New data released by the Ontario Cannabis Store (OCS) reveals key details about marijuana sales and consumer preferences in Canada's largest province, including: Total provincial sales approached 400 million Canadian dollars ($297.6 million) for the OCS fiscal year....
Beleave has become the latest in a wave of Canadian cannabis companies seeking creditor protection. The Toronto-based company will apply for a creditor protection order from the Ontario Superior Court of Justice on Friday, according to a news release. [include_post...
The federal portion of Canada's cannabis excise duty amounted to 32 million Canadian dollars ($23.7 million) from April 2019 through March 2020, according to new figures from the country's finance department. Although the cannabis tax revenue...
Toronto-based cannabis sector financier Trichome Financial Corp. received court approval to complete its acquisition of troubled Ontario marijuana grower James E. Wagner Cultivation Corp. (JWC). JWC entered creditor protection in April....
Beleaguered multistate cannabis retailer Green Growth Brands' sale and investment solicitation process (SISP) was approved by a Canadian court. Green Growth Brands is based in Columbus, Ohio, but court filings show its parent company is registered in Ontario....
International cannabis giant Canopy Growth Corp. lost ground in Canada's growing recreational marijuana market in its fourth quarter, with net revenue dropping 13% compared to the previous quarter. Canopy posted a fourth-quarter net loss of 1.3 billion Canadian...
A growing cannabis industry helped push positive growth in Canada's realized net farm income in 2019, according to new data from Statistics Canada. Canada's national data bureau defines realized net farm income as "the difference between a farmer's cash receipts and...
Recreational marijuana stores in Massachusetts launched back into action on Memorial Day, ending a two-month closure that might have collectively cost those retailers nearly $2 million per day. Massachusetts dispensary operators interviewed by Marijuana Business Daily...
British Columbia-based cannabis cultivator Tilray is the latest Canadian firm to throw in the towel on large greenhouse cultivation, announcing it will shutter its High Park Gardens facility in Leamington, Ontario. The greenhouse, with 406,000 square feet of licensed...
Canadian cannabis cultivator Aphria is moving its U.S. stock listing to a new venue, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq Global Select Market. The move will take place after markets close on Friday, June 5. Shares of Aphria will start...
Manitoba will soon begin taking applications for new cannabis store licenses, opening up the recreational marijuana market in the central Canadian province to all comers. Applications will be accepted starting June 1, but the province will process only one location...
Retail sales of regulated cannabis in Canada soared in March, growing 19% on a monthly basis to a record 181 million Canadian dollars ($129 million). The March retail sales figures from Canada's national data bureau confirm what industry...
