One of the biggest alcohol businesses in the world is entering into a strategic relationship with one of the largest medical marijuana companies on the globe, a move that could usher in a new era of investments and partnerships between the industries. New York-based...
Canopy Growth signed a strategic partnership with Grow House JA to expand its medical marijuana scope into Jamaica, where construction of a new production facility is already under way. Canopy, traded on the Toronto Stock Exchange as WEED, holds a 49% stake in the...
Another company with strong Canadian ties said it received a license this week to begin the cultivation, distribution and export of medical marijuana in Colombia. CannaVida SAS - based in Colombia and run by a team of Canadian executives - said it will proceed with...
By Matt Lamers Smaller marijuana cultivators will have to be more nimble and strategic to succeed in Canadian provinces dominated by government-run retail monopolies, but the sales model itself won’t make doing business impossible, according to industry executives....
The New Brunswick government plans to sell recreational marijuana through a network of 20 stand-alone nonprofit stores in 15 communities that will be owned and operated by a subsidiary of the Crown corporation NB Liquor, but Finance Minister Cathy Rogers didn’t rule out private sector participation “down the road.”
“We didn’t start out letting the private sector sell alcohol,” Rogers said to CBC News, referring to the province’s alcohol model that now allows for some private sector outlets.
The Quebec government will establish a nonprofit public company to manage the distribution and sale of recreational cannabis within the province, according to a report in the newspaper La Presse. The news means entrepreneurs will be blocked from participating in...
A New Brunswick government-owned corporation has issued a call for proposals for 15 retail spaces across the province to sell adult-use cannabis. A spokesperson for the Finance Ministry declined to confirm to Marijuana Business Daily whether the tender is open to the...
A Canadian marijuana company has inked a strategic alliance with a national chain of convenience stores with the aim of selling adult-use cannabis at the operator's 350 locations across Canada. Cannabis Wheaton, based in Vancouver, called the alliance the “first of...
By Matt Lamers A fog of uncertainty hanging over Canada's cannabis sector was lifted this week after a securities regulator and the operator of the country's largest stock exchange clarified the listing rules for marijuana companies doing business in the United...
On the same day Aphria shares slid more than 13% over delisting fears, the Leamington, Ontario-based company announced a deal to raise up to 92 million Canadian dollars ($73 million) in capital. The new financing, announced Tuesday, came a day after the...
An umbrella organization for Canada's securities regulators issued new guidelines requiring Canadian companies with marijuana-related activities in the United States to spell out the potential risks for investors. Among other things, company disclosures should note...
The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted. The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a notice to listed...
