Canadian producer Heritage Cannabis has been approved to import a medical CBD product into Brazil.
Matt Lamers
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Argentina targets $50 million in medical cannabis exports by 2025
Argentina’s government is laying the groundwork to establish a domestic industry of regulated medical cannabis sales while eyeing the international market.
After exiting Canada, Israel’s IM Cannabis reorganizes business
International medical cannabis company IM Cannabis Corp. is reorganizing its management and operations, including cutting up to 25% of its workforce.
Canadian producer Atlas buying more Israeli cannabis pharmacies
Canadian marijuana producer Atlas Global Brands entered into binding letters of intent to buy majority positions in two cannabis pharmacies in Israel.
Canadian producers report 2,200 kilograms of lost or stolen cannabis since 2018
An increasing amount of cannabis grown by licensed Canadian producers has been lost or stolen over the past five years, new data shared with MJBizDaily shows.
Aurora Cannabis CEO’s ‘transformation’ of company offers lessons for rivals
Aurora Cannabis CEO Miguel Martin discusses his role in the “transformation” of the company from a money-losing venture to one on the upswing.
Cannabis producer Cronos Group ends year with $168.7 million loss
Canadian cannabis producer Cronos Group lost $78.9 million in its fourth quarter ended Dec. 31, bringing the company’s net loss for the year to $168.7 million.
Canadian government’s cannabis duty surpasses CA$1 billion since 2018
Canada’s federal government has assessed more than 1 billion Canadian dollars ($740 million) in total duty on cannabis products since they were legalized for recreational use in 2018, according to federal data.
Guyatt resigns as CEO of Canadian marijuana producer Phoena
Greg Guyatt resigned from his position as CEO of Canadian cannabis producer Phoena “to pursue new challenges,” the Vaughan, Ontario-based company announced.
Indigenous cannabis entrepreneurs underrepresented in Canada, data suggests
Cannabis entrepreneurs in Indigenous communities are significantly underrepresented within Canada’s cultivation and retail marijuana industry, new data compiled by MJBizDaily suggests.
Cannabis firm Canopy raising $95 million in convertible debt offering
Canadian cannabis producer Canopy Growth Corp. entered into an agreement with an institutional investor for a convertible debt issuance worth up to $150 million (203 million Canadian dollars) in two tranches.
Canada’s federal cannabis fees ‘make industry unsustainable,’ group says
Canadian cannabis executives are pleading with the federal government to offer relief to the fee and excise regime it imposes on the industry amid mounting job and financial losses.
