Search Results

Keywords: tilray

Layoffs at marijuana investment firm Privateer Holdings

Privateer Holdings, a marijuana-focused private equity company, has laid off a portion of its workforce, only weeks after its subsidiary Leafly cut 15 employees.

The Seattle-based cannabis investment firm did not reveal how many staffers were eliminated, according to GeekWire.

Read More

Adding tax to Canada’s MMJ draws ire of industry, patients

Licensed medical marijuana producers and patients groups are urging the Canadian government to reconsider its plan to impose an extra tax on MMJ. Ottawa wants to levy an excise tax on both recreational and medical marijuana. Groups such as Canadians for Fair Access to Medical Marijuana and Arthritis Society had been calling on the government to […]

Read More

Provincial Preview: Ontario is Canada’s multibillion-dollar legal marijuana hub

By Matt Lamers

One year ahead of adult-use legalization, Ontario has become the hub of Canada’s production, finance and ancillary cannabis industries.

Large licensed producers dominate the province’s marijuana sector. Opportunities for entrepreneurs will be less widespread, but are expected to be available in ancillary businesses such as security, greenhouse supplies and accounting.

Read More

Canadian marijuana producers form co-op to sell rec products

A dozen of Canada’s largest marijuana producers have come together to form the Canadian Cannabis Co-op and are offering to bankroll a “turn-key” retail network in Alberta to sell adult-use products alongside private retailers and government-run outlets. The group, which unveiled its plans in a news release, hopes to extend the initiative to other provinces. […]

Read More

Canopy Growth moves into Danish medical cannabis market

Canopy Growth signed a strategic partnership to expand into Denmark and will invest 10 million Canadian dollars ($8.12 million) in the joint venture, continuing the flurry of activity in Europe by Canadian marijuana companies. Canopy Growth will form a joint venture with Danish Cannabis ApS, to be called Spectrum Denmark, to serve the needs of Danish medical […]

Read More

Aurora starts ‘regular’ shipments of medical marijuana to Germany

Aurora Cannabis sent its first shipment of medical marijuana to Germany, a market with so much growth potential that Canadian licensed producers have been racing to gain a toehold there. Monday’s shipment of 50 kilograms (110 pounds) of dried cannabis to Berlin-based Pedanios represents “a critical step” in Aurora’s international expansion strategy and provides a gateway to […]

Read More

Canopy signs cannabis seed deal with Spanish pharma company

Canopy Growth will supply medical marijuana seeds to the Spanish pharmaceutical company Alcaliber, becoming the latest licensed Canadian producer to expand its footprint in Europe. Alcaliber will use the seeds to grow and export medical cannabis from its facilities in Spain. The seeds will be provided through a supply deal involving Smiths Falls, Ontario-based Canopy and […]

Read More

Privateer raises $58 million to boost marijuana expansion

Marijuana-centric private equity company Privateer Holdings – coming off a $122 million funding year – has increased its coffers with a significant raise of $58 million. The Seattle-based company’s recent Series B raise is a combination of equity and a convertible note, GeekWire reported. In 2016, Privateer became the first marijuana company to raise more […]

Read More