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Midday Wrap: FedEx Tests Drone Deliveries, MKM Partners Initiates Cannabis

Midday Wrap: FedEx Tests Drone Deliveries, MKM Partners Initiates Cannabis

FedEx is partnering with a subsidiary of Alphabet to test out drone deliveries.

Acreage and Hexo Are Top Cannabis Picks at MKM Partners

Acreage and Hexo Are Top Cannabis Picks at MKM Partners

MKM Partners initiates coverage on seven different Canadian cannabis companies.

CannTrust Cannabis Returned by Canadian Regulators

CannTrust Cannabis Returned by Canadian Regulators

The Alberta Gaming, Liquor and Cannabis Commission returns the company's products, valued at $1.3 million.

Canopy Growth Initiated With Neutral Rating at Oppenheimer

Canopy Growth Initiated With Neutral Rating at Oppenheimer

Despite the muted initiation, Canopy Growth is Oppenheimer's top pick in the cannabis sector.

CannTrust Can't Produce or Sell New Cannabis Following License Suspension

CannTrust Can't Produce or Sell New Cannabis Following License Suspension

Health Canada's order says the company can cultivate, harvest and process its current inventory.

Shopify Declines on Secondary Share Offering; Expands U.S. CBD Platform

Shopify Declines on Secondary Share Offering; Expands U.S. CBD Platform

The underwriters have an option on an additional 15% of the offering.

Village Farms Extends Reach With British Columbia Cannabis-Supply Deal

Village Farms Extends Reach With British Columbia Cannabis-Supply Deal

The company's 50% joint venture, Pure Sunfarms, adds the license to its current one for Ontario.

Aurora Cannabis Climbs After Selling 10.5% Stake in Green Organic Dutchman

Aurora Cannabis Climbs After Selling 10.5% Stake in Green Organic Dutchman

Aurora Cannabis receives proceeds of C$86.5 million from the sale.

Tilray to Pay Up to C$110 Million of Stock for Alberta Cannabis Retailer Four20

Tilray to Pay Up to C$110 Million of Stock for Alberta Cannabis Retailer Four20

Four20 operates six retail locations and has secured 16 more. Tilray said it would leverage Four20's retail experience to expand to other Canadian provinces when those regions permit licensed producers to own retailers.

Constellation to Record $77.3M 6-Mos Adjusted Loss From Canopy Growth Investment

Constellation to Record $77.3M 6-Mos Adjusted Loss From Canopy Growth Investment

Constellation Brands says it will recognize a non-GAAP loss of $38.5 million from its investment in Canopy Growth in the quarter ending Aug. 31.