The largest producer of medical marijuana on Canada’s East Coast said it signed three separate deals to secure roughly 73 million Canadian dollars ($57 million), with much of the funding going to boost its production capacity. Organigram said in a news release it...
Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canada via 189...
One of Canada’s largest medical marijuana producers announced a stock-purchase deal to raise 100 million Canadian dollars ($77.7 million) in capital, which it intends to apply to the construction of new production facilities globally and in Canada.
Another Canadian pharmacy company has jumped into the medical marijuana business by locking up a supply agreement with a licensed producer, bringing to three the number of chain operators angling to enter the MMJ industry. Toronto-based Maricann Group has signed an...
Aphria is scrambling to shed direct involvement in American medical cannabis businesses as it undergoes a delisting review by its stock exchange operator. The Leamington, Ontario-based company has been in the hot seat since the TMX Group - parent of the Toronto Stock...
Hydroponics companies in Canada are already gearing up for an expected “huge influx” of customers once recreational marijuana is legalized in 2018. The potential home-grow market for adult-use cannabis is being compared to alcohol’s home brew segment, thus opening the...
Canada's recreational marijuana industry might not be up and running until the end of 2018, an opposition senator has indicated, raising the specter of a months-long delay that would have major ramifications for businesses up and down the cannabis supply chain. “The...
Canada’s First Nations are demanding the right to regulate the sale and distribution of recreational marijuana in their communities, and some near urban areas want to adopt more business-friendly rules to create jobs and earn revenue.
The scope of a class-action lawsuit targeting Organigram has been expanded to cover allegations that the cultivator’s pesticide-tainted medical marijuana made patients sick before it was recalled, according to CBC News. The initial suit alleged that Organigram’s...
The Manitoba government has introduced legislation to have private businesses sell recreational marijuana once Canada's adult-use market launches next year. Home cultivation, meanwhile, would be banned. Under the bill, the Manitoba Liquor...
British Columbia is giving private entrepreneurs the opportunity to participate in recreational sales of marijuana next year - alongside the provincial government. The move to permit private- and government-owned retailers was widely expected. [include_post...
A prominent U.S. cannabis company has acquired a “major” equity stake in a fledgling producer of medical marijuana in Ontario, and the CEO of Colorado-based MJardin told Marijuana Business Daily “there will be more to follow.” The investment is the latest sign of...
