Canada’s Aurora Cannabis signed a five-year supply agreement with MedReleaf Australia, the Alberta-based company announced. The deal makes MedReleaf Australia the exclusive supplier of the Canadian producer’s MedReleaf, CanniMed and Aurora brands. The …
International Marijuana Business News
New marijuana REIT strikes deal to combine with Israel’s InterCure
Subversive Real Estate Acquisition REIT is combining with Israeli marijuana producer InterCure in a deal that values InterCure at $300 million and is intended to secure a Nasdaq listing for the combined company. InterCure’s Canndoc subsidiary is …
Newly formed Cannabis Beverage Council inspired by alcohol prohibition
A new beverage group has been formed to connect leaders in the cannabis and beverage industries who hope to expand that segment of the hemp and marijuana sectors.
Newly formed Cannabis Beverage Council inspired by alcohol prohibition is a post from: Ma…
France chooses companies to supply free medical cannabis for trial program
The French Agency for the Safety of Medicines and Health Products (ANSM) selected the companies that will supply France’s medical cannabis pilot program that’s intended to provide free products to patients enrolled in the trial. Cannabis co…
Analyst warns of more closures, consolidation amid Canadian cannabis glut
The Canadian cannabis industry should brace for more facility closures, bankruptcies and consolidation amid a worsening oversupply situation, Jefferies analyst Owen Bennett warned this week following a Marijuana Business Daily report drawing attention …
Canadian marijuana retailer High Tide buys US online head shop for $8 million
Calgary, Alberta-based marijuana retailer High Tide is spending $8 million to acquire Smoke Cartel, a U.S. e-commerce website that sells cannabis accessories and CBD products. Under terms of the deal, High Tide will pay $2 million in cash and $6 millio…
French consultation on marijuana legalization passes 200,000 responses
A consultation on cannabis legalization in France that launched on Jan. 13 has already gathered 200,354 responses, Marijuana Business Daily has learned. The consultation is not expected to prompt a near-term legislative change, but a positive outcome c…
Dutch recreational cannabis experiment advances after court appeal rejected
A Dutch judge rejected on Thursday a request to annul the results of a lottery process used to select cultivators for the country’s recreational cannabis experiment. “This means the experiment will likely continue moving forward as planned,…
Aurora Cannabis raising $125 million with eye on reducing debt
Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the Alberta company announced. Aurora said in a news release that it entered i…
Pyxus International divesting Canadian cannabis subsidiaries
U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and “focus on its more profitable tobacco and e-liquid businesses.” The three subsidiaries – Figr Brands, Cana…