Canadian cannabis company Tilray has been hit by yet another lawsuit, this time over the alleged misleading of shareholders and insider trading. According to Marijuana Business Daily, the new lawsuit was filed by Tilray shareholder...
Health Canada has been warning cannabis companies of the mislabeling of the THC contents in certain products, the Calgary Herald reported. According to the regulator, which is responsible for Canada’s federal health policy, most cannabis...
The Canadian cannabis industry’s weaker-than-expected performance in its first year of existence led to multiple company shakeups over the past year. The most high-profile ousting came in the form of Bruce Linton, the new industry’s...
British Columbia collected a record amount of taxes from the sales of legal marijuana last December according to data from the province’s Ministry of Finance. As per Marijuana Business Daily, cannabis tax revenue in Canada’s...
Shortly following the release of Aurora Cannabis’s quarterly earnings, the company disclosed it is buying the U.S.-based CBD brand Reliva for $40 million. The $40 million all-stock purchase of Reliva will grant the Canadian cannabis...
As states move to reopen after the coronavirus shutdowns, dispensaries in parts of the country that failed to declare them essential businesses will also start serving their first in-person customers in weeks. In Massachusetts, where...
The surge in marijuana purchases ahead of the COVID-19 lockdown in Canada has helped Aurora Cannabis’s fiscal third-quarter earnings, but has since come to pass, according to the company’s interim CEO Michael Singer. Aurora posted...
Canadian investment bank CIBC Capital Markets slashed its 2020 forecast for marijuana sales in the country by nearly $1 billion as the market continues to be mired in uncertainty. According to the bank’s updated estimate,...
Following record sales of marijuana during the coronavirus lockdowns, the CEO of Aphria said that the time is right to allow pot producers to sell their product directly to customers. Speaking to BNN Bloomberg last...
Canadian marijuana companies were finally confirmed as eligible for financial assistance during the coronavirus crisis after initial confusion in the industry. Last month, the Export Development Canada (EDC) agency and the Business Development Bank of...
