.
Twitter—Jeff Lagerquist, BNN Bloomberg, Twitter—David George-Cosh

Quick Hits

  1. A New Brunswick dispensary raided in November announced it would be closing its physical locations, but would continue to do sell unlicensed products via its website.
    GrowthOp, Digital Journal
  2. Here’s a guide to applying for a REC retail licence across various provinces.
    Cannabis Retailer