Nanaimo, British Columbia-based Tilray halved its net loss to $81.7 million for the second quarter ended June 30, a substantial improvement over the previous quarter’s $184.1 million deficit. However, the cannabis producer reported lower sequential revenue in most of...
Canopy Growth’s chief executive earned 1,042 times more than the median compensation for the cannabis producer’s other employees in fiscal 2020. The partial-year compensation for CEO David Klein was about $33.8 million (CA$45 million), including salary, bonus, stock...
United Kingdom-based GW Pharmaceuticals posted marginal revenue growth in the second quarter over the previous quarter, citing challenges stemming from the COVID-19 pandemic. GW reported revenue of $121.3 million for the quarter ended June 30 - about the same as the...
Australia’s Therapeutic Goods Administration (TGA) added more than 5,500 patient approvals in July for unapproved medicinal cannabis products - the biggest one-month gain on record. July’s figure is 20% higher than June’s 4,630 approvals. [include_post...
Disgraced cannabis producer CannTrust says all of its cannabis licenses have been reinstated, and the Vaughan, Ontario, company plans to relaunch it marijuana products in the final quarter of this year.
A refined draft bill to lay the legal groundwork for a regulated adult-use cannabis regime in Bermuda will soon be presented to the island’s legislature, Attorney-General Kathy Lynn Simmons said in a ministerial statement to the Senate. That puts the British island...
Thailand’s Cabinet on Tuesday approved a proposal from the Public Health Ministry that would allow health professionals, farmers and medical patients to grow, produce and export medical cannabis and its products.
A draft bill paving the way for a regulated marijuana industry in the Caribbean nation of Dominica will be presented to parliament in the coming weeks, Prime Minister Roosevelt Skerrit said. “The government will forge ahead on the matter of...
The coronavirus pandemic has caused delays for some medical cannabis businesses in Saint Vincent and the Grenadines, but the chief operating officer of the industry’s regulatory body says the sector remains strong. Terral Mapp, COO of the...
Ontario’s lone cannabis wholesaler and distributor received the green light from the provincial government to expand its privately operated distribution network when necessary, an Ontario Cannabis Store spokesperson told Marijuana Business Daily. A new distribution...
Federally licensed producers in Canada are stockpiling more cannabis than ever, new figures from the Canadian government show, indicating that some producers are in store for more financial pain as the market looks for equilibrium. Deeper industrywide cuts might still...
Jamaica is preparing to lower entry barriers to the medical cannabis industry for small and subsistence farmers. A proposed new permit would cut fees for those farmers and allow for variations to strict infrastructure and security requirements. [include_post...
