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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.

Aurora sends first shipment of ‘free’ marijuana to France

A subsidiary of Edmonton, Alberta-based Aurora Cannabis delivered its initial shipment of medical marijuana to France for use in the country’s pilot program, the company announced Wednesday. The program is reportedly set to start serving medical cannabis to patients at no charge in the coming weeks. Aurora was among companies from Australia, Canada, Israel and […]

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Indiva revenue surges on growing appetite for cannabis edibles

Canadian licensed cannabis producer Indiva experienced a substantial climb in net revenue in the April-June quarter that stemmed, in large part, from growing sales of edible products. The Ottawa, Ontario-headquartered company reported net revenue of 9.1 million Canadian dollars ($7.2 million) for the period, up 209% year-over-year and 46% over the previous quarter. Cannabis edibles […]

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Pure Sunfarms posts quarterly profit on surging marijuana revenue

Licensed cannabis producer Pure Sunfarms reported a significant jump in adult-use marijuana revenue for the three months ended June 30, further separating itself from most of its large-scale competitors with consistent sales growth, analysts said. British Columbia-based Pure Sunfarms, a subsidiary of Village Farms International, booked net sales of $24.8 million (31.2 million Canadian dollars) […]

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Canopy execs earn raises, bonuses after cannabis giant loses CA$1.7 billion

Executives for cannabis producer Canopy Growth received more than 4 million Canadian dollars ($3.2 million) in cash bonuses after making “solid progress in the year,” according to a regulatory filing, even as the company lost CA$1.7 billion and laid off hundreds of workers. The Smiths Falls, Ontario-based company disclosed the executive compensation figures for fiscal […]

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Tilray reports $336M annual loss, targets $4B in cannabis sales by 2024

Canadian cannabis producer Tilray reported an annual loss of $336 million (422 million Canadian dollars) for its fiscal year ended May 31, capping off a transformative year in which the company closed a reverse-merger with Aphria and bought U.S. brewer SweetWater Brewing Co. The financial data include four weeks of results flowing from the merger […]

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US-based Cookies plans flagship cannabis store in Toronto this year

Gage Growth Corp. announced details of its previously disclosed plan to bring the U.S. cannabis brand Cookies to the Canadian market, including the location of its first store. Detroit-based Gage will work with Canadian producer Noya Cannabis to launch Cookies products exclusively in Ontario, Canada, before expanding into other provinces, according to a news release. […]

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Aurora Cannabis continues board revamp, installs ex-Pfizer executive

Aurora Cannabis expanded its board and installed Theresa Firestone, a senior health-care executive, as an independent director, the Edmonton Alberta-based company announced Monday. Firestone joins Aurora after overseeing the launch of Shoppers Drug Mart’s medical cannabis business. Shoppers, owned by supermarket giant Loblaw Cos., is the largest pharmacy chain in Canada. Previous to Shoppers, Firestone […]

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