Shopify, already in Canadian pot, starts U.S. CBD platform [Business News Network (BNN) Energy & Resources (Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Business News Network
Shopify, already in Canadian pot, starts U.S. CBD platform Shopify Inc. is introducing new features for U.S. retailers of hemp and CBD, expanding its cannabis e-commerce platform south of the border. The Ottawa-based company plans to offer tools including online store design, payment, shipping and marketing in more than 40 states to merchants of hemp-derived cannabidiol, which was legalized in December and is found in everything from skin creams to snacks. “We aren’t really getting into the CBD business, CBD is getting into the retail business,” Loren Padelford, vice president and general manager of Shopify Plus, said in a phone interview ahead of the announcement. Shopify’s platform is already widely used for online sales of recreational cannabis in Canada, where the drug was legalized 11 months ago. Government-run websites in several provinces including Ontario and British Columbia, as well as private companies like Canopy Growth Corp., Aurora Cannabis Inc. and Hexo Corp., use Shopi
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High impacting Shopify Inc. Class A Subordinate Voting Shares news events
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News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Atb Cap Markets from a "sector perform" rating to an "outperform" rating.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Scotiabank from $80.00 to $75.00. They now have a "sector perform" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Citigroup Inc. from $105.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $90.00 to $80.00. They now have a "buy" rating on the stock.MarketBeat
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at CIBC from $100.00 to $85.00. They now have an "outperformer" rating on the stock.MarketBeat
SHOP
Earnings
- 5/8/24 - Beat
SHOP
Sec Filings
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/1/24 - Form 6-K
- SHOP's page on the SEC website