Aurora Cannabis reports CA$51.9 million loss in first quarter
Canadian producer Aurora Cannabis reported a net loss of 51.9 million Canadian dollars ($39.1 million) for the first quarter of its 2023 fiscal year.
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Canadian producer Aurora Cannabis reported a net loss of 51.9 million Canadian dollars ($39.1 million) for the first quarter of its 2023 fiscal year.
Some Indigenous leaders believe they’ve been largely excluded from Canada’s multibillion-dollar legal cannabis retail and cultivation industry.
The Canadian cannabis operations of U.S. produce company Village Farms International reported net income of 200,000 Canadian dollars ($148,000) and positive adjusted EBITDA of CA$6.7 million for its third quarter period ended Sept. 30.
Canadian cannabis producer Canopy Growth reported a net loss of 231.9 million Canadian dollars ($172 million) in its second quarter, reflecting “non-cash fair value changes” as well as a jump in asset impairment and restructuring costs.
Global company Akanda announced the arrival and sale in Germany of its first shipment of medical cannabis from Portugal.
Tilray Brands has taken another step into the beverage alcohol sector, adding New York craft-beer brewer Montauk Brewing Co. to its cannabis and alcohol portfolio.
Heritage Cannabis Holdings Corp. is raising up to $20 million from Obsidian Global Partners by way of an equity line of credit agreement in which Obsidian will purchase shares of the Canadian marijuana company in private placements over time – when Heritage wants it to.