aurora cannabis

Deal reached to sell TGOD’s Quebec cannabis greenhouse at CA$200M loss

Canadian cannabis company The Green Organic Dutchman Holdings (TGOD) entered into an agreement to sell its greenhouse in Salaberry-de-Valleyfield, Quebec, for substantially less than the project’s total cost. The Mississauga, Ontario-headquartered company has agreed to sell the greenhouse for 27 million Canadian dollars ($22.2 million) to another cannabis producer, Cannara Biotech, the companies jointly announced. TGOD […]

Read More

Denmark to make cannabis cultivation law permanent, extend struggling medical scheme

Denmark’s trial scheme for medical cannabis will be extended beyond the end of 2021, when the temporary program had been set to expire, the country’s Ministry of Health announced Tuesday. The trial gives doctors the ability to prescribe cannabis to patients and appropriately licensed businesses the ability to grow and ship medical marijuana. A majority […]

Read More

Aurora Cannabis shares make debut on Nasdaq after firm departs NYSE

Edmonton, Alberta-based Aurora Cannabis has left the New York Stock Exchange (NYSE) and followed some of its Canadian competitors onto the Nasdaq Global Select Market. Aurora, which lost 1.4 billion Canadian dollars ($1.2 billion) through nine months of its fiscal year, swapped one exchange for the other because the Nasdaq generally has lower ongoing listing […]

Read More

Growth in Canadian outdoor cannabis grow licenses continues despite high-profile exits

More and more Canadian cannabis growers have taken to the great outdoors over the past year, seeking fresh air and sunshine for their crops despite some high-profile pullbacks from open-air cultivation. Figures provided by federal cannabis regulator Health Canada now show at least 110 outdoor marijuana cultivation licensees across the country, up from 42 a […]

Read More

Canada’s Aurora Cannabis files $1 billion shelf prospectus

Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. The cash raise will give Aurora “maximum flexibility to pursue strategic initiatives, which may include acquisitions or partnerships pursuant to the company’s previously stated global growth strategy,” Aurora said in a news release […]

Read More

Canada extends wage subsidy popular with cannabis producers

Canada’s government is extending a pandemic-related wage-subsidy program that has been tapped by more than a dozen federally regulated cannabis producers. The Canada Emergency Wage Subsidy (CEWS) program, which subsidizes wages for employers that have lost revenue because of the COVID-19 crisis, was set to expire March 13. The program has been extended to June […]

Read More

Canadian pension fund unloads some cannabis shares, adds Aphria

A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission. Public Sector Pension Investment Board (PSP) filings show that the pension manager did not shy away from adding […]

Read More

Aurora says its Danish cannabis has reached German pharmacies

A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone that was years in the making. The German distribution comes before the products have been cleared by authorities for sale in Denmark, where the medicine is produced. It’s the […]

Read More