Monthly Canadian sales of legal adult-use cannabis barely increased between August and September, totaling 389.9 million Canadian dollars ($291 million).
Solomon Israel
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Canadian cannabis company Entourage Health cutting staff, exiting cultivation
Canadian cannabis company Entourage Health Corp. is laying off roughly 35% of its staff as it ends its cultivation operations and sources adult-use and medical marijuana from Hexo Corp via a new supply agreement.
MJBizCon attendees prepare to tackle marijuana industry challenges in 2023
As the regulated marijuana industry wraps up the 2022 business year, companies are fine-turning their strategies for whatever new challenges 2023 might bring.
Aurora Cannabis reports CA$51.9 million loss in first quarter
Canadian producer Aurora Cannabis reported a net loss of 51.9 million Canadian dollars ($39.1 million) for the first quarter of its 2023 fiscal year.
Illinois offers forgivable loans to social equity marijuana businesses
Illinois is offering a total of $8.75 million in forgivable loans to conditionally approved social equity marijuana licensees “in order to provide immediate access to capital” after challenges with a previous loan program.
US marijuana stocks up in early trading on midterm election results
Shares of publicly traded U.S. marijuana companies mostly gained value Wednesday morning after the 2022 midterm elections, despite mixed results among the five state MJ ballot measures put to voters.
Weedmaps CEO Chris Beals out as cannabis tech, ad company posts loss
WM Technology CEO Chris Beals has “decided to step down” and left the company, the cannabis advertising and technology firm said.
Cannabis and alcohol company Tilray acquires craft brewer Montauk
Tilray Brands has taken another step into the beverage alcohol sector, adding New York craft-beer brewer Montauk Brewing Co. to its cannabis and alcohol portfolio.
Maine marijuana industry affected by ‘tobacco’ guidance on vapes, pre-rolls
Recent guidance from Maine’s cannabis regulator prevents medical marijuana caregivers without brick-and-mortar retail locations from selling MJ pre-rolls and vape products.
Canadian company Heritage Cannabis to raise up to $20M via equity line of credit
Heritage Cannabis Holdings Corp. is raising up to $20 million from Obsidian Global Partners by way of an equity line of credit agreement in which Obsidian will purchase shares of the Canadian marijuana company in private placements over time – when Heritage wants it to.
Charlotte’s Web, Tilray sign Canadian manufacturing, distribution deal for CBD
Canadian cannabis producer Tilray Brands and Charlotte’s Web Holdings entered a “strategic alliance” to license, manufacture and distribute the Colorado-based manufacturer’s hemp-derived CBD products in Canada.
Store advocacy group Retail Cannabis Council of Canada launches
A nonprofit advocacy group has launched to represent the interests of licensed Canadian cannabis stores at the federal level.
