Major cannabis producer Hexo posted a second-quarter net loss of 298.2 million Canadian dollars ($210 million) on Monday, nearly five times larger than the CA$62.4 net loss reported in the previous quarter. Almost half that loss stemmed from an impairment charge for...
British Columbia has designated cannabis retailers and producers as essential services, meaning regulated cannabis businesses can keep operating during the COVID-19 pandemic. "Essential services are those daily services essential to preserving life, health, public...
Health Canada says it will continue reviewing applications for new cannabis licenses and security-clearance applications during the COVID-19 pandemic, but applicants might face some delays.
The Green Organic Dutchman (TGOD) is the latest large Canadian cannabis firm to shelve one of its greenhouses and lay off staff, continuing a trend that has seen significant facility postponements and workforce reductions across the nation’s marijuana industry.
Farm Credit Canada (FCC) said cannabis businesses hit by economic fallout from the COVID-19 pandemic are eligible to apply for short-term, government-backed credit and loan payment deferrals, a move that could provide a financial lifeline for some companies. The...
Canadian cannabis license holders received new guidance from Health Canada on Tuesday, detailing the federal health department’s approach to regulating the marijuana industry during the COVID-19 crisis.
Canadian cannabis company Organigram is anticipating voluntary and nonvoluntary layoffs as well as a slowdown in production and packaging as a result of the COVID-19 pandemic.
Health Canada is slowing down on-site field inspections of cannabis facilities until the end of the month amid the COVID-19 pandemic, according to a disclosure from beleaguered cannabis producer CannTrust.
As Canada’s federal government urges Canadians to stay at home to combat the COVID-19 pandemic, the vast majority of private-sector cannabis stores in the nation have long been barred by provinces from offering home cannabis delivery services to customers.
Canada's federal public safety ministry is working on a plan to thwart the country's thriving online market for illegal cannabis, according to a recently-released briefing book for Public Safety Minister Bill Blair. Any clampdown on unlicensed online dispensaries -...
Canadian cannabis retail sales grew 4.3% from December to January despite declining month-over-month sales in Quebec, according to the latest monthly data from Statistics Canada. More than 154 million Canadian dollars ($107 million) worth of adult-use cannabis...
