Auxly Cannabis Group does not have enough cash on hand to fund operations through the coming year, prompting the Toronto-headquartered company to warn investors of “significant doubt” over its ability to continue as a going concern. “The company currently has...
Canada has imported a relatively small amount of cannabis since late 2018, and none for sale commercially, according to data provided to Marijuana Business Daily by the country's federal health department. The data offers additional ammunition to critics who charge...
Canada’s legalization story has been an overarching success, despite major mistakes made by some of the biggest producers.
Estimated expenditures on unlicensed adult-use cannabis fell to 785 million Canadian dollars ($600 million) in the latest quarter, almost half what they were before Canada legalized marijuana in late 2018. The Statistics Canada data shows that spending on recreational...
Nova Scotia’s regulated adult-cannabis market continues to flounder, with the latest sales figures showing no improvement compared to the start of legalization almost two years ago. Cannabis sales for the April-June 28 fiscal quarter were 17.3 million Canadian dollars...
A decision to privatize cannabis store sales in New Brunswick will not be made until after the province's September election. The province had anticipated executing an agreement in early July, but the pandemic delayed the expected timeline. ...
Two North American business groups signed a memorandum of understanding to support Canadian and American companies seeking to capitalize on the growth of the international cannabis market. The agreement between the Canadian Chamber of...
The total value of trade between Jamaica’s cannabis industry license holders was approximately $1.34 million from May 2019 through July 2020, according to recent figures provided by the Cannabis Licensing Authority (CLA) to Marijuana Business Daily. The figure...
Tairawhiti, New Zealand-based Rua Bioscience has received a commercial license to grow and supply cannabis-derived medicines, and is planning an initial public offering to list its shares on New Zealand’s Exchange (NZX), the company announced this week. [include_post...
The Canadian government is being accused of insulating domestic cannabis producers against foreign competition by not allowing imports of medical marijuana. And at least one foreign government plans to make a formal appeal to federal officials in Ottawa, Marijuana...
Packaged inventory of cannabis edibles in Canada has increased much faster than sales in recent months, according to fresh data from the country's federal health department. Federal license holders, provincial distributors and retailers were sitting on roughly 6.3...
The number of active medical marijuana registrations in Canada appears to have leveled off about a year after adult-use cannabis was legalized in the fourth quarter of 2018, but industry experts say it is too early to write off the market.
