Kristine Owram
Financial Post
Toronto, ON, Canada
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Past articles by Kristine:
Bankrupt Blockbuster joins Reddit-inspired retail rally
The penny stock surged as much as 302 per cent Wednesday, adding to Tuesday's 774 per cent spike → Read More
Apple's self-driving, electric car plan creates Tesla bear case: Morgan Stanley
'The most credible/formidable bear case for Tesla's stock that investors have had to consider for some time' → Read More
Canopy Growth cuts 200 jobs in Canada, U.S. and U.K.
Canopy Growth Corp. is cutting 200 jobs in Canada, the U.S. and the U.K. as part of an internal restructuring of several departments, the company said in an email. Chief Executive Officer David Klein said in February that job cuts were one of many options he was evaluating as he worked to reduce costs across the cannabis company. Canopy closed two facilities in British Columbia in early March,… → Read More
In a recession, alcohol and pot are two things consumers can’t seem to go without
A survey of 1,005 U.S. consumers by MKM Partners found that demand for cannabis appears to be just as inelastic as demand for alcohol → Read More
TSX snaps six-day losing streak as global stocks rally on central bank hopes
Boost comes from news that finance ministers and bankers to hold teleconference on coronavirus response Tuesday → Read More
One-time Aphria suitor Green Growth Brands sells CBD business amid ‘serious financial difficulty’
Shares tumbled as much as 42 per cent, the most ever, to 25 US cents in Toronto → Read More
Some cannabis companies are mere months away from running out of cash
Liquidity a more pressing concern for Canadian cannabis companies than for their U.S. counterparts, report says → Read More
Move over, pot: Psychedelic drug companies gear up to list on Canadian stock exchanges
Companies developing treatments from LSD, ketamine and the active ingredient in magic mushrooms are finding interest from investors, including Kevin O'Leary → Read More
Cannabis industry heads to Davos as stocks rebound
Cannabis House in Davos will feature a two-day conference focused on sustainability, climate change, social equity and impact investing → Read More
Canopy Growth picked a bad time to delay the launch of its cannabis drinks
A day earlier consumers were snapping up edibles and beverages on their first day of sale in Ontario → Read More
Aurora Cannabis is unlikely to meet debt covenants, analysts warn
Aurora has a $360-million loan coming due in August 2021, and at least three analysts are raising warnings on it → Read More
Canadians appear to be drinking less beer because they are smoking more pot
Smoke more, drink less. That appeared to be the trend among Canadians in the first full year of legal cannabis, when beer volumes fell by 3 per cent through November, according to data from Beer Canada. “This is far worse than the trends seen between 2014-2018, where beer industry volumes fell an average 0.3 per cent,” and appears to be related to Canada’s legalization of pot in late 2018, said… → Read More
Aurora Cannabis lists greenhouse for sale in move that ‘implies massive writedowns’: analyst
MKM Partners analyst says he expects $2-billion worth of writedowns → Read More
Shopify is having its worst losing streak ever — and more declines could be coming
Shopify Inc. fell for an eighth consecutive day, its longest streak of declines ever, amid a broader slump in tech stocks. Shares fell as much as 8.4 per cent, the most since June. It’s not enough to knock the e-commerce company from its perch near the top of Canada’s S&P/TSX Composite Index, where it’s currently the fifth-best performer year-to-date. However, the ongoing investor rotation… → Read More
Former JPMorgan, Deutsche bankers seek $2 billion for cannabis funds
Bankers betting the recent plunge in pot stocks is a good entry point to make loans and do private equity deals in the sector → Read More
GM strike in U.S. leads to 5,000 layoffs in Canada, union says
The Oshawa, Ontario assembly plant has been hit hardest, with all but about 100 of its 2,200 workers on leave → Read More
Shopify expands its cannabis e-commerce platform into U.S. CBD market
Shopify will offer online store design, payment, shipping and marketing in more than 40 states to merchants of hemp-derived cannabidiol → Read More
GM strike in U.S. could lead to thousands of auto layoffs in Canada
Two of GM Canada’s plants — Oshawa and St. Catharines — rely on parts from the U.S. and could see jobs being hit as early as this week → Read More
Short sellers cash in on cannabis as investors get fed-up with money-losing companies
Positions in the 20 most-shorted pot stocks have made US$1.17 billion so far in the third quarter → Read More
Tilray’s biggest bull slashes cannabis stock’s price target by 60%
Vivien Azer at Cowen & Co. cut her 12-month target to US$60 from US$150, but still believes the stock’s recent weakness is a buying opportunity → Read More