TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (20,157.65, up 19.30 points.)Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents, . . .
Eyeing No. 1 market share
“At the advent of legalization, we articulated a plan to become a top-three cannabis player in the Canadian adult-use market,” CEO Sebastien St-Louis said in a statement.
“With the acquisition of Zenabis and the announcements of intent to acquire 48North and Redecan, we are on the verge of surpassing that objective to become the No. 1 licensed producer by recreational market share.”
The Redecan deal will give Hexo a 17 per cent market share, followed by Tilray with 15.5 per cent, Smiths Falls-based Canopy Growth at 14 per cent and Aurora Cannabis at 6.5 per cent, Desjardins Securities analyst John Chu said recently in a note to investors.
June 14, 2021 - 2:34 PM
TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (20,157.65, up 19.30 points.)
Canadian Natural Resources (TSX:CNQ). Energy. Up 28 cents, or 0.62 per cent, to $45.53 on 28.5 million shares.
Enbridge Inc. (TSX:ENB). Energy. Up $1.16, or 2.4 per cent, to $49.43 on 17 million shares.
BCE Inc. (TSX:BCE). Telecommunications. Down 89 cents, or 1.44 per cent, to $60.77 on 13.1 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Down 15 cents, or 0.61 per cent, to $24.59 on 12.9 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Up 26 cents, or 0.86 per cent, to $30.63 on 9.7 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Up two cents, or 0.17 per cent, to $12.17 on nine million shares.
HEXO Corp Q3 Revenue Plunges 32% Sequentially to $22 6 Million newcannabisventures.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newcannabisventures.com Daily Mail and Mail on Sunday newspapers.
Hexo reports $20 7M Q3 loss, revenue edges higher - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.