Marijuana industry leader Canopy Growth Corp. has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes federal prohibition.
As CBD’s popularity continues to surge, companies that invest in data, research and branding as key differentiators will be better positioned for long-term success, Canopy Growth CEO Bruce Linton said at a cannabis conference in Toronto.
Dried cannabis in Canada’s legal market is significantly more expensive than it is in the illicit market, according to new crowdsourced data collected by Statistics Canada. Market watchers say that could be one of the reasons the country’s legal sales have been so...
Higher plant yields helped New Brunswick-based Organigram slash its "all-in" cost of cultivation to 85 Canadian cents per gram (63 cents) - among the lowest in the industry - on gross revenues of CA$33.4 million in its second fiscal quarter results. The results for...
Dozens of cost-sharing grants offered by the province of Ontario and Canada’s federal government are now available for licensed cannabis cultivators.
Ontario plans to prequalify privately owned cannabis retailers - likely by the end of the year - and has recommitted to eventually lifting the province's “temporary” limit of 25 stores. The prequalification criteria released by the government of Canada's largest...
The Ontario Cannabis Store (OCS) is expecting to lose 25 million Canadian dollars ($18.7 million) in the first full year of the country’s new adult-use market, even though it had a monopoly on sales for the first six months of legalization and retains permanent control over all online transactions.
Saskatchewan’s Ministry of Agriculture is allowing cannabis cultivators operating in the province to access cost-sharing grants funded through the Canadian Agricultural Partnership (CAP), a joint federal-provincial program to boost agriculture and agri-food businesses across Canada.
Canadian marijuana businesses are still getting a handle on marketing and branding their products without breaching the country's strict laws on cannabis promotions. Nearly six months in to the nation's newly regulated marijuana sector, Health Canada said it has...
Toronto-based marijuana company MPX International has agreed to purchase all outstanding shares of Swiss CBD maker HolyWorld SA in an all-stock transaction worth 13 million Canadian dollars ($10 million). HolyWorld does business as HolyWeed. [include_post...
The marijuana extraction sector in Canada is still in “the early innings” and poised for significant growth after the federal government legalizes concentrates and edibles later this year, according to a market analyst. “What we like about...
Provincial wholesalers and medical patients in Canada report a shortfall of CBD products for the nonmedical and medical markets, and new data released to Marijuana Business Daily suggests imports aren’t enough to fill the gap. Cannabidiol in Canada can be sold to...
