Cannabis producer Hexo’s loss surges; cultivation suspended in Niagara
Gatineau, Quebec-based, federally licensed producer Hexo recorded annual and quarterly net losses of 82 million Canadian dollars ($62…
News October 29
Latest In: Canada/International
Hexo slashes workforce by 200 amid lower marijuana revenue expectations
Troubled Canadian cannabis company Hexo, which this week postponed the release of financial results amid lower revenue expectations,…
News October 24
Alberta cannabis producer readies Canada’s largest rooftop solar array
An Alberta-based cannabis producer is weeks away from flipping the switch on what it says will be Canada’s…
News October 23
Marijuana producer Hexo delays earnings release, announces CA$70 million private placement
Quebec cannabis producer Hexo postponed the release of its financial results, which were expected Thursday, after announcing a…
News October 23
Canada has a cannabis packaging problem: Here’s what businesses are doing about it
As Canada’s cannabis industry starts to generate the kinds of sales many businesses expected months ago, it’s also…
News October 23
British Columbia’s adult-use cannabis program hits stride as sales double
Sales of recreational marijuana across Canada rose 19% in August to 127 million Canadian dollars ($97 million) from…
News October 22
Green Organic Dutchman slashes cannabis production target 85% for 2020
Ontario-based The Green Organic Dutchman (TGOD) announced a new construction timetable this week that significantly scales back its…
News October 18
CEO of DionyMed cannabis company leaves amid possible default
Toronto-based DionyMed, a multistate marijuana brands operator, is under pressure after key executives stepped down amid a possible…
News October 18
Red tape, regulations hamper Canadian cannabis businesses in first year of recreational sales
A heavy regulatory burden at all levels of government put a damper on legal cannabis sales in the…
News October 18
Cannabis businesses invest CA$700 million in Atlantic Canada, report estimates
Investments by nearly two dozen federally licensed cannabis producers in New Brunswick, Nova Scotia, Prince Edward Island and…
News October 17
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