International Marijuana Business News


Australia to increase scrutiny of imported medical cannabis

The regulatory body for therapeutic goods in Australia plans to expand the number of quality inspections involving imported medical cannabis in the coming months. Over 90% of prescriptions and approvals are being supplied by imported products, industry group Medicinal Cannabis Industry Australia (MCIA) previously told Marijuana Business Daily. The Therapeutic Goods Administration (TGA) says applications […]

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Marijuana firm Tilray plans $90 million capital raise amid market turmoil

Canadian cannabis producer Tilray on Thursday announced a share offering to raise $90.4 million, which the Nanaimo, British Columbia company says will be used for general corporate purposes. Tilray priced 7.25 million class 2 common shares – and 11.75 million prefunded warrants to purchase common shares – at $4.76 per share. That is a 20% discount […]

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Zenabis to sell cannabis facility, lays off quarter of workforce

Zenabis Global laid off almost a quarter of its workforce and plans to sell one of its cultivation and processing facilities in an effort to become cash flow positive this year, the Vancouver, British Columbia-based company said this week. Zenabis cut its head office personnel by 33% and its overall workforce by 22%. It also announced […]

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Spannabis cannabis conference postponed amid coronavirus pandemic

Leading European marijuana business conference Spannabis Barcelona was postponed less than 48 hours before the planned start of the event. The conference was postponed for several months after local authorities suspended all gatherings larger than 1,000 people in an effort to contain the coronavirus. Spannabis is the latest cannabis-related conference to be closed or postponed in […]

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Marijuana firm TGOD books loss of CA$145 million, has seven weeks of funds left

Mississauga, Ontario-based marijuana company Green Organic Dutchman’s net loss ballooned to 145 million Canadian dollars ($105 million) for the final three months of 2019 on impairment charges of CA$127.7 million. That is up substantially from the previous quarter’s CA$20 million loss. Green Organic Dutchman (TGOD) reported sales in Canada of only CA$690,000 in the quarter […]

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Germany launches application process for distribution of domestically produced cannabis flower

Germany is looking for a distributor to service the government’s cannabis agency. The winning company will be responsible for shipping all domestically produced medical cannabis flower to pharmacies. The requirements and awarding criteria for the post indicate that companies with experience distributing narcotic drugs – and those able to offer a low price for their […]

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Cannabis edibles maker Wana Brands expands into Canada

One of the largest U.S. edibles makers, Colorado-based Wana Brands, has expanded into the Canadian market through a license agreement with Indiva Limited. Under terms of the agreement, London, Ontario-based Indiva will have the exclusive rights to produce and distribute Wana products in Canada. The expansion into Canada – Wana’s first market outside the United […]

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New Cannabis Council head presses Canada health minister on red tape, exports, excise stamps

One of the first orders of business for new Cannabis Council of Canada head George Smitherman was a meeting with federal Health Minister Patty Hajdu to discuss issues facing the burgeoning industry. Packaging restrictions, the export approval process, excise stamps and CBD were among the topics discussed Monday, Smitherman told Marijuana Business Daily. “On a […]

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More Canadian cannabis companies receive EU-GMP certifications

Two Canadian cannabis companies received EU-Good Manufacturing Practice (GMP) certification, an essential step to exporting medical marijuana to markets in the European Union. Brampton, Ontario-based producer Northern Green Canada received its EU-GMP certification March 4. On the same day, Eve & Co subsidiary Natural MedCo earned a certificate of EU-GMP compliance for its Strathroy, Ontario, […]

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Gordon no longer at 48North helm in latest cannabis CEO departure

48North Cannabis announced the sudden departure of Chief Executive Officer Alison Gordon, who led the Toronto-based producer for almost three years. Gordon was among a small number of women at the helm of a Canadian marijuana company. One year ago, a Marijuana Business Daily study found that men held 93% of Canadian cannabis boardroom positions. […]

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