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Sundial’s adult-use cannabis revenue dives 38% in quarter

Sundial’s revenue from recreational cannabis in Canada plunged by more than one-third in its most recent quarter compared to the previous period, as the company took a hit from price compression and provincial wholesalers culling slow-moving products. The Calgary, Alberta-based marijuana producer reported net revenue of 9.9 million Canadian dollars ($8 million) for its first […]

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Marijuana producer Pure Sunfarms reports small quarterly sales growth

Canadian marijuana producer Pure Sunfarms reported a small increase in net sales in the January-March quarter compared to the preceding three months, bucking an industry trend in which most large licensed producers lost momentum in the early part of this year. British Columbia-based Pure Sunfarms, a wholly owned subsidiary of Village Farms International, booked net […]

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Cannabis firm Tilray reports $341 million net loss in last stand-alone quarter

Tilray’s recreational and medical cannabis revenue plunged in the final quarter before its merger with Aphria went into effect May 3, and the company recorded a net loss of nearly $350 million. Tilray’s red ink rose in part due to a large litigation settlement, according to the British Columbia-based company’s first-quarter financial disclosure. Before merging […]

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Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay

Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in salary and other compensation in 2020, according to the Toronto-based company’s recently disclosed proxy circular, even as the operation continued to lose money. Schmidt’s compensation reflects a salary and bonus that covers only the part of the […]

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