Item 9 Labs Corp., an Arizona-based company that invests in marijuana-related businesses, signed an agreement to acquire Wild Card Cannabis, which includes Sessions Cannabis, one of the largest franchise MJ companies in Canada.
Matt Lamers
Matt Lamers's Latest Posts
Canadian cannabis producers’ overdue excise taxes more than triple to CA$52M
Unpaid federal excise duty is piling up in Canada’s cannabis industry, with excise debt more than tripling to 52.4 million Canadian dollars ($40 million) as of March 2022, up sharply from CA$16 million owed in March 2021, according to an MJBizDaily analysis of Canada Revenue Agency data.
Hundreds of cannabis store workers in Quebec go on strike
Upwards of 300 employees at approximately two dozen cannabis stores in Quebec went on strike over the weekend after the province-run Société québécoise du cannabis (SQDC) suspended the union’s leadership, along with 75 employees, over apparent dress-code violations, according to the union representing the workers.
Canopy inks option deal to buy CA cannabis extractor for at least $69M
Smiths Falls, Ontario’s Canopy Growth Corp. entered a deal giving it the right to buy California-based Jetty Extracts for at least $69 million (89 million Canadian dollars) in cash and stock.
Aurora Cannabis sets more closures, selling Sun greenhouse at fraction of cost
In a bid to slash costs and become profitable, Aurora Cannabis is closing its flagship Aurora Sky facility in Edmonton, Alberta, as well as shuttering an outdoor farm in British Columbia and the company’s prized Anandia testing and genetics division.
Canadian producer Aurora Cannabis loses another CA$1 billion
Struggling cannabis producer Aurora Cannabis reported a net loss of 1 billion Canadian dollars ($770 million) for the three months ended March 31 on plunging sales of adult-use products, bringing its loss this year to CA$1.1 billion.
Police confirm investigation into Ontario Cannabis Store data breach
The Ontario Provincial Police confirmed that the agency is investigating a major data breach affecting 1,200-plus regulated cannabis stores in the Canadian province.
Ontario Cannabis Store says police investigating ‘criminal’ data breach
The government-run Ontario Cannabis Store, the province’s legal wholesaler of adult-use marijuana, said the Ontario Provincial Police (OPP) is investigating what the OCS alleges is the theft of sensitive business data.
California cannabis tech firm Blaze buys Canada’s Greenline
California-based cannabis technology company Blaze Solutions acquired Canada-based dispensary point-of-sale software company Greenline.
Danish marijuana companies attracted $217 million in funding, report finds
Medical marijuana companies in Denmark attracted external capital of more than 1.5 billion Danish kroner ($217 million), including founders’ own investments, which works out to an average of $6 million per business.
Sundial CEO predicts ‘massive’ cannabis store closures in Canada
The CEO of one of Canada’s largest operators of adult-use cannabis stores is sounding the alarm over a wave of potential closures.
Cannabis producer CannTrust changes name to Phoena
Canadian cannabis producer CannTrust Equity has changed its name to Phoena Holdings.
