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Aurora Cannabis selling huge Ontario greenhouse for half of asking price
Aurora Cannabis, deep in the red, accepted an offer for its large greenhouse in Exeter, Ontario for what appears to be approximately half of its 17 million Canadian dollar ($12.1…
News May 15
Marijuana firms aim to leverage ‘essential business’ status amid COVID-19 economic slide
Cannabis businesses declared essential during the coronavirus outbreak are hoping to leverage newly allowed flexibility such as curbside pickup and home delivery into permanent ways of doing business.
News May 15
California governor delays proposed cannabis regulatory changes
The coronavirus has further derailed systemic reforms to the California regulatory agencies that oversee the state’s marijuana industry under a revised state budget plan. In the budget proposal released Thursday,…
News May 14
Aurora Cannabis trims loss to CA$137M, says CEO search on track
Aurora Cannabis improved its net loss to 137 million Canadian dollars ($97 million) in its third quarter, a significant improvement over the company’s CA$1.3 billion net loss in the previous three-month period.…
News May 14
Marijuana REIT invests $17.5 million in sale-leaseback deal
Innovative Industrial Properties (IIP), a real estate investment trust based in San Diego that specializes in sale-leaseback deals in the marijuana industry, spent $17.5 million to do such a transaction near…
News May 14
California cannabis regulators defer business license renewal fees
California’s three licensing authorities will all begin immediately deferring business license renewal fees for marijuana companies as part of the state’s coronavirus response, the agencies said in a joint news release.…
News May 14
Hexo received NYSE warning in early April over low stock price
Hexo is the latest Canadian cannabis producer to run afoul of the New York Stock Exchange's continued listing standards because of a low stock price.
News May 14
COVID-19 delays mandatory pesticide testing for Washington state recreational cannabis
The coronavirus pandemic has scuttled government efforts in Washington state to require pesticide testing for recreational marijuana, dealing a setback to an idea that has been kicked around for several…
News May 14
England’s medical cannabis market shows little growth as of early 2020
England's medical cannabis market has barely gotten off the ground since launching about 19 months ago, with a two-tier system in which few patients access products through legal channels while most resort…
News May 14
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