The birth of the legal cannabis industry in Canada is akin to the gold rush, but very few companies will live up to their lofty expectations, according to a new report from one of the country’s largest banks. CIBC World Markets, a subsidiary of the Canadian Imperial Bank of Commerce, made the sobering assessment Friday […]
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Tilray, Authentic Brands Group enter revenue-sharing deal for cannabis products
Tilray, the British Columbia-based cannabis heavyweight, signed a revenue-sharing agreement with Authentic Brands Group (ABG) to market and distribute consumer cannabis products within the New York-based firm’s brand portfolio. Under the terms of the agreement, Tilray will pay $100 million to ABG and up to $250 million in cash and stock upon achieving unspecified milestones. […]
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Weekly Deal Watch: Canadian cannabis producers ink key deals to continue global expansion
Canadian marijauna producers continue to march their way to global market domination, targeting Europe and South America for expansion.
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Aurora targets high-margin cannabis market with CA$175M Whistler acquisition
Alberta’s Aurora Cannabis has agreed to acquire privately held British Columbia-based Whistler Medical Marijuana Corp. – one of Canada’s first licensed producers – for 175 million Canadian dollars ($131 million) in an all-share transaction. The acquisition will add Whistler’s recognized cannabis brand to Aurora’s portfolio. It also provides Aurora a proven export channel. Whistler already […]
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Legal cannabis could skim $55 billion per year from alcohol, tobacco firms
Global alcohol and tobacco companies could face losses of $55 billion a year if a fully legal cannabis industry develops in North America, a new report predicts, a key driver for why those sectors are taking early steps into the blooming marijuana market. “For these two industries in particular, a move into the cannabis business is […]
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In Canada, a macro wait for micro licenses in cannabis
Small-scale cannabis growers in Canada are facing such burdensome licensing regulations that fewer than 30 such applications have been made to Health Canada since legalization in October. One of the main problems regarding such licensing comes from restrictions imposed by municipalities, industry experts say. “Few municipalities have the zoning required to accommodate a micro-cultivation permit,” […]
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CEO of Canadian cannabis giant Aphria out amid short attack, hostile takeover bid
The chief executive officer of one of the biggest cannabis companies in North America plans to depart as the company continues to fend off a short attack and separate hostile takeover. Aphria CEO Vic Neufeld and co-founder Cole Cacciavillani will transition out of their executive roles over the coming months, the company announced Friday. “Succession […]
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January Issue
Women to Watch in 2019. Cannabis professionals from all facets of the industry are set to make big strides.Read the Issue