By Matt Lamers
Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.
Cannabis companies raised $165.9 million via debt instruments – including convertible bonds, debentures and term loans – through August.
New Brunswick entered into separate agreements with two of Canada's largest licensed producers to buy 9,000 kilograms of cannabis per year worth 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized...
Canada's largest licensed cannabis producer continued its aggressive drive overseas by signing a deal to be the exclusive supplier of medical marijuana for Australia's AusCann Group Holdings Ltd. Canopy earlier agreed to take a 15% ownership stake in the Perth-based...
By Matt Lamers
New Brunswick’s groundbreaking deal to buy a combined 100 million Canadian dollars ($82 million) worth of cannabis per year from two licensed producers could be a harbinger of things to come for provinces aiming to lock up supply before next year’s launch of adult-use cannabis.
By Matt Lamers Canada’s cannabis industry is pushing back against the Ontario government's blueprint for regulating marijuana, urging the province to reconsider its plan to handle recreational cannabis sales while shutting the private sector out of the retail rec...
One year ahead of adult-use marijuana legalization, Canada's licensed producers continue to bolster their inventories of cannabis, according to fresh data from Health Canada. Despite the stockpiling, LPs still have a long way to go to meet anticipated recreational and...
Less than two weeks after securing a 5 million Canadian dollar ($4 million) line of credit, Green Organic Dutchman Holdings is taking steps to raise another CA$20 million through a private placement of its securities.
The Canadian marijuana producer plans to use the money to build its planned cultivation facilities in Ontario and Quebec to meet demand for medical and recreational cannabis.
Canada’s federal government has indicated it won’t interfere in how provinces decide to regulate distribution, taxation and retail when adult-use marijuana is slated to become legal next summer - regardless of how the provincial programs are implemented. “Each...
Canopy Growth will supply medical marijuana seeds to the Spanish pharmaceutical company Alcaliber, becoming the latest licensed Canadian producer to expand its footprint in Europe. Alcaliber will use the seeds to grow and export medical cannabis from its facilities in...
Premier John Horgan said British Columbia will be ready for cannabis legalization next summer and signaled private entrepreneurs may play a role in the retail sector - unlike in Ontario, which favors a government-run model. In a radio interview on The Jon McComb Show,...
By Matt Lamers Canadian regulators have been approving new marijuana producers at a speedier clip, but it may not be enough to avert a supply shortfall when the nation's recreational cannabis market rolls out next summer. Few, if any, of Canada’s newest licensed...
Marijuana will be sold in Ontario through a chain of government-run stores, all existing medical cannabis dispensaries will be closed, and consumption will be limited to private homes, Ontario's Liberal government said Friday in announcing the province's framework...
