Oilfield company U.S. Well Services (USWS.O)will eliminate 171 jobs in Texas, according to a filing with the Texas Workforce Commission, as it prepares to exit the diesel hydraulic fracturing market.
Arunima KumarShariq Khan
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A sign featuring Canopy Growth Corporation s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo
Canopy Growth Corp s (WEED.TO), chief executive reassured investors that the world s most valuable pot producer is on track to be profitable within a year, shrugging off a slightly weaker-than-expected fourth-quarter performance.
The company - which sells a range of products from dried flowers to gummies, to chocolates and drinks mixed with weed - posted a near 38% surge in revenue to C$148.4 million in the quarter but missed estimates of C$151.8 million, according to Refinitiv IBES.