Adult-use cannabis retailer Fire & Flower Holdings entered into a definitive agreement to buy rival store operator Friendly Stranger Holdings. Under the deal, if it's approved, Toronto-based Fire & Flower would issue approximately 31.1...
Matt Lamers
Matt Lamers's Latest Posts
Canadian cannabis greenhouse, once world’s largest, hit with massive fire
Part of cannabis producer Canopy Growth's idled greenhouse complex in Delta, British Columbia, went up in flames over the weekend. Dozens of firefighters were part of seven crews dispatched to the facility Sunday morning, according to a news release from the city....
How Canadian cannabis firms lost millions on bad greenhouse deals
When Aurora Cannabis acquired greenhouse design firm Larssen in late 2017, it was a shot across the bow of rival Canadian marijuana producers.
Cannabis producer Hexo ends year with CA$546 million loss
Canadian marijuana producer Hexo Corp. reported a net loss of 170 million Canadian dollars ($127 million) for its fourth quarter, ending its 2020 fiscal year with a CA$546 million loss. The quarterly loss accounts for inventory write-downs...
New Zealand voters reject adult-use cannabis bill, provisional results show
Preliminary results show a slim majority of voters in New Zealand rejected the country’s referendum on a proposed bill to legalize and regulate sales of adult-use cannabis, the country’s Electoral Commission announced Friday.
Bahamas panel recommends marijuana and hemp legalization
A Bahamas committee charged with laying out an economic recovery plan recommended the country legalize marijuana for recreational, medical and religious use. The Economic Recovery Committee (ERC) called for the establishment of a regulatory body to oversee the...
Farm Credit Canada’s cannabis lending tops CA$140 million
Farm Credit Canada, a government-owned agricultural lender, has steadily increased its exposure in the regulated cannabis sector in recent years, according to new figures provided to Marijuana Business Daily. The Crown corporation’s current...
Aurora Cannabis looks to shore up finances with $500 million shelf offering
Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documentation with...
Shoppers Drug Mart seeks cannabis sales in pharmacies: Q&A with exec Ken Weisbrod
Medical cannabis products in Canada should be dispensed to patients inside pharmacies - a natural progression for the sector that would lead to improved practitioner oversight, according to the point person for medical marijuana at Shoppers Drug Mart, the largest...
Supply glut grows for Canadian edibles, dried cannabis
The discrepancy between sales of cannabis edibles and inventory in Canada is growing, according to the most recent data from the federal health regulator.
New Zealand seeks proposals to educate doctors on medical cannabis
The New Zealand government has issued a request for proposals to provide the nation’s physicians with a primer on medical marijuana and its use as a medicine.
Flowr to buy Terrace Global amid tepid cannabis M&A market
Toronto-based cannabis producer The Flowr Corp. entered into a definitive agreement to acquire Terrace Global, a Canadian company focused on the development of international marijuana assets. The all-share transaction, expected to close by the...
