Financial Digest

Canopy Growth seeks bankruptcy protection for BioSteel to trim costs

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Canopy's shares rose 9.6% in early trade after the company said it expects to lower debt by C$95 million over the next two quarters. The company has been grappling with liquidity issues and has taken several steps to turn profitable including job cuts, exits from some international markets, store closures and divestiture of its retail business across Canada. Canopy first raised doubts about its ability to continue as a going concern in June and reiterated in August.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingSTELLARTON, N.S. — Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.

AMC Entertainment stock is on the move higher after the theater chain reported raising $325 million by selling 40 million shares. Yahoo Finance Live takes a closer look at AMC's methods to raise fresh capital and how certain cultural trends — such as Taylor Swift's Eras Tour movie concert — could drive even more movie-lovers back into theaters.The latest CPI report shows inflation rose in August thanks in part to higher energy prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CME launches options for micro gold, silver futures as mini markets see solid growthKitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »