Auxly closes Nova Scotia marijuana facilities, cutting 55 jobs
Toronto-based Auxly Cannabis Group closed its marijuana cultivation facilities in Kentville and Hortonville, Nova Scotia.
Toronto-based Auxly Cannabis Group closed its marijuana cultivation facilities in Kentville and Hortonville, Nova Scotia.
The regulator overseeing Ontario’s huge network of marijuana stores has provided long-awaited details clarifying the types of incentives, or “inducements,” that federally licensed producers can and can’t dole out to retailers that might carry their products.
Australian cannabis producer Little Green Pharma says it plans to “demerge” the ownership of its psychedelics unit, Reset Mind Sciences, so the respective companies can pursue their strategies as independent businesses.
An executive at Canadian licensed producer Canopy Growth acknowledged that images circulating on social media depicting cannabis plants laden with powdery mildew were taken at its facility in Smiths Falls, Ontario.
However, Mario Castillo, vice president of manufacturing, said the photos are not representative of Canopy’s cultivation operations.
Winnipeg, Manitoba-based Delta 9 Cannabis entered into a binding commitment letter with ConnectFirst Credit Union to secure 32 million Canadian dollars ($25.6 million) in low-interest credit facilities.
At least two large Canadian cannabis companies have been notified by the Nasdaq that their shares do not meet the stock exchange’s listing standards.
Canada’s recreational marijuana sales could reach 4.8 billion Canadian dollars ($3.8 billion) this year, which would be 19% more than 2021’s estimated figure, a new report from ATB Capital Markets anticipates.
Australia’s Department of Health, preparing to overhaul its medical cannabis regulations, is poised to require that all products imported into the country’s small but growing market be produced in accordance with Good Manufacturing Practice (GMP).
Vancouver, British Columbia-based BC Craft Supply Co. filed for temporary protection from creditors under Canada’s Bankruptcy and Insolvency Act while the craft marijuana firm pursues restructuring.
A former chair of Canadian cannabis producer WeedMD illegally tipped off a longtime acquaintance about an unannounced greenhouse deal, which led to insider trading, Ontario’s securities regulator has alleged.
The Canadian province of British Columbia is launching a program to highlight cannabis products in retail stores and online made by B.C.-based Indigenous producers.
Analysts are skeptical about plans outlined by Canadian marijuana producer Hexo Corp. to slash manufacturing and production costs and sell some noncore assets as the Quebec company looks to turn itself around after years of losses.