aurora cannabis

Executive exodus continues in cannabis boardrooms with Sundial CEO’s resignation

Turnover inside the boardrooms of Canadian cannabis producers shows no sign of slowing. Cannabis producer Sundial Growers said Thursday that Torsten Kuenzlen stepped down as a director and CEO “to pursue other interests.” His departure is effective immediately. Kuenzlen joined the Calgary, Alberta-based company to much fanfare – and high expectations – in 2018. However, Sundial’s stock has […]

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Aurora Cannabis offshoot Australis Capital announces CFO departure

Australis Capital, an investment group that spun off from Canada’s Aurora Cannabis, announced the departure of Chief Financial Officer Michael Carlotti. In a brief news release issued after market close on Jan. 17, Las Vegas-based Australis said Carlotti’s employment had been “terminated” effective Jan. 16. The company gave no explanation for the move. Alex Han will […]

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Product supply interruptions hit German medical cannabis market, but government dismisses risk of shortages

Supply disruptions are rippling through Germany’s growing medical cannabis market, but the country’s federal government says there are no signs at the moment of widespread product shortages. In response to a recent parliamentary inquiry, the government noted that pharmacies that sell medical cannabis have access to a variety of distributors beyond some companies whose products […]

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Top 10 global cannabis stories of 2019: WHO backs rescheduling, Linton out at Canopy, Canadian firms eye US & more

Cannabis markets in Canada and elsewhere in the world went on a roller-coaster ride in 2019, as irrational expectations gave way to more realistic market assessments. Global medical marijuana markets, corporations and top executives experienced breakthroughs and setbacks this past year. That’s the gist of the 10 most widely read business stories carried by Marijuana Business Daily […]

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Aurora Cannabis products unavailable in Germany until further notice

Aurora Cannabis’ medical marijuana products are temporarily unavailable in Germany pending a review by health authorities of “a proprietary step” in the Alberta company’s production process, a spokesperson confirmed to Marijuana Business Daily. MJBizDaily corroborated the products’ unavailability with several German pharmacies “until further notice.” According to the pharmacies, the reason is related to a […]

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British Columbia chamber lobbies province over craft cannabis cultivation

The Chamber of Commerce in British Columbia wants the province to adopt policies encouraging craft cannabis businesses to join the regulated market, including allowing proprietors to keep their doors open during the transition into the legal fold. The proposals were among a number of policies the chamber asked Public Safety Minister Mike Farnworth to consider during […]

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What businesses need to know about exporting irradiated medical cannabis to Germany

By now, everyone knows that to export medical cannabis to Germany, which is by far the largest importer of medical cannabis flower in the world, achieving European Union Good Manufacturing Practice (GMP) is a prerequisite. But beyond getting that certification, certain quality requirements could have huge implications if they are not considered and integrated into a business’ […]

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Canadian cannabis group appeals to Trudeau to help fix industry challenges

An industry group representing Canada’s biggest cannabis companies is appealing to Prime Minister Justin Trudeau to help address some of the industry’s most persistent challenges. In a letter sent to Trudeau on Nov. 9 and made public Thursday night, the Cannabis Council of Canada highlighted a number of areas in need of improvement, including a […]

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Aurora Cannabis ceases construction at Alberta, Denmark facilities as losses widen

Aurora Cannabis is ceasing construction at its large second-phase facility in Denmark and deferring most of the final construction at its Aurora Sun facility in Medicine Hat, Alberta, as the company’s losses widened substantially in the quarter. The moves would save Aurora a combined 190 million Canadian dollars ($143 million) in the coming year. Aurora said the […]

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