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 […]Read More
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 […]Read More
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.Read More
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.Read More
By Matt Lamers Canadian medical marijuana will ultimately be available in most of Germany’s 20,200 pharmacies, thanks to two notable deals reached this week by major licensed MMJ producers.Read More
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 […]Read More
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.Read More
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 […]Read More
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.Read More
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.Read More
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 […]Read More
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 […]Read More
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- SciPhy Systems & Artisan Industries Inc. announce the ARTISAN X-SR200: The next generation of solvent recovery systems for industrial hemp processingJanuary 14, 2021December 9, 2020November 16, 2020
- October 15, 2020Burns & Levinson hosts fourth annual state of the cannabis industry conference virtually on October 29, 2020October 14, 2020October 12, 2020
- September 22, 2020September 17, 2020September 11, 2020September 10, 2020
- January 22, 2021January 21, 2021January 21, 2021January 19, 2021
- January 19, 2021January 19, 2021January 19, 2021January 18, 2021January 15, 2021
- January 14, 2021January 13, 2021January 13, 2021
- January 22, 2021January 22, 2021January 22, 2021January 21, 2021January 21, 2021
- January 20, 2021January 18, 2021January 14, 2021January 13, 2021January 12, 2021
- January 12, 2021January 7, 2021