International Marijuana Business News

Cannabis firm Atlas expands to Denmark, plans large indoor production

Edmonton, Alberta-based Atlas Biotechnologies is expanding to Denmark, where the Canadian producer plans to repurpose a sprawling indoor mushroom farm for medical cannabis cultivation. The initiative, expected to cost 40 million-50 million Canadian dollars ($27 million-$37 million), aims to be fully operational by the end of 2020. Atlas follows in the footsteps of Canada-based international […]

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Tilray inks first deal to buy adult-use cannabis retailer in Canada for CA$110 million

Canadian cannabis producer Tilray is expanding into Alberta’s competitive recreational marijuana market with the planned acquisition of retailer Four20 for 110 million Canadian dollars ($82 million). It is Tilray’s first agreement to acquire a cannabis retailer in Canada outright after taking small positions in Spiritleaf and Westleaf. Four20 has six of Alberta’s 277 adult-use cannabis locations. The definitive […]

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Constellation expects $54 million loss from marijuana giant Canopy Growth

Alcohol giant Constellation Brands said it expects to report a $54.3 million loss in its quarter ending Saturday related to its stake in Canadian cannabis producer Canopy Growth. The six-month loss ending Saturday attributed to the investment in Smiths Falls, Ontario-based Canopy is expected to be $132.5 million, according to an 8-K filing with the […]

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Origin House cannabis revenues rise, but losses mount

Marijuana company Origin House posted revenue of 21.4 million Canadian dollars ($16 million) in the second quarter, a sixfold increase over the CA$3.5 million ($2.6 million) it reported for the same period a year ago. But the Ottawa-based company’s losses totaled CA$34.9 million ($26.2 million) for the quarter ending June 30, compared with a profit […]

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MJBizDaily awards deadline is Saturday for cannabis leaders

The deadline for submitting nominations for Marijuana Business Daily’s inaugural MJBizDaily Awards is Saturday. The awards, which will be held during MJBizCon Week (Dec. 7-13) in Las Vegas, will recognize the top companies, individuals and organizations participating in the global cannabis industry. The MJBizDaily editorial staff will choose the winners in the awards categories that cover different […]

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