Cultivation

TerrAscend announces CA$52 million financing, Canopy partnership

A Mississauga, Ontario-based medical marijuana company is taking steps to raise 50 million Canadian dollars ($40 million) through a private placement of its securities to expand its existing facility and pursue strategic pharmaceutical assets. TerrAscend – traded on the Canadian Securities Exchange under the symbol TER – said in a news release that it entered […]

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Marijuana Business Daily’s annual cannabis industry survey underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs. Executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, testing labs and ancillary firms as well as investors that fund cannabis […]

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Aurora launching hostile takeover for rival CanniMed

Aurora Cannabis said Monday it is proceeding with a hostile takeover attempt for CanniMed Therapeutics this week after the rival medical marijuana producer rebuffed its initial friendly bid for 544 million Canadian dollars ($425 million) in stock. The hostile bid represents a new development in Canada’s emerging marijuana industry ahead of next year’s planned legalization […]

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Canadian companies aim to create medical cannabis powerhouse in Latin America

Canadian companies hope to cultivate a medical marijuana juggernaut in Colombia by combining Toronto’s capital and technological expertise with the Latin American nation’s favorable climate and location. Industry executives said they plan to use Colombia as a springboard to serve Latin America’s 400-plus million people who live in nations where some form of marijuana is […]

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Greece’s medical marijuana market pushes forward

Investors are making plans to pump money into Greece’s recently legalized medical marijuana market. Cultivators are interested in investing more than 1.5 billion euros ($1.74 billion) to construct greenhouses for growing and manufacturing marijuana, according to the country’s minister of rural development and food. Here’s what you need to know from the Bloomberg report: Prime […]

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San Diego County’s only licensed marijuana grower to double production

With an expected boost in demand on the horizon, San Diego County’s only licensed cannabis grower plans to increase his farm’s output from 1,000 pounds in 2017 to at least 2,000 pounds next year, if not more. According to The San Diego Union-Tribune, the company, OutCo, said it may produce as much as 5,000 pounds […]

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Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.

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IBM suggests blockchain for tracking Canadian marijuana

Tech titan IBM is pitching blockchain technology as a supply-management tool for British Columbia’s recreational and medical cannabis industry, a possible sign that Big Blue is eyeing Canada as a way to enter the marijuana sector. IBM submitted a paper to British Columbia after the government requested suggestions for its forthcoming marijuana legislation. The Armonk, […]

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Leading US marijuana retailer LivWell takes ‘significant’ ownership stake in Canadian producer

One of the largest marijuana retailers in the United States has acquired a “significant” equity stake in an Alberta cannabis producer, a move that could pave the way for other U.S. companies to enter the Canadian market. Denver-based LivWell Enlightened Health purchased the undisclosed stake in Lethbridge, Alberta-based 51st Parallel, Marijuana Business Daily has learned.

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$2 million will buy a medical marijuana ‘farm’ in Michigan

With medical cannabis already legal in Michigan and recreational marijuana possibly on the horizon next year, one businessman in the state who’s been leasing space to MMJ caregivers is trying to sell his operation for $2 million. The 82-acre “farm” is already parsed into eight smaller indoor growing blocs, which the owner leases out for […]

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