Canopy Growth CEO says ‘For sure there’s a marijuana bubble’

Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. Continue reading “Canopy Growth CEO says ‘For sure there’s a marijuana bubble’”

U.S. Marijuana Companies Go Public in Canada

Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen.

So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went public in Canada, where marijuana soon will be broadly legalized nationwide. Continue reading “U.S. Marijuana Companies Go Public in Canada”

Aurora Cannabis To Buy CanniMed Therapeutics For $1.1 Billion

Aurora Cannabis Inc. has struck a friendly deal valued at $1.1 billion to buy rival licensed producer CanniMed Therapeutics Inc., ending a hostile takeover battle between the Canadian marijuana companies.

“We are very pleased to have come to terms with CanniMed on this powerful strategic combination that will establish a best-in-class cannabis company with operations across Canada and around the world,” Aurora chief executive Terry Booth said. Continue reading “Aurora Cannabis To Buy CanniMed Therapeutics For $1.1 Billion”

Nearing Legalization, Canadian Marijuana Companies Are Looking To Hire

Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year.

The workforce is booming, said Alison McMahon, who runs Cannabis At Work, a staffing agency focused on the burgeoning industry. Continue reading “Nearing Legalization, Canadian Marijuana Companies Are Looking To Hire”

With Expansion, Top Cannabis Producer in Canada Expects to Double Production

Canada’s biggest licensed producer of medical marijuana has bought land next to its greenhouse production site that will allow it to more than double the total volume of cannabis it can grow, its chief executive said on Thursday. Continue reading “With Expansion, Top Cannabis Producer in Canada Expects to Double Production”