Canadian Cannabis Market: Page 9

Aphria Inc. Announces Net Cannabis Revenue Increases 65% From Prior Quarter and Fourth Consecutive Quarter of Positive Adjusted EBITDA

The company has provided updates on the COVID-19 impact and fiscal year 2020 guidance.

The Green Organic Dutchman Signs Letter of Intent with Quebec's SQDC

The company now has agreements in place with every province except PEI.

Aurora Cannabis Provides Update on Initiatives to Strengthen Liquidity, Business Transformation Plan and COVID-19 Operational Response

The company has strengthened its cash position with plans for additional flexibility given the current economic uncertainty.

DEA Deschedules Epidiolex, Senators Urge SBA to Extend Economic Assistance to Cannabis Businesses: Week in Review

Effective immediately, the DEA has descheduled GW Pharmaceuticals’ Epidiolex, which was initially listed under Schedule V following its approval in 2018.

Rubicon Organics Announces Sale of Washington Greenhouse, Strengthening of Balance Sheet and Strategic Exit from the U.S.

Proceeds from the sale of the greenhouse will strengthen the company’s balance sheet, providing working capital to ramp-up production and sales across Canada.

Ontario Allows Cannabis Retailers to Reopen with Delivery and In-Store Pick-Up Services

The province passed an emergency order allowing dispensaries to reopen after deeming them “non-essential” in an update last week.

Canadian Cannabis Industry Now Eligible for Funds Issued to Businesses as Part of COVID-19 Relief Efforts

While the industry was initially excluded from Ottawa’s plan to aid the economy, the Business Development Bank of Canada has clarified that cannabis businesses can qualify for loans and other assistance.

The Green Organic Dutchman Receives Health Canada License Amendment for Its Ancaster Processing Facility

Receipt of the license enables the automation of several processes.

DEA Takes Steps to Approve Cannabis Cultivation Applications, States Issue New Rules for Industry Amid COVID-19 Concerns: Week in Review

The Drug Enforcement Administration has issued a notice of proposed rulemaking to amend its regulations in an effort to approve pending applications for licenses that allow entities to grow cannabis for research purposes.

Canadian Cannabis Firms Brace for COVID-19, Potential Fallout

Canadian cannabis companies implement work-from-home protocols as an already tough capital market tightens up even more.

Alberta Cannabis Council Calls on Canadian Government to Provide Access to Relief Funds

As Canadian cannabis industry reels from limited access to investor funds, job losses and now the COVID-19 pandemic, federal disaster relief funds.

Cannabis Operators Excluded from SBA’s Disaster Assistance During COVID-19 Pandemic

Low-interest loans up to $2 million offered by the Small Business Administration amidst the coronavirus outbreak will not extend to state-legal cannabis businesses.

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