Canada Marijuana News

‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

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US ancillary cannabis company Kush Bottles expands into Canada

Another U.S. marijuana company is expanding into the Great White North. California-based Kush Bottles, a major provider of packaging, supplies, vaporizers and other accessories for the cannabis industry, announced it is launching Kush Supply, a subsidiary based in Toronto. This follows several other business forays by U.S. cannabis companies into Canada, including Oregon-based Cura Cannabis Solutions, […]

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Constellation invests CA$5 billion in cannabis giant Canopy in deal financed by BofA Merrill Lynch

Global liquor giant Constellation Brands plans to significantly increase its ownership in Canopy Growth by investing an industry-record 5 billion Canadian dollars ($3.8 billion) to make the marijuana titan its exclusive global MJ partner. Constellation will acquire 104.5 million shares directly from Canopy Growth for CA$48.60 per share, giving the New York-based company – which owns, […]

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Canadian company cancels $8.3 million deal to buy Maine marijuana grow operation

Canada-based C21 Investments has nixed a deal to spend up to $8.3 million for a cultivation operation in Maine that subsequently was linked to an alleged black-market grow. The Bangor Daily News reported Tuesday the cancellation of the deal, which C21 had disclosed June 28 in a news release. C21, which has made a flurry […]

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Multibillion-dollar marijuana industry takes the stage at MJBizConINT’L

There is no end in sight to business opportunities in the multibillion-dollar international cannabis industry, experts said Tuesday as the inaugural MJBizConINT’L kicked off in Toronto. More than 2,000 marijuana entrepreneurs and investors from 31 countries are gathering for the three-day, international-focused conference to explore strategies that include: Tapping into international investment capital. Building a global cannabis […]

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California cannabis icon Harborside to go public in Canada via CA$200M deal

Harborside announced Monday it will go public in Canada through a reverse takeover that will allow the iconic California marijuana company to trade on the Canadian Securities Exchange (CSE). Under the terms of the deal, Toronto-based Lineage Grow Co. will acquire all outstanding securities of Oakland-based FLRish – which manages Harborside’s retail and dispensary operations – […]

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Ontario scraps government monopoly, adopts private retail plan for adult-use cannabis market

Ontario’s new retail framework for recreational cannabis will start with online-only sales when legalization takes effect Oct. 17,  with a network of privately owned stores expected to be in place by April 1.

The new retail plan, first reported by Marijuana Business Daily, is a complete overhaul of the previous government’s commitment to opening only a small number of publicly owned stores.

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Canada’s marijuana giants advance coast-to-coast retail plans

Two of Canada’s largest cannabis companies – Aphria and Aurora – are working to establish networks of adult-use retail stores across the country in advance of the recreational marijuana market launch in October. Alberta-based Aurora Cannabis reached a license agreement with Alcanna, the largest private-sector liquor retailer in Canada. In February, Aurora paid 103.5 million […]

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Marijuana firm GrowForce closes CA$38M raise ahead of public markets debut

Toronto-based GrowForce Holdings has closed a funding round of 38 million Canadian dollars ($29.1 million) as the firm prepares to go public later this quarter. Capital from the equity raise will be used to expand the company’s cultivation operations and for strategic acquisitions, the firm said in a news release. Under terms of the offering, GrowForce […]

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Italy looks to expand medical marijuana sales to all pharmacies, increase production

Italy signaled its intention to loosen the military’s grip on the cultivation of medical marijuana, significantly ramp up production and make MMJ “available in all pharmacies” across the country. The move also could increase opportunities for international MMJ companies participating in the nation’s medical cannabis industry. Italian Health Minister Giulia Grillo made the announcement in […]

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