Canadian licensed producers added a record 220,461 kilograms of marijuana to their inventories in October 2020, according to new data offering a statistical glimpse of the country’s first large-scale “croptober” – when most of the fall outd…
aurora cannabis
Canadian cannabis retailers to merge, focus on value-conscious consumers
Alcanna Inc. is spinning-off its retail cannabis business and combining it with competing retailer YSS Corp. to create one of the largest networks of recreational marijuana stores in Canada, the companies announced Monday. The deal is the latest in a s…
More layoffs at Aurora Cannabis following Great North deal
Aurora Cannabis has laid off salespeople after tapping Great North Distributors to be its sales representative across the Canadian recreational marijuana retail environment. The company was unable to share the specific number of employees who will be d…
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…
Investment Analysts: What Democratic Senate Means For Federal Marijuana Legalization
Investment Analysts: What Democratic Senate Means For Federal Marijuana Legalization
Leading investment analysts predict that cannabis stocks will soar big time following last week’s Democratic takeover of the U.S. Senate.
The post Investment Analysts:…
Aurora Cannabis co-founder Terry Booth tapped to be CEO of US-based Australis
Eleven months after stepping down as CEO of the Canadian marijuana giant he co-founded, former Aurora Cannabis chief executive Terry Booth said he plans to return to the marijuana industry to head up a U.S.-based cannabis investment firm that is an Aur…
Aurora Cannabis breach exposes personal data of former, current workers
A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the company’s current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 “cy…
Aurora Cannabis strikes deal to sell cultivation facilities, document suggests
Canadian producer Aurora Cannabis has an agreement in principle to sell at least two cultivation facilities in Canada that were closed earlier this year, Marijuana Business Daily has learned. The two buildings – one in Saskatchewan and another in…
Aurora lays off 200, idles most of flagship Sky marijuana facility
Aurora Cannabis has cut a little more than 200 positions as it reduces production at its flagship marijuana greenhouse in Edmonton, Alberta, to just a quarter of its capacity, Marijuana Business Daily has learned. Separately, the company’s chief scienc…
Aurora Cannabis dipping into capital market after stock rally is ‘shrewd,’ analyst says
Topics ranging from the role of small producers to global opportunities for Canadian companies, among others, were discussed at MJBizCon’s Passholder Days on Nov. 11. It’s all available to you on demand. Underwriters for Aurora Cannabis’ previous…