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Fly News Breaks for February 24, 2020
ACB, SNDL, TLRY
Feb 24, 2020 | 07:50 EDT
As reported previously, Cowen analyst Vivien Azer downgraded Aurora Cannabis (ACB), Sundial Growers (SNDL), and Tilray (TLRY) to Market Perform from Outperform. The analyst has grown increasingly cautious on the outlook for cannabis in Canada and prefers U.S. cannabis names to its Canadian peers. Headwinds plaguing the industry include concerns on pricing, stores and inventory and they have note faded as anticipated.
News For ACB;SNDL;TLRY From the Last 2 Days
TLRY
May 27, 2020 | 08:07 EDT
Tilray announced its wholly-owned subsidiary Tilray Portugal, has received a good manufacturing practice, or GMP, certification in accordance with European Union standards, for its manufacturing facility in Cantanhede, Portugal. The GMP certification was issued by Infarmed, the Portuguese National Authority of Medicines and Health Products which provides end-to-end GMP certification for Tilray's current operations in Portugal. This is the third GMP certification for Tilray Portugal, which allows the facility to manufacture medical cannabis extracts in-house and export GMP-produced finished medical cannabis products, both dried flower and oil, from Portugal throughout European Union and other international markets with legal medical cannabis regulations. Further, the additional certification authorizes Tilray to manufacture bulk extracts on-site to sell as cannabis active pharmaceutical ingredients, or API, and provides additional quality control lab capacity to further advance the Company's ability for product innovation and research.