Search Results

Keywords: tilray

Canadian medical cannabis producer exports to Croatia

A Canadian medical marijuana producer is wagering on overseas markets, having received the green light from the nation’s health department to export products to Croatia. The Eastern European nation legalized MMJ last October. Tilray, which is owned by the canna-centric private equity firm Privateer in Seattle, hopes the venture is the first of many export deals […]

Read More

OpenVape Partnering With Dutch MJ Company

Colorado concentrate company OpenVape is teaming with Amsterdam’s Green House Seed Co. to collaborate on a new line of products. It’s the latest international partnership in the cannabis industry, and perhaps the first involving U.S. and European companies. OpenVape and Green House will develop a dual brand of cannabis vaporizer cartridges, the companies said in a […]

Read More

The Brand Builder

Soft-spoken, clean-cut and often donning a crisp shirt, tie and suit, Brendan Kennedy doesn’t exactly scream rebel.

But the 43-year-old co-founder and CEO of Privateer Holdings could be considered somewhat of a rule-breaker, at least inside his company.

Read More

Cannabis Oils Hit Canada’s Medical Marijuana Market

By Omar Sacirbey An Ontario-based medical marijuana producer has started selling cannabis oils to Canadian patients, becoming the first business to take advantage of a groundbreaking change to the country’s MMJ program. Peace Naturals Project, one of 25 licensed medical cannabis producers in Canada, received approval from the country’s health agency in July to begin producing the oils.

Read More

Privateer CEO: U.S. marijuana legalization coming in 2-3 years

Brendan Kennedy, the CEO of Seattle-based private equity firm Privateer Holdings, predicted at an Ireland tech summit this week that marijuana will be legalized at the federal level in the U.S. in two or three years. There is some discrepancy on the timeline, since USA Today quoted Kennedy as estimating that legalization will occur “within the next […]

Read More

Canadian MMJ Producers Poised to Release Oils, Extracts

Several of Canada’s premier medical marijuana producers are ready to start selling oils and extracts, pending formal approval by the federal government. The move to broaden Canadian MMJ offerings came just this past summer, after Health Canada – which oversees the marijuana industry – issued a clarifying order that cannabis producers are allowed to manufacture […]

Read More

Uruguay picks two marijuana cultivators

The first nation to legalize recreational marijuana has selected a pair of companies to grow and produce cannabis that will eventually be sold at state-owned pharmacies. Simbiosys SA, which is backed by Uruguayan and Argentinian investors, and Iccorp won the two licenses over nine other competitors, according to Bloomberg. Simbiosys’ investors may put as much […]

Read More

Illegal Dispensaries Hurting Canada’s Licensed Producers

The CEO of Tilray, a licensed medical cannabis producer in Canada, says the failure of Vancouver to regulate unlicensed dispensaries is negatively affecting the company’s business results. Greg Engel said the proliferation of federally illegal dispensaries in British Columbia “has been a challenge,” according to a report in the Georgia Straight. Only 7% of the […]

Read More

Canada’s Changing MMJ Landscape Creating Opportunities, Headwinds for Businesses

By Tony C. Dreibus Canada’s medical marijuana industry is undergoing a sizable shift on several fronts, creating both opportunities and difficulties for business owners. A ruling by the country’s top court has opened the door for the sale of cannabis oils, giving licensed producers a new avenue to serve patients, boost revenues and expand the […]

Read More

Raising Money in the Cannabis Industry: Q&A With Brendan Kennedy of Privateer Holdings

By Tony C. Dreibus Privateer Holdings made waves earlier this year when it closed on a $75 million round of financing, the largest infusion of cash into a cannabis-focused private equity firm in the marijuana industry’s short history. What’s more, a major mainstream investor contributed to the round: Paypal co-founder Peter Thiel. The financing windfall […]

Read More