Canadian cannabis producer Hexo Corp.’s partnership with boxing legend Mike Tyson’s new company, Tyson 2.0, is off to a rocky start in Canada.
Matt Lamers
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Ramm Pharma buys Polish hemp firm from TGOD for CA$1.2 million
Toronto-based Ramm Pharma Corp. acquired HemPoland from The Green Organic Dutchman Holdings for 1.2 million Canadian dollars ($910,000) in cash.
Innovative Industrial Properties buys MA cannabis facility for $21.5 million
Innovative Industrial Properties, a San Diego-based real estate investment trust (REIT) that focuses on the regulated cannabis industry, completed its acquisition of a property in Webster, Massachusetts.
British Columbia cannabis distribution center resumes operations
The union representing workers at British Columbia’s only cannabis wholesaler paused its job action, allowing for the resumption of shipments to retailers across the province.
Canada business leaders note ‘lost opportunity’ for cannabis in Trudeau-Scholz meeting
Olaf Scholz’s recent trip to Canada is raising eyebrows among Canadian business executives over what wasn’t discussed during talks between the German chancellor and his Canadian counterpart, Prime Minister Justin Trudeau.
Canadian firm TGOD reports loss, receives offer for Polish hemp subsidiary
Canadian cannabis producer The Green Organic Dutchman lost $6.8 million Canadian dollars ($5.2 million) on record quarterly sales in the second quarter of 2022.
BC strike ‘undermines struggling cannabis sector,’ business group says
The Cannabis Council of Canada business group wants the province of British Columbia to come up with a contingency plan to safeguard the supply of legal marijuana in the province as an ongoing strike at the province’s monopoly wholesaler leaves some stores with nothing to sell.
Aurora Cannabis buys profitable vegetable firm for CA$45M, sells Sky greenhouse
Aurora Cannabis is diversifying into the vegetable propagation and ornamental flowers business amid a massive marijuana glut in Canada by acquiring a controlling interest in Bevo Agtech, one of the largest suppliers of flowers and vegetable seedlings in North America.
RIV Capital signs lease for marijuana facility in Buffalo, New York
RIV Capital entered into a lease agreement for the development and operation of a planned flagship marijuana cultivation and manufacturing facility in Buffalo, New York.
Truss recalls 37,000 marijuana beverages over ‘pinhole leaks’
Etobicoke, Ontario-based Truss Limited Partnership is recalling three lots of its XMG Cola marijuana drink because of “pinhole leaks” that could develop in the aluminum cans, potentially leading to leakage and a loss of carbonation.
Costa Rica president unveils plan for recreational cannabis lawÂ
Costa Rica’s president said he intends to bring recreational cannabis legislation to the Legislative Assembly and, separately, publish rules for the Central American country’s medical marijuana and hemp businesses.
United Kingdom CBD company Trip raises $12 million for expansion
Trip, a CBD company based in the United Kingdom, said it raised $12 million in fresh capital from entrepreneurs, business leaders and other investors.
