organigram

Canadian cannabis companies ink deals for nearly CA$1B in funding in 10 days

Capital is pouring into the Canadian marijuana sector faster than ever, as companies prepare for the country’s anticipated adult-use legalization this summer and bulk up for international expansion. Through the first 10 days of 2018, companies closed on a variety of funding deals or announced financing plans worth at least 978 million Canadian dollars ($780 […]

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Organigram plans to increase marijuana production via CA$73 million raise

The largest producer of medical marijuana on Canada’s East Coast said it signed three separate deals to secure roughly 73 million Canadian dollars ($57 million), with much of the funding going to boost its production capacity. Organigram said in a news release it sealed a stock-purchase deal to raise CA$57.5 million in capital. Eighty percent of […]

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Class-action suit against Canadian medical marijuana producer expands scope

The scope of a class-action lawsuit targeting Organigram has been expanded to cover allegations that the cultivator’s pesticide-tainted medical marijuana made patients sick before it was recalled, according to CBC News. The initial suit alleged that Organigram’s “design, development, testing, manufacturing, distribution, sale and marketing of its purported organic medical cannabis were negligent” and that […]

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Organigram aims to be recertified as organic MMJ producer

Less than a year after Organigram had its organic certification suspended following a product recall, the Moncton, New Brunswick-based company started the process to be recertified as an organic producer of medical cannabis. Organigram said in a news release it submitted an “action” plan to Ecocert Canada, an organic certification body recognized by the Canadian […]

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Canadian marijuana producers form co-op to sell rec products

A dozen of Canada’s largest marijuana producers have come together to form the Canadian Cannabis Co-op and are offering to bankroll a “turn-key” retail network in Alberta to sell adult-use products alongside private retailers and government-run outlets. The group, which unveiled its plans in a news release, hopes to extend the initiative to other provinces. […]

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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 […]

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Uncertainty over TMX stock listing rules weighs on some Canadian marijuana companies

By Matt Lamers A lack of clarity over regulations governing Canadian marijuana stock listings with exposure in the United States has had an impact on how some of the nation’s MJ companies do business. Industry executives said the uncertainty has affected everything from innovation and employment to capital deployment and business relationships.

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