Residents of Canada’s biggest province by market size are buying more and more cannabis from the legal market, says the Ontario Cannabis Store (OCS) in a new quarterly report. Legal cannabis comprised 36.2% of all marijuana purchases in Ontario f…
Author: Amy Hansen
Aphria and Tilray to merge, creating CA$5 billion global cannabis giant
Canadian cannabis companies Aphria and Tilray on Wednesday announced plans to merge, a transaction that would create a giant international marijuana firm with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion).
Aphria and …
Cannabis retailer Fire & Flower reports net loss on growing revenue
Fire & Flower Holdings Corp., a major Canadian marijuana retail chain, reported 33.1 million Canadian dollars ($26 million) in revenue for the quarter ended Oct. 31. The retailer’s third-quarter income represents 15.8% revenue growth over the…
Marijuana MSO Cresco Labs doubles loan size to $200 million
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company secured an initial $100 million loan from a syndicate of lender…
Canada launches new cannabis consultations on beverages, labelling and research
Canada’s federal cannabis regulator is launching new consultations that signal future changes to marijuana possession equivalency limits, including higher possession caps for cannabis beverages.
Canada launches new cannabis consultations on beverages, …
Cannabis firm LeafLink raises $40 million to fund expansion
Cannabis wholesaling platform LeafLink announced new funding worth $40 million from a Series C investment round. The $40 million funding round was led by Founders Fund, with participation from Thrive Capital, Nosara Capital and Lerer Hippeau. “Th…
Canadian cannabis retailer High Tide seeks Nasdaq listing
Canadian cannabis retail and accessory company High Tide is applying for a listing on the Nasdaq exchange in the United States, with plans to pursue mergers and acquisitions. Calgary, Alberta-based High Tide says it is Canada’s largest recreation…
Maine medical marijuana sales hit $222 million through October
Medical marijuana sales in Maine reached $221.8 million from January through October, according to state sales tax data. That makes cannabis the state’s biggest crop, according to the Portland Press Herald, and worth more than other leading farm …
South Dakota AG defends under-fire recreational marijuana measure
The attorney general of South Dakota is asking a judge to dismiss a lawsuit from two state law enforcement officers that challenges an adult-use marijuana legalization measure passed by voters. South Dakota voters passed measures legalizing both medica…
Ayr borrows $75 million to fund marijuana acquisitions, finish facilities
Multistate marijuana operator Ayr Strategies announced a $75 million secured loan intended to fund acquisitions and complete facilities in Arizona, Ohio and Pennsylvania. Ayr, which is based in New York with offices in Toronto, said Friday that the sen…