Marijuana Stocks & Public Companies

Canadian producers no longer must store cannabis in bank-like vaults

Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts. Effective immediately, marijuana producers will no longer be required to store their inventory in bank-like vaults, which can cost up to 500,000 Canadian dollars ($405,000). Instead, […]

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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GW Pharma aiming for FDA approval for CBD drug this year, again

British cannabis company GW Pharmaceuticals is hoping the U.S. Food and Drug Administration will sign off on its CBD-based epilepsy treatment, Epidiolex, as soon as this year. According to The Washington Post, GW is hoping to get the green light from the FDA to classify Epidiolex as a prescription drug, despite the fact it’s derived […]

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New company launched to serve debt-starved marijuana businesses

Marijuana companies looking to access the debt market to expand their business have a new lender they can turn to for funding. Trichome Yield Corp. will provide debt financing and offer a suite of professional services for emerging and established cannabis companies, both in Canada and around the world, according to a news release. The new […]

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Proposed Canadian medical marijuana tax could funnel patients to black market, critics warn

A proposed excise tax on medical marijuana in Canada could push even more patients to the black market and curb demand in the regulated market, executives, economists and patients told Marijuana Business Daily. The federal government plans to apply the same 10% excise tax on medical users as recreational users. That’s on top of provincial and […]

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Aurora, CanniMed agree to CA$1.2B merger, creating one of world’s largest marijuana companies

A hostile takeover attempt turned friendly Wednesday when two of Canada’s largest marijuana producers agreed to bury the hatchet and combine their operations to become one of the world’s largest cannabis companies.

After five days of marathon negotiations, Saskatchewan’s CanniMed Therapeutics accepted Aurora Cannabis’ sweetened cash and share offer worth 1.2 billion Canadian dollars ($900 million).

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Canopy aims to have recreational marijuana outlets open in Canada by summer

Canopy Growth has become the first major licensed producer of medical marijuana in Canada to announce plans for its own stand-alone retail recreational cannabis outlets. The Smiths Falls-based company aims to have its sales outlets up and running by the time cash registers ring in the launch of Canada’s multibillion-dollar recreational marijuana industry this summer. […]

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Canada gets first training program for rec cannabis retail workers

New Brunswick’s provincial-run alcohol retailer and one of Canada’s top marijuana producers are teaming up to develop a training program for recreational cannabis retail employees. NB Liquor and Smiths Falls-based licensed producer Canopy Growth Corp. will launch the new program, which will first be offered to public-sector cannabis employees within New Brunswick. The training also will be […]

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Global cannabis market poised for 1,000%-plus growth to $140B, report predicts

The legal global cannabis market is poised for growth of more than 1,000% over the next decade and could reach $140 billion dollars by 2027, according to a new analysis by European investment bank Bryan, Garnier & Co. “Not only is there already a sizeable black market to take share from, but legalisation itself seems […]

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Italy addresses ‘systematic’ medical marijuana shortage with help from Canadian companies

Two Canadian-based companies are turning to acquisitions and supply agreements to address a “systematic” shortfall of medical marijuana in Italy that’s estimated to be in the thousands of kilograms. Toronto-based Nuuvera said last week it is acquiring one of only seven companies in Italy with a license to import medical cannabis. Hours later, the German […]

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Aurora Cannabis says it has ‘open mind’ in merger talks with CanniMed

Potentially the largest acquisition in Canada’s burgeoning marijuana industry is going down to the wire, as Aurora Cannabis and CanniMed Therapeutics continue talks that started last week. In November, Aurora Cannabis launched a hostile takeover attempt of rival producer CanniMed for 544 million Canadian dollars ($425 million) in stock, a deal that would be the […]

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