Canadian Cannabis Market: Page 10

Canada’s Cannabis Industry Barred from Receiving Business Loans as Part of COVID-19 Relief Efforts

Ottawa has unveiled a plan to aid the economy as coronavirus continues to spread and forces businesses to close, but banks have refused to extend this assistance to the cannabis industry.

Canopy Growth and TerrAscend Canada Enter Debt Financing Arrangement

Canopy Growth is completing a C$80.5 million loan to TerrAscend Canada Inc.

Alberta Raises Excise Tax on Cannabis Vape Products to Nearly 45%

The Alberta Cannabis Council is speaking out against the increased tax, which Executive Director John Carle says will drive consumers back to an already thriving illicit market.

Harvest One Announces Sale of Non-Core Interest in Burb and Lillooet Property for Total Proceeds of $2.3 Million

Harvest One has sold its 19.9% equity stake in Burb back to the founders of Burb and has forgiven a shareholder loan.

Canopy Growth to Lay Off Roughly 500 Employees, Close Two Greenhouses, Halt Plans for Third Greenhouse

The company cited a slow adult-use market rollout and the timing of outdoor permitting as reasons behind the decisions.

Canada Health Department Forms Committee to Study Cannabis

The department is seeking nominations for the committee to research how cannabis and related products can be used without medical oversight.

Aurora Cannabis Announces CEO Retirement and Succession, Board of Directors Expansion, and Business Transformation Plan

Aurora Cannabis Founder and CEO Terry Booth has announced retirement, and Executive Chairman Michael Singer has been appointed as interim CEO, effective immediately.

Golden Leaf Holdings Pursues Legal Action Against BMF Washington and Its Owner

The plaintiffs assert two claims for breach of contract, arising out of the parties’ equipment leasing and intellectual property licensing agreements.

Here Are the 12 Canadian Cannabis Companies That Trade on U.S. Stock Markets

FSD Pharma, a Toronto-based biotech pharmaceutical R&D company, garnered a Nasdaq uplisting this winter and began trading on the U.S. market Jan. 9.

Toronto-Based FSD Pharma Begins Trading on NASDAQ

The stock begins trading under the symbol ‘HUGE’ on Jan. 9, placing FSD Pharma in a select group of 12 Canadian-domiciled cannabis companies trading on the NYSE or NASDAQ.

Nextleaf Ends 2019 with 11th Granted Patent

The company closed out a successful year with a stacked IP portfolio, completion of extraction plant and commencement of revenue.

MJardin Awarded Cultivation and Processing License from Health Canada for its Largest Facility

The 120,000-square-foot retro-fitted cultivation facility located in Winnipeg, Manitoba, is the largest in the company’s portfolio.

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