The Canadian Press

Canopy Growth delays profitability target after reporting $16.3M loss in Q2

Ottawa

Smiths Falls-based cannabis company previously predicted it would be profitable in the second half of its 2022 financial year, but now says reaching that goal

Hexo auditor raises ‘substantial doubt’ about company as it reports Q4, fiscal 2021 losses

Ottawa

PricewaterhouseCoopers said its recent review of the Ottawa-based cannabis business showed that Hexo did not maintain effective internal control over financial reporting.

UPDATED: Shopify CFO sees e-commerce return to normal levels as Ottawa firm reports Q3 revenue up

Techopia

Ottawa-based e-commerce firm reported a third-quarter profit of nearly US$1.15 billion, boosted by an unrealized gain on its equity investments.

Shopify to require staff to show proof of full vaccination before meeting up

Ottawa

CEO Tobi Lütke tweeted the announcement this week and says he made the decision “because science.”

Shopify Q2 profit soars as quarter revenues surpass US$1 billion for first time

Techopia

Ottawa-based e-commerce firm says it earned US$879.1 million, up from US$36 million a year earlier.

Canopy Growth, local cannabis retailer see pre-roll sales soar as consumers share joints less during pandemic

Ottawa

Research commissioned by Canopy found the pre-roll joint category grew by 48% across the entire market between January and May 2021.

Air Canada anticipating recovery in demand as travel restrictions are eased

Canada & World

Although overall bookings remain below pre-pandemic levels, customer interest began to increase in June with the elimination of quarantines for fully vaccinated returning Canadians and

Biden nominates tech exec, political adviser David Cohen as U.S. ambassador to Canada

Canada & World

Cohen is a lawyer, lobbyist and fundraiser who currently serves as a senior adviser to the head of U.S. communications giant Comcast.

Cointreau maker sues Canopy Growth over Quatreau drinks with similar-sounding name

Ottawa

Cointreau wants any profits Canopy made on products with the allegedly infringing trademarks and for the cannabis company to cover its costs and attorneys fees.