Third-party production, or white-label manufacturing of consumer products, is a method of combining valuable brands and production capabilities. Cannabis products are no different.
How to arrive at an appropriate royalty fee when white-labeling cannabi…
International Marijuana Business News
How Trichome Financial acquired and restructured troubled marijuana producer JWC
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…
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…
Denmark medical cannabis sales post a positive quarter thanks to Epidiolex
Sales of medical marijuana in Denmark posted healthy gains in the third quarter of 2020, coinciding with the launch of GW Pharmaceuticals’ cannabis drug Epidiolex. Overall sales of all medial cannabis products grew from about 13 million Danish Kr…
Biden to tap Merrick Garland for attorney general, offering stark contrast to anti-cannabis AGs under Trump
President-elect Joe Biden has settled on Merrick Garland as his nominee for U.S. attorney general, multiple news organizations reported Wednesday, tapping a federal judge who is likely to be less hostile to the marijuana industry than President Trump’s…
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…
Federal marijuana reform outlook brightens as Democrats on verge of US Senate control
Prospects for major federal marijuana reform are poised to take a big step forward now that Democrats appear to be on course to take control of the U.S. Senate. In the closely watched Georgia Senate runoffs, Democrat Raphael Warnock was declared the vi…