Citing noncompliance with Canada’s federal cannabis law and regulations, embattled producer CannTrust says it has received a Notice of License Suspension from Health Canada.
Matt Lamers
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Reports: Former cannabis heavyweight Tikun Olam to sell Israeli assets for $42 million
Tikun Olam, once one of the world’s leading medical cannabis companies, is selling its domestic assets for $42 million – or about half of its asking price of $100 million – according to Israeli media reports.
Health Canada suspends British Columbia cannabis producer Evergreen’s licenses
Another cannabis company has been penalized by Health Canada for alleged regulatory violations.
Aurora plots ‘significant’ US marijuana entry in ‘very short period’
Canada’s largest medical cannabis company by revenue and production is planning to make a “significant” splash in the near future on another point of entry in the U.S. market, one of the company’s executives said in an interview. Aurora, based in Edmonton, Alberta,...
Medical cannabis sales stall in Canada after adult-use legalization; affordability, access also considered factors
Monthly sales of medical cannabis in Canada dropped almost 25% in June from October 2018 – when adult use was legalized – according to the latest data from Health Canada.
Aurora Cannabis reports revenue of CA$99 million, a 418% jump
Alberta-based Aurora Cannabis reported net revenue of 99 million Canadian dollars ($75 million) in its most recent quarter, a 418% increase from CA$19 million in the same quarter last year. However, international sales amounted to only CA$4 million in Aurora's fiscal...
Aurora Cannabis closes new loan deal worth as much as CA$200 million
Alberta-based Aurora Cannabis closed an expansion of a loan deal with three of Canada’s biggest banks, making it among the largest nonconvertible debt facilities in the marijuana industry to date, according to analysts. Aurora said it closed term loans worth an...
Jamaica readies rules for commercial medical cannabis exports
Jamaica is engaging stakeholders over highly anticipated regulations to govern the export of commercial-scale medical cannabis, and the rules are expected to be finalized within weeks, according to Agriculture Minister Audley Shaw. Marijuana Business Daily obtained a...
‘Everybody’s reputation dropped’: Measuring Canadian cannabis industry fallout in wake of CannTrust scandal
The scandal that made CannTrust the least-trusted cannabis company in Canada is weighing on the reputation of the entire industry, according to a new survey by market research firm Leger.
Global Cannabis: Seven Nations Where Change is on the Horizon
Here are seven countries to keep an eye on as they roll out new regulations or update old ones.
Global Cannabis: Q&A with Kim Campbell
As the first country to regulate medical and adult-use cannabis at a federal level, Canada has an opportunity to be the leading force in setting standards for other nations to follow, according to former Canadian Prime Minister Kim Campbell. She said integrity of...
Global Cannabis: Q&A with Vicente Fox
For years, former Mexican President Vicente Fox was bullish on launching a legal medical marijuana market in the country he led for half a decade. And now? He’s less optimistic. “I moved from very optimistic time-wise to neutral, because I don’t see things happening....
