Canada Marijuana News

Aurora starts ‘regular’ shipments of medical marijuana to Germany

Matt Lamers  | September 19, 2017

Aurora Cannabis sent its first shipment of medical marijuana to Germany, a market with so much growth potential that Canadian licensed producers have been racing to gain a toehold there.

Monday’s shipment of 50 kilograms (110 pounds) of dried cannabis to Berlin-based Pedanios represents “a critical step” in Aurora’s international expansion strategy and provides a gateway …

Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

Matt Lamers  | September 19, 2017

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments - including convertible bonds, debentures and term loans - through August.

In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis

Matt Lamers  | September 15, 2017

New Brunswick entered into separate agreements with two of Canada’s largest licensed producers to buy 9,000 kilograms of cannabis per year worth 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized next summer.

The groundbreaking deals could be a harbinger of things to come …

Canada’s producers stockpiling cannabis ahead of legalization

Matt Lamers  | September 14, 2017

One year ahead of adult-use marijuana legalization, Canada’s licensed producers continue to bolster their inventories of cannabis, according to fresh data from Health Canada.

Despite the stockpiling, LPs still have a long way to go to meet anticipated recreational and medical demand. Adult-use legalization is scheduled to take effect in …

Green Organic Dutchman seeking to raise CA$20M for expansion

Matt Lamers  | September 13, 2017

Less than two weeks after securing a 5 million Canadian dollar ($4 million) line of credit, Green Organic Dutchman Holdings is taking steps to raise another CA$20 million through a private placement of its securities.

The Canadian marijuana producer plans to use the money to build its planned cultivation facilities in Ontario and Quebec to meet demand for …

Canopy signs cannabis seed deal with Spanish pharma company

Matt Lamers  | September 13, 2017

Canopy Growth will supply medical marijuana seeds to the Spanish pharmaceutical company Alcaliber, becoming the latest licensed Canadian producer to expand its footprint in Europe.

Alcaliber will use the seeds to grow and export medical cannabis from its facilities in Spain. The seeds will be provided through a supply deal involving Smiths Falls, …