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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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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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Canadian marijuana companies opening wallets to tap California market

A handful of Canadian marijuana companies are already knee-deep in California, deploying millions of dollars in cultivation facilities, retail outlets and branded products to establish a footprint in the world’s largest marijuana market. Executives at the companies – whose shares trade on the Canadian Securities Exchange (CSE) – said they hope to capitalize on: Access to […]

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Provincial Preview: Quebec cannabis market isn’t the entrepreneurial wasteland you might think it is

Quebec’s nascent marijuana industry may be home to a disproportionately small number of licensed producers and off-limits to entrepreneurs in the retail sector, but that doesn’t mean the province lacks opportunity.

You just need to know where to look, particularly among cannabis-related ancillary businesses.

The province’s medical market, for one, has nowhere to go but up.

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‘We lost it all’: Puerto Rico medical marijuana businesses assess hurricane damage

By Bart Schaneman Hurricane Maria devastated Puerto Rico’s medical marijuana industry, setting back its development at least six months – if not much longer – and causing millions of dollars in damage to MMJ businesses. No outdoor marijuana cultivation facilities survived, but some dispensaries are operating and patients who can access them are still buying.

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Week in Review: Canadian premiers mull recreational marijuana delay, Uruguay begins adult-use sales & Hawaii’s MMJ still on hold

By Matt Lamers, John Schroyer and Bart Schaneman Canada’s provinces consider delaying the launch of the nation’s recreational marijuana industry, adult-use cannabis goes on sale in Uruguay, and Hawaii’s health department stalls the country’s medical MJ market. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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Australia’s MMJ market likely to develop slowly, with big players dominating

By Bart Schaneman Cannabis entrepreneurs hoping to enter Australia’s new medical marijuana market will confront obstacles at the federal and state level, with industry observers predicting a limited number of big companies will come to dominate the business. Australia’s MMJ market also is expected to develop slowly, given complex licensing procedures and strict, costly regulations.

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