Aurora Cannabis reported another significant quarterly and annual loss, but the Alberta-based marijuana producer said it’s on track to report a profit next year on the back of strong growth in the European medical market.
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Industry urges ‘critical action’ as Canada set to launch cannabis law review
The Canadian government on Thursday is set to unveil the first steps for the long-delayed review of its cannabis legislation.
Aurora Cannabis dropped from Toronto stock index
Edmonton, Alberta-based Aurora Cannabis has been deleted from the S&P/TSX Composite Index, according to the latest quarterly review announced by S&P Dow Jones Indices.
The most profitable cannabis businesses in Canada are owned by government
The most profitable cannabis businesses in Canada are owned by various levels of government, according to MJBizDaily research.
Cannabis retailer Fire & Flower reports CA$21.6 million loss for quarter
Canadian cannabis retailer Fire & Flower reported a loss of 21.6 million Canadian dollars ($16 million) on plunging sales for the quarter ended July 30, 2022.
Cannabis retailer High Tide’s quarterly sales nearly double to CA$95.4M
Cannabis retailer High Tide reported third-quarter revenue of 95.4 million Canadian dollars ($71.8 million), nearly double the company’s take for the same period last year.
Cannabis wholesale chaos didn’t ‘meaningfully impact’ Canada’s market – or did it?
Crippling service disruptions at two of Canada’s biggest government-run cannabis wholesalers in August do not appear to have meaningfully impacted the broader market, interim data for the month suggests.
Sources: Canada’s Cannabis Act review won’t launch until after queen’s funeral
The Canadian government is delaying the launch of the mandatory review of the country’s 2018 recreational cannabis law because of the death of Queen Elizabeth II, sources told MJBizDaily.
German cannabis imports growing as Canada’s leading share wanes
Germany imported a record amount of cannabis for medical sales and scientific use in the first half of this year, putting the European Union’s biggest market on pace to match or possibly surpass 2021’s total.
Cannabis producer Tilray news release ‘not correct,’ German lawmaker says
German government officials are questioning the veracity of some key facts in a recent news release by cannabis producer Tilray Brands, telling MJBizDaily their meeting with Tilray representatives was “a one-time conversation” and “not part of the preparatory phase” of marijuana legalization.
Canadian marijuana stocks dumped by world’s largest sovereign fund
Norway’s sovereign wealth fund is excluding several Canadian companies because they produce recreational marijuana, which remains illegal in the Nordic country.
UK rejects cannabis bill already approved by Bermuda lawmakers
The United Kingdom instructed the governor of Bermuda to reject the island nation’s pending cannabis law on the basis that it breaches international obligations set out in United Nations drug-control treaties.
