Two of Canopy Growth’s top executives have departed the company.
Matt Lamers
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Canadian cannabis producer Muskoka Grown files for creditor protection
Cannabis producer Muskoka Grown asked for temporary relief from creditors earlier this month so it can continue to conduct business and develop a plan to restructure its affairs. The Bracebridge, Ontario, company, down to 1,200 Canadian dollars ($850) of cash on hand,...
Cronos books only $165,000 in overseas revenue for first quarter of 2020
Canadian cannabis producer Cronos Group reported $165,000 in net revenue from customers outside Canada and the United States in its latest quarter. Potential revenues of cannabis products overseas - especially in Europe - underpin valuations for many Canadian...
Why this successful Canadian brewer put cannabis beverage plans on ice
When Waterloo Brewing started laying the groundwork to enter the cannabis-infused beverage market, it touted a potential beverage segment in Canada worth upwards of 1.5 billion Canadian dollars ($1.07 billion). Now, more than two years later, one of Canada’s most...
Australia medical cannabis approvals steady as COVID-19 grips country
Approvals of medical cannabis prescriptions in Australia held steady as the country hunkered down for its battle with the COVID-19 pandemic, new data shows. The Therapeutic Goods Administration approved more than 7,300 Special Access Scheme Category B (SAS B)...
European cannabis market, rich with potential, worth 240 million euros in 2019, new report shows
Europe’s legal medical cannabis market might one day eclipse North America’s, but in 2019 the market was worth roughly 240 million euros ($260 million) - meaning the continent is still far from reaching its potential. That is one of the critical takeaways from...
Ontario extends curbside pickup and delivery for cannabis stores
The Ontario government has extended an emergency order temporarily allowing privately owned cannabis stores to offer curbside pickup and home delivery. The order proved to be a short-term lifeline for Ontario’s adult-use stores, which were initially included on the...
MediPharm Labs Australia inks deal to supply New Zealand with medical cannabis
MediPharm Labs Australia agreed to supply a company in New Zealand with white label medical cannabis oil products. New Zealand's medical cannabis scheme commenced in April. But until the country’s domestic producers are licensed and fully operational, New Zealand will...
Danish medical cannabis scheme ends 2019 on low note
Approximately 333 patients accessed Denmark’s medical cannabis pilot scheme in the final quarter of 2019, according to recently released data from the Medicines Statistics Register. That is two-thirds off the program's peak just two quarters prior. [include_post...
Constellation ups stake in marijuana producer Canopy Growth to 38%
New York-based alcohol titan Constellation Brands has exercised warrants to purchase additional shares of Canopy Growth, increasing its stake in the Ontario cannabis producer.
New Brunswick’s cannabis retail evaluation back on track
The COVID-19 pandemic has impacted New Brunswick’s recreational cannabis retail evaluation, but the process is back on track, a government spokeswoman confirmed to Marijuana Business Daily. “We can confirm that the work has resumed,” according to Vicky Deschênes,...
Ontario Cannabis Store extends direct-to-door delivery
Ontario Cannabis Store expanded its direct-to-door delivery service this week to include more areas in Southern Ontario. Ontario is Canada's largest adult-use cannabis market, with 38.1 million Canadian dollars ($27 million) in sales in February. [include_post...
