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 …
Aphria
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…
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 …
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 R…
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…
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-…
Aphria joins crowded German cannabis flower market, sales to start in ‘weeks’
Canadian cannabis producer Aphria is joining the increasingly competitive German medical marijuana flower market. The company completed its first shipment of dried flower to its wholly-owned German subsidiary, CC Pharma GmbH, the company disclosed this…