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Report: Canadian cannabis firms received millions in pandemic subsidies

Cannabis businesses in Canada benefited from millions of dollars in pandemic-related subsidies via the federal government, according to research by the publication the Deep Dive and verified by Marijuana Business Daily. Other businesses tapped into int…

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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 …

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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…

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Canadian cannabis greenhouse, once world’s largest, hit with massive fire

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…

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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…

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Access barriers stall Canadian medical cannabis market, survey shows

Systemic barriers are making Canada’s legal medical cannabis system prohibitive, pushing patients to recreational and unregulated channels with no oversight from medical practitioners, a new survey says. That situation could be partly to blame for Cana…