Maricann Group announced a double-dose of positive news this week. The Toronto medical marijuana producer and distributor (Canadian Securities Exchange: MARI) said it agreed to purchase biotech company NanoLeaf Technologies for 38.5 million Canadian dollars ($30 million). Maricann also secured up to CA$35 million in funding through a private placement of convertible debt. Under the acquisition, […]Read More
By Matt Lamers
Canadian medical cannabis exports are surging, driven by licensed producers that are using overseas shipments as a way to establish local partnerships and gain a foothold in foreign markets.
In particular, exports of dried medical marijuana and MMJ oil products from Canada have soared since 2015.Read More
By Matt Lamers
Canadian medical marijuana companies are primed to tap what one industry executive calls “insane” growth overseas.
Flush with capital and largely free from American competition, Canadian licensed producers are spreading their wings to gain a first-mover advantage in new markets as more countries legalize marijuana for medical use.Read More
MedReleaf has joined a growing list of Canadian licensed producers exporting medicinal flower and oil products overseas. The Markham, Ontario-based company on Tuesday said it completed the first-ever shipment of medical cannabis oil to Brazil. It was also the first cannabis-based drug export for MedReleaf, which lists as LEAF on the Toronto Stock Exchange. While the transaction […]Read More
Canadian marijuana companies continue to expand their reach beyond their nation’s borders. LGC Capital, a Canadian investment firm, has partnered with AfriAg to cultivate and distribute medical and recreational marijuana across the southern region of Africa, according to a news release. The long-range goal for LGC – which lists as QBA on the TSX Venture Exchange – […]Read More
Spurred by more incidents of pesticide-tainted medical marijuana, Health Canada is demanding that the country’s federally licensed MMJ producers test their products for unauthorized pesticides. The federal agency, which oversees Canada’s MMJ industry, said plants from two producers – Peace Naturals in Ontario and Hydropothecary in Quebec – recently tested positive for myclobutanil. Regulators said in […]Read More
CanniMed Therapeutics, a Canadian federally licensed medical marijuana producer, said it delivered the first commercial shipment of cannabis oil to Australia and has received an additional order for more product.
Canadian MMJ companies increasingly have been tapping the export market. And CanniMed is among those targeting Australia’s emerging medical cannabis market. Tilray – another Canadian MMJ cultivator – said Tuesday it had completed its first bulk medical cannabis export to Australia.Read More
A major Canadian medical marijuana cultivation company changed CEOs, two days after announcing it could not find the source of the pesticide contamination that forced it to recall tainted cannabis and revamp its operating procedures. It’s the second case of CEO turnover at a Canadian MMJ grower linked to contaminated medical cannabis. OrganiGram, a federally licensed […]Read More
Five Questions With Privateer Holdings CEO Brendan Kennedy by Bart Schaneman Brendan Kennedy knows the ins and outs of marijuana investment. The CEO of Seattle-based Privateer Holdings holds the reins of an influential private equity firm that recently raised $122 million to invest in marijuana businesses. In doing so, Privateer became the first cannabis-centric investment […]Read More
Peru could become the latest country to legalize medical cannabis if a bill proposed by the nation’s president is approved by the legislature. President Pedro Pablo Kuczynski decided to back the move after a raid in the capital city of Lima unveiled a group of parents growing cannabis so they could produce oils with which to […]Read More
By Omar Sacirbey The Green Solution, a large retail marijuana chain in Colorado, wanted a foothold in Canada’s expected recreational cannabis market. Organigram, among the growing number of federally licensed Canadian growers, needed know-how and a name. And so was born a partnership indicative of the growing synergy between the U.S. and Canadian cannabis industries.Read More
An Israel-based company that specializes in quality-control testing equipment and standards for medical cannabis is using a newly raised $1 million in investment capital to expand its business operations into the North American market, the latest indication the marijuana industry is quickly going global. The firm, Cannabi-Tech Ltd., did not specify in a press release […]Read More