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Pyxus International divesting Canadian cannabis subsidiaries

U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and “focus on its more profitable tobacco and e-liquid businesses.” The three subsidiaries – Figr Brands, Cana…

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Sunniva, CA$58 million in debt, granted initial creditor protection

Vancouver-based marijuana firm Sunniva Inc. has received an initial creditor protection order from the Supreme Court of British Columbia as it pursues restructuring. The cross-border firm made the announcement in a news release on Monday, joining a num…