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Aphria grows Q2 revenue, reports CA$120.6M net loss

Canadian cannabis company Aphria reported increased quarterly revenue on Thursday for the quarter ended Nov. 30, with a net loss of 120.6 million Canadian dollars ($95.3 million). The Ontario-based firm posted net revenue of CA$160.5 million, a 10% inc…

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Cannabis CEOs, led by Aphria’s Irwin Simon, are among Canada’s top-paid execs despite losses

A number of executives in the cannabis industry are among the highest-compensated CEOs in Canada, according to a new analysis of 2019 pay by the Ottawa think tank Centre for Policy Alternatives. Executive compensation in the marijuana industry has attr…

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Corparate Cannabis Announces Mega-Merger (MarketWatchers Declare HOLD)

CANNABIS CULTURE – Corporate Cannabis firms Tilray and Aphria have announced they will merge.  The result will be the largest licensed producer on the corporate cannabis scene — and market watchers  are skeptical whether this will be a net-positive fo…

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Canopy, Aphria cited for ‘critical’ cannabis regulatory breaches in 2018, new Health Canada report shows

Canadian cannabis giants Canopy Growth and Aphria were among a half-dozen licensed producers cited for serious regulatory violations in Health Canada’s compliance report covering the 2018-19 fiscal year. The federal cannabis regulator also disclosed th…

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Australian medical cannabis available in German pharmacies for first time

Flower and extracts produced in Australia by two different companies became available in the German medical cannabis market for the first time, Marijuana Business Daily has learned. The flower, grown by New South Wales-based Australian Natural Therapeu…

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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 …

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Cannabis firm Liberty Health settles class action suit for $1.8 million

Canada-based cannabis operator Liberty Health Sciences said it agreed to settle a 2019 securities fraud class action lawsuit for $1.8 million. The settlement is “made without any admission or finding of liability and is subject to court approval,” Libe…

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As competition grows in German medical cannabis flower market, sales strategy becomes key

The growing number of medical cannabis brands and products available to patients in Germany indicates that companies wanting to enter and succeed in that market need to think beyond simply offering a consistent supply of products.
As competition grows …

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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 &#82…

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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…