Alberta
Canopy to refile financial results after finding BioSteel ‘material misstatements’
SMITHS FALLS, Ont. — Canopy Growth Corp. says it will refile three of its past quarterly financial statements after uncovering “material misstatements” linked to its BioSteel business.
The Smiths Falls, Ont. cannabis company says in a regulatory filing that its sports beverage business’s first-, second- and third-quarter sales information from 2022 “should no longer be relied upon.”
The company discovered the misstatements when it was preparing its financial results for the financial year ended March 31.
Canopy determined on May 4 that there were errors in its filings after a review of BioSteel results with independent external counsel and forensic accountants.
The company says its review is ongoing and thus, it cannot quantify the impact the changes might have on its prior financial statements.
Canopy says it also cannot predict how soon its review will be complete, but it promised to file new statements “as soon as practicable.”
This report by The Canadian Press was first published May 12, 2023.
Companies in this story: (TSX:WEED)
The Canadian Press
From Bonnyville RCMP
On May 3, 2025, at approximately 6:55 p.m., a male suspect drove a stolen trackhoe into the parking lot of the Bonnyville RCMP. The suspect dumped several boulders in front of the prisoner bay and then proceeded to damage 5 police vehicles, which were parked in the lot. The suspect then fled on foot.
Bonnyville RCMP, Police Dog Services and RPAS (drone), searched for the suspect and he was quickly located in a tree line just north west of the detachment. He was arrested and is currently in custody pending a Judicial
Interim Release Hearing.
The suspect cannot be named at this point as the charges have not been sworn before the courts. An updated media release is expected in the coming days.
Alberta
Pierre Poilievre will run to represent Camrose, Stettler, Hanna, and Drumheller in Central Alberta by-election
From LifeSiteNews
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat as an MP so Pierre Poilievre, who lost his seat Monday, could attempt to re-join Parliament.
Conservative MP-elect Damien Kurek announced Friday he would be willing to give up his seat in a riding that saw the Conservatives easily defeat the Liberals by 46,020 votes in this past Monday’s election. Poilievre had lost his seat to his Liberal rival, a seat which he held for decades, which many saw as putting his role as leader of the party in jeopardy.
Kurek has represented the riding since 2019 and said about his decision, “It has been a tremendous honor to serve the good people of Battle River—Crowfoot.”
“After much discussion with my wife Danielle, I have decided to step aside for this Parliamentary session to allow our Conservative Party Leader to run here in a by-election,” he added.
Newly elected Prime Minister of Canada Mark Carney used his first post-election press conference to say his government will unleash a “new economy” that will further “deepen” the nation’s ties to the world.
He also promised that he would “trigger” a by-election at once, saying there would be “no games” trying to prohibit Poilievre to run and win a seat in a safe Conservative riding.
Poilievre, in a statement posted to X Friday, said that it was with “humility and appreciation that I have accepted Damien Kurek’s offer to resign his seat in Battle River-Crowfoot so that I can work to earn the support of citizens there to serve them in Parliament.”
“Damien’s selfless act to step aside temporarily as a Member of Parliament shows his commitment to change and restoring Canada’s promise,” he noted.
“I will work to earn the trust of the good people of Battle River-Crowfoot and I will continue to hold the Liberal minority government to account until the next federal election, when we will bring real change to all Canadians.”
Carney said a new cabinet will be sworn in on May 12.
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