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Canada’s Maricann buys biotech firm, raises CA$35M to up capacity

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, […]

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MedReleaf joins ranks of Canadian medical marijuana exporters

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 […]

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Canadian firm strikes deal to cultivate MJ in southern Africa

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 – […]

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Canada: Producers must test medical cannabis for pesticides

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 […]

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Australia receives first marijuana oil imports

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.

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Canadian grower switches CEOs after tainted MMJ recall

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 […]

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Insights From a Cannabis Investment Heavyweight

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 […]

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Peruvian government seeks to legalize medical cannabis

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 […]

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Breaking down borders: The rise of US-Canada cannabis partnerships

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.

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Israeli MMJ lab company expanding to North America

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 […]

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