International Marijuana Business News

Cannabis firm Tilray outlines IPO terms ahead of listing on Nasdaq

Tilray, a Canadian marijuana company owned by Seattle private equity firm Privateer Holdings, unveiled the terms of a previously announced initial public offering. The British Columbia-based company, which filed for the IPO last month, plans to issue 9 million shares of its common stock priced between $14 and $16 (CA$18.40 and  CA$21) a share. The IPO […]

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Caribbean nations consider paths to legalizing, regulating marijuana

Acknowledging the economic benefits of legalizing cannabis, Caribbean nations are looking toward reviewing marijuana’s status as an illicit drug and moving toward regulating it instead. Heads of state of the Caribbean Community (CARICOM) “have agreed that action should be taken at the national level to review marijuana’s current status with the view of reclassification,” with each country […]

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Alberta announces agreements with 13 Canadian marijuana cultivation firms

It was a busy day for the Alberta Gaming and Liquor Commission (AGLC), which announced Thursday it inked cannabis supply agreements with 13 cultivation firms. Alberta – which allows privately run cannabis retailers but will contain provincial control of cultivation – signed supply deals with: 7 Acres/The Supreme Cannabis Company ABCann Global Aphria Aurora Cannabis CannTrust […]

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Canopy Growth acquires Colombian medical marijuana firm, expands in Latin America

Canopy Growth on Thursday unveiled a multimillion-dollar plan to enter the Latin America medical cannabis market. The Smiths Falls, Ontario-based firm has launched a new subsidiary, Canopy LATAM Corp., which acquired Spectrum Cannabis Colombia S.A.S for $34.8 million (CA$4.6 million) in Canopy stock. The deal has built-in performance milestones that, if met, would give the […]

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