Cannabis cultivators operating in Newfoundland and Labrador are ineligible to receive funding under the provincial portion of the Sustainable Canadian Agricultural Partnership, a new program that funds agricultural initiatives across Canada.
Matt Lamers
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MTL Cannabis Corp. appoints new chief financial officer
Ontario-based MTL Cannabis Corp., which owns several Canadian marijuana companies, has appointed Jason Nalewany as its chief financial officer, replacing Peili Miao.
Canadian report details troubles plaguing nation’s cannabis industry
A preliminary report by a government-appointed panel of experts analyzing Canada’s adult-use legalization law paints a bleak picture of the nation’s 5.6 billion Canadian dollar ($4 billion-plus) cannabis industry, documenting significant bankruptcies, major racial disparities, piles of unpaid business taxes and a host of other issues.
Canadian cannabis farms eligible for federal funding via CA$3.5B program
Canadian cannabis growers and processors are eligible to apply for funding under the new 3.5 billion Canadian dollar ($2.6 billion) Sustainable Canadian Agricultural Partnership program if certain conditions are met, the administrator of the initiative, Agriculture and Agri-Food Canada, told MJBizDaily.
Mold, labeling issues prompt cannabis recalls in Canada
Thousands of cannabis products have been recalled in Canada since the beginning of September by a number of licensed producers over issues ranging from potentially harmful mold to mislabeled packages.
Australian cannabis market posts brisk growth in first half of 2023
Australia’s medical cannabis industry remained in robust health during the first half of 2023, according to data from the Therapeutic Goods Administration (TGA), the country’s medicine and therapeutic regulatory agency.
Canada’s cannabis ‘strategy table’ quietly met over summer
A group that was supposed to have been created by the Canadian government almost two years ago to shine a light on major issues confronting the nation’s struggling cannabis industry is, for the first time, showing signs of life.
Tilray narrows loss to $56 million on record cannabis sales
Canadian cannabis producer Tilray Brands narrowed its loss to $56 million ($77 million Canadian dollars) in the first quarter on record sales of $177 million, the company said in its financial results for its first quarter of fiscal year 2024.
Aurora Cannabis closes bought deal financing, yielding CA$38.8 million
Canadian producer Aurora Cannabis received gross proceeds of 38.8 million Canadian dollars ($28.3 million) from a bought deal offering after the underwriters’ over-allotment option was fully exercised.
Australian cannabis firm ECS Botanics secures AU$24 million offtake deal
Australia-based medical cannabis company ECS Botanics Holdings has secured a binding offtake agreement to supply dried flower to MediCann Health Pty.
Tilray to pay MediPharm CA$9M package related to Hexo cannabis supply dispute
Canadian cannabis producer Tilray Brands has agreed to pay rival producer MediPharm Labs a settlement package worth 9 million Canadian dollars ($6.6 million).
Alberta cannabis companies eligible for agricultural grants
Cannabis-related agricultural businesses based in Alberta are eligible for provincial funding under two programs if they meet certain requirements, the Ministry of Agriculture and Irrigation told MJBizDaily.
