Cross-border marijuana firm TerrAscend Corp. on Friday announced an agreement to acquire HMS, a Maryland medical cannabis processor and cultivator, from Curaleaf Holdings for $27.5 million. The price tag includes $25 million in cash plus a $2.5 million…
Author: David Downs
Canadian cannabis firm Hexo claims win in California trademark settlement
Canadian cannabis producer Hexo Corp. said it has reached a settlement in a trademark-infringement lawsuit against California-based Assi Project Management. Hexo sued Assi for unfair competition and trademark infringement in the U.S. District Court for…
Global small-scale cannabis cultivation survey could offer business insights
An international survey aims to uncover new information about small-scale cannabis cultivation around the world, and the research team’s findings could provide valuable information for both commercial marijuana producers and businesses that serve…
As new cannabis vending machines hit the market, challenges remain
A new cannabis vending machine has hit the market in Colorado, with other states on the horizon, but the automated dispensers must overcome a host of challenges to become a regular part of the marijuana retail landscape. In theory, in-dispensary vendin…
MJBizDaily, Cowen launch exclusive cannabis research-distribution deal
Marijuana Business Daily has teamed up with diversified financial services firm Cowen to distribute the New York-based company’s acclaimed “Ahead of the Curve” research reports to the cannabis business community. The reports are now a…
Health Canada aims to cut emissions with virtual cannabis inspection pilot
Canada’s federal cannabis industry regulator has launched a two-year pilot project exploring virtual inspections of marijuana production sites, with the goal of reducing carbon emissions. That could ultimately lead to a greater number of cannabis…
Majority of recent cannabis busts in Ontario involved medical grows, police say
Ontario’s provincial police service is trumpeting summer and fall seizures of illicit cannabis plants in Canada’s most populated province, highlighting large seizures of marijuana from “52 large-volume illegal operations” betwee…
Canadian cannabis sales grow to nearly CA$245 million in August
Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2….
Canada’s Vivo Cannabis cuts jobs in push for positive cash flow
Toronto-based cannabis producer Vivo Cannabis is cutting 18% of its workforce, selling unspecified assets and tweaking its leadership team as part of an effort to cut costs and achieve positive cash flow. Vivo owns two Canadian cannabis license holders…
Week in Review: California cannabis designations, Supreme Court loss, union victories & more
A new state law lets California’s outdoor marijuana growers claim a wine-like “appellation of origin” for their sun-and-soil-grown crops. California outdoor producers told Marijuana Business Daily they hope the law will help them dist…