aurora cannabis

Aurora to raise additional CA$100M for domestic, global growth

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

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Aurora offers nearly CA$550M for rival as CanniMed seeks Newstrike

Merger mania is sweeping through Canada’s medical marijuana industry. Aurora Cannabis offered to acquire rival producer CanniMed Therapeutics for 544 million Canadian dollars ($425 million) in stock, a deal that would be the largest acquisition to date in the North American marijuana industry. If completed, the merger would create a global marijuana leader and could spark […]

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Canada awaits hemp boom, with companies pivoting to capitalize on CBD

Excitement about hemp’s market potential is white-hot in Canada, where hemp production already overwhelms the United States and changing regulations could unleash a huge new market for CBD products. Company after company in Canada is gambling that the government will soon dramatically expand how the nation’s 120,000 acres of hemp can be used.

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Provincial Preview: Will ‘Alberta advantage’ pay off for marijuana producers, other MJ businesses?

By Matt Lamers

Alberta might be one of Canada’s hottest cannabis markets after recreational sales are legalized next year, and “the Alberta advantage” puts the province’s cultivators – and possibly edibles makers and retailers – in a position to capitalize.

Industry executives say “The Alberta advantage” boils down to people, cheap power and sunshine.

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Aurora Cannabis strikes stock deal to raise CA$60 million

Aurora Cannabis reached a stock-purchase deal to raise another 60 million Canadian dollars ($50 million) to fund its domestic and international expansion initiatives, bringing its new financing so far this year to CA$264.1 million. Aurora – based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB – said in a news release that […]

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Alberta’s rec cannabis blueprint leaves door open to private retailers, MJ clubs and lounges

By Matt Lamers

Alberta’s proposed framework to regulate marijuana leaves open the possibility private companies could sell adult-use products, a move that would be a boon for businesses wanting to participate in the province’s retail sector.

The provincial government also signaled it is open to marijuana cafes and lounges, which would provide more opportunities for entrepreneurs.

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Canadian firm planning massive MMJ greenhouse in Australia

PUF Ventures plans to build a 1-million-square-foot medical marijuana greenhouse in Australia that could eventually generate about 1 billion Canadian dollars ($850 million) annually, according to a news release from the company. The company – based in Vancouver, British Columbia, and traded as PUF on the Canadian Securities Exchange – said the phased build-out will have […]

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Canada could add 150,000 cannabis jobs – some with salaries nearing six digits

By Matt Lamers Canada’s medical marijuana sector is continuing its blistering pace of growth, bringing with it more jobs and higher, more competitive salaries. The industry could add another 150,000 jobs over the next couple of years, according to one estimate, and a recent survey showed that salaries are more mainstream than ever.

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Canadian execs: What you need to know before taking your cannabis business global

By Matt Lamers

There’s no denying the massive potential of the global medical marijuana market: A recent report pegged it at 180 billion Canadian dollars ($142 billion) over the next 15 years.

But going overseas is fraught with pitfalls, barriers and red tape. Canadian MMJ businesses, however, are export pioneers and can offer valuable guidance.

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Canadian cannabis stocks take hit after report

Shares of the five licensed cannabis companies that trade on the the Toronto Stock Exchange were down Friday after reports surfaced that it could become harder for investors to deal in the shares of Canadian marijuana firms with U.S. assets. According to the Globe and Mail, Canadian Depository for Securities (CDS) – a clearinghouse owned by the […]

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Canadian cannabis grower to trade on Toronto Stock Exchange

Aurora Cannabis Inc. will become the fifth marijuana company on the Toronto Stock Exchange when its shares begin trading there Monday, the latest sign that Canadian MJ businesses are joining the mainstream. Vancouver-based Aurora joins Aphria, Canopy Growth, CanniMed Therapeutics and MedReleaf on the TSX, Canada’s largest exchange. The five companies have a combined market capitalization of over 4 […]

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