U.S. marijuana multistate operator Curaleaf Holdings signed a deal to acquire a 55% stake in German medical cannabis producer and distributor Four 20 Pharma.
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Ontario Cannabis Store resumes some shipments after distribution shutdown
Ontario’s government-owned cannabis wholesaler has resumed some shipments to retailers after suspending deliveries earlier this week in the wake of a cyberattack on its distribution contractor.
Auxly sells Nova Scotia outdoor cannabis farm for less than it invested
Canadian marijuana operator Auxly Cannabis Group sold an outdoor cultivation site in Hortonville, Nova Scotia, for proceeds of 4.1 million Canadian dollars ($3.2 million) – significantly less than what it invested in the facility.
Alberta rethinks cannabis store window coverings after robberies
Regulators in the Canadian province of Alberta have scrubbed a rule that led to cannabis stores covering their windows after “a significant rise in commercial robberies,” particularly in the largest city of Calgary.
Village Farms’ Pure Sunfarms Canadian cannabis unit reports profitable quarter
Pure Sunfarms, the Canadian cannabis unit of U.S. and Canadian produce company Village Farms International, reported a net income of 2.5 million dollars ($1.8 million) for its second quarter.
Ontario Cannabis Store halts store deliveries after cyberattack on contractor
The Ontario Cannabis Store, the monopoly wholesaler of adult-use marijuana in Canada’s most valuable market, suspended deliveries to stores after a cyberattack on the parent company of contractor Domain Logistics, which operates the OCS distribution center.
Pennsylvania medical cannabis company lays off 55 workers, calls for relief
Pennsylvania medical cannabis grower and processor Calypso Enterprises is calling on the state to provide “equitable relief” for independent marijuana companies after it laid off 55 workers at its facility in Erie.
Fewer British Columbia cannabis users buying from illicit stores, survey shows
Significantly fewer cannabis consumers in the Canadian province of British Columbia report buying marijuana from unlicensed stores since legalization, according to a new survey.
Cannabis REIT NewLake expands credit facility from $30 million to $90 million
NewLake Capital Partners, a cannabis industry real estate investment trust (REIT), expanded its five-year revolving credit facility by $60 million to $90 million.
Nevada cannabis producer Flower One extends maturity date for $6M in debt
Nevada cannabis cultivator producer company Flower One Holdings amended the terms of a short-term debt agreement to extend the maturity date to the end of this year.
Canadian cannabis unions make gains amid pay and safety concerns
Canadian labor organizers say unionization and strikes among cannabis retail employees are being driven by worker concerns including low pay and health and safety issues.
Canadian cannabis company Tilray posts $434 million net loss for 2022
Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
