Some Canadian cannabis companies are facing a financial squeeze because of the country's slow rollout of recreational marijuana stores and a dwindling pool of available funding. Quebec cannabis producer Hexo Corp.'s lower fourth-quarter revenue projection and...
The difference between the average price of regulated and illegal cannabis across Canada widened in the quarter ending September, according to new data from Statistics Canada. The average price of legal cannabis prices dropped to 10.23 Canadian dollars per gram...
Toronto marijuana company Aleafia Health intends to cancel a supply agreement with Aphria, citing a “consistent failure” to meet its obligations to provide cannabis. The industry has grappled with supply issues since legalization, but until now, few companies...
The TSX Venture Exchange (TSXV) appears to be easing its opposition toward Canadian cannabis companies buying U.S. marijuana businesses. The move would mark a major shift for the Canadian exchange and could open the door to more cross-border acquisitions – provided...
Cannabis producers in Canada with fewer than six months of cash on hand may have to rethink planned facility expansions if revenues continue to come in lower than expected, according to an analyst. Greg McLeish of Mackie Research reviewed financial statements of 50...
Wildfire Collective is spearheading Canada’s first exclusively outdoor, multisite craft cannabis operation focusing on high terpene, full spectrum extracts. “This really is something that's going to help differentiate us when margin compression comes in the near...
Auxly Cannabis finalized an investment from Imperial Brands worth 123 million Canadian dollars ($92 million), one of the largest investments yet from a tobacco company in the marijuana industry. The British multinational tobacco company picks up a 19.9% stake in...
Canada’s regulated cannabis sales accounted for only 14% of total demand by volume in June, according to a new analysis by market researcher TheCannalysts. That’s counter to some estimates that the regulated market “wiped out half the black market” in the first year...
Sunens Farms, a federal cannabis applicant in Leamington, Ontario, closed a nonconvertible debt deal underwritten by the Bank of Montreal (BMO). The 84 million Canadian dollar ($63 million) deal consists of a three-year debt facility for CA$71.5 million and a CA$12.5...
Executives welcomed recommendations to improve the framework governing Australia’s medical cannabis scheme as a potential breakthrough, but some said the expected implementation of the proposals is “far too slow” for a sector in need of regulatory improvement today....
The number of city-approved cannabis stores in Calgary surpassed 200 this week, while the province has licensed 63 of those to open their doors to customers. The city's store approvals exceed Ontario, British Columbia and Quebec combined, the three most-populous...
Former directors and officers of a Toronto-based cannabis company have been accused by Ontario’s securities regulator of defrauding investors.
