Canopy's shares rose 9.6% in early trade after the company said it expects to lower debt by C$95 million over the next two quarters. The company has been grappling with liquidity issues and has taken several steps to turn profitable including job cuts, exits from some international markets, store closures and divestiture of its retail business across Canada. Canopy first raised doubts about its ability to continue as a going concern in June and reiterated in August.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingSTELLARTON, N.S. — Empire Co. Ltd. says it earned $261.0 million in its latest quarter, up from $187.5 million in the same quarter last year, boosted by the sale of its 56 gas stations in Western Canada to Shell Canada.
AMC Entertainment stock is on the move higher after the theater chain reported raising $325 million by selling 40 million shares. Yahoo Finance Live takes a closer look at AMC's methods to raise fresh capital and how certain cultural trends — such as Taylor Swift's Eras Tour movie concert — could drive even more movie-lovers back into theaters.The latest CPI report shows inflation rose in August thanks in part to higher energy prices.
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