Canadian Medical Marijuana & Cannabis Industry News


Ontario cannabis stores start reopening; delivery and curbside pickup extended

An emergency provision temporarily allowing privately owned cannabis stores in Ontario to offer home delivery and curbside pickup has again been extended  by the provincial government, and retailers are now allowed to open their doors under certain stipulations. The emergency order – set to expire May 19 – was extended to May 29. Licensed cannabis stores in […]

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Investment group buys Sundial medical cannabis subsidiary for CA$105 million

A United Kingdom cultivator that is licensed to grow medical marijuana and hemp has been acquired by a group led by a cannabis investment firm. The U.K.’s Bridge Farm Group, which cultivates ornamental plants, flowers and herbs, announced that it was sold by its parent company, Alberta, Canada-based Sundial Growers, to an entity controlled by […]

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Aurora Cannabis selling huge Ontario greenhouse for half of asking price

Aurora Cannabis, deep in the red, accepted an offer for its large greenhouse in Exeter, Ontario for what appears to be approximately half of its 17 million Canadian dollar ($12.1 million) listing price, and one-third of the original purchase price. The deal comes amid a broad retreat from some unlicensed and fully licensed cannabis greenhouses […]

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Aurora Cannabis trims loss to CA$137M, says CEO search on track

Aurora Cannabis improved its net loss to 137 million Canadian dollars ($97 million) in its third quarter, a significant improvement over the company’s CA$1.3 billion net loss in the previous three-month period. The Alberta cannabis producer’s adjusted EBITDA loss for the quarter ending March 31 was CA$45 million. The company maintains it is on track to be […]

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Hexo received NYSE warning in early April over low stock price

Hexo is the latest Canadian cannabis producer to run afoul of the New York Stock Exchange’s continued listing standards because of a low stock price. The Ontario-based company was warned by the NYSE last month that its shares, which have fallen below $1, do not meet the exchange’s listing standards. Hexo said it receiving the notification April 7 before notifying […]

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Work briefly halted at Ontario cannabis greenhouse over COVID-19 infection

Work was temporarily suspended at a cannabis greenhouse in Ontario owned by a one of  Tilray’s subsidiaries earlier this week after a worker tested positive for COVID-19. The individual, employed through a third-party agency, had been working in a cultivation facility in Leamington run by High Park Gardens, which was acquired by Tilray last year. […]

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Talent database launched after Canada’s cannabis sector sheds 30% of workforce

A cannabis staffing agency in Toronto has launched a public database to connect displaced marijuana professionals with prospective employers. The initiative comes as struggling marijuana firms eliminated an estimated 2,700 positions in Canada over the past nine months – including 910 after the COVID-19 pandemic started – according to the Cannabis At Work employment agency. […]

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Canadian cannabis producer Tilray’s net loss improves to $184 million

Nanaimo, British Columbia-headquartered Tilray reported a net loss of $184.1 million for its quarter ending March 31, an improvement from the previous period’s $219.1 million loss. Tilray’s adjusted EBITDA loss of $19.7 million was 44% better than the $35.3 million loss it recorded for the fourth quarter of 2019. The company cited cost reductions and […]

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Ontario Cannabis Store adding seeds to catalog to ‘breathe life into category’

The Ontario Cannabis Store is aiming to create a “robust” regulated marketplace of seed varieties in an attempt to wrest market share from entrenched illicit sellers. The provincial wholesaler is currently onboarding seeds from two companies and is in talks with several others to bring their offerings to Canada’s largest adult-use marijuana market, OCS Senior […]

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Canadian cannabis producer Muskoka Grown files for creditor protection

Cannabis producer Muskoka Grown asked for temporary relief from creditors earlier this month so it can continue to conduct business and develop a plan to restructure its affairs. The Bracebridge, Ontario, company, down to 1,200 Canadian dollars ($850) of cash on hand, cited the COVID-19 pandemic, a substandard first crop of cannabis and a lack of brick-and-mortar […]

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Cronos books only $165,000 in overseas revenue for first quarter of 2020

Canadian cannabis producer Cronos Group reported $165,000 in net revenue from customers outside Canada and the United States in its latest quarter. Potential revenues of cannabis products overseas – especially in Europe – underpin valuations for many Canadian marijuana firms. So far, those sales have not materialized, with most publicly traded marijuana companies reporting negligible […]

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