Major Canadian pharmacy Shoppers Drug Mart exits medical cannabis
Major Canadian pharmacy chain Shoppers Drug Mart is offloading its 4-year-old medical cannabis distribution business to another company, marking its exit from the marijuana industry.
Aurora Cannabis warned by Nasdaq about low stock price
Aurora Cannabis has been notified by the Nasdaq that it does not meet the stock exchange’s listing standards after its stock price fell below the $1 minimum bid price requirement for 30 days in a row.
Canada consulting on possible amendments to Cannabis Regulations
Canada’s federal government is launching a consultation that could lead to amendments to the country’s Cannabis Regulations, which govern the production of legal marijuana.
Canada adult-use marijuana sales down 7.1% monthly to CA$395.5M in January
Monthly retail sales of legal adult-use marijuana in Canada declined by 7.1% from December 2022 to January 2023, to 395.5 million Canadian dollars ($287 million).
Switzerland nears launch of recreational cannabis trial
Switzerland’s government is one step closer to its yearslong effort to launch a trial program involving the sale and consumption of recreational cannabis.
Cocaine announcement by marijuana company Adastra leads to lawsuit
Canada-based Adastra Holdings faces a proposed class action lawsuit from a shareholder who alleges the cannabis company made “misleading statements about (its) ability to legally sell cocaine.”
Canadian cannabis industry reckons with inflated THC label claims
Potency testing on store-bought cannabis flower by a Canadian laboratory has found THC levels significantly lower than the labeled value, sparking an industrywide conversation about how to address inaccurate THC claims.
