Former CEO Kevin Murphy and ex-Canadian Prime Minister Brian Mulroney have resigned from the board of directors of New York-based marijuana multistate operator Acreage Holdings.
Matt Lamers
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Canadian recreational cannabis sales jump 12% in June to CA$426 million
Sales of Canadian recreational cannabis jumped to 426.6 million Canadian dollars in June ($316.7 million), a year-over-year increase of 12%.
Canada’s cannabis fees contribute to profitability challenges, report says
Fees charged to cannabis businesses by the Canadian government are contributing to challenges in achieving profitability and positive cash flow, according to a “cost recovery” analysis published by the federal regulator, and some of the fees disproportionally affect smaller businesses.
Canadian cannabis firms increasingly flag rivals over alleged misdeeds
More Canadian cannabis operators than ever are lodging complaints against rival businesses over alleged transgressions or other concerns, a phenomenon being driven by intense competition and desperate companies looking for any edge they can get, according to experts.
Organigram secures United Kingdom cannabis supply deal
Canadian licensed producer Organigram Holdings has struck a supply agreement with 4C Labs to provide dried medical cannabis flower for the United Kingdom market.
Canopy selling cannabis facility back to chocolatier Hershey for CA$53 million
A Canopy Growth Corp. flagship facility that was once emblematic of the prospective wealth and new beginnings of the country’s legal cannabis industry is being sold back to its original owner, chocolate maker Hershey Canada.
Germany’s cannabis insurance payouts hit 51 million euros in first quarter
Insurance reimbursements for medical cannabinoid products in Germany continued to grow in the first quarter of 2023, showing that Europe’s largest economy continues to see a gradual expansion of its cannabis industry – now one of the largest in the world.
German Cabinet sends diluted recreational cannabis bill to Parliament
Europe’s largest economy inched closer to ending marijuana prohibition after the German federal Cabinet gave the green light to a watered-down bill to legalize some recreational cannabis use.
Canadian court hands Organigram partial win in ‘edible’ cannabis dispute
Health Canada breached its duty of procedural fairness when it decided that licensed producer Organigram Holdings’ lozenges should be classified as “edible” cannabis rather than extracts, a federal justice said in granting the company’s application for judicial review.
Aurora shuttering Reliva CBD unit as exports help narrow loss
A significant jump in plant-propagation sales and medical marijuana exports helped Canadian licensed producer Aurora Cannabis narrow its loss in the first quarter of fiscal year 2024 to 28.3 million Canadian dollars ($20 million).
Canopy repeats going concern doubts amid falling cannabis sales
Canopy Growth Corp. reiterated doubts about its ability to stay afloat when the Canadian cannabis producer reported its fiscal 2024 first-quarter results.
Medical cannabis exports lift Village Farms’ Canadian sales
The Canadian cannabis arm of plant-based consumer packaged goods company Village Farms International experienced rising sales in the second quarter ended June 30 on strong export growth.
