"It was a right time for them to make the change, and it was the right time to buy the stock," Bruce Linton tells CNBC.
Bruce Linton was ousted as co-CEO of Canopy Growth Corporation. Now he is buying up more shares of the company as the stock dipped last week after a bleak quarterly earnings report. He joins "Squawk Box" to discuss.
Canopy Growth said on Thursday it expects another three to five years to turn in a profit as Canada's largest cannabis company invests heavily to diversify and expand.
Aug 15- Canada's main stock index hit a five-month low on Thursday, as the inversion of the country's yield curve by the most in nearly two decades raised fears of a looming recession, adding to worries over slowing global growth. *At 9:46 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 39.07 points, or 0.24%, at 16,006.87.
Canopy Growth, Canada's largest cannabis company, reported a bigger quarterly loss on Wednesday, as it took a one-time charge of C$1.2 billion related to the expiry of warrants held by Constellation Brands, which holds a major stake in the company.
The yield on the 2-year Treasury note topped the 10-year rate, a so-called yield curve inversion that has been a precursor to past recessions.
The "Halftime Report" traders take viewer questions on Marriott, Carlyle Group, Canopy Growth & Roku.
Tilray and Canopy are set to report this week. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Mark Tepper.
"There's a $5 billion market out there [where] products are sold into the illicit market," Aphria interim CEO Irwin Simon says.
Jim Cramer evaluates the apparel space and explains why Levi's and Kontoor Brands could be safe investments for your portfolio.
Stay away from companies that only have vague plans pending regulatory approval that are losing a lot of money, Jim Cramer says.
Jim Cramer says the recent pin action in Levi's stock has created a buying opportunity for investors.
It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.
Cannabis-themed exchange-traded funds are growing like weeds, and the group's newest entrant could be the most focused way to play the space.
The beauty industry's revenue is expected to grow within the next four years to more than $379 billion dollars, according to an IBISWorld report, and skin care has become big part of that growth.
Skin care has become an increasingly lucrative business for cosmetic companies. That's why big names like Amazon and the Kardashians are trying to cash in. The industry's revenue is expected to grow within the next four years to more than $379 billion dollars, according to an IBISWorld report. There's one country that's been playing an outsized role in skin care's growth— South Korea. Here's a look at how South Korea is helping skin care dominate the beauty industry.
"As the weak hands exit the cannabis space, investors are starting to care about the actual results," the "Mad Money" host says.
Jim Cramer reveals how Ulta could come out ahead of Amazon in the beauty sector.
Jim Cramer hears from viewers about their stock picks and gives his thoughts about whether to buy or sell in rapid speed.
"I'd rather own the best than a mix of the best, the mediocre, and the worst," Jim Cramer says.