Canadian cannabis giants Canopy Growth and Aphria were among a half-dozen licensed producers cited for serious regulatory violations in Health Canada’s compliance report covering the 2018-19 fiscal year. The federal cannabis regulator also disclosed th…
Canopy Growth
Cannabis firms Canopy Growth, Canopy Rivers split; Rivers looks to US
Canopy Growth Corp.’s partly owned strategic investment subsidiary, Canopy Rivers, is selling some of its assets to the former and cutting ties with the company in a transaction worth nearly 300 million Canadian dollars ($232.2 million) that Rive…
Cannabis MSO Acreage names former top Pfizer executive as CEO
Multistate marijuana company Acreage Holdings Inc. has appointed Peter Caldini as chief executive officer.
Cannabis MSO Acreage names former top Pfizer executive as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news…
Canopy Growth To Shut Down Cannabis Facilities Across Canada, Lay Off 220
Ontario-based Canopy Growth Corp., says it will close five of its cannabis growing locations as it looks to get back in the black. The recreational cannabis giant says it will close its facilities in St. John’s, N.L., and Fredericton, N.B., Edmonton, A…
Canopy Growth shuttering facilities across Canada, abandons outdoor marijuana cultivation
Cannabis producer Canopy Growth is shuttering more facilities across Canada amid a fresh round of layoffs in an effort to streamline operations and improve margins, the struggling company announced Wednesday. The cuts come amid a broad supply-demand im…
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…
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 …
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…
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…
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…