Health Cannabis Referred Almost 500-Cannabis Related Cases To Federal Police Over 2 Years

Apr 19, 2022 | Canada

Canada’s top cannabis regulator has been busy blowing the whistle on possible business-related foul play.Health Canada referred nearly 500 cannabis business-related cases to the Royal Canadian Mounted Police (RCMP) for possible enforcement action during the two years...

Cresco To Buy Columbia Care In $2 Billion Bet On U.S Cannabis Industry Boom

Mar 27, 2022 | Canada

Cresco Labs Inc is buying rival Columbia Care Inc in a $2-billion deal to become the top U.S. cannabis producer in one of the biggest deals in the industry. Cresco executives said the combined entity has the potential to be a brand as big as Coca-Cola or Johnnie...

2 Canadian Cannabis Growers Put On Notice By Nasdaq Over Low Stock Prices

Feb 2, 2022 | Canada

At least two large Canadian cannabis companies have been notified by the Nasdaq that their shares do not meet the stock exchange’s listing standards. Quebec-based Hexo Corp. and Calgary-headquartered Sundial Growers said they both recently received notices from the...

Lamborghini Aligns With Canadian Cannabis Producer To Launch CBD Coffee Drinks

Dec 8, 2021 | Canada

A new deal between a luxury goods brand and a Canadian cannabis producer will see greater investment in the growing CBD beverages market in 2022. Toronto-based cannabis company Flora Growth Corp. announced Monday that it has signed a licensing agreement with Tonino...

Canadian Company Invests $20 Million In Michigan Ancillary Marijuana Player Common C

Aug 25, 2021 | Canada, Great Lakes Region, Michigan

Toronto-based Sol Global Investments entered the Michigan medical marijuana market through a $20 million investment in a company that provides financing and support services to Medical Marijuana operators in the state. Sol, a diversified investment and private equity...

Canopy Execs Get Raises, Bonuses After Canadian Company Loses $1.3 billion

Aug 4, 2021 | Canada

Executives for cannabis producer Canopy Growth received more than 4 million Canadian dollars ($3.2 million) in cash bonuses after making “solid progress in the year,” according to a regulatory filing, even as the company lost $1.3 billion and laid off hundreds of...