Health Canada will soon embark on a review of fees collected by the federal government from cannabis companies, including studying the impact those fees have on the industry as well as the policy goals of legalization. “License holders will be engaged in this work...
Cannabis producer Hexo Corp. reported a net loss of 21 million Canadian dollars ($17 million) for its second quarter ended Jan. 31 as its chief executive said the Canadian industry was entering its "most competitive phase" yet. Ottawa, Ontario-based Hexo saw improved...
The executive turntable at the Ontario Cannabis Store (OCS) is spinning again, with the provincial wholesale monopoly and online retailer about to get its sixth president in three years.
Aphria and Tilray will host special shareholder meetings next month on the proposed merger between the cannabis producers, the companies said. The meetings will be held via live audio webcast for Aphria and Tilray shareholders on April 14 and...
Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn't set a price but...
Mexico's Chamber of Deputies approved a bill in general to lay the legal foundation for regulated marijuana and hemp industries, but the pending law still has hurdles to overcome and it could be years before a flourishing industry emerges. Lawmakers in Mexico's lower...
A subsidiary of cigarette maker British American Tobacco and Atlantic Canada-based cannabis producer Organigram signed a 220 million Canadian dollar ($175 million) strategic collaboration with a focus on research and product development.
A high-stakes lawsuit that Canopy Growth and other Ontario, Canada, cannabis companies had hoped would disappear along with their ill-fated PharmHouse joint venture has been revived and refiled.
Kelowna, British Columbia-based GTEC Holdings reported net income from operations of 282,000 Canadian dollars ($223,600), reversing a net loss of CA$8.3 million in the previous year, according to full-year and fourth-quarter results released Wednesday. GTEC’s net...
Canada's government is extending a pandemic-related wage-subsidy program that has been tapped by more than a dozen federally regulated cannabis producers. The Canada Emergency Wage Subsidy (CEWS) program, which subsidizes wages for employers that have lost revenue...
The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. 27, 2020, respectively. Quebec’s Société québécoise du cannabis (SQDC) posted net income of 23.3 million Canadian dollars...
The Canada Revenue Agency (CRA) has issued cannabis-related fines totaling 1.3 million Canadian dollars ($1 million) since adult-use marijuana was legalized in October 2018, Marijuana Business Daily has learned. The nearly two-dozen penalties for violations of the...
