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FSD Pharma to surrender cannabis licenses, sell off marijuana assets

Canadian holding company FSD Pharma said it's exiting the marijuana business and relinquishing Health Canada cannabis licenses held by subsidiary FV Pharma. FV Pharma's assets will be liquidated, including the company's cannabis production facili...

July 30, 2020

Curaleaf and Grassroots Finally Merge, Creating Largest Marijuana Company in the World

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock an...

July 25, 2020

Aurora to lay off more staff in restructuring

EDMONTON - Aurora Cannabis Inc. is reorganizing its European operations and cutting some jobs. The Edmonton-based cannabis company says in an email to The Canadian Press that the layoffs will amount to a one-quarter workforce reduction in select ...

July 25, 2020

Retail cannabis sales surpass NBA revenue, approach prescription pain meds

With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball A...

July 15, 2020

Schwazze walks away from two Colorado cannabis deals

Denver-based Schwazze, formerly Medicine Man Technologies, said it has terminated acquisitions of two Colorado marijuana businesses - cultivator Los Sueños Farms and concentrates company Dabble Extracts. Schwazze, a vertically integrated operator...

July 11, 2020

IRS War On Cannabis Companies Must End

In 1982 Congress created Section 280E of the Internal Revenue Code, IRC, which significantly limited the business expenses that a cannabis company could deduct. It states "no deduction or credit shall be allowed for any amount paid or incurred dur...

July 8, 2020

Organigram lays off 220 workers

MONCTON, N.B. - Organigram Holdings Inc. is laying off at least 220 employees in an effort to better align its production capacity with prevailing market conditions. The Moncton-based cannabis company says the cuts will impact a quarter of its wo...

July 4, 2020

Dixie Brands To Rebrand Name, Distancing From Historical Context

Dixie Brands will assume a new name as it drops "Dixie" from its branding. Denver, Colorado-based edible juggernaut Dixie Brands released a statement that the company will rename itself, thus distancing itself from the word "Dixie" and its connec...

July 4, 2020

Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement

LEAMINGTON, Ont. - Aphria Inc. has reached a deal worth $29.1 million to settle a dispute with Emblem Cannabis Corp. and Aleafia Health Inc. The settlement ends a disagreement the companies had over Aleafia's decision in 2019 to cancel a supply a...

June 27, 2020

Beleave joins growing list of Canadian cannabis insolvencies

Beleave has become the latest in a wave of Canadian cannabis companies seeking creditor protection. The Toronto-based company will apply for a creditor protection order from the Ontario Superior Court of Justice on Friday, according to a news rel...

June 27, 2020

Aurora Cannabis unloading Alcanna stake for CA$110 million less than it paid

Aurora Cannabis is disposing of another investment for a large loss. The Alberta company said it is unloading its 23% stake in Alcanna, one of the largest retailers of alcohol and cannabis in North America. Aurora's gross proceeds from the trans...

June 27, 2020

Scotts Miracle-Gro And GrowGeneration Are Leading The Cannabis Green Rush (NASDAQ:GRWG)

Scotts Miracle-Gro is the most mature and stable cannabis company in America. Lately, it seems like every few weeks, the cannabis industry experiences another positive development. Whether it be a state taking a step toward legalization or cannab...

June 20, 2020

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