Toronto-based cannabis producer The Flowr Corp. entered into a definitive agreement to acquire Terrace Global, a Canadian company focused on the development of international marijuana assets. The all-share transaction, expected to close by the end of t…
Author: Matt Lamers
Access barriers stall Canadian medical cannabis market, survey shows
Systemic barriers are making Canada’s legal medical cannabis system prohibitive, pushing patients to recreational and unregulated channels with no oversight from medical practitioners, a new survey says. That situation could be partly to blame for Cana…
Aphria’s record Canadian cannabis sales marred by weak EU revenue
Strong demand in Canada for Aphria’s recreational marijuana products failed to offset disappointing international revenue in the Leamington, Ontario-based company’s first fiscal quarter. The Canadian producer’s net revenue declined 4.5% from the March-…
Aurora Cannabis exits Australia’s Cann Group after $28M impairment charge
Alberta-based Aurora Cannabis sold off its stake in Australian medical marijuana company Cann Group, but the Canadian producer still sees promise in the Australian market. “We continue to see growth potential in this important market and will mai…
Israel’s IM Cannabis applies for Nasdaq listing
IM Cannabis Corp, a multinational medical marijuana company headquartered in Israel, has applied to list its shares on the Nasdaq stock exchange. IM Cannabis (IMC) is looking to join a growing number of medical marijuana companies whose shares trade on…
New Zealand extends medical cannabis transition to avoid supply disruption
Medical cannabis suppliers in New Zealand have been given an extension on new product-assessment rules that were set to take effect this month. That development came to light in a Medicinal Cannabis Agency (MCA) communication sent to industry stakehold…
Australia approves record number of medical cannabis patients
Australia’s medical cannabis market continues to grow. In September, more than 6,000 patients were approved for medical marijuana treatment through the country’s Special Access Scheme (SAS) Category B pathway. That’s the highest monthly gain since 2016…
Aurora Cannabis execs saw raises, bonuses despite multibillion-dollar loss
Top Aurora Cannabis executives were rewarded with millions of dollars in bonuses and raises for the fiscal year ended June 30, the company disclosed, despite mass layoffs and a loss exceeding 3 billion Canadian dollars ($2.3 billion). The Alberta-based…
Ontario cuts into cannabis store shortage by doubling authorizations
Ontario’s cannabis store regulator has started issuing 10 Retail Store Authorizations (RSA) per week, double the previous pace of five new stores weekly. The Alcohol and Gaming Commission of Ontario said in a notice on its website that “…
Change afoot at Ontario Cannabis Store with new CEO, board members
The Ontario Cannabis Store has its second interim chief executive in the space of one year, after the province’s exclusive cannabis wholesaler announced the sudden departure of CEO Cal Bricker on Monday. Bricker held one of the most important job…