British American Tobacco (BAT) has taken a noncontrolling minority stake in German cannabis company Sanity Group for an undisclosed sum, the multinational tobacco giant announced Monday.
Solomon Israel
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How a cannabis industrial park is partnering with Canadian micro-cultivators
Experienced marijuana growers face plenty of challenges transitioning to the regulated market, but Canadian cannabis industrial park Sitka Weed Works pitches its business model as a way to help growers make the switch – and sell craft cannabis for a profit.
Canada’s adult-use cannabis sales increase to CA$377.5 million in June
Cannabis consumers in Canada spent 377.5 million Canadian dollars ($290.8 million) on regulated adult-use products in June, growing 1% over May’s total to another monthly record.
Marijuana financier XS Financial signs $24 million line of credit
Marijuana industry finance company XS Financial has taken out a $24 million line of credit.
Righting a Canadian cannabis company: Q&A with Hexo CEO Charlie Bowman
Charlie Bowman, CEO of Canadian cannabis company Hexo Corp., discusses how he plans to get the Quebec-based company back on solid ground.
Ascend cancels MedMen New York cannabis acquisition
Multistate cannabis company Ascend Wellness Holdings called off its tumultuous acquisition of MedMen Enterprises’ New York operation, citing concerns over the state of the company’s assets.
Marijuana retailer High Tide signs downsized CA$19 million credit facility
Canadian cannabis retail chain High Tide secured a credit facility worth 19 million Canadian dollars ($14.7 million) from Alberta credit union ConnectFirst.
Guyanese Parliament approves industrial hemp legislation
Lawmakers in the small South American nation of Guyana passed an industrial hemp law that decriminalizes hemp cultivation and paves the way for a licensed industry.
Greenlane to sell off marijuana packaging division in wake of merger
Ancillary cannabis company Greenlane Holdings plans to sell its marijuana packaging division after merging with KushCo in 2021.
BC’s cannabis distributor closes temporarily due to union job action
British Columbia’s sole cannabis distributor said its warehouse has been temporarily shut down as the result of a job action by employees represented by the BC General Employees Union.
Cannabis company Flowr sells facility for proceeds of CA$3.4 million
Flowr Corp. is the latest Canadian cannabis company to sell off an unneeded facility, closing the sale of its Flowr Forest facility in British Columbia for aggregate proceeds of 3.4 million Canadian dollars ($2.6 million) — significantly less than what it invested in the outdoor and greenhouse cultivation site.
Curaleaf removes marijuana from NY stores over potency labels, report says
Cannabis multistate operator Curaleaf Holdings has temporarily removed medical marijuana products from New York dispensaries after an issue regarding THC potency labeling.
