International Marijuana Business News

Embattled CannTrust halts marijuana sales; Canada’s supply shortfall could worsen

CannTrust Holdings halted all sales of cannabis products while Canada’s federal regulator inspects its Vaughan, Ontario, manufacturing facility. The Ontario company received a “noncompliant” rating earlier this week from Health Canada for operating five unlicensed rooms. That means CannTrust’s 72,000 registered medical cannabis patients will have to look to other producers to fill their orders, likely […]

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Canadian retailer pulls CannTrust’s recreational marijuana goods from shelves

Embattled Canadian cannabis cultivator CannTrust was dealt another blow after its recreational products were yanked from the shelves of Canada’s largest marijuana retailer. Daffyd Roderick, director of communications for the Ontario Cannabis Store (OCS), the province’s online retailer and wholesale distributor, confirmed to BNN Bloomberg that CannTrust’s products weren’t available for sale. “Due to the […]

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German sales of insurance-covered medical cannabis continue upward trend

Sales of insurance-covered medical cannabis continued to increase during the first quarter of 2019 in Germany, the largest market outside North America. In the first three months of the year, sales of reimbursed cannabis products totaled 24.5 million euros ($27.5 million), an increase of 7% from the fourth quarter of 2018, according to government data. […]

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MJBizDaily opens nominations for inaugural Cannabis Industry Awards

Marijuana Business Daily is launching its inaugural Cannabis Industry Awards to be held during MJBizCon Week (Dec. 7-13) in Las Vegas and has opened the nomination process to recognize the top businesses, individuals and organizations participating in this global industry. The MJBizDaily editorial staff will select the winners in the awards categories that cover different geographic […]

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Canadian marijuana firm Sundial, California’s KushCo seek Nasdaq listings

Sundial Growers, a Canadian cannabis company, and California-based KushCo Holdings have applied to be listed on the Nasdaq. Sundial, based in Calgary, Alberta, would operate under the ticker symbol SNDL. The number of shares to be offered and the price range for the offering have not been determined. The company currently operates two facilities in its […]

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Sol Global cannabis investment firm raises CA$50 million; exec resigns

Sol Global, a Toronto-based international cannabis investment firm, said it raised 50 million Canadian dollars ($37.5 million) in debt financing. The company will use the proceeds to fund its expansion in CBD activities and operations in California, Florida and Michigan. The company also said Jonathan Gilbert resigned as president of its subsidiary, Impact Biosciences, which […]

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British Columbia cannabis wholesaler ‘not equipped’ to distribute clones

Licensed growers who want to sell cannabis clones in British Columbia are going to have to wait – or look to other markets – because the provincial wholesaler has neither immediate plans nor the ability to distribute those products to retailers. “The Liquor Distribution Branch’s distribution center is not equipped to receive, store or ship […]

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