Search Results

Keywords: tilray

Raising Money in the Cannabis Industry: Q&A With Brendan Kennedy of Privateer Holdings

By Tony C. Dreibus Privateer Holdings made waves earlier this year when it closed on a $75 million round of financing, the largest infusion of cash into a cannabis-focused private equity firm in the marijuana industry’s short history. What’s more, a major mainstream investor contributed to the round: Paypal co-founder Peter Thiel. The financing windfall […]

Read More

Experts: Canada must develop regulations on cannabis edibles, extracts quickly

By Tony C. Dreibus Canadian officials must craft rules on infused products quickly to ensure patients buy from federally licensed cannabis companies instead of illegal dispensaries or the black market, industry experts said. The Supreme Court of Canada last week struck down a provision in the country’s medical marijuana law that restricted cannabis production,

Read More

43 Companies Vying for New York MMJ Licenses

The final tally is in: 43 companies, including several from outside of New York, turned in applications for the five medical marijuana business licenses the state will award next month. View the entire list of applicants here. Two of the most prominent names included on the list are Tilray New York and Mindful Medical New […]

Read More

Canadian Cultivator Seeks Ban on ‘Kickbacks’ to Physicians

Canada-based medical cannabis producer Tilray has left the country’s main industry lobbying group and wants to see a code of ethics developed to outlaw compensation to physicians, saying it’s been approached by clinics asking for payment in exchange for patient referrals. Other Canadian growers also have said they’ve  experienced a similar situation, as doctors are […]

Read More

Privateer Closes Record $75 Million Financing Round

It’s official: Privateer Holdings has closed on its $75 million round of financing, capitalizing on a recent rush of investments in the cannabis industry. The private equity firm – which owns the strain review site Leafly, the Canadian medical marijuana producer Tilray, and the cannabis brand Marley Natural – plans to use the money to […]

Read More

Ups and Downs in the Canadian MMJ Industry

By Tony C. Dreibus New regulations in Canada designed to improve access to higher quality medical cannabis have shaken up the market. The rules have left some patients with few options to purchase and consume their medication, leading to several lawsuits. Meanwhile, the licensed cultivators and sellers who are now responsible for supplying safe, tested […]

Read More

Canadian MMJ Company Issues Recall

A Canadian company is recalling three batches of medical marijuana because they may contain high levels of bacteria, Health Canada said. Tilray, a British Columbia-based medical marijuana grower and seller, voluntarily recalled its sativa, hybrid and indica house blends after Health Canada inspectors found that the batches tested above compliance standards for bacteria. No reports […]

Read More

Uruguay on road to selecting marijuana cultivators

Uruguay is moving closer to starting marijuana sales after a series of delays plagued the first country to legalize recreational cannabis at the national level. Investors from as far away as Canada and Germany submitted bids last August for just five licenses to cultivate recreational marijuana for the government, and officials recently whittled the list […]

Read More

PayPal Co-Founder to Invest in Cannabis

PayPal co-founder and early Facebook investor Peter Thiel plans to pump money into the marijuana industry. Thiel will invest in a Series B round of financing for Privateer Holdings, a cannabis-focused private equity firm that is attempting to raise $75 million, according to a report by Business Insider. Seattle-based Privateer reportedly has already raised a […]

Read More

Canadian Cannabis Growers Report Huge Demand

The rapid growth of Canada’s medical marijuana market is outpacing the expectations of some of the country’s largest cultivation companies. Tweed Inc., a large grower based in Smiths Falls, Ontario, recently announced it would stop accepting new customers until it is able to meet current demand. The company also said it is raising its expected […]

Read More

Privateer Holdings Expects to Raise $50M

Privateer Holdings, one of the largest private equity firms in the cannabis industry, is reportedly set to raise more than $50 million in its latest round of fundraising. The firm expects to finalize the investments and close its Series B financing effort at the end of May, Privateer Chief Executive Officer Brendan Kennedy told Geekwire.com. […]

Read More