Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]
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British Columbia becomes latest province to allow hotel cannabis consumption
British Columbia is set to join other Canadian provinces in giving hotel owners the option to allow recreational marijuana consumption in guest rooms, opening the door to potentially lucrative new cannabis tourism opportunities. According to the province’s new and amended regulations for cannabis legalization, released Friday, hotels may choose to allow cannabis consumption in rooms […]
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Weekly Deal Watch: Cannabis investor demand shifts from Canada to US
Canadian investors are turning their attention to the U.S., as multistate operators continue to build their infrastructure.
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Ontario aims to approve marijuana law a day before adult-use legalization
Canada’s largest province is aiming to give its new marijuana law a final vote of approval one day before cannabis becomes legal across the country in a little more than a week. The bill – the Cannabis Statute Law Amendment Act – is a complete reset of rules set by Ontario’s previous government and will open […]
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Canadian MJ producer Aurora Cannabis targets New York Stock Exchange listing
Canadian marijuana giant Aurora Cannabis has filed an application to list its shares on the New York Stock Exchange, a move that would make it the second major plant-touching company to trade on the Big Board – and the latest from Canada to establish roots on Wall Street. If approved, the Edmonton-based company could begin […]
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Canadian cannabis companies bullish on US market, boosting cross-border acquisitions and deals
As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]
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Trend halted: Medical marijuana patient growth accelerates in Canada
Canada added more than 34,000 registered medical cannabis patients in the second quarter of this year, an increase of just over 11% from the previous quarter, according to new data from Health Canada. The increase ended five consecutive quarters of slowing growth in the number of registered patients. The last time Canada saw accelerating quarterly […]
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Chart: Canadian cannabis companies’ market caps rise into the 11 figures
Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]
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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry
Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]
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On cusp of legalization, Canadian cannabis stockpiles hit record
Licensed producers of marijuana in Canada have stored away a record amount of cannabis in the months leading up to legalization, yet analysts still anticipate a significant shortage after initial inventories are depleted – particularly of highly sought-after strains. According to new data from Health Canada, the country’s 100-plus licensed producers accumulated 96,700 kilograms of […]
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License suspension ‘stark reminder’ for Canadian marijuana companies
A licensed producer was suspended by Health Canada for the first time in four years, a sign that the government agency is keeping a closer eye on companies for potential violations ahead of this month’s launch of the nation’s recreational marijuana market. Health Canada notified Ontario-based Agrima Botanicals on Sept. 26 that it was suspending the […]
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Cannabis edibles maker Dixie Brands raises $25M ahead of public stock listing in Canada
Infused cannabis products maker Dixie Brands closed a $25 million funding round as it works to go public in Canada before year’s end. The Series C capital raise was originally offered as a non-brokered private placement for up to $20 million, but heavy investor demand led Dixie to boost the offering to $25 million, the […]
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October Issue
Extraction Smackdown. Weighing the pros and cons of CO2 hydrocarbon and ethanol extraction methods.Read the Issue