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Can South Africa challenge Canada for global cannabis export dominance?
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Aurora Cannabis raising $125 million with eye on reducing debt
Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include "opportunistically reducing debt," the Alberta company announced.
News January 22
First Big Tobacco marijuana player exits marijuana, hemp after bankruptcy
The first Big Tobacco company to make a foray into the marijuana and hemp industries is exiting both sectors in a bid to shore up its bottom line.
News January 22
Pyxus International divesting Canadian cannabis subsidiaries
U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and "focus on its more profitable tobacco and e-liquid businesses."
News January 22
Canadian cannabis sales slip in most provinces in November
November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada.…
News January 22
Cannabis sales records smashed or set in 2020, and insiders expect the gains to continue
The COVID-19 outbreak that began about a year ago has proved devastating for many mainstream industries – including airlines and restaurants, for starters – but for those in the cannabis…
News January 22
Latest Canadian cannabis recalls include melting vape pens, moldy bud
Canadian cannabis products recalled in January include defective all-in-one vape pens from Hexo Corp. as well as moldy marijuana from Saskatchewan processor AgroGreens Natural Products and mislabeled bud from Manitoba’s…
News January 21
Cannabis MSO Verano announces $100M subscription receipt financing
Multistate cannabis operator Verano Holdings raised $100 million in subscription receipt financing in connection with a reverse-takeover deal that will see the company go public on the Canadian Securities Exchange.
News January 21
Keegan Peterson, founder/CEO of marijuana tech firm Wurk, dies at 33
Marijuana industry executive Keegan Peterson, who founded Denver HR tech company Wurk, has died at 33.
News January 21
Czech medical cannabis sales surge, but market remains small
The Czech market for medical cannabis flower quadrupled last year compared to 2019, according to data published by the State Agency for Medical Cannabis. However, the market remains very small.
News January 21
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