Two years after Gibraltar legalized CBD, the tiny British Overseas Territory located on Spain's south coast widened the range of cannabinoids available in the local market. The move could create limited opportunities for medical marijuana companies looking for an...
An Alberta-based cannabis producer is weeks away from flipping the switch on what it says will be Canada’s largest array of rooftop solar panels. Freedom Cannabis expects to activate the 1,830-kilowatt array at its facility 20 kilometers (12 miles) west of Edmonton in...
Quebec cannabis producer Hexo postponed the release of its financial results, which were expected Thursday, after announcing a plan to raise 70 million Canadian dollars ($53 million) in a private placement. In a news release, Hexo said the delay was due to "the...
As Canada’s cannabis industry starts to generate the kinds of sales many businesses expected months ago, it’s also creating a tremendous amount of packaging waste – specifically, hard-to-recycle plastics.
Sales of recreational marijuana across Canada rose 19% in August to 127 million Canadian dollars ($97 million) from the previous month, buoyed by new store openings in Western Canada. British Columbia’s adult-use market is starting to hit its stride after getting off...
Ontario-based The Green Organic Dutchman (TGOD) announced a new construction timetable this week that significantly scales back its expected 2020 production capacity, while maintaining its goal to be profitable by the second half of next year. Earlier this month, the...
A heavy regulatory burden at all levels of government put a damper on legal cannabis sales in the first year of Canada’s adult-use market, but experts are optimistic provincial and federal governments could ease certain rules over time, leading to more business-friendly environments.
Investments by nearly two dozen federally licensed cannabis producers in New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland are expected to reach 700 million Canadian dollars ($532 million) by the end of the year, according to a new report from a...
British Columbia-based Valens GroWorks reported third-quarter net income of 5.9 million Canadian dollars ($4.4 million) on revenue of CA$16.5 million. The vertically integrated cannabis company’s revenue rose 87% over the previous quarter's...
Jodi Butts, an independent board director for Canada Goose clothing company, has been nominated to join one of the country’s top cannabis producers, Leamington, Ontario-based Aphria.
Canadian cannabis producer Aphria said it earned 16.4 million Canadian dollars ($12.1 million) in net income in its latest quarter, a 28% decrease from a CA$21.2 million net income the Ontario company recorded in the same quarter last year. It...
Former Nova Scotia Premier Darrell Dexter is calling on the federal government to address banking issues stymieing legal marijuana businesses across Canada. Almost one year into adult-use legalization, cannabis entrepreneurs and registered not-for-profit trade...
