Part of cannabis producer Canopy Growth’s idled greenhouse complex in Delta, British Columbia, went up in flames over the weekend. Dozens of firefighters were part of seven crews dispatched to the facility Sunday morning, according to a news rele…
Canadian Medical Marijuana & Cannabis Industry News
How Canadian cannabis firms lost millions on bad greenhouse deals
When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers. In short, the Alberta-based producer was signaling to the industry it intended to win the “funded capacity” r…
Germany firmly rejects recreational marijuana legalization bill as hope fades for reform
The German federal parliament rejected a bill to legalize a “strictly controlled” adult-use cannabis market, dealing a major setback to recreational marijuana reform efforts in that country. The rejection came despite the fact that a majori…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write downs (CA$42 million), i…
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…
Farm Credit Canada’s cannabis lending tops CA$140 million
Farm Credit Canada, a government-owned agricultural lender, has steadily increased its lending in the regulated cannabis sector in recent years, according to new figures provided to Marijuana Business Daily. The Crown corporation’s current lending to t…
Tobacco firm spends $15 million to bring L.A. marijuana line to THC-free markets
A Kentucky tobacco company is investing $15 million in a Los Angeles marijuana vape company that plans to expand its footprint by building out a line of THC-free CBD products.
Tobacco firm spends $15 million to bring L.A. marijuana line to THC-free mar…
Aurora Cannabis looks to shore up finances with $500 million shelf offering
Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documen…