organigram

What Canada’s top CEOs say about cannabis ‘commoditization’

While a shortage of marijuana is expected to precede any glut by a number of years, the potential for cannabis commoditization is already a consideration for many licensed cultivators in Canada. Greg Engel, CEO of New Brunswick-based Organigram, said commoditization, at least as it relates to cannabis, boils down to two things: Excess supply over […]

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Organigram’s quarterly earnings rebound, boosted by sales of marijuana oil, flower

Massive sales spikes in cannabis oil and flower boosted both profits and sales for Organigram Holdings, as the Canadian company returned to the black during the latest quarter while it charts a path for international expansion. The Moncton, New Brunswick-based licensed cultivator posted net income of 1.1 million Canadian dollars ($860,000) in the three months ended Feb. […]

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Canadian provinces, local government programs boost burgeoning cannabis industry

Cannabis companies in Canada have access to tens of millions of dollars worth of financial incentives from provincial and municipal governments – if they know where to look. So far, various levels of government in six provinces have offered incentives to cannabis-related businesses in the form of direct subsidies, tax credits and other financial sweeteners. […]

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Proposed Canadian medical marijuana tax could funnel patients to black market, critics warn

A proposed excise tax on medical marijuana in Canada could push even more patients to the black market and curb demand in the regulated market, executives, economists and patients told Marijuana Business Daily. The federal government plans to apply the same 10% excise tax on medical users as recreational users. That’s on top of provincial and […]

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Prince Edward Island taps marijuana growers; will use government-owned shops

Prince Edward Island has tapped three licensed producers to supply it with marijuana, while the province plans to sell adult-use cannabis products through four government-owned stores when sales are legalized this year. The move means neighboring Newfoundland will be the only province east of Manitoba to involve the private sector in marijuana sales. In announcing its […]

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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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