Canada Marijuana News

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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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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Canadian marijuana companies raised landmark CA$12 billion in 2018

Marijuana firms in Canada raised a record 11.96 billion Canadian dollars ($9 billion) last year as they prepared to meet demand in the new adult-use market and grow their medical operations globally. That represents a 150% increase over 2017, when Canadian companies raised CA$4.7 billion, according to data compiled by Viridian Capital Advisors and shared […]

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Canadian marijuana industry targets alcohol, mainstream executives to steer growth

Cannabis corporations in Canada are ramping up their drive to hire executives from the alcohol, tobacco and consumer packaged goods (CPG) sectors to help steer aggressive growth strategies. Personnel in these sectors have experience getting brands on shelves and into the hands of consumers, so they are highly attractive to leaders in the burgeoning cannabis industry […]

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British Columbia won’t rule out starting own cannabis production scheme ‘in future’

British Columbia says it could consider establishing its own licensing scheme for cannabis production in the future, however the province currently has no plan to take the unprecedented step. “It’s too speculative at this point to comment on what a plan could be,” the Ministry of Public Safety and Solicitor General said in a statement to Marijuana […]

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Cannabis data firm Headset raises $12M as Canada’s Canopy acquires stake

Seattle-based marijuana data and analytics provider Headset raised $12.1 million for expansion, with Canadian marijuana giant Canopy Growth Corp. acquiring a key stake. Toronto-based Canopy Rivers, the venture-capital arm of Canopy Growth, invested $3.1 million in Headset preferred shares through a funding round led by San Francisco-based Poseidon Asset Management and AFI Capital Partners of […]

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