Five things to watch for in the Canadian business world in the coming week

Published Aug 12, 2019 01:08 p.m. ET
In this June 28, 2017, photo, a finished marijuana product fills a bag at the Desert Grown Farms cultivation facility in Las Vegas. THE CANADIAN PRESS/AP-John Locher

TORONTO — Five things to watch for in the Canadian business world in the coming week:

Yes we cannabis?

Analysts and investors are waiting to see if cannabis companies, including Tilray Inc., which reports its financial second−quarter results on Tuesday and Canopy Growth Corp., which reports Wednesday, will reward shareholders with a profit, or at least a path to profitability.

Latest from Metro
Metro Inc. will release its third−quarter financial results and hold a conference call to discuss the results with analysts on Wednesday. The grocer reported strong food sales in the second quarter amid higher prices for fresh fruit and vegetables, though the company expected produce costs to moderate close to summer.

Freshii earnings
Freshii Inc. will hold a conference call with analysts to discuss its second−quarter financial results on Wednesday. The chain, which opened its first store in 2005, said in June it plans to launch higher−quality protein ingredients as it attempts to win back customers amid continued negative sales performance.

Acrimony at Aimia
Aimia Inc. executives will discuss second−quarter earnings on Wednesday. The former parent company of Aeroplan filed a lawsuit against its largest shareholder in July that accuses the dissident investor of violating a contracted truce, the latest move in a battle over control of the company’s board of directors.

Still smokin’
Statistics Canada will release its National Cannabis Survey for the second quarter of 2019 on Thursday. The agency reported in May that 5.3 million, or 18 per cent, of Canadians aged 15 years and older said they used pot within the last three months, up from 14 per cent who reported using cannabis a year earlier, before legalization in October 2018.

The Canadian Press

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