Ogen is latest Canadian cannabis producer to close its doors
Calgary, Alberta-based cannabis producer Ogen has closed its doors, an executive announced, making the company the latest casualty in Canada’s cutthroat marijuana industry.
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Calgary, Alberta-based cannabis producer Ogen has closed its doors, an executive announced, making the company the latest casualty in Canada’s cutthroat marijuana industry.
Alcohol giant Constellation Brands said all its warrants have expired to purchase common shares of Canadian cannabis producer Canopy Growth Corp. and signaled it has “no other present plans” that relate to Canopy.
Portugal exported 5,438 kilograms (roughly 12,000 pounds) of medical cannabis in the first half of this year, according to the latest figures published by the country’s health authority, Infarmed.
British American Tobacco is once again increasing its investment in Canadian cannabis producer Organigram Holdings, this time deepening their partnership through an injection of 124.6 million Canadian dollars ($92.5 million).
The Canadian cannabis industry is on pace to see a record number of federal licenses revoked this fiscal year, largely at the request of the companies themselves, according to new data from Health Canada.
As several cannabis multistate operators upgrade their Canadian stock listings to higher-tier exchanges, more are expected to join the trend – but their ultimate goal appears to be listing on U.S. exchanges such as the Nasdaq.
Germany-based Sanity Group is teaming up with the Swiss Institute for Addiction and Health Research (ISGF) to open two legal recreational cannabis stores in Switzerland as part of the country’s pilot study into dispensing marijuana.