aurora cannabis

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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Germany launches application process for distribution of domestically produced cannabis flower

Germany is looking for a distributor to service the government’s cannabis agency. The winning company will be responsible for shipping all domestically produced medical cannabis flower to pharmacies. The requirements and awarding criteria for the post indicate that companies with experience distributing narcotic drugs – and those able to offer a low price for their […]

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More Canadian cannabis companies receive EU-GMP certifications

Two Canadian cannabis companies received EU-Good Manufacturing Practice (GMP) certification, an essential step to exporting medical marijuana to markets in the European Union. Brampton, Ontario-based producer Northern Green Canada received its EU-GMP certification March 4. On the same day, Eve & Co subsidiary Natural MedCo earned a certificate of EU-GMP compliance for its Strathroy, Ontario, […]

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German government doesn’t know how much cannabis sold in 2019, can’t estimate 2020 demand

The German federal government admitted that it doesn’t know how much medical cannabis was sold in the country in 2019. The government also cannot estimate demand for 2020. Lack of accurate official information can make it harder for businesses trying to plan their strategies in Europe’s most important medical marijuana market. It also can lead […]

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Approvals soar for outdoor cannabis cultivation in Canada, with 100-plus applicants in line

As a growing number of Canadian cannabis cultivators retreat from costly greenhouse expansions, more applicants than ever are readying lower-cost outdoor projects. The number of authorizations to cultivate marijuana outdoors doubled to 33 so far this year from last summer’s 17, according to new figures from Health Canada. Ten of those are micro-cultivators, meaning they’re […]

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Week in Review: Aurora CEO departs, Whoopi Goldberg leaves medical cannabis firm, NM allows MMJ business tax deductions & more

Aurora’s Terry Booth exits the company, a big-name celebrity leaves the namesake medical marijuana retailer she co-founded, a New Mexico court allows MMJ business tax deductions – and more of the week’s top cannabis business news. Another Canadian cannabis CEO departs Canadian multinational marijuana company Aurora Cannabis announced its chief executive stepped aside this week after […]

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Aurora to resume medical cannabis sales in Germany

Alberta, Canada-based Aurora Cannabis said Monday that it obtained the necessary permits to resume sales of medical marijuana in Germany. In November, Marijuana Business Daily reported that the company’s products were not available in Germany until further notice. According to Aurora, pharmacies can now start fulfilling orders from “inventory currently held in Germany.” Germany, the largest […]

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