Tag: CBT > Canada: Page 28

Finance

Aurora Cannabis Announces Share Sale by Founder Terry Booth

The transaction is in connection with the company's previously announced transition plan.

March 17, 2020

Industry Headlines

Aleafia Health Secures Niagara Facility Cultivation License

“This is an important and long-awaited breakthrough for Aleafia Health. We can now fully leverage our supply chain across three completed, licensed production facilities,” said Aleafia Health CEO Geoffrey Benic.

March 17, 2020

Finance

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.

March 17, 2020

Coronavirus and Cannabis

Canopy Growth to Temporarily Close Corporate Owned Retail Amid Response to COVID-19

"We have a responsibility to our employees, their families, and our communities to do our part to 'flatten the curve,'" CEO David Klein said.

March 17, 2020

Finance

Canopy Growth and TerrAscend Canada Enter Debt Financing Arrangement

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

March 12, 2020

Interviews & Opinion

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.

March 10, 2020

Mergers and Acquisitions

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.

March 9, 2020

Legislation and Regulation

Cresco Labs Co-Founder Joe Caltabiano Resigns as Company’s President, Utah’s First Medical Cannabis Dispensary Opens: Week in Review

Caltabiano announced March 2 that he was resigning from his role, effective immediately.

March 7, 2020

Canadian Cannabis Market

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.

March 6, 2020

International

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.

March 2, 2020

Finance

Univo and Canopy Growth Sign Collaboration Agreement to Import, Produce, Market and Export Medical Cannabis Products in Israel

In the first stage, Univo will import 470 kg from Canopy.

March 2, 2020

Industry Headlines

MJardin Receives Cultivation and Processing License at Second Ontario Facility

The facility, located in Dunnville, is a joint venture between MJardin Group (75%) and Grand River Organics (25%).

February 21, 2020