Marijuana Stocks & Public Companies

Canada’s largest pharmacy locks up more medical cannabis supply

Canada’s largest pharmacy chain signed up another major supplier of medical marijuana, further cementing what analysts called the “groundbreaking” entry of traditional pharmacies into the MMJ industry earlier this month. The latest deal has Shoppers Drug Mart entering an agreement to obtain an undisclosed amount of medical cannabis from MedReleaf Corp. MedReleaf, based in Markham […]

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Cronos CEO Mike Gorenstein: ‘Reckoning’ is coming for Canada’s marijuana companies

Cronos Group isn’t the kind of company to promise the moon and deliver a pizza. That’s why the Toronto-based firm announced its intentions for a massive expansion after breaking ground on a 315,000-square-foot facility earlier this year. It’s all part of CEO Mike Gorenstein’s plan to be realistic with the company’s production targets. “This is […]

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MassRoots facing eviction from Denver office

Cannabis-focused social media platform MassRoots could be evicted from its Denver offices unless the company pays nearly $40,000 in back rent. According to The Cannabist, the embattled publicly traded company owes $39,742 to its landlord and hasn’t paid its rent since August. An eviction notice dated Dec. 18 was posted on MassRoots’ office door, The Cannabist […]

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Organigram plans to increase marijuana production via CA$73 million raise

The largest producer of medical marijuana on Canada’s East Coast said it signed three separate deals to secure roughly 73 million Canadian dollars ($57 million), with much of the funding going to boost its production capacity. Organigram said in a news release it sealed a stock-purchase deal to raise CA$57.5 million in capital. Eighty percent of […]

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Global cannabis industry raises whopping $2.7 billion in 2017

Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canada via 189 transactions, the Financial Post reported. The data was compiled by […]

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MassRoots board resigns; Dietrich reinstated as CEO

In the latest development in the MassRoots saga, three members of the board of directors have resigned, and former CEO Isaac Dietrich has been reinstated under the terms of a deal struck between the four of them.

“I am back at MassRoots,” an elated Dietrich told Marijuana Business Daily on Wednesday.

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Aphria inks deal to secure CA$100 million for M&As, expansion

One of Canada’s largest medical marijuana producers announced a stock-purchase deal to raise 100 million Canadian dollars ($77.7 million) in capital, which it intends to apply to the construction of new production facilities globally and in Canada. To date in fiscal 2017, Aphria has raised CA$237 million, CFO Carl Merton told Marijuana Business Daily. This does not […]

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Senator raises specter of recreational cannabis legalization delay in Canada

Canada’s recreational marijuana industry might not be up and running until the end of 2018, an opposition senator has indicated, raising the specter of a months-long delay that would have major ramifications for businesses up and down the cannabis supply chain. “The costs of missing that deadline would be severe,” according to The Globe and […]

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Manitoba’s Delta 9 strikes deal to raise CA$20M for cannabis cultivation and retail

Delta 9 signed a stock-purchase agreement to raise 20 million Canadian dollars ($16 million) to ramp up cultivation and bankroll its bid to become a retailer of recreational marijuana in Manitoba. The Winnipeg, Manitoba-based medical marijuana producer said in a news release it nailed down the bought-deal agreement with a group of underwriters led by […]

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Canada’s largest pharmacy chain inks ‘game-changing’ medical marijuana distribution deal

Medical marijuana could soon be available through the online store of Canada’s largest pharmacy chain in what analysts are calling a groundbreaking deal for the MMJ industry. Aphria is set to supply the medical cannabis, including leaf and oil, for Toronto-based Shoppers Drug Mart. The Ontario-based licensed producer will be designated as the “preferred” supplier […]

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Canada’s Maricann looks to sell medical marijuana in German pharmacies

Ontario-based Maricann expects to start shipping dry cannabis flower to Germany in early 2018, making it the latest Canadian company to export medical marijuana to what could soon become the world’s largest MMJ market. The company’s German subsidiary, Maricann GmbH, also applied for a license to import Maricann’s cannabis from Canada with the intention of distributing […]

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