Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documen…
International Marijuana Business News
New Uruguayan decree could position country as cannabis logistics hub
Companies operating bonded warehouses in Uruguay are now able to provide international logistics services for the cannabis industry, according to a recently approved decree. Cannabis products can now be shipped from different countries to Uruguay, wher…
Shoppers Drug Mart seeks cannabis sales in pharmacies: Q&A with exec Ken Weisbrod
Medical cannabis products in Canada should be dispensed to patients inside pharmacies – a natural progression for the sector that would lead to improved practitioner oversight, according to the point person for medical marijuana at Shoppers Drug …
Health Canada aims to cut emissions with virtual cannabis inspection pilot
Canada’s federal cannabis industry regulator has launched a two-year pilot project exploring virtual inspections of marijuana production sites, with the goal of reducing carbon emissions. That could ultimately lead to a greater number of cannabis…
Majority of recent cannabis busts in Ontario involved medical grows, police say
Ontario’s provincial police service is trumpeting summer and fall seizures of illicit cannabis plants in Canada’s most populated province, highlighting large seizures of marijuana from “52 large-volume illegal operations” betwee…
Newly enforced law might harm Italy’s medical cannabis market, pharmacies warn
Italian regulators have reminded pharmacies they are barred from shipping medical cannabis preparations to customers, a major departure from how patients have accessed the medicine for years in the southern European country. Business and patient groups…
Supply glut grows for Canadian edibles, dried cannabis
The discrepancy between sales of cannabis edibles and inventory in Canada is growing, according to the most recent data from the federal health regulator. In June, some 7.8 million packaged units of cannabis edibles were held in stock by federal licens…
New Zealand seeks proposals to educate doctors on medical cannabis
The New Zealand government has issued a request for proposals to provide the nation’s physicians with a primer on medical marijuana and its use as a medicine. The government hopes the resulting educational publication, or resource, will provide h…
Before election, focus on fundamentals, not emotions, in cannabis investing
Since we last looked at the performance of U.S. and Canadian operators on July 10, publicly traded cannabis companies have seen some interesting stock price trends as candidates running for the top offices in the U.S. take positions on marijuana reform…
Canadian cannabis sales grow to nearly CA$245 million in August
Canadian sales of legal adult-use cannabis grew by 5.2% from July to August, reaching a monthly total of 244.9 million Canadian dollars ($186.9 million). The monthly record for Canadian marijuana sales implies an annualized market worth more than CA$2….