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.
Matt Lamers
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Village Farms starts building cannabis facility for Netherlands pilot program
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.
Czech Republic’s Economic Council wants regulated cannabis market
The Czech Republic’s National Economic Council is recommending that the government establish a regulated cannabis market to help spur economic growth.
Israel launches ‘anti-dumping’ probe into Canadian cannabis companies
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 High Tide reports record sales, eyes German opportunity
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.
Large British Columbia city might allow legal cannabis stores in 2024
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.
How many cannabis stores in Canada closed in ’23? Data paints rough picture
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.
CEO, board chair exit marijuana MSO MedMen
Los Angeles-based marijuana multistate operator MedMen Enterprises has experienced another shakeup in its executive suite, with CEO Ellen Deutsch Harrison stepping down on Jan. 19.
Tobacco giant’s CA$124M investment in marijuana firm Organigram approved
Shareholders of Organigram Holdings approved tobacco giant British American Tobacco’s “transformational” investment in the Canadian cannabis producer, the company said after its annual general and special meeting.
Canadian cannabis license approvals at multiyear low amid market turbulence
Canada's ultra-competitive legal marijuana industry is drawing fewer new entrants than ever as existing businesses continue to exit. New federal licenses have dropped to a record low, while the number of revoked or expired licenses doubled over the course of one year,...
Germany to legalize marijuana by April, top official says
Germany’s health minister believes marijuana legalization will become a reality in the country this spring.
GrowerIQ buys marijuana tech firm Ample Organics from Akerna
Marijuana technology company GrowerIQ has completed its acquisition of Ample Organics, a Canadian tech platform business, in a deal the Toronto-based business says represents a major expansion in its Canadian and international footprint.
