Auxly Cannabis Group, based in Toronto, lost 18.4 million Canadian dollars ($14 million) in its quarter ended Dec. 31, 2021, on record net revenue of CA$29.3 million.
Matt Lamers
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Dutch recreational cannabis production pilot beset by delays
A pilot program to allow the limited cultivation and distribution of recreational cannabis in the Netherlands has been hit with another major delay.
Canadian cannabis producer Eve & Co receives creditor protection
Eve & Co, a cannabis producer based in Strathroy, Ontario, received an order for creditor protection from the Ontario Superior Court of Justice.
Unpaid Canadian marijuana regulatory fees jump tenfold to almost CA$1 million
Outstanding regulatory fees owed by federally regulated Canadian marijuana companies jumped more than tenfold in recent years, according to figures shared with MJBizDaily by Health Canada.
Aurora deepens ‘premium’ cannabis focus via CA$38M TerraFarma acquisition
Aurora Cannabis reached a deal to buy TerraFarma, the parent company of craft producer Thrive Cannabis, in a bid to reinforce its “premiumization” strategy and become profitable by the spring of 2023.
Cronos CEO Schmidt retires, Gorenstein retakes helm of cannabis producer
Canadian cannabis producer Cronos Group announced the retirement of CEO Kurt Schmidt, effective immediately, and the appointment of Mike Gorenstein as CEO.
Cannabis producer CannTrust emerges from creditor protection
Vaughn, Ontario-based CannTrust Holdings has exited court-supervised proceedings under the Companies Creditors Arrangement Act after a key subsidiary completed a financing worth 17 million Canadian dollars ($13.3 million).
Canada proposes hike in purchase limit for cannabis drinks, but low THC cap to remain
Canada’s federal government is seeking public input on proposed regulations that would effectively increase by more than eightfold the amount of cannabis beverages consumers could purchase at any one time.
Canadian Supreme Court to scrutinize Quebec ban on homegrown cannabis
Canada’s Supreme Court said it will hear a challenge on the constitutionality of Quebec’s law banning the home cultivation of adult-use cannabis.
British American Tobacco ups stake in cannabis producer Organigram
British American Tobacco is investing another 6.35 million Canadian dollars ($5.1 million) in Organigram, increasing its stake in the Atlantic Canada-based cannabis producer to 19.5%, the companies announced.
Cannabis producers Pure Sunfarms, Zyus receive EU-GMP certification
Two Canadian medical cannabis producers received European Union-Good Manufacturing Practice (GMP) certification, an essential step to exporting cannabinoids to fast-growing EU markets.
Cannabis producer Canopy Growth dropped from S&P/TSX 60 Index
Smiths Falls, Ontario-based cannabis producer Canopy Growth Corp. is being deleted from the S&P/TSX 60 Index.
