International Marijuana Business News

British Columbia, Quebec lead Canada’s marijuana sales higher in May

Canada’s adult-use cannabis sales jumped 14% in May on the back of new store openings in British Columbia and Ontario as well as longer store hours in Quebec – three markets that account for about three-quarters of the country’s consumers. Across the country, sales improved to 85 million Canadian dollars ($65 million) in May, up […]

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Israel throws medical cannabis industry curveball with new price control plan

The Israeli Ministry of Health is introducing a price control plan for medical cannabis that does not include a reimbursement mechanism, disappointing industry experts who had hoped the medicine would be added to the country’s “basic health basket.” The new pricing plan is expected to result in bigger monthly bills for frequent consumers, which analysts say could […]

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Netherlands to hike cannabis exports to Germany by 1,000 kilograms per year

The Minister of Medical Care of the Netherlands informed the Dutch parliament that exports of medical cannabis flower to Germany will increase this year. In the letter, dated July 12, the Dutch minister explained that the request for an increase came from his German counterpart, who asked for a hike in the annual volume of […]

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Deal Watch: Big players are behind marijuana M&A deals

Last week wasn’t the busiest for completed M&A deals in the cannabis industry, but some notable transactions were concluded – including one involving a well-established multistate operator (MSO) and another a relatively new but fast-emerging player on the scene.

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First medicinal cannabis licenses awarded in St. Vincent and the Grenadines 

Local and international businesses in the southern Caribbean nation of St. Vincent and the Grenadines scooped up the islands’ first-ever licenses to cultivate commercial medical cannabis, the nation’s marijuana regulator announced. Hundreds more are in the pipeline, demonstrating significant interest in the new industry there and across the Caribbean. Ten companies with board members from […]

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Imports of medical marijuana into Germany surge in second quarter

Germany imported almost 2,500 kilograms (roughly 5,500 pounds) of medical cannabis flower for pharmacy dispensing during the first half of 2019. That’s almost as much as the country imported in all of 2018, a sign that the expected growth in the market is coming to fruition. Member of Parliament Kirsten Kappert-Gonther tweeted the fresh data on […]

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Aurora sole winner of Italian medical cannabis tender, but average price is low by most standards

Aurora Deutschland – the German subsidiary of Alberta-based Aurora Cannabis – won all three “lots” to supply Italy with a total of 400 kilograms (880 pounds) of medical marijuana over two years, the Italian government announced. But the award may come at a cost for the Canadian company: The average price it offered – 1.73 euros […]

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Cannabis firm Valens beats expectations with CA$8.8 million quarterly revenue

Valens GroWorks’ revenue shot up nearly threefold to 8.8 million Canadian dollars ($6.7 million) in the last fiscal quarter on strong demand for its white-label services ahead of Canada’s infused cannabis market launch later this year. The revenue was ahead of analyst expectations. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) came in at […]

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Canadian marijuana firm Organigram reports improved quarterly revenues, net loss

Organigram, a Canadian cannabis producer that trades on a major U.S. exchange, reported net revenues of 24.8 million Canadian dollars ($18.6 million) for the fiscal third quarter ended May 31, up from CA$3.44 million in the same period last year. Net loss for the quarter for the New Brunswick-based company was CA$10.2 million, compared with […]

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