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USMCA takes effect but North American trade tensions remain

The U.S.-Mexico-Canada Agreement kicks in Wednesday, but the culmination of years of negotiations won’t necessarily mean the end of trade tensions among the three North American nations.

by Josh Zumbrun

Cannabis company Cresco Labs closes $29 million sale-and-leaseback transaction on Massachusetts facility

Cannabis company Cresco Labs said Wednesday it has closed a sale-and-leaseback transaction for its Massachusetts facility with Innovative Industrial Properties Inc. (IIP). Cresco will receive $29 million for the sale of t...

by Ciara Linnane

Aurora Cannabis co-Founder and ex-CEO Terry Booth retires from board

Aurora Cannabis Inc. said Monday that co-Founder and former Chief Executive Terry Booth is retiring from its board. Booth was CEO of the Canadian cannabis company from December 2014 through February 2020 and served on the...

by Ciara Linnane
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That 100-degree day in the Arctic underscores how this region is now warming twice as fast as Earth

Climate change has been transforming the Arctic for about 30 years.

by Mark Serreze
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Trudeau rules out freeing Huawei exec to get China to release two jailed Canadians

Canadian Prime Minister Justin Trudeau on Thursday ruled out releasing a top Chinese tech executive in an attempt to win the release of two Canadians detained by Beijing.

by Associated Press

Pot company Acreage takes charge of nearly $200 million

U.S. cannabis company Acreage Holdings Inc. took an impairment charge of nearly $200 million in reporting first-quarter earnings Thursday afternoon. The company reported an overall loss of $172 million, or $1.85 a share, ...

by Jeremy C. Owens

Canopy Growth amends agreement with Acreage to provide capital to fund hemp operations

Canadian cannabis company Canopy Growth Corp. said Thursday it has agreed to amend its plan of arrangement with Acreage Holdings Inc. to provide capital to the New York-based Acreage to fund hemp operations. The companie...

by Ciara Linnane

Canadian ETFs lose ground as Fitch cuts sovereign rating

Exchange-traded funds made up of Canadian securities slumped Wednesday in the wake of a sovereign debt downgrade. Fitch Ratings on Wednesday cut the country's rating to AA+ from AAA, citing "deterioration of Canada's publi...

by Andrea Riquier
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Gold marks first loss in 4 sessions as prices pull back from highest finish in nearly 8 years

Gold futures finish lower Wednesday, pulling back a day after their highest finish 2012, pressured as the U.S. dollar strengthened, but a retreat in equities amid reports of rising coronavirus cases in many U.S. states hel...

by Mark DeCambre
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IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year

The International Monetary Fund again cut its global economic forecast for 2020 on Wednesday, saying that the coronavirus pandemic has caused an unprecedented decline in global activity.

by Greg Robb

Aurora Cannabis reiterated as overweight at Cantor Fitzgerald after latest cost cuts

Cantor Fitzgerald raised its price target on Aurora Cannabis Inc. on Tuesday and reiterated an overweight rating, after the company announced a new set of cost cuts, including cutting its corporate staff by 25% over six m...

by Ciara Linnane
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Trump wants jobs coming back to the U.S. from China — but companies and consumers might disagree

Ed Yardeni: Reshoring factories is costly and ways to pay for it are unpopular.

by Ed Yardeni

Hexo's stock falls after $25.5 million stock offering program announced

The U.S.-listed shares of Hexo Corp. sank 8.0% in premarket trading Wednesday, after the Canada-based consumer packaged goods cannabis company announced a C$34.5 million ($25.5 million) at-the-market stock offering progra...

by Tomi Kilgore
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Lululemon Athletica is the top publicly traded specialty retailer, says Susquehanna

Analysts are optimistic about Lululemon for the long term, with some saying the yoga-pant retailer is poised to come out of the coronavirus pandemic in a better position.

by Tonya Garcia

Charlotte's Web launches C$67.5 million share offering

Charlotte's Web Holdings Inc. launched a C$67.5 million ($49.9 million) offering of shares through syndication on Tuesday, joining the many companies to issue new equity during the coronavirus pandemic. The Boulder, Colo....

by Ciara Linnane