Tag: CBT > Canada Cannabis Licensed Producers: Page 5

California

Canopy Growth Announces Plan to Acquire Jetty Extracts

The move broadens Canopy Growth’s portfolio of premium brands with significant opportunities to scale across North America.

May 18, 2022

Industry Headlines

U.S. Customs and Border Patrol Admits Canadian Cannabis Workers Not Barred From Entering US

It sounds like a simple enough statement, but this headline follows years of complicated litigation.

May 12, 2022

Finance

Village Farms International Reports First Quarter 2022 Financial Results

Consolidated revenue increased 34% year-over-year to $70.2 million; the company's net loss of $6.5 million is primarily due to inflationary pressures on produce business.

May 10, 2022

Canadian Cannabis Market

The Green Organic Dutchman Secures Additional $4 Million Increase to Term Portion of Credit Facility

The total facility limit has been increased from $30 million to $34 million, certain mandatory prepayments have been removed, and the amendment provides additional working capital to support continued revenue growth.

May 2, 2022

Industry Headlines

HEXO Announces Leadership Transition; Company Appoints Charlie Bowman as Chief Executive Officer and Julius Ivancsits as Chief Financial Officer

Scott Cooper steps down, and the Board of Directors acknowledges Cooper in stabilizing the company.

April 29, 2022

Finance

Canopy Growth Announces Cost-Cutting Initiatives, Layoffs

The Canadian cannabis producer plans to cut 250 jobs as it further streamlines the organization in its quest to achieve profitability.

April 27, 2022

Vendor News

'Great Resignation' Creates Cannabis Labor Shortages; Canadian Cultivator Takes New Approach to Employee Retention

Safari Flower Co., a licensed cannabis producer in Ontario’s Niagara region, is combating the so-called “Great Resignation” with automated processing equipment from Mobius, a cannabis automation and technology firm.

April 26, 2022

Canadian Cannabis Market

HEXO Enters Into Definitive Agreement With Tilray Brands to Create a Strategic Alliance Between Two Canadian Cannabis Leaders

HEXO and Tilray Brands to target combined cost savings of up to U.S.$80M within 24 months to be realized from shared support services, commercial alliances and production efficiencies.

April 12, 2022

Mergers and Acquisitions

Aurora Cannabis to Acquire TerraFarma, Owner of Thrive Cannabis

Thrive, based in Simcoe, Ont., is known for its flagship adult-use brand, Greybeard Cannabis Co., which produces small-batch craft cannabis flower and concentrates.

March 23, 2022

Finance

Cronos Group Founder Mike Gorenstein Returns as CEO

The executive shuffle comes as Kurt Schmidt, former president and CEO, retires.

March 21, 2022

Compliance

Canopy Growth Appeals CA$434,611 Fine Stemming From 2019

The Ontario-based company received the penalty from the Canada Revenue Agency for allegedly growing outdoor cannabis before proper licensure.

March 16, 2022

Finance

HEXO and Tilray Brands Agree to Create Strategic Alliance Bringing Together Two Canadian Cannabis Leaders

HEXO will restructure its balance sheet, including the sale of amended senior secured convertible notes to Tilray Brands, significantly improving flexibility and reinvigorating HEXO's path forward strategy.

March 3, 2022