Canadian cannabis company Canopy Growth Corp. on Thursday said it entered into subscription agreements with institutional investors to raise $35 million.
Matt Lamers
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Ukraine might depend on cannabis imports for years before local production is ready
Local industry watchers say it could be years before domestic cannabis cultivation in Ukraine is up and running after Parliament gave the green light to a draft law that will lay the legal foundation for a medical marijuana industry.
Cannabis prospectuses in Ontario fell dramatically in 2023, data shows
The number of prospectuses filed in Ontario by cannabis companies in connection with public offerings of securities declined dramatically in 2023 compared to previous years, according to new data from the Ontario Securities Commission.
Panama awards licenses to 7 medical cannabis businesses
Seven companies in Panama were granted licenses to manufacture medical cannabis products after a lengthy evaluation by the country’s National Directorate of Pharmacy and Drugs.
Cannabis operator Canopy Growth terminates $30M private placement
A private placement of shares and warrants announced by Canopy Growth Corp. was terminated only three days after it was unveiled, the Canadian cannabis operator disclosed in a regulatory filing with the U.S. Securities and Exchange Commission.
Survey: 69% of Canadian cannabis consumers ‘always’ buy legal products
Canada’s federally regulated marijuana industry captured more illicit-market share than ever in 2023, the government’s annual Canadian Cannabis Survey suggests.
Australian marijuana grower ECS reports record sales of AU$7.3 million in quarter
ECS Botanics Holdings, an Australian medical marijuana cultivator in Victoria, reported a significant jump in revenue to 7.3 million Australian dollars ($6.5 million) in its second fiscal quarter ending Dec. 31.
Cannabis operator Tilray trims loss to $46 million in quarter on record sales
Canadian cannabis producer Tilray Brands trimmed its loss to $46.2 million (61.6 million Canadian dollars) in the second quarter of its 2024 fiscal year on the back of record net sales.
Canada destroyed 3.7 million pounds of unsold, unpackaged cannabis since 2018
Canadian operators destroyed millions of packages of unsold cannabis products and a record amount of unpackaged dried flower in 2022 and the first half of 2023, largely because of years of imbalance in supply and demand, MJBizDaily has learned.
Auxly Cannabis inks tentative deal with lenders on credit facility
Auxly Cannabis Group has signed a nonbinding term sheet to amend the credit facility between a syndicate of lenders and its wholly owned subsidiary, Auxly Leamington.
Village Farms sends first cannabis shipment to growing UK market
Village Farms International has sent its first shipment of two cannabis brands to the growing United Kingdom market.
Fourth cannabis store opens in Indigenous community in Alberta
High Tide has opened the doors for its Canna Cabana cannabis store on the Tsuut’ina Nation in the province of Alberta.
