EMAIL: mattl@mjbizdaily.com
PHONE: 720.699.0794

Matt Lamers, International Editor

Matt is based in the Greater Toronto Area and covers international cannabis markets for Marijuana Business Daily. Previously, he worked as a business editor, photographer and reporter for newspapers and magazines in three countries, covering everything from the oil and gas industry in northern British Columbia to North Korean defectors in Seoul.

Tilray CEO open to M&A in Canada as cannabis revenue misses target

Canadian cannabis producer Tilray reported net revenue of $168 million (210 million Canadian dollars) for the June-August quarter, the first full quarter of sales after the merger between Aphria and Tilray closed earlier this year. The revenue was shy of analysts’ expectations, who had forecast quarterly sales of over $170 million. Tilray’s net loss grew […]

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Cannabis firm Tilray awarded CEO $13.2 million in cash bonuses this year

Canadian marijuana producer Tilray paid CEO Irwin Simon cash bonuses totaling $13.2 million (16.7 million Canadian dollars) so far this calendar year, on top of granting the chief executive a significant salary raise and millions more in share-based awards, according to a recently disclosed regulatory filing. In total, Tilray’s CEO has received nearly $30 million […]

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New research could prompt Canadian cities to rethink cannabis store bans

Opening more recreational cannabis stores from 2018 to 2020 helped to greatly increase Canada’s legal sales but barely affected overall user numbers, according to new research from Brock University business professor Michael Armstrong. The research could have applications for provinces with a small number of legal cannabis stores as well as dozens of communities across […]

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Village Farms eyes Dutch adult-use marijuana market via option deal

Village Farms International struck a deal that gives the British Columbia-based cannabis company an option to purchase an 80% stake in Netherlands-based Leli Holland B.V., one of 10 lottery winners selected to cultivate and distribute adult-use marijuana to retailers under a government-backed pilot program unique for Europe. The option, which comes with a price tag […]

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Aurora Cannabis’ annual loss shrinks to CA$695 million in 2021

Aurora Cannabis lost 695 million Canadian dollars ($550 million) in its fiscal year ended June 30, 2021, according to its year-end financial statements, an improvement over the CA$3.3 billion net loss the Alberta-based company reported in 2020. The company’s net revenue for the year fell to CA$245.5 million, down from CA$279 million in 2020 as […]

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Report: Delta 9 Cannabis, High Tide among Canada’s fastest-growing firms

A Canadian cannabis producer and retailer have earned spots on a national newspaper’s list of the country’s fastest-growing businesses. Delta 9 Cannabis and High Tide placed seventh and 82nd, respectively, on Report on Business magazine’s 2021 ranking of Canada’s Top Growing Companies. The magazine, a product of the Globe and Mail newspaper, ranked the three-year […]

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Aurora Cannabis cutting 8% of workforce, closing facility in Edmonton

Aurora Cannabis is closing its manufacturing facility at Edmonton International Airport, a move that is expected to impact approximately 8% of its global workforce, the company confirmed in an email to MJBizDaily. The Aurora Polaris facility officially opened in January after being scheduled for completion “in late 2019,” according to regulatory filings. The planned closure […]

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How to build a profitable cannabis business – and critique rivals: Q&A with Village Farms CEO Michael DeGiglio

Only one large-scale cannabis producer in Canada has established a leading market position without accumulating steep losses and significant spending on mergers and acquisition: Pure Sunfarms. The Delta, British Columbia-based cannabis company is a subsidiary of Village Farms, a Florida-headquartered vegetable grower that trades on the Nasdaq as VFF. Pure Sunfarms is profitable, if just […]

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Canopy’s chief legal officer leaving cannabis firm in October

Phil Shaer, the chief legal officer for Canadian cannabis producer Canopy Growth, is set to leave the company next month, according to a regulatory filing with the U.S. Securities and Exchange Commission. “On September 14, 2021, Mr. Phil Shaer notified Canopy Growth Corporation of his intention to resign as the company’s chief legal officer and […]

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Cannabis producer Tilray shutting ‘flagship’ facility in Nanaimo

Marijuana producer Tilray Inc. is shutting down a “‘flagship” facility in Nanaimo, British Columbia, as part of the company’s plan to save money following its merger with Aphria, the company confirmed in an email to MJBizDaily. “Tilray will be closing its office and facility in Nanaimo, BC. With the recent business combination with Aphria, Tilray […]

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Canada’s Cannabis Act is leaving Indigenous entrepreneurs behind, critics say

The Assembly of First Nations is calling on Canada’s federal government to remove regulatory barriers it says are excluding Indigenous entrepreneurs from participating in the expanding adult-use marijuana industry. The national advocacy group’s assertion – made in an interview with MJBizDaily and in its 2021 “Federal Priorities” document – seems to be borne out in […]

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