Canada’s Aurora Cannabis files $1 billion shelf prospectus
Aurora Cannabis filed a preliminary short-form base shelf prospectus to raise up to $1 billion by issuing securities over a 25-month period. […]
Category: Canadian Medical Marijuana & Cannabis Industry News
Canopy Growth, others formed JV ‘solely’ to pump marijuana stock, refiled CA$500 million lawsuit alleges
A high-stakes lawsuit that Canopy Growth and other Ontario, Canada, cannabis companies had hoped would disappear along with their ill-fated PharmHouse joint […]
Ontario Cannabis Store CEO: More stores needed in underserved markets
The chief executive of the Ontario Cannabis Store (OCS) said growing regulated recreational marijuana sales in Canada’s most-populous province depends on more […]
One-third of Canadian cannabis users consumed more during pandemic
Slightly more than one-third of Canadians who use cannabis increased their consumption during the COVID-19 crisis, according to a new Statistics Canada […]
Customer loyalty programs offer clear benefits for cannabis stores
Loyalty programs, long a staple of consumer marketing strategies, have found a place among regulated cannabis retailers in the United States and […]
Canada extends wage subsidy popular with cannabis producers
Canada’s government is extending a pandemic-related wage-subsidy program that has been tapped by more than a dozen federally regulated cannabis producers. The […]
Government-run cannabis stores in Quebec, New Brunswick post profits
The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. […]
Canada Revenue Agency has fined cannabis firms CA$1.3 million since adult-use market launch
The Canada Revenue Agency (CRA) has issued cannabis-related fines totaling 1.3 million Canadian dollars ($1 million) since adult-use marijuana was legalized in […]
Moldy cannabis gummies, mislabeled pre-rolls recalled in Canada
Regulated Canadian cannabis products recalled in February include potentially moldy THC-infused edibles, plus two different instances of pre-rolled joints with incorrect cannabinoid […]
Acreage selling Florida marijuana arm to Red White & Bloom for $60 million
Multistate marijuana operator Acreage Holdings said it has a definitive agreement to sell its medical cannabis operation in Florida to Red White […]