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Keywords: tilray

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

November 6, 2015 · Updated October 18, 2016

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 […]

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Canadian MMJ Producers Poised to Release Oils, Extracts

October 8, 2015

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 […]

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Uruguay picks two marijuana cultivators

October 7, 2015 · Updated October 28, 2016

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 […]

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Illegal Dispensaries Hurting Canada’s Licensed Producers

August 13, 2015

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 […]

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

July 15, 2015 · Updated February 21, 2019

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 […]

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

July 1, 2015 · Updated July 2, 2015

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 […]

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Experts: Canada must develop regulations on cannabis edibles, extracts quickly

June 17, 2015 · Updated June 23, 2020

By Tony C. Dreibus Canadian officials must craft rules on infused products quickly to ensure patients buy from federally licensed cannabis companies instead of illegal dispensaries or the black market, industry experts said. The Supreme Court of Canada last week struck down a provision in the country’s medical marijuana law that restricted cannabis production,

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43 Companies Vying for New York MMJ Licenses

June 10, 2015

The final tally is in: 43 companies, including several from outside of New York, turned in applications for the five medical marijuana business licenses the state will award next month. View the entire list of applicants here. Two of the most prominent names included on the list are Tilray New York and Mindful Medical New […]

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Canadian Cultivator Seeks Ban on ‘Kickbacks’ to Physicians

June 3, 2015

Canada-based medical cannabis producer Tilray has left the country’s main industry lobbying group and wants to see a code of ethics developed to outlaw compensation to physicians, saying it’s been approached by clinics asking for payment in exchange for patient referrals. Other Canadian growers also have said they’ve  experienced a similar situation, as doctors are […]

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Privateer Closes Record $75 Million Financing Round

April 7, 2015 · Updated June 18, 2020

It’s official: Privateer Holdings has closed on its $75 million round of financing, capitalizing on a recent rush of investments in the cannabis industry. The private equity firm – which owns the strain review site Leafly, the Canadian medical marijuana producer Tilray, and the cannabis brand Marley Natural – plans to use the money to […]

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Ups and Downs in the Canadian MMJ Industry

March 26, 2015 · Updated March 27, 2015

By Tony C. Dreibus New regulations in Canada designed to improve access to higher quality medical cannabis have shaken up the market. The rules have left some patients with few options to purchase and consume their medication, leading to several lawsuits. Meanwhile, the licensed cultivators and sellers who are now responsible for supplying safe, tested […]

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