How a cannabis unicorn lost 87% of its market value in six months

Canadian cannabis company Sundial Growers Inc.’s core management team resigned Thursday morning, six months after the company’s $1 billion initial public offering. Chief Executive Torsten Kuenzlen and Chief Operating Officer Brian Harriman are both leaving the company, Sundial announced Thursday. Executive Chairman Ted Hellard — the main investor behind the rise of Sundial — will also be stepping down from […]

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Aurora Cannabis now has a $1 price target from one analyst

Aurora Cannabis Inc. stock is set to go to $1, according to an analyst. In a note to clients late Thursday, Piper Sandler analyst Michael Lavery downgraded the cannabis producer to the equivalent of a sell and issued a $1 target price, down from $3. Lavery cited risks related to the balance sheet and weak European Union sales as significant […]

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Cannabis companies have secret formulas to determine when the U.S. may allow pot sales

The two largest pot companies in the world have developed secret formulas that predict when the U.S. will legalize cannabis sales, or at least officially allow states to sell marijuana. Aurora Cannabis Inc. ACB, -9.24%ACB, -8.93% and Canopy Growth Corp. CGC, -3.18%WEED, -2.91% included a reference to the secret calculations in their most recent financial statements. The accounting tricks are necessary because […]

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Australia lowers Great Barrier Reef outlook to ‘very poor’

CANBERRA, Australia (AP) — The government agency that manages Australia’s Great Barrier Reef has downgraded its outlook for the corals’ condition from “poor” to “very poor” due to warming oceans. The Great Barrier Reef Marine Park Authority’s condition report, which is updated every five years, is the latest bad news for the 345,400 square kilometer (133,360 square miles) colorful coral […]

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Trump’s tariffs and bad weather take toll on U.S. farmers

U.S. stocks have now fallen for a third consecutive week, and registered this year’s biggest one-day fall this week, as President Trump’s tariff war with China has taken its toll on economies from Asia to Europe and the U.S., including the American farmer, but the White House is refusing to accept responsibility. “This is basically the Federal Reserve’s problem,” White […]

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Predicting what happens next in stocks will get trickier this fall when markets navigate a roller coaster of big events

Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march toward Brexit, and more. But here’s a surprise: things just might start to look a little brighter as […]

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U.S. air quality is getting worse after decades of improvement

After decades of improvement, America’s air may not be getting any cleaner. Over the last two years the nation had more polluted air days than just a few years earlier, federal data shows. While it remains unclear whether this is the beginning of a trend, health experts say it’s troubling to see air quality progress stagnate. There were 15% more […]

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In ‘the marijuana ghetto’ at Davos, Canopy Growth found its American pot partner

The landmark deal between marijuana companies Acreage Holdings Inc. and Canopy Growth Corp. has its roots amid bunk beds inside a small, cramped house in Klosters, Switzerland. It was there, a short drive away from the World Economic Forum in Davos in January, that Canopy Growth CGC, -3.17%WEED, -2.91% co-Chief Executive Bruce Linton and Acreage ACRGF, -3.06% CEO Kevin Murphy laid the […]

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