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...
Colombian President Ivan Duque signed a decree into law that will expand revenue opportunities for domestic cannabis businesses inside and outside the country, a move some industry sources say could resuscitate a sector that has not yet come close to meeting expectations.
Aurora Cannabis had to evacuate its outdoor marijuana farm in Westwold, British Columbia, because of wildfire activity in the area, MJBizDaily has learned.
The Scotts Miracle-Gro Co. is broadening its move into cannabis by launching a new subsidiary that will allow the Ohio-based lawn and garden giant to invest in emerging areas of the marijuana industry.
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...
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...
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...
Cannabis producers in Canada have sold less than 20% of their production since the country launched adult-use sales in October 2018, according to an MJBizDaily analysis.
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...
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.
No licensed producer in Canada has managed to gain and hold more than one-fifth of the country’s cannabis market since legalization, even though the largest companies have spent – and lost – billions of dollars trying.
New rules in British Columbia allowing privately owned cannabis retailers to offer home delivery take effect Thursday. Industry sources say the move could help level the playing field between legal retailers and B.C.'s entrenched illicit market, which until Thursday...
