MediPharm Labs Corp. reported third quarter revenue of 4.9 million Canadian dollars ($3.8 million), 88% lower than the CA$43.4 million the Barrie, Ontario company booked in the same period last year. Revenue for the quarter ended Sept. 30 was 64% lower…
Author: Kate Robertson
Canadian cannabis firm Pure Sunfarms delivers another profitable quarter
British Columbia-based Pure Sunfarms reported yet another profitable quarter as revenue rose substantially compared to the previous three-month period. The cannabis producer saw net sales grow to 22.6 million Canadian dollars ($17 million) for the quar…
Israel lays out plan to legalize recreational cannabis, looking to Canada as a blueprint
Israel announced a road map to legalize cannabis potentially within one year and, in doing so, would create a regulated market for adult-use marijuana products largely based on Canada’s legalization model. The country’s justice minister, Av…
Aurora Cannabis dipping into capital market after stock rally is ‘shrewd,’ analyst says
Topics ranging from the role of small producers to global opportunities for Canadian companies, among others, were discussed at MJBizCon’s Passholder Days on Nov. 11. It’s all available to you on demand. Underwriters for Aurora Cannabis’ previous…
Green Organic Dutchman removes CEO after reporting CA$76 million loss
Toronto-based cannabis producer The Green Organic Dutchman replaced its CEO this week amid mounting losses and warned investors about its ability to continue as a going concern.
Green Organic Dutchman removes CEO after reporting CA$76 million loss is a…
Grow-your-own cannabis businesses in Canada enjoy record sales, too
Wednesday, Nov. 11, will be all things Canadian cannabis at MJBizCon’s Passholder Days. Topics range from the role of small producers to global opportunities for Canadian companies, among others. More information is available here. Cannabis stores and …
Australian private health insurer inks deal to expand cannabis coverage
Perth, Western Australia-based licensed producer Little Green Pharma and national private health insurer Health Insurance Fund of Australia have inked a strategic partnership that will expand access to medical cannabis. The partnership also encompasses…
Canopy reports record cannabis revenue but profit remains elusive
Smiths Falls, Ontario-based Canopy Growth reported record net revenue of 135 million Canadian dollars ($104 million) in the second quarter ended Sept. 30, topping analyst expectations, along with a net loss of about CA$97 million. The revenue gain was …
New Zealand cannabis referendum fails by razor thin margin
The “no” side narrowly prevailed in New Zealand’s referendum on a cannabis legalization bill after the final 492,000 votes were tallied, the country’s Electoral Commission announced Friday. One week ago, preliminary results showed a slim majority of vo…
Why Canadian cannabis firm Aphria bought US craft brewer for $300M: Q&A with CFO Carl Merton
When Aphria bought a notable U.S. craft brewer this week for about $300 million, the Canadian cannabis producer flipped one industry narrative upside down. In recent years, a number of beverage alcohol companies have bought into the cannabis space R…