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Cresco to enter FL medical marijuana market via $120M VidaCann purchase

Cresco Labs, the Chicago-based vertically integrated cannabis company, agreed to acquire Florida medical marijuana provider VidaCann in a $120 million cash and stock deal. The deal gives Cresco a presence in Florida for the first time, expanding its operations into eight states and giving the company a toehold in a major MMJ market. VidaCann plans […]

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Medical cannabis sales climb in Canada after adult-use legalization

Sales of medical marijuana oil in Canada rose steadily in the months after recreational legalization, bucking a trend seen in some American states that also ended prohibition in recent years. The volume of medical cannabis oil sold in Canada’s regulated market rose to nearly 5,000 kilograms (11,023 pounds) in January compared with the 4,400 kilograms […]

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Canada’s dried cannabis supply builds as adult-use sales decline

The volume of dried adult-use cannabis sold in the regulated Canadian market fell in January while inventories continued to build, according to the latest data from Health Canada. In January, 5,330 kilograms of dried cannabis was sold through regulated channels across the country, down 4.5% from December 2018. Inventories of “finished” dried cannabis held by […]

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Marijuana firm Tilray taps ex-Goldman Sachs managing director

Canadian marijuana cultivator Tilray said it is hiring former Goldman Sachs Managing Director Andrew Pucher as chief corporate development officer. Pucher – the latest Wall Street executive to enter the marijuana industry – most recently covered cannabis stocks for Goldman as part of his role as managing director and head of Canadian Diversified Investment Banking. At […]

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Billionaire Peltz joins Aurora Cannabis to advise on partnerships, expansion

Nelson Peltz will join Aurora Cannabis as a strategic adviser to help the company lock in partnerships and expand internationally – a move seen as a major vote of confidence for the Canadian company and broader marijuana industry. In exchange, the Edmonton, Alberta-based company will grant Peltz options to purchase almost 20 million shares in […]

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About 20 workers form Ontario’s first marijuana industry union

Nearly two dozen Ontario Cannabis Store (OCS) employees agreed to unionize under the United Food and Commercial Workers Union (UFCW) banner, making them the first union members in Ontario’s fast-growing marijuana industry. The unionized workers are part of the OCSs call center, which provides customer support for the province’s government-run online cannabis store. UFCW National […]

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