Canadian cannabis producer Cronos Group reported a quarterly loss of $111.7 million and an adjusted EBITDA of negative $53.1 million, according to the full-year and fourth-quarter results released Friday, well below analyst expectations. However, Cronos exceeded...
Canadians purchased fewer cannabis edibles and extracts last November compared to the previous month, new Health Canada data shows, ending at least 11 consecutive months of growth for the categories. In November, roughly 1.52 million packages of edibles were sold...
On-again, off-again merger talks between rival cannabis producers Tilray and Aphria had their genesis in October 2019 when an unidentified investment bank active in the marijuana space pitched a meeting between the company's respective CEOs, according to a proxy...
A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission.
Canadian marijuana producer Canopy Growth filed a preliminary short-form base shelf prospectus enabling the company to raise up to $2 billion (2.5 billion Canadian dollars) in one or more series or issuances of securities over a 25-month period.
A subsidiary of Canada’s Aurora Cannabis says its "made in Denmark" medical cannabis products have reached some Germany pharmacies for the first time - a milestone that was years in the making. The German distribution comes before the products have been cleared by...
The Green Organic Dutchman is considering the sale of its mammoth cannabis greenhouse in Salaberry-de-Valleyfield, Quebec, only about two months after the Mississauga, Ontario-based licensed producer increased its stake in the property to 100%. “Multiple bids are...
Negotiating an international cannabis merger worth roughly $100 million is hard enough - but doing so during a global pandemic is downright daunting. That's what Israel's IM Cannabis had to do when it agreed in late 2020 to acquire Toronto-headquartered Trichome...
Cannabis producer Tilray cut its annual loss to $271 million for 2020, an improvement from the Nanaimo, British Columbia company’s $321 million loss in 2019, according to the full-year and fourth-quarter results released Wednesday. Tilray,...
Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock.
Smiths Falls, Ontario-based Canopy Growth sold off two facilities in British Columbia that it once touted as the largest cannabis greenhouses in the world.
Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis net revenue was...
