TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (18,374.78, down 117.94 points.)
The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down three cents, or 8.57 per cent, to 32 cents on 36.3 million shares.
Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.33 per cent, to $25.08 on 27.9 million shares.
Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 5.56 per cent, to 17 cents on 14.9 million shares.
Enbridge Inc. (TSX:ENB). Energy. Down 30 cents, or 0.68 per cent, to $43.81 on 14.5 million shares.
Denison Mines Corp. (TSX:DML). Materials. Up five cents, or 2.69 per cent, to $1.91 on 12.6 million shares.
Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 4.69 per cent, to 61 cents on 10.5 million shares.
Companies in the news:
Shopify Inc. (TSX:SHOP). Down $51.85, or 2.8 per cent, to $1,804.18. Companies that shifted their retail efforts online during the pandemic made their first sales with Shopify Inc. software every 28 seconds, the company said as it reported its fourth-quarter revenue nearly doubled compared with a year earlier. The Ottawa-based e-commerce company was seeing new clients make their first sale roughly every minute before the health crisis, which fuelled a US$123.9-million profit in its latest quarter, up from US$771,000 a year earlier. The company has managed to benefit from the pandemic's temporary lockdowns that have forced entrepreneurs to seek online sales options like Shopify's in order to survive. But if lockdowns are soon lifted, it could become harder for Shopify to rack up new merchants and ensure pandemic gains aren't erased when consumers have the ability to head back to brick-and-mortar stores.
Aphria Inc. (TSX:APHA). Down $1.46, or 5.3 per cent, to $26.04. Tilray Inc. incurred a US$2.9-million loss in its latest quarter, just as the company was signing a blockbuster deal to merge with competitor Aphria Inc. The Nanaimo, B.C.-based cannabis business says that fourth-quarter net loss was down "significantly" from the US$219.1-million net loss it reported during the same quarter the year prior. Tilray says its revenue reached US$56.5 million, up from US$46.9 million previously. Tilray and Aphria announced in December that they would merge later this year with Aphria's chief executive Irwin Simon to lead the new company that will operate with the Tilray name.
This report by The Canadian Press was first published Feb. 17, 2021.
The Canadian Press
