Canopy Growth

Canopy increases global reach into Jamaican medical cannabis market

Canopy Growth signed a strategic partnership with Grow House JA to expand its medical marijuana scope into Jamaica, where construction of a new production facility is already under way. Canopy, traded on the Toronto Stock Exchange as WEED, holds a 49% stake in the Jamaican enterprise, which will operate as Tweed Limited JA. Canopy didn’t immediately […]

Read More

Canopy expands to BC with plans for large marijuana greenhouse

Canopy Growth has formed a joint venture to develop a 1.3-million-square-foot marijuana greenhouse in British Columbia. The agreement, announced in a news release, nearly doubles the Ontario company’s total greenhouse and indoor production footprint to 3.2 million square feet across six provinces. Canopy – Canada’s largest licensed medical marijuana producer, with a market capitalization of 2.2 […]

Read More

Provincial Preview: Ontario is Canada’s multibillion-dollar legal marijuana hub

By Matt Lamers

One year ahead of adult-use legalization, Ontario has become the hub of Canada’s production, finance and ancillary cannabis industries.

Large licensed producers dominate the province’s marijuana sector. Opportunities for entrepreneurs will be less widespread, but are expected to be available in ancillary businesses such as security, greenhouse supplies and accounting.

Read More

Canadian firm planning massive MMJ greenhouse in Australia

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

Canopy Growth moves into Danish medical cannabis market

Canopy Growth signed a strategic partnership to expand into Denmark and will invest 10 million Canadian dollars ($8.12 million) in the joint venture, continuing the flurry of activity in Europe by Canadian marijuana companies. Canopy Growth will form a joint venture with Danish Cannabis ApS, to be called Spectrum Denmark, to serve the needs of Danish medical […]

Read More

Aurora starts ‘regular’ shipments of medical marijuana to Germany

Aurora Cannabis sent its first shipment of medical marijuana to Germany, a market with so much growth potential that Canadian licensed producers have been racing to gain a toehold there. Monday’s shipment of 50 kilograms (110 pounds) of dried cannabis to Berlin-based Pedanios represents “a critical step” in Aurora’s international expansion strategy and provides a gateway to […]

Read More

In ‘historic’ deal, New Brunswick to buy CA$100 million of cannabis

New Brunswick entered into separate agreements with two of Canada’s largest licensed producers to buy 9,000 kilograms of cannabis per year worth 100 million Canadian dollars ($82 million) to meet demand for its recreational market when adult-use marijuana is legalized next summer. The groundbreaking deals could be a harbinger of things to come for Canadian […]

Read More

Canopy inks MMJ supply deal with Australia’s AusCann

Canada’s largest licensed cannabis producer continued its aggressive drive overseas by signing a deal to be the exclusive supplier of medical marijuana for Australia’s AusCann Group Holdings Ltd. Canopy earlier agreed to take a 15% ownership stake in the Perth-based company, which is a cultivator, manufacturer and supplier of Australian-produced medical marijuana. Smiths Falls-based Canopy […]

Read More