Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive arrangement agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. The proposed acquisition of Vancouver…
International Marijuana Business News
Ontario accelerates cannabis store licensing to 120 per month
The cannabis store regulator in Canada’s single largest recreational marijuana market has once again increased the pace at which it issues store licenses, from 20 per week to 30 per week. The change took effect Tuesday, said the Alcohol and Gamin…
Canadian marijuana retailer Fire & Flower seeks Nasdaq listing
Fire & Flower Holdings, a Canadian cannabis retail chain with an eye on international growth, has applied to list its shares on the Nasdaq exchange in the United States. “The company anticipates that the Nasdaq listing will assist in attracti…
MJBizDaily International will resume publishing Tuesday
Marijuana Business Daily International is not publishing today because the staff is celebrating Canada’s Family Day holiday. MJBizDaily International will resume publishing on Tuesday.
MJBizDaily International will resume publishing Tuesday is a …
Canopy unloads British Columbia cannabis greenhouses at large loss
Smiths Falls, Ontario-based Canopy Growth sold off two facilities in British Columbia that it once touted as the largest cannabis greenhouses in the world. In a regulatory filing this week, the company said it completed the sale of its production facil…
Aurora reports lower sales of adult-use cannabis
Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis…
Mexico’s medical marijuana program offers firms a chance to enter new adult-use industry
Marijuana and hemp companies keen to participate in Mexico’s emerging medical cannabis program should start preparing now, attorney advise, noting it will give businesses a leg up in entering the nation’s adult-use industry once it launches.
MexicoR…
Canopy targets profitability in wake of CA$830 million quarterly loss
Canadian cannabis producer Canopy Growth says its business transformation is taking shape despite an 829.3 million Canadian dollar ($651 million) net loss for the third quarter of its 2021 fiscal year, which ended Dec. 31. Among other new financial tar…
Health Canada declines to fine cannabis companies for violations, opting for other penalties
Canada’s top cannabis regulator chose not to fine CannTrust and Bonify Medical Cannabis despite significant violations of the rules governing the country’s marijuana industry – including illegal cultivation and sale. In fact, Health Canada has no…
Australia to ‘significantly reduce’ regulatory burden for cannabis industry
Australia has proposed amendments to the Narcotic Drugs Act that would overhaul the medical marijuana industry by streamlining the licensing process for businesses and assure access for patients. Rhys Cohen, editor-at-large for the Australian publicati…