International Marijuana Business News


Aurora ‘expects sufficient supply’ of marijuana to meet adult-use demand

Aurora Cannabis expects to have sufficient supply next year to meet demand in Canada’s shortage-ridden recreational marijuana market, according to a regulatory filing the Alberta company released Monday alongside its quarterly results. Aurora – one of Canada’s largest licensed producers of companies – reported revenue of 29 million Canadian dollars ($21 million) for the quarter […]

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Aphria seeks EU GMP certification before closing deal for German distributor

Aphria, one of Canada’s largest medical cannabis companies, aims to obtain an essential European quality standard certification before closing its deal to buy a large distributor of pharmaceutical products in Germany. Aphria announced last week its intention to buy Densborn, Germany-based CC Pharma for 24.5 million euros ($28 million) in cash on closing and another […]

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92% of licensed marijuana producers pass sales inspection as Health Canada boosts capacity

As Canadian licensed producers of medical cannabis scrambled to increase cultivation capacity in the months leading up to recreational legalization, the agency responsible for regulating marijuana cultivation was busy ramping up inspections and issuing new licenses. Health Canada almost quadrupled the number of presale inspections conducted on licensed producers (LPs) between 2017 and 2018, according […]

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Ontario Cannabis Store sticks to ‘Plan A’ despite lengthy delays

A contingency plan developed by the Ontario Cannabis Store (OCS) to cope with a rotating strike by its exclusive shipper has not been put into action, leading to lengthy shipping delays and thousands of customer complaints. The OCS previously said its contingency plan was “ready in the event orders cannot be fulfilled due to the […]

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Tips for success in Uruguay’s blossoming cannabis industry

One year ago, Uruguay’s cannabis industry was still working on implementing new regulations. Today, 17 companies have been licensed in some form and roughly 20 more have projects under government analysis. If all the projects are approved, industry investment could total $80 million, Martin Rodriguez, executive director of the Institute for the Regulation and Control […]

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US cannabis retailer Green Growth Brands inks CA$30.5 million raise

Ohio-based marijuana retailer Green Growth Brands raised 30.5 million Canadian dollars ($23.2 million) in a private placement ahead of the firm’s planned trading debut in Canada later this month. The raise follows a CA$85 million private placement inked in September and brings Green Growth’s total raises to more than CA$140 million. The firm plans to use the […]

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Marijuana firms Terra Tech, Golden Leaf sign intent to merge in $125 million deal

Terra Tech Corp., a California-based, vertically integrated cannabis company, announced Monday that it has signed a nonbinding letter of intent to merge with Toronto-based Golden Leaf Holdings. If the deal is consummated, Golden Leaf shareholders would receive 0.1203 common shares of Terra Tech for each common share of Golden Leaf held, valuing the deal at roughly […]

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Court rulings, incoming ministers suggest Mexico destined for cannabis legalization

A recent Supreme Court ruling and newly elected government suggest Mexico could soon follow Canada down the road of cannabis legalization. Mexico’s Supreme Court ruled Oct. 31 – for the fifth time since November 2015 – that a total prohibition of recreational marijuana consumption is unconstitutional. By reaching five similar rulings, the Supreme Court crossed […]

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Israeli medical cannabis pioneer hit with ‘temporary closure’

The largest supplier of medical marijuana in Israel is not distributing or selling products from its facility in Biriya after the Ministry of Health raised questions over a new drying process – but the company expects the facility to be up and running in a matter of days. Tikun Olam CEO Aharon Lutzky said the […]

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Ontario to accept cannabis retail applications in December; here’s how to prepare

Canada’s largest recreational cannabis market will start accepting applications in December for prospective retail outlets to open next spring. Experts foresee a frenzy of applications out of the gate, as analysts say a fully private cannabis sector in Ontario could support at least 1,000 outlets. For comparison, Saskatchewan saw 1,500 submissions for just 51 licenses. […]

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