aurora cannabis
Canada’s discount cannabis segment heats up with competing value brands
High prices were a regular consumer complaint when Canada legalized recreational cannabis in October 2018.
Aurora Cannabis to close five facilities, lay off 700 staff as part of restructuring
Aurora Cannabis is shutting down five smaller production facilities and cutting roughly 700 employees as part of a corporate transformation plan over its next two quarters, with the goal of centralizing production and manufacturing at “larger-scale and highly efficient sites.”
Insurance-covered reimbursements for medical cannabis sets record in Germany
Insurance reimbursements for medical cannabis in Germany continue to reach fresh quarterly records, according to new data for the January-March period.
Hexo completes sale of cannabis greenhouse acquired from Newstrike
Hexo Corp. completed the sale of the Niagara, Ontario-based cultivation facility it acquired as part of a 263 million Canadian dollar ($193 million) deal to buy Newstrike Brands last year.
Canadian exports of medical cannabis oil jumped fivefold in 2019
Canadian-produced medical cannabis oil reached more international shores than ever last year as businesses look to leverage their first-mover advantage in new overseas markets.
Canada exported record amount of dried cannabis in 2019, but mostly to one market
Canadian businesses exported more dried medical cannabis than ever last year, but that growth is expected to be challenged when the country’s main export destination – Germany – initiates local production later this year.