Aurora Cannabis settles patent dispute with Willow Biosciences
Canadian licensed producer Aurora Cannabis has reached a settlement with Willow Biosciences over an ongoing patent litigation.
Canadian licensed producer Aurora Cannabis has reached a settlement with Willow Biosciences over an ongoing patent litigation.
Two-thirds of Canadian consumers buy cannabis only from legal sources, according to a new survey from Toronto-based polling company Pollara Strategic Insights.
Almost exactly five years after SNDL opened a cannabis cultivation facility in Olds, Alberta, the Canadian producer announced it’s closing the enormous plant “to enhance the competitiveness” of its marijuana operations segment.
Canada’s recreational cannabis industry continued to experience steady monthly growth this year, with sales in August rising to 464.2 million Canadian dollars ($339 million), or a 4% increase over July, according to the latest data released by Statistics Canada.
Village Farms International, which owns Canadian cannabis producer Pure Sunfarms, was granted a six-month extension by the Nasdaq stock exchange to regain compliance after its stock price fell below the exchange’s minimum-bid rule.
Two employees of Israeli cannabis producer InterCure were among those kidnapped by Hamas when the militants infiltrated Israel’s southern border earlier this month, the company disclosed this week.
Some of Canada’s largest cannabis cultivators are turning to vegetables, fruits and orchids to bolster their bottom-line as macroeconomic fundamentals continue to challenge the struggling industry.
Cannabis cultivators operating in Newfoundland and Labrador are ineligible to receive funding under the provincial portion of the Sustainable Canadian Agricultural Partnership, a new program that funds agricultural initiatives across Canada.
Ontario-based MTL Cannabis Corp., which owns several Canadian marijuana companies, has appointed Jason Nalewany as its chief financial officer, replacing Peili Miao.
A preliminary report by a government-appointed panel of experts analyzing Canada’s adult-use legalization law paints a bleak picture of the nation’s 5.6 billion Canadian dollar ($4 billion-plus) cannabis industry, documenting significant bankruptcies, major racial disparities, piles of unpaid business taxes and a host of other issues.
Canadian cannabis growers and processors are eligible to apply for funding under the new 3.5 billion Canadian dollar ($2.6 billion) Sustainable Canadian Agricultural Partnership program if certain conditions are met, the administrator of the initiative, Agriculture and Agri-Food Canada, told MJBizDaily.
Thousands of cannabis products have been recalled in Canada since the beginning of September by a number of licensed producers over issues ranging from potentially harmful mold to mislabeled packages.