Canadian producer Aurora Cannabis is closing its remaining facility in Denmark and moving production to Canada in a bid to lower costs.
Matt Lamers
Matt Lamers's Latest Posts
How Decibel disrupted Canadian cannabis: Q&A with exec Adam Coates
Decibel Cannabis is a rare breed among Canadian producers because it’s nimble, innovative, financially prudent and has exceptional operations.
Cannabis firm Atlas Global selling Alberta facility, laying off 50 people
Canadian cannabis company Atlas Global Brands is ceasing operations at a facility in Gunn, Alberta, and laying off 50 employees.
Czech Republic might push ahead with cannabis legalization, analyst says
The Czech Republic could still move ahead with adult-use cannabis legalization in some form, despite legal and political hurdles and Germany’s partial retreat from its plan to regulate marijuana sales.
Cannabis firm TerrAscend sells head office in Canada for under asking price
TerrAscend Corp., a North American cannabis operator, has sold its head office in Mississauga, Ontario, for 19.7 million Canadian dollars ($15 million).
Cannabis retailer Fire & Flower granted creditor protection after ‘significant net losses’
Fire & Flower Holdings and its cannabis subsidiaries have received an initial order for creditor protection from a Canadian court after raking up significant net losses of more than 200 million Canadian dollars ($150 million) since 2018.
Canada’s unsold cannabis inventory balloons to 1.5 billion grams
Business failures and consolidation failed to stop Canada’s stockpile of unsold cannabis from reaching a new high in the final quarter of 2022, the latest sign that shrinking prices and margins could continue to squeeze companies in 2023.
Manitoba repeals 6% retail levy on legal marijuana sales
Manitoba has repealed a requirement for legal cannabis retailers to pay a 6% “social responsibility fee” based on their gross annual sales to the province.
Decibel Cannabis reports small first-quarter loss, positive adjusted EBITDA
Decibel Cannabis booked a net loss of 569,000 Canadian dollars ($418,000) in the first fiscal quarter of 2023, marking a substantial improvement over the Calgary, Alberta-based company’s CA$4.4 million loss in the same period last year.
Marijuana producer Canopy buying 20% of Indiva
Canadian cannabis producer Canopy Growth has reached a deal to acquire a 19.99% stake in edibles maker Indiva, while also gaining control of all distribution and sales of Wana branded products in Canada.
Canada should rethink marijuana edibles rules, Competition Bureau says
Canada’s federal Competition Bureau has released a set of recommendations that it said, if implemented, could help to further displace the illicit market and bolster the regulated cannabis industry.
Unpaid cannabis tax in Canada balloons to almost CA$200 million
The amount of unpaid federal excise tax owed by Canada’s cash-strapped licensed cannabis producers more than tripled in the latest fiscal year from a year earlier as companies complain they’re getting buried by government fees and levies.
