International Marijuana Business News

US marijuana company MJardin to go public in Canada via reverse takeover

Another notable U.S. marijuana company is completing a reverse takeover in Canada so it can go public north of the border. Denver-based MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – plans to trade on the Canadian Securities Exchange (CSE) through a reverse takeover (RTO) of […]

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Aurora Cannabis to acquire Uruguay-based ICC Labs for CA$290 million

Aurora Cannabis has agreed to acquire Uruguayan marijuana producer ICC Labs in a deal valued at 290 million Canadian dollars ($220 million) and would establish the Alberta-based company as a leader in South America. Reports of the deal surfaced a few weeks ago, though the companies declined to comment at that time. Under the deal, […]

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Cannabis legislation in Ontario expected in late September

Ontario’s Progressive Conservative government is expected to introduce legislation in late September to regulate the recreational cannabis industry, according to multiple sources with knowledge of the matter. The legislation could be introduced within days of the Sept. 24 start of the fall session. Last month, the new government reversed the previous provincial government’s commitment to […]

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US cannabis listings in Canada rise as investor interest spikes

A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly capital markets and a growing appetite among international investors for American MJ assets. So far this year, 17 […]

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Ontario signs up first marijuana accessories suppliers

The Ontario Cannabis Store (OSC) – the province’s government-operated wholesaler and online retailer – inked deals with 10 accessories suppliers to provide products to offer alongside recreational marijuana when sales begin next month. The companies’ products include vaporizers, pipes and grinders. Recreational cannabis and accessories will be sold in Ontario through the government’s online retailer […]

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Marlboro maker ‘evaluating opportunities’ in cannabis industry

Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry. The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant Anheuser-Busch InBev – would be another major milestone for the marijuana sector, coming on the heels of […]

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Oregon marijuana firm lands $12.5M from Canada’s Tidal Royalty to fund expansion

Oregon-based Diem Cannabis is poised to enter a new market after landing upwards of $12.5 million in financing from Toronto-based Tidal Royalty Corp. The capital will be used over the next three years to develop and operate a large-scale cultivation and processing facility and up to four dispensaries, all in Massachusetts, the firms announced in […]

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5 ways to market your cannabis company in Canada without breaking the law

Canada’s legal cannabis industry means big business for the country and its entrepreneurs. But when it comes to launching brands with a bang come Oct. 17, governments haven’t made it easy, with a quagmire of overlapping laws and regulations that restrict advertising, packaging, promotions and sponsorships. The key to overcoming those challenges, of course, is […]

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Analyst says Cronos stock swings ‘overdone,’ calls deception allegations ‘unfounded’

Shares of Cronos Group were punished by investors this week after the Ontario-based licensed producer of cannabis was targeted by short-seller Andrew Left of Citron Research – but at least one analyst called the wild swing “overdone.” Citron’s report, issued Aug. 30, accused the Cronos management team of “deceiving the investing public” by not disclosing the […]

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Marijuana exchange-traded fund takes in $22 million in August

Investors are flocking to a U.S.-listed exchange-traded fund (ETF) that tracks nearly 40 Canadian and American cannabis firms. The $436 million ETFMG Alternative Harvest ETF – which trades on the NYSE Arca under the ticker symbol MJ – has taken in around $22 million in August, putting it in a position to post its largest monthly inflow […]

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Canadian cannabis prices continue falling ahead of legalization

The average combined price for nonmedical and medical cannabis has fallen 10.6% since the first quarter of 2016, according to new data from Statistics Canada. The latest data from StatsCan pegs the average combined cost of nonmedical and medical cannabis at 6.74 Canadian dollars ($5.19) per gram in the second quarter. Wholesale marijuana prices are […]

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