New Zealand medical cannabis company Cannasouth Limited has entered voluntary administration, a process that allows for an administrator to review and rearrange the financial affairs of insolvent or near-insolvent companies.
New Zealand cannabis compan…
Author: Amy Hansen
Ontario eyes CA$600 million cannabis windfall, pledges online crackdown
Ontario’s provincial government is budgeting for a record windfall of more than 600 million Canadian dollars ($442 million) in the next fiscal year from cannabis wholesale profits and its portion of the federal excise tax.
Ontario eyes CA$600 million c…
Canadian cannabis producer Organigram enters US, plans CA$25 million raise
Canadian cannabis producer Organigram enters US, plans CA$25 million raise is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs
Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss
Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant doubt” over the company’s ability to continue as a “going concern.”
Auxly auditor flags ‘going concern’ risk as cannab…
Auxly auditor flags ‘going concern’ risk as cannabis firm reports smaller loss
Auxly Cannabis Group’s record 2023 sales helped substantially improve its net loss, but an auditor flagged a “significant doubt” over the company’s ability to continue as a “going concern.”
Auxly auditor flags ‘going concern’ risk as cannab…
Organigram ‘assessing options’ after unfavorable ruling on cannabis edibles
Health Canada has concluded that Organigram Holdings’ Edison Jolts lozenge cannabis products should be classified as edibles rather than extracts.
Organigram ‘assessing options’ after unfavorable ruling on cannabis edibles is a post from: M…
Tax reforms, pharmacy sales among Canada’s cannabis law review recommendations
A government-appointed panel of experts analyzing Canada’s adult-use legalization law, the Cannabis Act, has recommended the country enable pharmacy access for medical marijuana and reconsider how excise tax is applied to recreational products
Tax refo…
Canadian cannabis operator SNDL halves annual loss to CA$176.6 million
Alberta cannabis and alcohol company SNDL cut its annual loss in fiscal 2023 in half – to 176.6 million Canadian dollars ($130.5 million) – on strong sales growth.
Canadian cannabis operator SNDL halves annual loss to CA$176.6 million is a post from: M…
Curaleaf buying Canadian cannabis operator with eye on global markets
Curaleaf Holdings is continuing its international expansion by signing a deal to acquire Northern Green Canada, a licensed cannabis producer focused primarily on meeting demand in the import-export market.
Curaleaf buying Canadian cannabis operator wit…
Curaleaf buying Canadian cannabis operator with eye on global markets
Curaleaf Holdings is continuing its international expansion by signing a deal to acquire Northern Green Canada, a licensed cannabis producer focused primarily on meeting demand in the import-export market.
Curaleaf buying Canadian cannabis operator wit…