Canadian cannabis producer Canopy Growth Corp. reported a net loss of more than 128 million Canadian dollars ($95.7 million) in the first quarter of its fiscal year, with total revenue improving slightly on a quarterly basis as the company continues its corporate transformation plan.
Canadian cannabis grower Mark Spear had a plan: Form an outdoor cannabis collective with some like-minded farmers, raise capital through equity crowdfunding and start growing high-quality outdoor flower in the Ottawa Valley region. Now, Spear's company, Wildfire...
Toronto-based cannabis company Cronos Group reported an adjusted operating loss of $31.3 million for its second quarter, along with $40 million worth of coronavirus-related impairment charges on its U.S. operations. Net revenue for the quarter...
Licensed Canadian cannabis companies are getting an extended deadline to pay an annual regulatory fee in light of disruptions caused by the COVID-19 pandemic. Federal cannabis license holders in their first full fiscal year or later fiscal years, which were required...
Beth Stavola resigned as chief strategy officer and board director for troubled multistate cannabis operator iAnthus Capital Holdings. The company did not expound on the resignation of Stavola, who previously served as a senior vice president at Wall Street firm...
The province of British Columbia is allowing privately owned adult-use cannabis stores to accept payments online, by phone or through an app for in-store pickup - an effort to promote social distancing amid the COVID-19 pandemic. The amended...
Massachusetts is ending its quarantine of marijuana-oil vapes, allowing resale and reclamation of those products provided they undergo new testing for heavy metals and vitamin E acetate, the additive blamed for the 2019 vaping-related health crisis. The quarantine was...
CBD drug Epidiolex received approval from the U.S. Food and Drug Administration to treat seizures associated with a third medical condition, expanding the range of indications for the cannabis-derived medication. The orally administered drug from Britain's GW...
Nevada’s Tax Commission endorsed a partial settlement to resolve a consolidated lawsuit from a group of cannabis companies that claimed the state’s first round of recreational marijuana licensing was unfair.
Florida-based multistate marijuana and hemp operator Jushi Holdings increased a debt financing announced in late July by roughly $18 million, citing strong demand from shareholders and management.
Rhode Island Gov. Gina Raimondo will continue trying to legalize adult-use marijuana in the state. She sees legal recreational sales as a possible revenue generator, she told Cranston TV station WJAR on Friday morning. "I was in favor of it...
Canadian holding company FSD Pharma said it's exiting the marijuana business and relinquishing Health Canada cannabis licenses held by subsidiary FV Pharma. FSD Pharma CEO Raza Bokhari said the decision was made to maximize shareholder value...
