Canopy shakes up management after reporting weak marijuana sales

Struggling Canadian marijuana giant Canopy Growth is shaking up its senior management team only weeks after notifying shareholders it no longer expects to be profitable this year.

Canadian marijuana industry employment tumbled as producers drew federal COVID-19 cash, analysis shows

Thousands of Canadian marijuana industry workers have lost or left their jobs since early 2020, even as their employers received more than $140 million Canadian dollars ($112 million) in federal subsidies to retain or rehire employees amid the pandemic, an MJBizDaily analysis has found.

Village Farms buys Quebec cannabis producer for CA$46.7 million

Village Farms International bought a majority stake in Quebec-based licensed cannabis producer and distributor Rose LifeScience, fulfilling the Florida-heaquartered company’s pledge to gain a foothold in Canada’s second-biggest marijuana market by population.

How cannabis retailer High Tide plans to leverage ‘discount club’ model: Q&A with CEO Raj Grover

In Canada’s hypercompetitive cannabis retail sector, stores are looking for ways to differentiate and build a base of loyal customers.

Calgary, Alberta-based High Tide believes it has found an answer – at least in part.

Pure Sunfarms sees steady growth in Canadian cannabis sales, profit

Licensed cannabis producer Pure Sunfarms reported a growing profit for its July-September quarter on the back of organic sales growth in its key markets of Ontario, Alberta and British Columbia.

Canopy reports growing cannabis loss, no longer expects profitable 2021

Canopy Growth Corp. says it no longer expects to be profitable this year, citing supply and market share challenges in its home country of Canada.

Organigram doubled Canadian cannabis market share since January

Moncton, New Brunswick-based Organigram Holdings is growing its share of cannabis for Canada’s legal market, the company said in a corporate update on Monday, while most other large licensed producers are seeing their share decline.

‘Wunderkind’ CEO of Neptune cannabis firm granted CA$69 million in compensation over 2 years

Neptune Wellness Solutions, a Quebec-based health and wellness company involved in the cannabis industry, paid CEO Michael Cammarata almost 70 million Canadian dollars ($56.7 million) in mostly noncash compensation in the past two fiscal years, according to regulatory filings with the U.S. Securities and Exchange Commission.

Canada’s Canopy agrees to pay $297 million for right to buy US marijuana edibles maker Wana

Canopy Growth has struck a deal to buy leading U.S. edibles maker Wana Brands for $297.5 million in the latest wager by a large Canadian producer that the United States will eventually legalize marijuana.

Canadian cannabis producers speed entry into US via high-stakes wagers

Canadian cannabis companies have picked up the pace to position themselves in the fast-growing markets south of the border – with a number of the deals essentially a wager that the United States will soon legalize marijuana.

How to build a profitable cannabis business – and critique rivals: Q&A with Village Farms CEO Michael DeGiglio

Only one large-scale cannabis producer in Canada has established a leading market position without accumulating steep losses and significant spending on mergers and acquisition: Pure Sunfarms.