British Columbia-based Pure Sunfarms reported yet another profitable quarter as revenue rose substantially compared to the previous three-month period. The cannabis producer saw net sales grow to 22.6 million Canadian dollars ($17 million)...
Matt Lamers
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Israel lays out plan to legalize recreational cannabis, looking to Canada as a blueprint
Israel announced a road map to legalize cannabis potentially within one year and, in doing so, would create a regulated market for adult-use marijuana products largely based on Canada’s legalization model.
Analyst: Aurora Cannabis’ dip into capital market after stock rally ‘shrewd’
Underwriters for Aurora Cannabis’ previously announced overnight public offering have agreed to purchase roughly 20 million units at $7.50 apiece, the Alberta company said this week, a move that would net the company $142.4 million.
Green Organic Dutchman removes CEO after reporting CA$76 million loss
Toronto-based cannabis producer The Green Organic Dutchman replaced its CEO this week amid mounting losses and warned investors about its ability to continue as a going concern.
Grow-your-own cannabis businesses in Canada enjoy record sales, too
Cannabis stores and cultivators aren’t the only businesses cashing in on the early success of Canada’s regulated marijuana market.
Ancillary businesses catering to the niche home cultivation segment are also faring well, according to government data and industry sources.
Australian private health insurer inks deal to expand cannabis coverage
Perth, Australia-based Little Green Pharma and national private health insurer Health Insurance Fund of Australia inked a strategic partnership that will expand access to medical cannabis. The partnership also encompasses research into medical...
Canopy reports record cannabis revenue, pledges profit next fiscal year
Smiths Falls, Ontario-based Canopy Growth reported record net revenue of 135 million Canadian dollars ($104 million) in the second quarter ended Sept. 30, topping analyst expectations, as well as a net loss of about CA$97 million.
New Zealand cannabis referendum fails by razor thin margin
The “no” side narrowly prevailed in New Zealand’s referendum on a cannabis legalization bill after the final 492,000 votes were tallied, the country’s Electoral Commission announced Friday. One week ago, preliminary results showed a slim...
Why Canadian cannabis firm Aphria bought US craft brewer for $300M: Q&A with CFO Carl Merton
When Aphria bought a notable U.S. craft brewer this week for about $300 million, the Canadian cannabis producer flipped one industry narrative upside down.
Cannabis producer Cronos reports higher revenue in third quarter
Canadian cannabis producer Cronos Group reported improved revenue for its latest quarter ended Sept. 30.
Cannabis firm Canopy Growth to follow Aphria onto Nasdaq, departing NYSE
Smiths Falls, Ontario-based Canopy Growth is swapping one stock exchange for another, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq in an effort to save money.
Marijuana operator TerrAscend signals profit, rising revenue for third quarter
North American cannabis operator TerrAscend expects to report a profit and strong revenue growth for its third quarter.
