Portugal exported 5,438 kilograms (roughly 12,000 pounds) of medical cannabis in the first half of this year, according to the latest figures published by the country’s health authority, Infarmed.
Matt Lamers
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Tobacco giant ups stake in cannabis firm Organigram with CA$124.6M investment
British American Tobacco is once again increasing its investment in Canadian cannabis producer Organigram Holdings, this time deepening their partnership through an injection of 124.6 million Canadian dollars ($92.5 million).
Canadian cannabis industry on track for record number of licensee exits
The Canadian cannabis industry is on pace to see a record number of federal licenses revoked this fiscal year, largely at the request of the companies themselves, according to new data from Health Canada.
Recreational cannabis stores coming to Switzerland as part of experiment
Germany-based Sanity Group is teaming up with the Swiss Institute for Addiction and Health Research (ISGF) to open two legal recreational cannabis stores in Switzerland as part of the country’s pilot study into dispensing marijuana.
Tilray goes green in switch to hemp packaging for some cannabis products
Canadian cannabis producer Tilray Brands has started to convert some of its packaging and product components to hemp in an attempt to minimize the use of single-use plastics that end up in landfills.
Aurora Cannabis settles patent dispute with Willow Biosciences
Canadian licensed producer Aurora Cannabis has reached a settlement with Willow Biosciences over an ongoing patent litigation.
Two-thirds of Canadian consumers buy only legal cannabis, survey shows
Two-thirds of Canadian consumers buy cannabis only from legal sources, according to a new survey from Toronto-based polling company Pollara Strategic Insights.
SNDL closing CA$100 million flagship cannabis facility in Alberta
Almost exactly five years after SNDL opened a cannabis cultivation facility in Olds, Alberta, the Canadian producer announced it’s closing the enormous plant “to enhance the competitiveness” of its marijuana operations segment.
Canadian cannabis sales rise in August, surpassing CA$3 billion in 2023
Canada’s recreational cannabis industry continued to experience steady monthly growth this year, with sales in August rising to 464.2 million Canadian dollars ($339 million), or a 4% increase over July, according to the latest data released by Statistics Canada.
Cannabis operator Village Farms gets extension to regain Nasdaq compliance
Village Farms International, which owns Canadian cannabis producer Pure Sunfarms, was granted a six-month extension by the Nasdaq stock exchange to regain compliance after its stock price fell below the exchange’s minimum-bid rule.
2 employees of Israeli cannabis producer InterCure kidnapped by Hamas
Two employees of Israeli cannabis producer InterCure were among those kidnapped by Hamas when the militants infiltrated Israel’s southern border earlier this month, the company disclosed this week.
From weed to orchids: Canadian growers turn to new crops amid cannabis glut
Some of Canada’s largest cannabis cultivators are turning to vegetables, fruits and orchids to bolster their bottom-line as macroeconomic fundamentals continue to challenge the struggling industry.
