Cannabis MSO Jushi seeks to raise up to $397.3 million
Marijuana multistate operator Jushi Holdings plans to raise up to 500 million Canadian dollars ($397.3 million) by way of a new preliminary short form base shelf prospectus filed in Canada.
Canadian cannabis companies, trends, and data
Marijuana multistate operator Jushi Holdings plans to raise up to 500 million Canadian dollars ($397.3 million) by way of a new preliminary short form base shelf prospectus filed in Canada.
Edmonton, Alberta-based Aurora Cannabis saw its net loss improve to 11.8 million Canadian dollars ($9.5 million) in its quarter ended Sept. 30 on growing sales of medical marijuana, according to the company’s first-quarter results released Tuesday.
Quebec-based Hexo Corp. is shutting down three facilities and laying off staff as part of an integration plan following an acquisition spree it went on this year worth roughly 1.2 billion Canadian dollars ($960 million).
Edmonton, Alberta-based Aurora Cannabis is investing “a significant equity stake” in upstart Netherlands-based Growery B.V., one of only 10 lottery winners selected to cultivate and distribute adult-use marijuana to retailers under a government-backed pilot program.
Licensed cannabis producer Pure Sunfarms reported a growing profit for its July-September quarter on the back of organic sales growth in its key markets of Ontario, Alberta and British Columbia.
A niche sector in the cannabis industry, beverages, is getting enormous attention from some of the world’s largest companies.
Beleaguered Canadian cannabis producer Canopy Growth Corp. is closing another massive greenhouse and laying off staff as part of the Smiths Falls, Ontario-based company’s efforts to cut costs amid ballooning losses.