A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an important development at a time when many Canadian cannabis companies are flounderin…
Canadian Medical Marijuana & Cannabis Industry News
Canopy boosting Ontario presence with nine new Tokyo Smoke stores
Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence in Canada’s largest adult-use marijuana market, the company announced Friday. Canopy currently has 13 Tokyo Smoke …
Cannabis producer WeedMD shutters Bowmanville, Ontario facility
Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario in order to centralize medical cannabis distribution at its Aylmer, Ontario site. WeedMD “has offered relocation and severance packages, where applicable, to about 2…
Cannabis MSO Curaleaf seeks to raise CA$275 million through share offering
Multistate cannabis operator Curaleaf Holdings priced a new offering of 16.5 million subordinate voting shares in a bid to raise 275.6 million Canadian dollars ($216.6 million). The share offering was announced after markets closed Wednesday, with Cura…
CEO compensation at marijuana producer Hexo rises to CA$11 million
Total compensation for the top executives at struggling marijuana producer Hexo Corp. grew almost 20% year-over-year to 14.4 million Canadian dollars ($11.1 million) in fiscal 2020, led by the company’s CEO, according to a financial disclosure fi…
Zenabis, in merger talks, calls out Sundial over alleged takeover attempt
Troubled cannabis producer Zenabis Global Inc. says it has entered exclusive merger talks with “another significant licensed cannabis producer.” Zenabis said it wouldn’t disclose further details. Zenabis’ announcement in a Wedne…
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…
Want to sell your marijuana business? Here’s how to get it ready for sale
Acquisitions remain a key strategy for companies looking to enter or expand their reach within the marijuana s industry, but sellers must be ready to seize such opportunities.
Want to sell your marijuana business? Here’s how to get it ready for s…
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…
Ontario missing small amount of legal cannabis; vetting consultants extended
A small amount of legal recreational cannabis products in Ontario have gone unaccounted for, according to the provincial regulator responsible for adult use in Canada’s largest market. Roughly 1,428 units of cannabis products were “lost or …