Tilray Incâ€™s (TLRY US) stock price is down almost 3% after reporting 4th quarter results which beat analystsâ€™ revenue estimates. 4th quarter EBITDA losses and EPS loss which were more than twice as large as expectations turned an aftermarket rally into a losing day today.
- CannabisCanopy GrowthS3 Research
Canopy Growth Corp (CGC US) short interest is $1.29 billion; 26.39 million shares shorted; 11.38% of float; stock borrow is 13.65% bp fee. WEED CN short interest is $355 million; 7.28 million shares shorted; 3.14% of float; stock borrow is 12.40% bp feeÂ Canopy Growth is the Â is the most shorted stock in the Cannabis sector.
- CannabisCanopy GrowthEquitiesS3 ResearchSectorsTilray
The mergers and acquisition activity in the Cannabis Sector continued today with Green Growth Brands Ltd. offering $2.1 billion in a hostile takeover of Aphria Inc (APHA). This follows Altria Incâ€™s announced $1.8 billion investment in Cronos Group (CRON); Constellation Brands purchase of 5.5% of Canopy Growth Corp (CGC); Molson Coors Brewing Coâ€™s joint venture with HEXO Corp (HEXO); and Anheiser-Busch Inbevâ€™s research partnership with Tilray Inc (TJRY).