Cannabis carnage continues as shares of Canopy Growth fell 40% the other morning on the Toronto Stock Exchange. This came after the company announced it was issuing new shares to reduce its debt load. Meanwhile, Organigram posted a net loss of $213.5 million for its third quarter. The CEO, Beena Goldenberg, blamed “THC inflation.” That is, companies that exaggerate their THC levels to boost higher sales. Organigram’s total net revenue for the quarter declined by 14%, after a 17% decline
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Cannabis carnage continues as shares of Canopy Growth fell 40% the other morning on the Toronto Stock Exchange. This came after the company announced it was issuing new shares to reduce its debt load. Meanwhile, Organigram posted a net loss of $213.5 million for its third quarter. The CEO, Beena Goldenberg, blamed “THC inflation.” That is, companies that exaggerate their THC levels to boost higher sales. Organigram’s total net revenue for the quarter declined by 14%, after a 17% decline […]
The post Cannabis Carnage appeared first on Cannabis | Weed | Marijuana | News.
Cannabis | Weed | Marijuana | News
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