Bill Newlands, CEO of Canopy Growth benefactor Constellation Brands, resigned from the board of directors of the struggling Canadian cannabis producer last week, according to a regulatory filing dated Nov. 29.
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Toronto passes 200 cannabis stores, nears CA$50 million in monthly sales
Toronto has seen almost 12 cannabis stores open per month on average since the beginning of 2021, bringing the total number in the city to more than 200 as of September, doubling the number at the start of the year.
Germany to legalize recreational cannabis sales, incoming coalition pledges
The three parties expected to form the next government in Germany have agreed to regulate the distribution and sale of recreational cannabis, according to a coalition agreement released Wednesday.
Marijuana firm Tilray’s executive pay gets cool reception from shareholders
Shareholders approved Tilray’s executive compensation scheme in a nonbinding vote at the marijuana company’s annual general meeting Tuesday, but the results fell short of an overwhelming endorsement.
Uber Eats offers click-and-collect cannabis service in Canada
Uber Canada launched a click-and-collect service in Ontario in partnership with cannabis retailer Tokyo Smoke, marking Uber’s much-anticipated entry into the regulated marijuana industry.
Canopy shakes up management after reporting weak marijuana sales
Struggling Canadian marijuana giant Canopy Growth is shaking up its senior management team only weeks after notifying shareholders it no longer expects to be profitable this year.
Cannabis sales in Canada eke out another monthly record in September
Canadian cannabis sales were nudged higher in September largely by growth in one province, Ontario, according to the latest data provided by Statistics Canada.
Canadian marijuana industry employment tumbled as producers drew federal COVID-19 cash, analysis shows
Thousands of Canadian marijuana industry workers have lost or left their jobs since early 2020, even as their employers received more than $140 million Canadian dollars ($112 million) in federal subsidies to retain or rehire employees amid the pandemic, an MJBizDaily analysis has found.
Canadian cannabis store launches packaging buyback program
An independently owned cannabis store in St. Catharines, Ontario, believes it has found a partial solution to the growing amount of trash created in the booming new industry.
Village Farms buys Quebec cannabis producer for CA$46.7 million
Village Farms International bought a majority stake in Quebec-based licensed cannabis producer and distributor Rose LifeScience, fulfilling the Florida-heaquartered company’s pledge to gain a foothold in Canada’s second-biggest marijuana market by population.
Auxly Cannabis reports CA$13.5 million loss on record revenue
Marijuana producer Auxly Cannabis Group reported record revenue for the three months ended Sept. 30, although the company lost 15.4 million Canadian dollars ($12 million), according to financial results the company released Monday.
How cannabis retailer High Tide plans to leverage ‘discount club’ model: Q&A with CEO Raj Grover
In Canada’s hypercompetitive cannabis retail sector, stores are looking for ways to differentiate and build a base of loyal customers.
Calgary, Alberta-based High Tide believes it has found an answer – at least in part.
