aurora cannabis

Competition grows in Germany’s medical cannabis extracts market

Canadian cannabis producer Tilray announced the availability of a new full-spectrum extract for Germany’s medical market, the company’s first product in that market offering a larger CBD concentration than THC. The product has 5 milligrams of THC per millilitre and 20 milligrams of CBD per millilitre. Tilray’s announcement didn’t disclose the size of the bottle. […]

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Aurora Cannabis unloading Alcanna stake for CA$110M less than it paid

Aurora Cannabis is disposing of another investment for a large loss. The Alberta company said it is unloading its 23% stake in Alcanna, one of the largest retailers of alcohol and cannabis in North America. Alcanna and Aurora entered into an agreement with a group of underwriters who agreed to purchase all the common shares […]

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Week in Review: MA adult-use cannabis stores reopening, High Times deal unravels, Acreage ‘reset’ & more

Massachusetts recreational marijuana retail stores will be allowed to reopen May 25, but sales will be limited to curbside pickup and online or telephone orders. MJBizDaily takeaway: This ends an expensive shutdown and a sore point for rec store operators in Massachusetts, who have seen counterparts across the country generally treated as essential businesses. Gov. Charlie […]

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Aurora Cannabis selling huge Ontario greenhouse for half of asking price

Aurora Cannabis, deep in the red, accepted an offer for its large greenhouse in Exeter, Ontario for what appears to be approximately half of its 17 million Canadian dollar ($12.1 million) listing price, and one-third of the original purchase price. The deal comes amid a broad retreat from some unlicensed and fully licensed cannabis greenhouses […]

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Aurora Cannabis trims loss to CA$137M, says CEO search on track

Aurora Cannabis improved its net loss to 137 million Canadian dollars ($97 million) in its third quarter, a significant improvement over the company’s CA$1.3 billion net loss in the previous three-month period. The Alberta cannabis producer’s adjusted EBITDA loss for the quarter ending March 31 was CA$45 million. The company maintains it is on track to be […]

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Hexo received NYSE warning in early April over low stock price

Hexo is the latest Canadian cannabis producer to run afoul of the New York Stock Exchange’s continued listing standards because of a low stock price. The Ontario-based company was warned by the NYSE last month that its shares, which have fallen below $1, do not meet the exchange’s listing standards. Hexo said it receiving the notification April 7 before notifying […]

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Talent database launched after Canada’s cannabis sector sheds 30% of workforce

A cannabis staffing agency in Toronto has launched a public database to connect displaced marijuana professionals with prospective employers. The initiative comes as struggling marijuana firms eliminated an estimated 2,700 positions in Canada over the past nine months – including 910 after the COVID-19 pandemic started – according to the Cannabis At Work employment agency. […]

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Why this successful Canadian brewer put cannabis beverage plans on ice

When Waterloo Brewing started laying the groundwork to enter the cannabis-infused beverage market, it touted a potential beverage segment in Canada worth upwards of 1.5 billion Canadian dollars ($1.07 billion). Now, more than two years later, one of Canada’s most successful craft brewers is shelving the plans. What happened? “When we got to the spot […]

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Deadline extended to apply for Germany’s cannabis distribution tender

The deadline to apply to be the distributor of domestically grown medical cannabis in Germany was extended from April 28 to May 26. The Federal Institute for Drugs and Medical Devices (BfArM) revealed the new deadline Tuesday. The document announcing the change did not provide a reason for the shift, but the current coronavirus pandemic […]

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Regulated cannabis businesses appeal to Ottawa for COVID-19 support

Canadian marijuana companies, seeking to overcome the economic fallout of the COVID-19 pandemic, are urging the federal government not to exclude them from economic measures offered to other businesses. The appeal was made in a letter sent by a group of 74 regulated cannabis companies and organizations to Finance Minister Bill Morneau and Navdeep Bains, […]

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