EMAIL: mattl@mjbizdaily.com
PHONE: 720.699.0794

Matt Lamers

Matt is based in the Greater Toronto Area and covers international cannabis markets for Marijuana Business Daily. Previously, he worked as a business editor, photographer and reporter for newspapers and magazines in three countries, covering everything from the oil and gas industry in northern British Columbia to North Korean defectors in Seoul.

Pure Sunfarms posts quarterly profit on surging marijuana revenue

Licensed cannabis producer Pure Sunfarms reported a significant jump in adult-use marijuana revenue for the three months ended June 30, further separating itself from most of its large-scale competitors with consistent sales growth, analysts said. British Columbia-based Pure Sunfarms, a subsidiary of Village Farms International, booked net sales of $24.8 million (31.2 million Canadian dollars) […]

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Canopy execs earn raises, bonuses after cannabis giant loses CA$1.7 billion

Executives for cannabis producer Canopy Growth received more than 4 million Canadian dollars ($3.2 million) in cash bonuses after making “solid progress in the year,” according to a regulatory filing, even as the company lost CA$1.7 billion and laid off hundreds of workers. The Smiths Falls, Ontario-based company disclosed the executive compensation figures for fiscal […]

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Tilray reports $336M annual loss, targets $4B in cannabis sales by 2024

Canadian cannabis producer Tilray reported an annual loss of $336 million (422 million Canadian dollars) for its fiscal year ended May 31, capping off a transformative year in which the company closed a reverse-merger with Aphria and bought U.S. brewer SweetWater Brewing Co. The financial data include four weeks of results flowing from the merger […]

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US-based Cookies plans flagship cannabis store in Toronto this year

Gage Growth Corp. announced details of its previously disclosed plan to bring the U.S. cannabis brand Cookies to the Canadian market, including the location of its first store. Detroit-based Gage will work with Canadian producer Noya Cannabis to launch Cookies products exclusively in Ontario, Canada, before expanding into other provinces, according to a news release. […]

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Aurora Cannabis continues board revamp, installs ex-Pfizer executive

Aurora Cannabis expanded its board and installed Theresa Firestone, a senior health-care executive, as an independent director, the Edmonton Alberta-based company announced Monday. Firestone joins Aurora after overseeing the launch of Shoppers Drug Mart’s medical cannabis business. Shoppers, owned by supermarket giant Loblaw Cos., is the largest pharmacy chain in Canada. Previous to Shoppers, Firestone […]

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Why Entourage bet CA$17.5M on small-batch marijuana cultivation: Q&A with CEO Scorsis

No licensed producer in Canada has managed to gain and hold more than one-fifth of the country’s cannabis market since legalization, even though the largest companies have spent – and lost – billions of dollars trying. George Scorsis, interim CEO of Entourage Health Corp. (formerly WeedMD), doesn’t see that as a fluke. “I believe that […]

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Private-sector BC cannabis delivery launches, bringing new opportunities, challenges for retailers

New rules in British Columbia allowing privately owned cannabis retailers to offer home delivery take effect Thursday. Industry sources say the move could help level the playing field between legal retailers and B.C.’s entrenched illicit market, which until Thursday enjoyed limited competition for home delivery. However, several retailers said they’ve been scrambling to find solutions […]

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Cannabis producer Organigram sees sales rebound in third quarter

New Brunswick-based cannabis producer Organigram Holdings reported an improved fiscal third quarter, with revenue rebounding to 20.3 million Canadian dollars ($16 million), up almost 40% over the previous three-month period. Net loss also improved. The company lost CA$4 million in the quarter ended May 31, an improvement over the second quarter’s CA$66.4 million loss. Organigram […]

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Yeast, mold concern prompts cannabis recall in Canada

Approximately 11,304 units of recreational and medical cannabis have been recalled in Canada over concerns the affected product might contain yeast, mold and bacteria. The recall involves dried cannabis pre-rolls produced by Edmonton, Alberta-based Atlas Growers and sold by retailers of recreational marijuana in Alberta, the Northwest Territories and Yukon. An undisclosed quantity was also […]

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GTEC Cannabis uplisting to TSX, rebranding as Avant Brands

Kelowna, British Columba-based GTEC Cannabis Co. says it has received approval to graduate from the TSX Venture Exchange and now can list its shares on the Toronto Stock Exchange. The company also said it plans to change its name to Avant Brands. Trading on the Toronto Stock Exchange will commence July 12 under the ticker […]

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