International medical cannabis company Akanda Corp. has entered into an amended nonbinding letter of intent to sell RPK Biopharma Unipessoal, its Portuguese subsidiary, to Somai Pharmaceuticals.
New rules implemented in January by Israel’s Ministry of Health to ease the path for physicians approving medical cannabis – along with further regulatory changes later this year – are expected to spur growth in the nation’s industry, local experts told MJBizDaily.
Malta’s first adult-use “cannabis club” opened this week, a little more than two years after the European Union country adopted a law that liberalized its marijuana rules.
George Smitherman, the longtime executive director of the Cannabis Council of Canada, is stepping down, and the organization is immediately commencing a search for his replacement.
Cannara Biotech, a vertically integrated cannabis producer based in Montreal, reported record sales of 19.5 million Canadian dollars ($14.6 million) for the three-month period ended Nov. 30.
Canadian producer Aurora Cannabis said it’s planning to consolidate its shares to restore compliance with the Nasdaq’s minimum bid-price requirement and ensure continued access to a range of institutional investors.
Village Farms International has started building an indoor cannabis production facility in Drachten, Netherlands, which will supply the country’s cultivation and distribution experiment that started in December.
The Czech Republic’s National Economic Council is recommending that the government establish a regulated cannabis market to help spur economic growth.
Israel has opened an “anti-dumping investigation” concerning the importation of medical marijuana from Canada after finding “a causal link” between the imports and “damage” to Israel’s local cannabis industry.
Cannabis retailer and e-commerce platform operator High Tide reported record sales of 487.7 million Canadian dollars ($362 million) for its 2023 fiscal year ended October 2023 and reiterated expansion plans in Canada and overseas.
Surrey, the second-largest municipality in British Columbia by population, is surveying residents and entrepreneurs over a draft proposal to allow up to 12 cannabis stores to open.
A record number of cannabis stores in Canada might have closed or changed hands in 2023, according to new data from regulators in the three largest Canadian marijuana markets.
