Organigram nears profitability as cannabis sales jump to CA$145.8 million

Cannabis producer Organigram Holdings said its sales soared in the fourth quarter and for the year ended Aug. 31, rising to 45.5 million Canadian dollars ($33.5 million) and $145.8 million, respectively.

‘We’re not in business to lose money’: Q&A with Tony Giorgi, CEO of Canadian cannabis producer Sensi Brands

Tony Giorgi, CEO of Sensi Brands, explains why his Canadian cannabis company is profitable and discusses the outlook for the industry.

How to build a successful cannabis brand: Q&A with craft alcohol pioneer Rhonda Kallman

Boston Beer Co. and Boston Harbor Distillery’s Rhonda Kallman shares what the cannabis industry can learn from craft beer and spirits.

Germany may rely on domestic cannabis cultivation, leaked paper suggests 

Germany’s recreational cannabis market should impose a cap on potency and rely on domestic cultivation, according to preliminary proposals for the planned recreational market by the country’s Ministry of Health.

CBD company Charlotte’s Web signs distribution deal with liquor giant

Hemp-derived CBD product maker Charlotte’s Web Holdings signed a distribution agreement with major liquor distributor Southern Glazer’s Wine & Spirits.

US, Canadian marijuana stocks surge, decline after Biden announcement

Shares of publicly traded cannabis companies surged late Thursday and then declined Friday morning after U.S. President Joe Biden’s surprise announcement that he would direct the government to review the federal drug scheduling of marijuana and issue pardons for federal MJ-possession offenses.

Canadian cannabis producer Pure Sunfarms cuts 27 jobs

Pure Sunfarms, the cannabis unit of U.S. and Canadian produce company Village Farms International, cut more than two dozen positions, MJBizDaily has learned. 

The most profitable cannabis businesses in Canada are owned by government

The most profitable cannabis businesses in Canada are owned by various levels of government, according to MJBizDaily research.

Marijuana firm Bright Green sets deal on $10 million private placement funding

Bright Green Corp., which hopes to win federal approval to cultivate marijuana on behalf of researchers, said it struck an agreement with investors to raise $10 million through a private placement of the company’s stock.

Canadian marijuana stocks dumped by world’s largest sovereign fund

Norway’s sovereign wealth fund is excluding several Canadian companies because they produce recreational marijuana, which remains illegal in the Nordic country.

Marijuana-focused ETF to include US multistate operators

ETFMG Alternative Harvest ETF – an exchange traded fund specializing mainly in Canadian cannabis companies and ancillary marijuana businesses – will begin to include U.S.-based marijuana multistate operators.

Righting a Canadian cannabis company: Q&A with Hexo CEO Charlie Bowman

Charlie Bowman, CEO of Canadian cannabis company Hexo Corp., discusses how he plans to get the Quebec-based company back on solid ground.