Topics ranging from the role of small producers to global opportunities for Canadian companies, among others, were discussed at MJBizCon’s Passholder Days on Nov. 11. It’s all available to you on demand. Underwriters for Aurora Cannabis’ previous…
International Marijuana Business News
Green Organic Dutchman removes CEO after reporting CA$76 million loss
Toronto-based cannabis producer The Green Organic Dutchman replaced its CEO this week amid mounting losses and warned investors about its ability to continue as a going concern.
Green Organic Dutchman removes CEO after reporting CA$76 million loss is a…
Grow-your-own cannabis businesses in Canada enjoy record sales, too
Wednesday, Nov. 11, will be all things Canadian cannabis at MJBizCon’s Passholder Days. Topics range from the role of small producers to global opportunities for Canadian companies, among others. More information is available here. Cannabis stores and …
Australian private health insurer inks deal to expand cannabis coverage
Perth, Western Australia-based licensed producer Little Green Pharma and national private health insurer Health Insurance Fund of Australia have inked a strategic partnership that will expand access to medical cannabis. The partnership also encompasses…
Tilray net loss shrinks to $2.3 million in third quarter
British Columbia-based marijuana producer Tilray reported third-quarter results showing flat total revenue growth compared to the same quarter a year before. Tilray, which reports in U.S. dollars, booked $51.4 million in revenue for the third quarter o…
Germany’s medical cannabis flower market shows signs of cooling
Germany imported 1,759 kilograms (3,878 pounds) of medical cannabis flower for pharmacy dispensing during the third quarter of 2020, new data from the Federal Institute for Drugs and Medical Devices (BfArM) shows. This represents a 28% decrease over th…
Aurora Cannabis reports quarterly loss amid restructuring push
Major Canadian marijuana producer Aurora Cannabis reported a slight quarterly revenue increase during its first fiscal quarter, despite an adjusted EBITDA loss of 57.9 million Canadian dollars ($44.7 million) as the company worked through its transitio…
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 …
TerrAscend to buy Maryland marijuana firm from Curaleaf for $27.5 million
Cross-border marijuana firm TerrAscend Corp. on Friday announced an agreement to acquire HMS, a Maryland medical cannabis processor and cultivator, from Curaleaf Holdings for $27.5 million. The price tag includes $25 million in cash plus a $2.5 million…
Canada’s Ayr Strategies buys Arizona medical cannabis firm for $81 million
Multistate cannabis operator Ayr Strategies announced an $81 million acquisition deal that will allow the Toronto-based company to enter Arizona, giving it three storefronts in the Phoenix metro area and two cultivation facilities. The deal comes on th…