Jit Roop

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Is This The First $5 Billion Marijuana Company?

With a sprawling 10-acre maximum-security compound in Canada, a company that sells vitamins and nutritional supplements aims to sell an even better natural remedy.<p>The conventionally held wisdom is that large tobacco companies are poised to benefit the most from widespread marijuana legalization. …

Companies are falling over themselves to go public

We're not very far into 2014, but you can already call this the year of the IPO. So far, more than 40 companies have gone public. That's more than double last year at this time and the most since the economic boom year of 2007. "And the party’s just starting," says John Fitzgibbon, founder of IPO …

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FORTUNE — Tesla Motors, the innovative electric car company, wants to be a bigtime automaker. To achieve that, it needs to produce hundreds of thousands of vehicles more than the 22,300 electric vehicles it made in 2013.<p>Which means it’s going to need a bigger battery factory. A much, much bigger …

Loonie ends slightly lower on weak commodity prices

The Canadian dollar closed lower Monday amid a stronger-than-expected reading on housing starts and commodity prices that fell in the wake of disappointing data from China.<p>The loonie ended off 0.09 of a cent at 90.08 cents (U.S.) after a lacklustre employment report on Friday helped push the …

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FORTUNE — A big challenge for investors is piercing management’s feel-good, “it’s all great if you leave out the bad stuff” earnings metrics to measure a company’s true profitability. Even the official GAAP accounting numbers frequently need plenty of scrubbing to reveal the real picture. For …

Colorado marijuana sales rake in $2 million in taxes in January

Recreational marijuana sales in Colorado brought in more than $2 million in tax revenue in January, according to state figures released Monday.<p>At the behest of voters who approved legalized marijuana in 2012, Colorado is still in the early days of a regulatory experiment expected to bring in …

Tesla’s Gigafactory Promise and Why We’re Scaling It Back to Reality

By now, you’ve read bullish reports gushing over the Tesla Gigafactory, a proposed battery plant that would become the world’s single biggest source of lithium-ion cells by the decade’s end. Indeed, unlike CEO Elon Musk’s white paper on “hyperloops,” the Gigafactory is a genuine plan to make Tesla …

FBI checking fingerprints of two Malaysia Airline passengers with stolen passports

Law enforcement officials tell CNN the FBI is running through its database of thumb prints of the two passengers who used stolen passports to board the missing Malaysian jet that vanished over Southeast Asia three days ago.<p>The thumb prints were taken at the airport check-in in Kuala Lumpur and were …