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Aurora Cannabis co-founder Terry Booth tapped to be CEO of US-based Australis

Published January 5, 2021 | By Matt Lamers

Eleven months after stepping down as CEO of the Canadian marijuana giant he co-founded, former Aurora Cannabis chief executive Terry Booth said he plans to return to the marijuana industry to head up a U.S.-based cannabis investment firm that is an Aurora spinoff. Booth’s widely publicized exit from Aurora – and now his new job […]

How Canadian cannabis firms lost millions on bad greenhouse deals

Published November 2, 2020 | By Matt Lamers

When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers.

Cannabis use and sleep deficits genetically linked

Published October 26, 2020 | By James Hale

We know cannabis use affects sleep. While it has been used for centuries to improve sleep, there is more recent evidence it can also interfere with sleep depending on the amount used. But why? A published study in the journal Sleep sheds some light on this connection by showing certain shared genes predispose people to […]

San Francisco cannabis retailer acquired by Canada’s TerrAscend for $118M

Published February 11, 2019

Canadian marijuana firm TerrAscend announced it will acquire California-based The Apothecarium in a deal worth more than $118 million (157 million Canadian dollars). In a news release, the Toronto-based company said the deal’s terms included $73.7 million in cash plus another $44.7 million worth of stock. In return, TerrAscend will receive: Three retail shops in […]

Aurora to build Alberta marijuana production facility with eye on exports

Published April 18, 2018

One of Canada’s top licensed producers unveiled plans for its largest cultivation facility, with a “significant proportion” of the new production slated to address a “massive” supply shortfall for medical cannabis overseas. Aurora Cannabis plans to build the 1.2-million-square-foot facility in Medicine Hat, Alberta, to take advantage of the “sunniest city in Canada” and save […]

Rapper Snoop Dogg’s marijuana-related venture firm raises $45 million

Published March 14, 2018

The venture capital firm founded by rapper Snoop Dogg to invest in ancillary cannabis companies has closed its inaugural fund after securing $45 million from investors, making it one of the larger raises in the marijuana industry. Casa Verde Capital, based in West Hollywood, California, raised most of the money last year, according to TechCrunch.com. The […]

Aurora Cannabis goes on ambitious buying spree

Published November 27, 2017

Cash-rich Aurora Cannabis is steamrolling ahead with its aggressive domestic and international expansion plans, snapping up a leading international greenhouse design company and a late-stage marijuana production applicant in Quebec. Those deals came days after Aurora commenced a hostile takeover attempt of rival producer CanniMed Therapeutics in what could be the largest takeover in the industry […]

Organigram aims to be recertified as organic MMJ producer

Published October 12, 2017

Less than a year after Organigram had its organic certification suspended following a product recall, the Moncton, New Brunswick-based company started the process to be recertified as an organic producer of medical cannabis. Organigram said in a news release it submitted an “action” plan to Ecocert Canada, an organic certification body recognized by the Canadian […]

Canadian medical marijuana producer to open online store

Published March 29, 2017

Canopy Growth Corp., Canada’s biggest publicly traded medical marijuana producer, plans to launch an online store that will offer patients one-stop shopping for the company’s various brands. The move sheds light on how Canadian cannabis companies could increasingly turn to the internet as a new approach to peddling their products, particularly as the country rolls out […]

New Market: Louisiana’s MMJ program offers limited opportunities but gains momentum

Published March 2, 2017

By Bart Schaneman

Although it has one of the oldest medical marijuana laws on the books in the United States, Louisiana took steps just last year to lay the groundwork for a regulated MMJ program and a viable cannabis industry.

MMJ company CannaKorp raises $5.7 million in 2016

Published January 12, 2017

CannaKorp, a Massachusetts company that’s been dubbed the “Keurig for marijuana,” said it raised $4.1 million in its latest round of fundraising to help manufacture and distribute its pod-based medical cannabis vaporizing system. For all of 2016, the company raised $5.7 million. The total includes an initial $1.6 million seed funding earlier that year, CannaKorp said in a news […]

Oregon received nearly 2K rec marijuana applications last year

Published January 10, 2017

The agency that governs Oregon’s recreational marijuana industry was swamped with nearly 2,000 adult-use business license applications in 2016, far above the 800-1,200 it expected. The Oregon Liquor Control Commission (OLCC) received 1,907 total applications last year, the Portland Business Journal reported Monday. Of those applications from retailers, growers and other types of businesses, 762 […]