Canadian pension fund unloads some cannabis shares, adds Aphria
A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers […]
Category: Canadian Medical Marijuana & Cannabis Industry News
Aphria-Tilray cannabis merger talks overcame pandemic pause, rival bidder and other hurdles, proxy reveals
On-again, off-again merger talks between rival cannabis producers Tilray and Aphria had their genesis in October 2019 when an unidentified investment bank […]
Aurora says its Danish cannabis has reached German pharmacies
A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first […]
Canadian marijuana firm Canopy Growth files $2 billion shelf prospectus
Canadian marijuana producer Canopy Growth filed a preliminary short-form base shelf prospectus enabling the company to raise up to $2 billion (2.5 […]
Canada tallies CA$2.6B in cannabis sales for 2020, up 120% over 2019
Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively […]
New cannabis SPAC raises $150 million in IPO for US acquisitions
Choice Consolidation Corp., a new cannabis industry special purpose acquisition company (SPAC), raised $150 million in an initial public offering on the […]
Canadian marijuana producer Tilray reports $271 million loss for year
Cannabis producer Tilray cut its annual loss to $271 million for 2020, an improvement from the Nanaimo, British Columbia company’s $321 million […]
Canadian marijuana retailer Fire & Flower seeks Nasdaq listing
Fire & Flower Holdings, a Canadian marijuana retail chain with an eye on international growth, applied to list its shares on the […]
Ontario accelerates cannabis store licensing to 120 per month
The cannabis store regulator in Canada’s largest recreational marijuana market has once again increased the pace at which it issues store licenses, […]
Hexo strikes deal to acquire Zenabis for CA$235 million, eyes European, Canadian cannabis markets
Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive agreement to buy struggling competitor Zenabis Global for 235 million Canadian […]