David Klein

The U.S. Cannabis Strategy No One's Talking About: Inside Canopy's $300M Plan
Canopy Growth: Q2 Net Revenue Drops 9% YoY, Projects Positive Earnings Ahead
Canopy Growth And Other Top Cannabis Companies To Report Earnings: Will Results Get Pot Stocks On Track Following Post-Election Dip?
Canopy Growth: Q2 Net Revenue Drops 9% YoY, Projects Positive Earnings Ahead
Canopy Growth And Other Top Cannabis Companies To Report Earnings: Will Results Get Pot Stocks On Track Following Post-Election Dip?
Cannabis Giant Canopy Expands US Presence With Acquisition Of Top Edibles Brand: What It Means For Investors
CEO Shake-Ups At Canopy, Curaleaf And Recent Top Exec And Board Changes In Cannabis And Psychedelics

David Klein Recent News

Canopy Growth And Other Hot Cannabis Stocks Will Soon Report Earnings, What Investors Need To Know Now
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) will release its financial results for the first quarter of fiscal year 2025 ended June 30, 2024, before financial markets open on August 9, 2024.Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) will hold its 2024 second-quarter earnings conference call on Thursday, August 8, 2024, at 8:30 am Eastern Time. TILT Holdings Inc. (Cboe: TILT) (OTCQB: TLLTF) will host a second-quarter earnings conference call on Friday, August 9, 2024, at 8:30 am Eastern Time. WM Technology, Inc. (NASDAQ: MAPS) - also known as Weedmaps - a leading marketplace and technology solutions provider to the cannabis industry, today announced it will report financial results for its second quarter ended June 30, 2024, after market close on Thursday, August 8, 2024. Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) will report its 2024 second-quarter results prior to the market opening on August 8, 2024. A conference call to review the results is scheduled for the same day at 11:00 am Easter Time. 
Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), has been exercised.The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.In connection with the arrangement agreement dated October 24, 2022, by and among Canopy Growth, Canopy USA, LLC and Acreage, as amended, in respect of the Class D subordinate voting shares of Acreage, on closing, Canopy USA will acquire all of the fixed shares and floating shares and Acreage will become a wholly-owned subsidiary of Canopy USA.
Canopy Growth Reports 7% YoY Increase In Q4 Net Revenue, Continues Focus On Innovation In Canada And International Expansion
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Thursday financial results for the fourth quarter and fiscal year ended March 31, 2024.Fourth quarter net revenue for the company's subsidiary Storz & Bickel which manufactures high-end and medically certified cannabis vaporizers surged 43% year-over-year to CA$22million ($16 million).Moreover, Canada's cannabis net revenue in the same period increased 4% year-over-year led by a 16% increase in the Canada medical cannabis business that saw its 5th consecutive quarter of revenue growth.
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
Canopy Growth confirms acquisitions of Wana and Jetty, enhancing its U.S. cannabis market strategy and operational synergies.
Canopy Growth Announces Financing Deal Including Roughly $50M Of New Gross Proceeds
Canopy Growth Corporation has entered into an exchange and subscription agreement with a single institutional investor under which the Smiths Falls, Ontario-based company is expected to receive gross proceeds of roughly $50 million and exchange approximately CA$27.5 million ($20 million) of existing debt maturing in September 2025 for a new senior unsecured convertible debenture of the company maturing five years following the day of issuance. Under the terms of the deal, the investor will acquire a convertible debenture in an aggregate principal amount equal to CA$96,358,375 on closing.
Canopy Growth CEO At Benzinga Conference: 'I Don't Think Our Investors Understand The Value That Sits Inside Of Canopy'
"I don't think we get any credit" for Wana, Jetty or Acreage, Canopy Growth CEO David Klein says.
No Cannabis Tax Relief In Canada, Tilray CEO Says This 'Hinders Our Ability To Compete With The Illicit Market'
Canopy Is 'Cautiously Optimistic' On Cannabis Rescheduling Following Major Step Toward Entry Into US THC Market
Canopy Growth's shareholders gave a green light to the creation of a new class of exchangeable shares of the company during their special meeting held on Friday, April 12, as recommended earlier by Institutional Shareholder Services (ISS).At the meeting, shareholders passed a special resolution authorizing an amendment to the company's articles of incorporation, as amended, to create and authorize the issuance of an unlimited number of a new class of non-voting and non-participating exchangeable shares in the capital of Canopy Growth.A total of 32,250,578 common shares of Canopy, representing 35.40% of the issued and outstanding shares, were voted in connection with the meeting by the company's shareholders and proxyholders.he move enables the acceleration of Canopy Growth's entry into the U.S. THC market, which is forecasted to hit roughly $50 billion in 2026, the company said on Monday in a press release.
Cannabis Stocks Continue Skyrocketing Amid Florida And Global Legalization Advances
Discover how legalization in Florida and Germany fuels a significant surge in cannabis stocks like Aurora, Canopy Growth, and TILT Holdings.
Canopy Growth CEO Says German Cannabis Market Has 'Ability To Grow 10x' Following Legalization
Last week, the German government partially legalized cannabis, and Canopy Growth shares lit up. Canopy Growth CEO David Klein joined BNN Bloomberg on Friday and discussed the effects of the legislation for the company.  Klein sees Germany's cannabis market growing from its current value of just under $500 million to an over $2.5 billion market in the next 2 years.
It's Official: Germany's Partial Cannabis Legalization Takes Effect In April
Nearly a month after the German Bundestag approved partial cannabis legalization on a final floor, the Bundesrat followed suit green-lighting the new law, reported Deutsche Welle.On Friday, the members of Germany's upper house, passed a law without calling in a mediation committee, without calling in a mediation committee, making possession of 25 grams of cannabis for personal consumption storing up to 50 grams at home and keeping three plants for home growth legal in the European country. The new law will become effective on Monday, April 1, making Germany the third country in Europe to legalize adult-use marijuana after Malta and Luxembourg. Moreover, starting July 1, special cannabis clubs which are planned to have up to 500 members will be allowed to cultivate and buy the plant on a limited basis. Additionally, public consumption will also be allowed as long as it is done out of view of children and away from sports facilities, consumption in pedestrian zones between 7 a.m. and 8 p.m. would also be prohibited.
CEO Of Nasdaq-Traded Cannabis Co. On Biden's Call For Marijuana Law Change: 'Leadership At The Federal Level Is Essential'
In an unprecedented move, President Joe Biden used his State of the Union address to champion the cause of marijuana reform, underscoring a significant shift in national policy and public sentime
Canopy Growth Enters US Market: What's Next For The Innovative Cannabis Brand? (CORRECTED)
David Klein has been leading Canopy Growth Corporation to North American cannabis market leadership through strategic acquisitions and brand development.
Canopy Growth Reports 7% YoY Drop In Q3 Revenue, CEO Touts 'New Era' For Company As It Seeks US Listing
Canopy Growth reported an 81% YoY increase in "rest-of-world" cannabis revenue for Q3 2024. The company attributed the growth to strong performance in Australia and a return to growth in Europe. Canopy also announced its plans for the US cannabis market through its non-controlling interest in Canopy USA. The company expects to file its definitive proxy statement with the SEC on or about 13 February, followed by a special meeting with shareholders on 12 April. During the meeting, shareholders will consider the creation of a new class of non-voting, non-participating exchangeable shares. Once exchangeable shares are created and Canopy USA acquires US THC businesses, investors are expected to have an opportunity to participate in the US cannabis market.
Canopy Growth Sells Skincare & Wellness Brand For $11.7M, Streamlines Focus To Cannabis
Cannabis firm Canopy Growth sold its skincare and wellness brand, opting to focus on "a simplified, asset-light, cannabis-focused business."
Canopy Growth Shares Up Slightly In Pre-Market Trading On EU GMP Certification News
Canadian cannabis company Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) received EU GMP certification from RP Tuebingen, Regional Health Inspectorate of Baden-Wuerttemberg for its cannabis cultivation facility in Kincardine, Ontario.
Canopy Growth Finalizes $39M Hershey Drive Facility Sale
Canadian cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) completed the sale of its Hershey Drive facility in Smiths Falls, Ontario, in connection with the p
EXCLUSIVE: Canopy Growth, SNDL, Village Farms Could Capture US Cannabis Market Opportunity
The Senate Banking Committee approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act on Wednesday, marking the first time Senate members have voted in favor of legislation that would allow cannabi
Canopy Growth Stock Plunges In Pre-Market On Trying To Raise Up To $50M To Strengthen Finances
Canadian cannabis giant Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) entered Monday into subscription agreements with certain institutional investors in a private placement offering of 22.93 million units at a price of $1.09 per unit.
Cannabis Giant Canopy Growth Cuts Ties With Sports Nutrition Products Maker: Here's Why
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Thursday that it's no longer funding BioSteel Sports Nutrition Inc.
Cannabis Seltzer Sales Soar As Consumers Seek Buzz Without The Booze, Benzinga Conference Will Examine This Trend
America’s love affair with hard seltzer began back in 1993 when Coors Brewing Company launched a carbonated beverage, Zima Clearmalt that was marketed as an alternative to beer. Now, three decades later, seltzers are losing the booze and adding another popular ingredient: cannabis.
Canopy Growth's Game-Changing News: Get The Inside Scoop From The CEO At The Benzinga Cannabis Capital Conference
As cannabis earnings rolled in, Canopy Growth Corp (NASDAQ: CGC) held its own last week, reporting quarterly sales of CA$109 million ($81.2 million), which beat the analyst consensus estimate of CA$67.98 million, a 26.32% increase over sales of CA$86.29 million the same period last year.
Pot Giant To Sell Its Facility Back To Hershey Canada For CA$53M, All Part Of Its 'Asset-Light' Strategy
Canadian marijuana giant Canopy Growth Corporation (TSX: WEED)(NASDAQ: CGC) entered into an agreement to sell its Hershey Drive facility in Smiths Falls, Ontario, as part of the company's transformation to a simplified, asset-light operating model.

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