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Fly News Breaks for February 24, 2020
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
May 13, 2021 | 18:21 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGSDermTech... To see the rest of the story go to See Story Here
May 13, 2021 | 16:46 EDT
Aurora announced that it will transfer its U.S. stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select, effective May 24, after the market close. The last day of trading of the company's common stock on NYSE is expected to be May 24. The company expects its common stock will begin trading as a Nasdaq-listed security at market open on May 25, and will continue to be listed under the ticker symbol "ACB". The transfer is automatic, and shareholders are not required to take any action. This transition will not impact the company's primary listing on the Toronto Stock Exchange.
May 13, 2021 | 16:43 EDT
Aurora is pleased to announce that Ronald Funk, lead independent Director, has assumed the role of Chairman, effective immediately. Michael Singer has reverted from Executive Chairman to the Board seat he has occupied since May 2016. This transition reflects the strength of current management and the Board's planned governance enhancements to include an independent Chairman.
May 13, 2021 | 12:26 EDT
In this edition of "Rising High," The Fly conducted an exclusive interview with Chris Driessen, chief executive officer of SLANG Worldwide (SLGWF), a global cannabis consumer packaged goods company with a portfolio of brands. Here are some... To see the rest of the story go to See Story Here
May 13, 2021 | 07:49 EDT
Canaccord Genuity analyst Shaan Mir upgraded Sundial Growers to Hold from Sell with a price target of 70c, up from 65c, post the Q1 results. Sundial's cash balance presents an opportunity to deploy capital into accretive investment opportunities and generate returns, Mir tells investors in a research note. The analyst adds that given the recent pullback in the share price, Sundial is currently trading near his implied valuation.
May 13, 2021 | 06:33 EDT
Canaccord analyst Shaan Mir upgraded Sundial Growers to Hold from Sell.