Study looks into cannabis CEO salaries, mounting resignations in industry
The Canadian cannabis industry’s weaker-than-expected performance in its first year of existence led to multiple company shakeups over the past … Continue Reading
Canada
British Columbia sees record tax revenues from pot sales in December
British Columbia collected a record amount of taxes from the sales of legal marijuana last December according to data from … Continue Reading
Aurora Cannabis enters U.S. hemp market in $40 million deal
Shortly following the release of Aurora Cannabis’s quarterly earnings, the company disclosed it is buying the U.S.-based CBD brand Reliva … Continue Reading
U.S., Canadian dispensaries begin gradual reopening, allowed curbside pickups
As states move to reopen after the coronavirus shutdowns, dispensaries in parts of the country that failed to declare them … Continue Reading
Surge in lockdown cannabis sales boosted Aurora’s earnings, but was short-lived, says CEO
The surge in marijuana purchases ahead of the COVID-19 lockdown in Canada has helped Aurora Cannabis’s fiscal third-quarter earnings, but … Continue Reading
Investment bank cuts growth forecast for Canadian cannabis sales
Canadian investment bank CIBC Capital Markets slashed its 2020 forecast for marijuana sales in the country by nearly $1 billion … Continue Reading
Aphria CEO calls for direct online sales to consumers
Following record sales of marijuana during the coronavirus lockdowns, the CEO of Aphria said that the time is right to … Continue Reading
Canada’s pot companies eligible for coronavirus emergency relief loan program
Canadian marijuana companies were finally confirmed as eligible for financial assistance during the coronavirus crisis after initial confusion in the … Continue Reading
Canopy Growth furloughs 200 workers amid coronavirus crisis
Among thousands of workers currently being furloughed in North America, Canopy Growth will also temporarily lay off some 200 employees, … Continue Reading
Workers in Canadian pot company could become first to unionize
As the legal marijuana business continues to expand, staff at one Canadian cannabis company are looking to unionize in what … Continue Reading