Deals to sell BioSteel assets result in $30.4M in aggregate gross proceeds: Canopy
ByThe Canadian PressDecember 3, 2023Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million. The Smiths…
Nelson council votes to reduce cannabis business licence fee
ByBill MetcalfeNovember 12, 2023Nelson City Council has voted to reduce the annual business licence fee for cannabis retailers from $2,500 to $250. A…
Vancouver magic mushroom stores raided by police are reopening
ByThe Canadian PressNovember 11, 2023One of three magic mushroom stores that were raided by Vancouver police this week has already reopened, and the owner…
Aurora Cannabis revenues rise in Q2, led by strength in medical cannabis sales
ByThe Canadian PressNovember 9, 2023Aurora Cannabis Inc. says it earned $256,000 in the second quarter, up from a loss a year earlier of $45.5…
BAT increasing its stake in Organigram with $124.6M investment
ByThe Canadian PressNovember 9, 2023Shares of Organigram Holdings Inc. rose almost 19 per cent after it says BAT signed a deal to increase its…
Orchids, veggies and beer: pot producers pivot in tough market
ByThe Canadian PressOctober 19, 2023When Miguel Martin first visited Bevo Agtech Inc.’s Langley, B.C., greenhouse, he saw potential bursting from every corner. Hundreds of…
Tilray Brands reports $55.9M Q1 loss, revenue up 15% from year ago
ByThe Canadian PressOctober 11, 2023Tilray Brands Inc. reported a loss of US$55.9 million in its latest quarter compared with a loss of US$65.8 million…
Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debt
ByThe Canadian PressSeptember 28, 2023Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise…
The economic roller-coaster of an Ontario town fuelled by chocolate and cannabis
ByThe Canadian PressSeptember 18, 2023A small eastern Ontario town that was once known as the province’s chocolate capital is preparing for the sweet return…
Canopy Growth lands creditor protection for BioSteel business, intends to sell brand
ByThe Canadian PressSeptember 16, 2023Tired of its sports drink business weighing on its books, Canopy Growth Corp. is making moves to shed the division.…