aurora cannabis

Funding flows to Canadian cannabis research projects

Join our Science Symposium, part of MJBizCon 2020, on Nov. 24, 2020 for more on genetics and production science. Despite the generally poor economic environment and the tight financing facing cannabis businesses, two cannabis innovation projects based in Canada have secured new funding. Hyasynth Biologicals—a six-year-old, Montreal-based biotechnology company that produces sustainable products through fermentation—announced […]

Read More

Aurora Cannabis reports quarterly loss amid restructuring push

Major Canadian marijuana producer Aurora Cannabis reported a slight quarterly revenue increase during its first fiscal quarter, despite an adjusted EBITDA loss of 57.9 million Canadian dollars ($44.7 million) as the company worked through its transition plan.

Read More

Aurora Cannabis looks to shore up finances with $500 million shelf offering

Aurora Cannabis, suffering from red ink, filed a preliminary short-form base shelf prospectus that will allow the licensed producer to raise up to $500 million over a 25-month period when finalized. The Edmonton, Alberta-based company filed the documentation with Canadian securities agencies and the U.S. Securities and Exchange Commission, according to a company news release. […]

Read More

Aurora Cannabis exits Australia’s Cann Group after $28M impairment charge

Alberta-based Aurora Cannabis sold off its stake in Australian medical marijuana company Cann Group, but the Canadian producer says it still sees promise in the Australian market. “We continue to see growth potential in this important market and will maintain active relationships with key distribution partners to enhance availability of Aurora’s portfolio of leading, high […]

Read More

Aurora Cannabis, billionaire Nelson Peltz ‘have concluded their relationship’

Aurora Cannabis and billionaire investor Nelson Peltz “have concluded their relationship,” a spokeswoman for the Alberta, Canada-based company confirmed to Marijuana Business Daily. Peltz’s resignation was announced in a news release Monday along with information about the company’s annual general meeting scheduled for Nov. 12. Peltz signed on as a strategic adviser in March 2019 […]

Read More

Week in Review: Nature’s huge toll on cannabis growers, Illinois social equity questions, legalization efforts & more

Wildfires in the West have devastated a number of marijuana farms in Oregon, Washington state and California, while an early freeze hit Colorado, threatening outdoor marijuana and hemp cultivation. MJBizDaily takeaway: It’s too early to attach a dollar figure to the damages, but costs will be in the millions. In Colorado, it’s likely the early […]

Read More

Macedonian medical cannabis could soon be available in Germany, Poland

PharmaCann Polska recently became the first company to obtain EU-Good Manufacturing Practice (EU-GMP) certification to produce medical cannabis extracts at its facility in North Macedonia, according to its CEO. That brings the Warsaw-headquartered company – along with its production facilities in North Macedonia – one step closer to being able to offer its medical cannabis […]

Read More