Canadian cannabis producer Canopy Growth plans to seek approval to consolidate its shares after the Smiths Falls-based company was notified by the Nasdaq that it does not meet the stock exchange’s listing standards.
Matt Lamers
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Canadian marijuana entrepreneurs shift focus to ‘micro’ licenses
Cannabis entrepreneurs are increasingly turning to smaller micro-cultivation facilities to manage costs and produce higher-quality marijuana at a time when the industry is facing a glut of “standard” product and falling prices.
Ontario Cannabis Store joins calls to raise Canada’s THC edibles cap
Pressure is growing on the Canadian government to adjust the THC limit governing cannabis edibles, with the country’s largest adult-use wholesaler calling on the nation’s marijuana regulator to consider such a move.
Ukraine draft medical cannabis law passes first hurdle
A majority of Ukraine’s parliament voted in favor after the first reading of a draft law to establish the legal footing for medical cannabis production and distribution in the Eastern European nation.
Canadian cannabis producer Cronos Group reviewing sale options
Cronos Group has received a number of expressions of interest over a possible sale and is reviewing those offers, the Toronto-based cannabis producer said.
Unpaid cannabis regulatory fees continue to climb in Canada
Unpaid regulatory fees owed by cannabis companies to Canada’s federal government jumped more than 200% from a year earlier, to almost 4 million Canadian dollars ($3.1 million) as of the end of March, MJBizDaily has learned.
Germany publishes first draft law for recreational cannabis
The German government published the draft law for the first pillar of its cannabis legalization process that will govern private and communal marijuana cultivation for recreational purposes.
Judge rejects counterproposal for cannabis firm Fire & Flower sale process
A counterproposal by a syndicate of parties that opposed a proposed stalking-horse agreement between cannabis retailer Fire & Flower and its largest shareholder, an affiliate of convenience store operator Alimentation Couche-Tard, was rejected by an Ontario judge.
Cannabis producer Canopy hit with $0 price target by analyst
Beleaguered cannabis producer Canopy Growth received a $0 price target by Eight Capital on Wednesday after the Toronto-based financial firm said it is no longer appropriate to value the Canadian operator as a going concern.
Germany’s first cannabis bill to reach Cabinet this summer, report says
Germany intends to split its planned cannabis reforms into at least two separate draft laws, the first of which is expected to reach the federal Cabinet in mid-August.
German cannabis operator signs on as main sponsor of pro soccer team
German cannabis company Four 20 Pharma has inked a deal to be the main jersey sponsor for Sport-Club Paderborn 07, a professional German soccer club.
Luxembourg OKs recreational marijuana ‘legalization’ – but without sales
Luxembourg approved a law that legalizes homegrown marijuana and largely ends criminalization of the drug, but the statute stops short of reversing the prohibition-era restriction on marijuana sales.
