Lows

...and who's down

Snacks / Sunday, March 08, 2020
  • Enter 'high pun' here... Canopy Growth, Earth's largest cannabis company, isn't living up to the 2nd half of its name. It's firing 500 workers and shutting down 2 of its biggest cannabis-growing greenhouses (and cancelling plans to build another). The entire cannabis industry is coming down from a short-lived high: companies produced a ton of pot after legalization, only to realize demand wasn't at the same level as hoped. Now Canopy's left holding the (weed) bag.

  • Epic sinking streak... Carnival Cruise's stock has sunk 46% since mid-January, thanks to a disaster trifecta that includes 2 Carnival ships colliding and a quarantined ship with 700 coronavirus infections. Now, it's got another coronavirus-infected ship scheduled to dock today in Oakland. Still, Carnival's industry dominance and Americans' growing demand for cruises might help it weather these temporary (but massive) setbacks — sales have risen 7% annually since 2015.

Get Your News

Subscribe and thrive

Snacks provides fresh takes on the financial news you need to start your day. Chartr provides data visualizations on business, entertainment, and society. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.