Major Canadian marijuana producer Aurora Cannabis reported a slight quarterly revenue increase during its first fiscal quarter, despite an adjusted EBITDA loss of 57.9 million Canadian dollars ($44.7 million) as the company worked through its transitio…
Canadian Medical Marijuana & Cannabis Industry News
Canopy reports record cannabis revenue but profit remains elusive
Smiths Falls, Ontario-based Canopy Growth reported record net revenue of 135 million Canadian dollars ($104 million) in the second quarter ended Sept. 30, topping analyst expectations, along with a net loss of about CA$97 million. The revenue gain was …
TerrAscend to buy Maryland marijuana firm from Curaleaf for $27.5 million
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…
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…
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…
Cannabis producer Cronos halves loss to $68 million on higher revenue
Canadian cannabis producer Cronos Group reported improved revenue for its latest quarter, but a bottom line that remains in the red. The Toronto-based company reported a net loss of $68 million for the third quarter ended Sept. 30, compared to a $107 m…
Impact of US election on global cannabis sector to emerge slowly, executives say
Implications of the U.S. elections on the cannabis industry stretch far beyond America’s borders. Industry executives in countries as far away as Australia, Jamaica and Uruguay are weighing how the results could affect their business prospects. P…
Cannabis operator TerrAscend signals profit, rising revenue for third quarter
North American cannabis operator TerrAscend expects to report a profit and strong revenue growth for its third quarter.
Cannabis operator TerrAscend signals profit, rising revenue for third quarter is a post from: Marijuana Business Daily: Financial, …
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…
Fire & Flower buying Friendly Stranger as consolidation reaches cannabis retail
Adult-use cannabis retailer Fire & Flower Holdings has entered into a definitive agreement to buy rival store operator Friendly Stranger Holdings. The deal, if approved, would see Toronto-based Fire & Flower issue approximately 31.1 million sha…