Cronos Group

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 […]

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Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments – including convertible bonds, debentures and term loans – through August.

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Canopy signs cannabis seed deal with Spanish pharma company

Canopy Growth will supply medical marijuana seeds to the Spanish pharmaceutical company Alcaliber, becoming the latest licensed Canadian producer to expand its footprint in Europe. Alcaliber will use the seeds to grow and export medical cannabis from its facilities in Spain. The seeds will be provided through a supply deal involving Smiths Falls, Ontario-based Canopy and […]

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Manitoba First Nation takes stake in medical cannabis company

A Manitoba First Nation is making a major investment in a Canadian company that operates medical cannabis clinics, adding itself to a growing list of indigenous communities getting involved in the MMJ sector. The Opaskwayak Cree Nation, located 530 kilometers (329 miles) northwest of Winnipeg, Manitoba, has purchased 3 million Canadian dollars ($2.5 million) worth […]

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Canada’s Cronos dips toes in Caribbean medical cannabis market

Cronos Group is exporting medical marijuana oil to the Cayman Islands, making it the second Canadian MMJ producer to ship the product to the Caribbean island. CEO Mike Gorenstein described the sale – the company’s first to the Caribbean – as a “trial run” before larger shipments are sent. “We absolutely expect this to be a […]

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Canada’s Cronos secures $32M for big indoor marijuana facility

Cronos Group secured 40 million Canadian dollars ($32 million) for the continued construction of its 315,000-square-foot new Peace facility in Stayner, Ontario, which it says is the largest purpose-built indoor cannabis production facility in the world. Cronos, based in Toronto and traded on the TSX Venture Exchange, entered into a commitment letter for CA$40 million […]

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Medical marijuana companies in Canada capitalizing on ‘insane’ growth abroad

By Matt Lamers

Canadian medical marijuana companies are primed to tap what one industry executive calls “insane” growth overseas.

Flush with capital and largely free from American competition, Canadian licensed producers are spreading their wings to gain a first-mover advantage in new markets as more countries legalize marijuana for medical use.

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