A startup phase for a pilot program to allow limited cultivation and distribution of adult-use cannabis in the Netherlands is set to launch in December with only two cultivators, the Dutch government disclosed in a letter to Parliament.
Matt Lamers
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Canadian cannabis companies tap government funding programs
More Canadian cannabis companies are tapping government funding sources to finance research and other projects as private-sector capital has become harder to come by.
British Columbia cannabis stores can now receive samples from producers
Federally licensed cannabis producers are now allowed to provide authorized stores in British Columbia with product samples for a nominal fee to help them promote products.
Marijuana producer Organigram files CA$500 million shelf prospectus
Marijuana producer Organigram Holdings filed a preliminary short-form base shelf prospectus to raise up to 500 million Canadian dollars ($370 million) by issuing securities over a 25-month period.
British Columbia court tosses suit over cannabis store enforcement on reserves
A group of licensed cannabis retailers in British Columbia lost their bid to be compensated for the province’s alleged failure to “adequately” enforce provincial licensing requirements on Indigenous reserves.
Thailand plans cannabis law rewrite to allow only medical sales
Thailand’s new prime minister said the Southeast Asian country plans to rewrite its cannabis laws to allow only medical use, a move that would halt widespread recreational sales and fundamentally alter the industry.
Cannabis tech company GrowerIQ wins CA$1 million government grant
Cannabis technology company GrowerIQ received a grant worth 1.08 million Canadian dollars ($790,000) to enhance its cannabis tracking system and broaden its reach as a global player in the industry.
Denmark has destroyed more than 145,000 kilograms of cannabis
Much of the medical cannabis produced under Denmark’s regulatory regime has never made it to market and was intentionally destroyed for various reasons, according to government data.
Cannabis producer BZAM cuts 90 more jobs after TGOD merger
Canadian cannabis producer BZAM has slashed another 90 employees as part of its merger with The Green Organic Dutchman Holdings (TGOD), which closed earlier this year.
Canadian cannabis producer Canopy Growth raising $25 million
Canadian cannabis producer Canopy Growth Corp. entered into subscription agreements with institutional investors in a private placement offering for gross proceeds of approximately $25 million (33.8 million Canadian dollars).
Cannabis retailer High Tide reports small loss, positive free cash flow
Canadian cannabis retailer High Tide reported positive free cash flow of 4.1 million Canadian dollars ($3 million) for its third fiscal quarter of 2023, an important milestone as financing becomes harder to come by in the marijuana industry.
Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale
Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct a court-supervised sale of the brand and its property, the Ontario-based company said Thursday.
