TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,583.13, down 395.88 points):
Canopy Growth Corp. (TSX:WEED). Health care. Down $1.33, or 25.78 per cent, to $3.83 on 11 million shares.
HEXO Corp. (TSX:HEXO). Health care. Down 4.5 cents, or 15 per cent, to 25.5 cents on 8.4 million shares.
Cenovus Energy Inc. (TSX:CVE). Energy. Down five cents, or 0.2 per cent, to $25.54 on 7.5 million shares.
NorZinc Ltd. (TSX:NZC). Materials. Unchanged at three cents on 7.2 million shares.
Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, or 12.71 per cent, to $1.58 on 6.7 million shares.
Tilray Brands Inc. (TSX:TLRY). Health care. Down $1.04, or 19.37 per cent, to $4.33 on 6.6 million shares.
Companies in the news:
Tilray Brands Inc. — Tilray Brands Inc.'s chief executive tempered expectations a day after U.S. President Joe Biden revealed he will pardon people convicted under federal law of possessing cannabis and review marijuana's status as a Schedule 1 substance. Canadian and U.S. pot stocks rallied on the news, jumping between 20 and 30 per cent in many cases. But by Friday’s market close, Canadian cannabis stocks were back down by similar numbers, with Canopy’s stock price falling almost 26 per cent.
MTY Food Group Inc. (TSX:MTY). Down $3.97, or 6.83 per cent, to $54.15. Labour shortages are restricting opening hours and sales at some MTY Food Group Inc. restaurants as minimum wage increases and staffing shortages push up costs, the company said Friday. The operator and franchisor of restaurants like Cold Stone Creamery, Manchu Wok and Thai Express said its profit slipped in its most recent quarter despite revenue climbing.
This report by The Canadian Press was first published Oct. 7, 2022.
The Canadian Press