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Canadian producer Tilray expands its cannabis export market

Tilray, a major licensed Canadian medical marijuana producer, expanded its international reach with recent MMJ exports to Cyprus and Chile. Tilray, which is owned by Seattle-based Privateer, said its shipment to Cyprus consisted of Tilray drops, a medical cannabis extract product. Tilray’s agreement with Chile calls for its MMJ products to initially be sold through pharmacies in […]

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Tilray to export medical cannabis to New Zealand 

Tilray, a federally licensed cultivation company based in Nainamo, Canada, will begin exporting medical cannabis to New Zealand before the end of February. It’s the latest overseas deal for Tilray, which is owned by Seattle-based private equity firm Privateer Holdings. Both the Canadian and New Zealand governments have approved the MMJ exports, Tilray announced in […]

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Tilray to begin exporting MMJ from Canada to Chile

One of Canada’s 38 licensed medical cannabis producers said it will begin exporting MMJ products to Chile starting this month. Tilray, a subsidiary of Seattle-based Privateer Holdings, is teaming up with Alef Biotechnology SpA on the export deal, according to a news release. Based in Nanaimo, British Columbia, Tilray estimates the potential MMJ patient base in […]

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Canadian Cultivator Tilray to Lay Off 61 Employees

Canadian medical marijuana producer and distributor Tilray said it will lay off 61 employees as the company changes up its operating model. The move comes about a year after Tilary opened its cultivation facility in the town of Nanaimo and a day after two of its competitors announced they are merging to create a powerhouse […]

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Medical cannabis grown in Germany available for first time

German-grown medical cannabis is available for purchase and sale by local pharmacies for the first time, the Federal Institute for Drugs and Medical Devices (BfArM) announced late Wednesday. Pharmacies can use the portal by Cansativa GmbH to purchase medical marijuana from one of three contracted cultivators, two of which are subsidiaries of Canadian producers Aurora […]

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Canadian cannabis firm Aphria gave CEO $8.1 million to become full-time employee

Canadian cannabis producer Aphria gave then-CEO Irwin Simon a cash and stock compensation package worth $8.1 million (10.5 million Canadian dollars) early last year to change his employment status from independent contractor to full-time employee. The compensation disclosure received little attention when it was released in May by Tilray after the Aphria-Tilray merger closed. Simon […]

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Aurora Cannabis shares make debut on Nasdaq after firm departs NYSE

Edmonton, Alberta-based Aurora Cannabis has left the New York Stock Exchange (NYSE) and followed some of its Canadian competitors onto the Nasdaq Global Select Market. Aurora, which lost 1.4 billion Canadian dollars ($1.2 billion) through nine months of its fiscal year, swapped one exchange for the other because the Nasdaq generally has lower ongoing listing […]

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Marijuana producer Pure Sunfarms reports small quarterly sales growth

Canadian marijuana producer Pure Sunfarms reported a small increase in net sales in the January-March quarter compared to the preceding three months, bucking an industry trend in which most large licensed producers lost momentum in the early part of this year. British Columbia-based Pure Sunfarms, a wholly owned subsidiary of Village Farms International, booked net […]

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