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 …
Author: Omar Sacirbey
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…
Cannabis producer Cronos halves loss to $68 million on higher revenue
Canadian cannabis producer Cronos Group reported improved revenue for its latest quarter, but a bottom line that remains in the red. The Toronto-based company reported a net loss of $68 million for the third quarter ended Sept. 30, compared to a $107 m…
Cannabis firm Canopy Growth to follow Aphria onto Nasdaq, departing NYSE
Smiths Falls, Ontario-based Canopy Growth is swapping one stock exchange for another, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq in an effort to save money. Canopy, which reported a loss of 128 million Canadian dollars ($97 mil…
Cannabis operator TerrAscend signals profit, rising revenue for third quarter
North American cannabis operator TerrAscend expects to report a profit and strong revenue growth for its third quarter.
Cannabis operator TerrAscend signals profit, rising revenue for third quarter is a post from: Marijuana Business Daily: Financial, …
Fire & Flower buying Friendly Stranger as consolidation reaches cannabis retail
Adult-use cannabis retailer Fire & Flower Holdings has entered into a definitive agreement to buy rival store operator Friendly Stranger Holdings. The deal, if approved, would see Toronto-based Fire & Flower issue approximately 31.1 million sha…
Canadian cannabis greenhouse, once world’s largest, hit with massive fire
Part of cannabis producer Canopy Growth’s idled greenhouse complex in Delta, British Columbia, went up in flames over the weekend. Dozens of firefighters were part of seven crews dispatched to the facility Sunday morning, according to a news rele…