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Organigram reports CA$66.4 million loss on falling cannabis sales

New Brunswick-based cannabis producer Organigram’s net revenue fell to a multiyear low of 14.6 million Canadian dollars ($11.6 million) in its December 2020-February 2021 quarter, the company said Tuesday. Organigram’s revenue has trended lower since reaching an all-time high of CA$26.9 million in the quarter ended Feb. 28, 2019 – the first full quarter of […]

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Aphria loses CA$361 million as cannabis revenue plunges 24%

Leamington, Ontario-based cannabis producer Aphria reported a net loss of 361 million Canadian dollars ($287 million) for the three months ended Feb. 28, 2021, after its marijuana revenue plunged almost 25% over the previous three-month period. That brings Aphria’s loss for the first three quarters of its fiscal year to CA$486.7 million. Overall net revenue […]

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Cannabis retailer High Tide files CA$100 million shelf prospectus

Canadian cannabis retail chain High Tide filed a preliminary short form base shelf prospectus in order to raise up to 100 million Canadian dollars ($80 million) over a 25-month period. After the prospectus is finalized, High Tide may issue securities including shares, warrants, units, subscription receipts, debt securities and convertible securities. The company might use […]

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Health Canada to cease monthly cannabis industry data releases

Canada’s federal health department will no longer be releasing cannabis industry data on a monthly basis, a spokesperson for Health Canada told Marijuana Business Daily, citing priorities related to the ongoing pandemic. “We are working in prioritization mode in order to ensure that information most vital to the wellbeing and safety of Canadians is being […]

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