Licensed medical marijuana producer ABcann Global Corp. has reached a deal to raise 30 million Canadian dollars ($22 million), strengthening its cash position to over CA$70 million. The proceeds of the financing are being earmarked for strategic acquisitions in the...
A Canadian marijuana company has entered into an agreement to buy a privately owned medical cannabis dispensary in California for $1.6 million (CA$2 million), the latest sign that interest in American MJ assets is slowly picking up in Canada. [include_post...
Alberta is set to become the first province in Canada to give hotel owners the option of allowing recreational marijuana consumption in guest rooms, creating a potentially huge new cannabis tourism sector. It’s also the first time a province has sought to regulate a...
A licensed producer of medical marijuana that issued a voluntarily recall says more than 70% of the product has been returned. Aurora Cannabis - based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB - issued the recall last week for for 1.9...
A new set of regulatory proposals has been released by Health Canada that would have wide-ranging implications for most businesses in Canada’s marijuana industry — and even many stuck in the gray market. The regulations would facilitate the coming into force of the...
Recreational marijuana will be sold to anyone 19 or older at privately owned stores under Yukon’s detailed proposal announced Nov. 20.
Consumption will be limited to private residences.
Three-quarters of Canadian cannabis producers expect big tobacco, pharmaceutical and alcohol companies to muscle their way into the marijuana sector over the next three years. Recognizing there is substantial opportunity in the cannabis sector, established industries...
A Mississauga, Ontario-based medical marijuana company is taking steps to raise 50 million Canadian dollars ($40 million) through a private placement of its securities to expand its existing facility and pursue strategic pharmaceutical assets.
Saskatchewan doesn’t want to be in the business of owning retail marijuana outlets, according to its justice minister, suggesting more opportunities could be in store for entrepreneurs in the province. Justice Minister Don Morgan said Saskatchewan is leaning toward a...
Newfoundland and Labrador might allow privately owned stores to sell recreational marijuana, a move that would open up significant retail opportunities for entrepreneurs in the province.
If the plan is approved, Newfoundland would become the first province east of Manitoba to give entrepreneurs a piece of the retail marijuana market.
Aurora Cannabis said Monday it is proceeding with a hostile takeover attempt for CanniMed Therapeutics this week after the rival medical marijuana producer rebuffed its initial friendly bid for 544 million Canadian dollars ($425 million) in stock. The hostile bid...
Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire...
