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Aurora to raise additional CA$100M for domestic, global growth

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

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3 medical marijuana titans team on ‘epic’ partnership to serve global market

A groundbreaking marijuana joint venture has been created. Three leading international cannabis businesses are pooling their intellectual property and technology to create products for the global marijuana market, starting with Canada. Under the joint venture, Ontario’s Canopy Growth will give ownership stakes in one of its wholly owned licensed medical marijuana producers to Amsterdam’s Green House […]

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Quebec bill would create state-run cannabis stores

Quebec – Canada’s second most-populous province – introduced recreational marijuana legislation that would funnel retail sales through 15 government-run stores and ban consumers from growing marijuana at home. The bill, which must be approved by Quebec’s legislature, would allow consumption – which includes smoking – for anyone at least 18 years old, according to the […]

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Canadian companies aim to create medical cannabis powerhouse in Latin America

Canadian companies hope to cultivate a medical marijuana juggernaut in Colombia by combining Toronto’s capital and technological expertise with the Latin American nation’s favorable climate and location. Industry executives said they plan to use Colombia as a springboard to serve Latin America’s 400-plus million people who live in nations where some form of marijuana is […]

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Aurora offers nearly CA$550M for rival as CanniMed seeks Newstrike

Merger mania is sweeping through Canada’s medical marijuana industry. Aurora Cannabis offered to acquire rival producer CanniMed Therapeutics for 544 million Canadian dollars ($425 million) in stock, a deal that would be the largest acquisition to date in the North American marijuana industry. If completed, the merger would create a global marijuana leader and could spark […]

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