Phil Shaer, the chief legal officer for Canadian cannabis producer Canopy Growth, is set to leave the company next month, according to a regulatory filing with the U.S. Securities and Exchange Commission. “On September 14, 2021, Mr. Phil Shaer notified Canopy Growth Corporation of his intention to resign as the company’s chief legal officer and […]
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Cannabis producer Tilray shutting ‘flagship’ facility in Nanaimo
Marijuana producer Tilray Inc. is shutting down a “‘flagship” facility in Nanaimo, British Columbia, as part of the company’s plan to save money following its merger with Aphria, the company confirmed in an email to MJBizDaily. “Tilray will be closing its office and facility in Nanaimo, BC. With the recent business combination with Aphria, Tilray […]
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Canada’s Cannabis Act is leaving Indigenous entrepreneurs behind, critics say
The Assembly of First Nations is calling on Canada’s federal government to remove regulatory barriers it says are excluding Indigenous entrepreneurs from participating in the expanding adult-use marijuana industry. The national advocacy group’s assertion – made in an interview with MJBizDaily and in its 2021 “Federal Priorities” document – seems to be borne out in […]
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Is cannabis legalization on horizon in Germany? Not so fast, experts say
Canadian cannabis industry executives are paying close attention to Germany’s upcoming election, where pro-cannabis parties are in a good position to unseat the political union that has long opposed any form of recreational legalization. However, experts are pouring cold water on any expectations of meaningful cannabis reform in the near future, as questions remain over […]
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Green Organic Dutchman set to down-list shares ahead of US marijuana move
Mississauga, Ontario-based The Green Organic Dutchman Holdings is one step closer to down-listing its shares from the Toronto Stock Exchange after receiving approval to list on the Canadian Securities Exchange. Listing on the CSE would allow The Green Organic Dutchman to pursue opportunities in the more lucrative American plant-touching cannabis market, as the TSX mostly […]
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Canadian cannabis industry ‘increasingly fragmented’ despite M&A, record sales
The Canadian cannabis industry is becoming more fragmented than ever, with the biggest licensed producers continuing to lose market share as a whole, according to a report by Bank of Montreal analyst Tamy Chen. Citing data from analytics firm Hifyre, the report notes that the top five licensed producers represented less than 40% of the […]
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Flower rules in BC, beverages fall flat as cannabis distributor ekes out CA$13.6M profit
British Columbia’s cannabis distributor posted net income of 13.6 million Canadian dollars ($10.8 million) for the fiscal year ended March 31, 2021, rebounding from a loss of CA$5.3 million in the previous year thanks to a surge in adult-use sales, according to new government data. The newly released annual report from the BC Liquor Distribution […]
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How large Canadian cannabis producers are leveraging small-batch craft cultivation
Large Canadian cannabis producers are turning to small-batch cultivators to tap into a growing consumer appetite for higher-quality “premium” marijuana products. To that end, some large licensed producers have entered into partnerships with craft companies. Others have bought them outright, and some are buying craft cannabis in the wholesale market for resale at the retail […]
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Aurora sends first shipment of ‘free’ marijuana to France
A subsidiary of Edmonton, Alberta-based Aurora Cannabis delivered its initial shipment of medical marijuana to France for use in the country’s pilot program, the company announced Wednesday. The program is reportedly set to start serving medical cannabis to patients at no charge in the coming weeks. Aurora was among companies from Australia, Canada, Israel and […]
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Indiva revenue surges on growing appetite for cannabis edibles
Canadian licensed cannabis producer Indiva experienced a substantial climb in net revenue in the April-June quarter that stemmed, in large part, from growing sales of edible products. The Ottawa, Ontario-headquartered company reported net revenue of 9.1 million Canadian dollars ($7.2 million) for the period, up 209% year-over-year and 46% over the previous quarter. Cannabis edibles […]
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Will Colombia’s overhaul of cannabis industry rules resuscitate the promising sector?
Colombian President Ivan Duque signed a decree into law that will expand revenue opportunities for domestic cannabis businesses inside and outside the country, a move some industry sources say could resuscitate a sector that has not yet come close to meeting expectations. Duque’s decree lifts the prohibition on the export of dried medical marijuana and […]
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Aurora Cannabis outdoor farm in British Columbia evacuated due to wildfire
(This story has been updated with information about Heritage Cannabis Holdings’ subsidiary in nearby Falkland being evacuated last week.) Aurora Cannabis had to evacuate its outdoor marijuana farm in Westwold, British Columbia, because of wildfire activity in the area, MJBizDaily has learned. Aurora’s employees are safe and the evacuation of the Aurora Valley site has had […]
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