• How this CBD company created a buzz by 'kind of making fun of millennial culture'
    Yahoo Finance

    How this CBD company created a buzz by 'kind of making fun of millennial culture'

    Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.

  • Company News For Nov 15, 2019
    Zacks

    Company News For Nov 15, 2019

    Companies In The News Are: CGC, VIAB, NTAP, GLOB.

  • Are Options Traders Betting on a Big Move in Canopy Growth (CGC) Stock?
    Zacks

    Are Options Traders Betting on a Big Move in Canopy Growth (CGC) Stock?

    Investors need to pay close attention to Canopy Growth (CGC) stock based on the movements in the options market lately.

  • Financial Times

    Google/travel sites: rout of passage

    US online travel sites Expedia, TripAdvisor and Booking Holdings make their living peddling dream vacations in far-flung locales. Dismal results last week sent stocks plunging. Google was to blame.

  • Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates
    Zacks

    Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates

    Aurora Cannabis Inc. (ACB) delivered earnings and revenue surprises of 133.33% and -21.69%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Why Marijuana Stocks Plummeted in 2019
    Zacks

    Why Marijuana Stocks Plummeted in 2019

    Marijuana stocks were on a tear last year, but 2019 has sent stock tumbling back down to Earth. What happened?

  • Should You Be Tempted To Sell UGI Corporation (NYSE:UGI) Because Of Its P/E Ratio?
    Simply Wall St.

    Should You Be Tempted To Sell UGI Corporation (NYSE:UGI) Because Of Its P/E Ratio?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Canopy Growth Corporation (CGC) Reports Q2 Loss, Lags Revenue Estimates
    Zacks

    Canopy Growth Corporation (CGC) Reports Q2 Loss, Lags Revenue Estimates

    Canopy Growth Corporation (CGC) delivered earnings and revenue surprises of -203.70% and -24.73%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge
    Bloomberg

    Canopy Slumps After ‘Astounding’ Loss, Restructuring Charge

    (Bloomberg) -- Canopy Growth Corp. shares fell to the lowest in nearly two years after the pot company reported revenue that missed the lowest analyst estimate and a loss that one analyst called “astounding.”The world’s largest cannabis company by market value also said it’s unlikely to meet its previous guidance of C$250 million ($189 million) in revenue by the fiscal fourth quarter, which ends March 31.Shares fell as much as 18% Thursday to C$20.15, the lowest since December 2017. The stock has lost more than 70% since its recent highs in April amid broad-based pressure on the cannabis sector. Investors are growing increasingly impatient with companies that don’t show a clear path to profitability, and other factors ranging from a vaping-related health crisis to regulatory concerns are also weighing on shares.Chief Executive Officer Mark Zekulin said the company is still on track to achieve its other targets, including positive adjusted earnings before interest, taxes, depreciation and amortization in Canada by fiscal 2021, and full profitability in three to five years.Its expectation for gross margins above 40% by the end of the current fiscal year is “under pressure” but still “achievable,” Zekulin said in a phone interview Thursday.“There are several known factors causing the market problems,” he said. “As quickly as we see those get resolved, then the quicker we can get back on track for that C$250 million, whether it’s a month late or a quarter late, and see all the other things follow suit.”Canopy took a restructuring charge of C$32.7 million for returns, return provisions and pricing allowances in the quarter. These are primarily related to its portfolio of softgel and oil products, which haven’t been selling as well as expected. It also took an inventory charge of C$15.9 million to align its portfolio with a new retailing strategy.“We do not consider this type of adjustment to be one-time, as it reflects returns and new pricing architecture and package assortment going forward,” Bill Kirk, analyst at MKM Partners, said in a note. He called the magnitude of the Ebitda loss “astounding,” and said Canopy’s “excessive equity comp policy” was responsible for much of it.However, Zekulin said he’s confident the charges are one-time items.Overall, Canopy reported fiscal second-quarter net revenue of C$76.6 million, well below the consensus estimate of C$102.3 million, and an Ebitda loss of C$155.7 million. Analysts had expected an Ebitda loss of C$96.1 million.The company is searching for a new leader after co-CEO Bruce Linton was fired in July, and Zekulin said he’d step down once a replacement is found. The company has narrowed down its shortlist of candidates to a number “you can count on one hand,” Zekulin said, and hopes to make an announcement before the end of 2019.(Updates to add CEO comments in paragraphs 4-6, 9, 11)To contact the reporter on this story: Kristine Owram in New York at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Courtney Dentch, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • SemGroup (SEMG) Reports In-Line Loss & Revenue Miss in Q3
    Zacks

    SemGroup (SEMG) Reports In-Line Loss & Revenue Miss in Q3

    SemGroup's (SEMG) Canadian unit witnesses growth on the back of higher average gas processing volumes owing to incremental contribution from new plants like Patterson Creek and Wapiti.

  • InterDigital Invests $50K for Mobile Edge Computing Research
    Zacks

    InterDigital Invests $50K for Mobile Edge Computing Research

    InterDigital (IDCC) is committed to fostering edge computing research and development opportunities to boost future technologies in IT and telecommunications industry.

  • PetroChina (PTR) Q3 Earnings Miss Despite Upstream Strength
    Zacks

    PetroChina (PTR) Q3 Earnings Miss Despite Upstream Strength

    Higher oil and gas production and drop in lifting costs helped PetroChina's (PTR) exploration and production unit profit surge 32.9% during the nine months ended Sep 30, 2019.

  • Expedia Group, Inc. (NASDAQ:EXPE) Passed Our Checks, And It's About To Pay A 0.4% Dividend
    Simply Wall St.

    Expedia Group, Inc. (NASDAQ:EXPE) Passed Our Checks, And It's About To Pay A 0.4% Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Expedia...

  • Investing.com

    StockBeat: FBI Launches Probe Into Energy Transfer's Pennsylvania Pipeline Permits

    Investing.com - Energy Transfer units fell sharply Wednesday after the FBI launched a probe into how its Mariner East project won permits to construct a natural gas pipeline in Pennsylvania.

  • Zacks.com featured highlights include: Etsy, Cameco and Live Nation Entertainment
    Zacks

    Zacks.com featured highlights include: Etsy, Cameco and Live Nation Entertainment

    Zacks.com featured highlights include: Etsy, Cameco and Live Nation Entertainment

  • A Sliding Share Price Has Us Looking At Expedia Group, Inc.'s (NASDAQ:EXPE) P/E Ratio
    Simply Wall St.

    A Sliding Share Price Has Us Looking At Expedia Group, Inc.'s (NASDAQ:EXPE) P/E Ratio

    To the annoyance of some shareholders, Expedia Group (NASDAQ:EXPE) shares are down a considerable 31% in the last...

  • Canopy Growth's Drake Deal Eases Pullback as Q2 Earnings Near
    Zacks

    Canopy Growth's Drake Deal Eases Pullback as Q2 Earnings Near

    Canopy Growth (CGC) is set to report its second quarter results before the market opens on Thursday, November 14.

  • Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch
    Zacks

    Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch

    All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now...

  • UGI Corp's (UGI) Earnings Miss Estimates in Fiscal 2019
    Zacks

    UGI Corp's (UGI) Earnings Miss Estimates in Fiscal 2019

    UGI Corp's (UGI) Q4 revenues decline on a year-over-year basis.

  • Can European Buyouts Aid Canopy Growth's (CGC) Q2 Earnings?
    Zacks

    Can European Buyouts Aid Canopy Growth's (CGC) Q2 Earnings?

    Canopy Growth (CGC) acquires a number of European companies to expand its production base across a region that promises great opportunities.

  • New Strong Sell Stocks for November 12th
    Zacks

    New Strong Sell Stocks for November 12th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • What's in Store for Helmerich & Payne (HP) in Q4 Earnings?
    Zacks

    What's in Store for Helmerich & Payne (HP) in Q4 Earnings?

    Helmerich & Payne's (HP) much popular technologically-advanced FlexRigs with strong daily rate margins might reflect on segmental profits in the to-be-reported results.