Aphria and Tilray will host special shareholder meetings next month on the proposed merger between the cannabis producers, the companies said. The meetings will be held via live audio webcast for Aphria and Tilray shareholders on April 14 and April 16,…
International Marijuana Business News
How a year of COVID-19 forced positive change for cannabis retailers
Despite challenges such as rapid regulatory change, shifting public-health demands and economic uncertainty, cannabis retailers say the first year of the COVID-19 pandemic has driven beneficial changes to their business models and motivated regulators …
Aurora Cannabis puts mammoth 1.7 million-square-foot greenhouse on the sales block
Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn…
Mexico’s lower house approves landmark cannabis legalization bill
Mexico’s Chamber of Deputies approved a bill in general to lay the legal foundation for regulated marijuana and hemp industries, but the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmak…
British American Tobacco buying stake in cannabis producer Organigram
A subsidiary of British cigarette maker British American Tobacco (BAT) and Atlantic Canada-based cannabis producer Organigram have signed a 220 million Canadian dollar ($175 million) strategic collaboration with a focus on research and product developm…
Canada’s Aurora Cannabis files $1 billion shelf prospectus
Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. The cash raise will give Aurora “maximum flexibility to pursue strategic initiatives, which may include a…
Curaleaf enters European cannabis market with $286 million acquisition of Emmac Life Sciences
Curaleaf Holdings said Tuesday it signed a $286 million definitive agreement to acquire London-based medical marijuana company Emmac Life Sciences, giving the Massachusetts-based multistate operator a major foothold in the European cannabis market and …
Canopy Growth, others formed JV ‘solely’ to pump marijuana stock, refiled CA$500 million lawsuit alleges
A high-stakes lawsuit that Canopy Growth and other Ontario, Canada, cannabis companies had hoped would disappear along with their ill-fated PharmHouse joint venture has been revived and refiled. The new lawsuit seeks 500 million Canadian dollars ($394 …
Ontario Cannabis Store CEO: More stores needed in underserved markets
The chief executive of the Ontario Cannabis Store (OCS) said growing regulated recreational marijuana sales in Canada’s most-populous province depends on more brick-and-mortar stores opening in certain communities. OCS President and CEO Thomas Ha…
One-third of Canadian cannabis users consumed more during pandemic
Slightly more than one-third of Canadians who use cannabis increased their consumption during the COVID-19 crisis, according to a new Statistics Canada report on pandemic-era alcohol and marijuana use. The report offers new insights into why Canadian c…