Canada Cannabis

Cannabis Slowdown In Canada: Analyst Spotlights What Still Sells And Where The Money Is Going
Piper Sandler Maintains Underweight On Canopy Growth Stock, Calls Cannabis Rescheduling 'Largely Symbolic'
Air Canada To Test Flight Attendant's Hair For Illegal Substances & Weed After Reports Of Misconduct And Hijacking Jokes
Piper Sandler Maintains Underweight On Canopy Growth Stock, Calls Cannabis Rescheduling 'Largely Symbolic'
Air Canada To Test Flight Attendant's Hair For Illegal Substances & Weed After Reports Of Misconduct And Hijacking Jokes
Canadian Weed Producer Red White & Bloom Narrows Loss, Reports 15% YoY Drop In Q1 Revenue As It Wraps Up Aleafia Acquisition
Canadian Cannabis Market Trends: Sales Increase As Youth Impact Study Unfolds

Canada Cannabis Recent News

Tilray Launches $250M At-The-Market Program To Boost Acquisitions, Eyes Expansion With U.S. Cannabis Rescheduling
Tilray launches a $250M ATM program to fund strategic acquisitions and leverage U.S. cannabis rescheduling when effective. Read now!
Auxly Cannabis Achieves Record Q1: Adjusted EBITDA Soars 1,523%, Revenue Grows 5%, Strong 2024 Ahead
Auxly Cannabis reports a record Q1 with 5% revenue growth and a 1,523% surge in adjusted EBITDA. Explore these impressive results.
Cronos Cannabis Company Slashes Losses, Reports Highest Quarterly Net Revenue In Q1 2024
Cronos Group Inc., (NASDAQ: CRON) a global cannabinoid company, has reported an increase in net revenue for the first quarter of 2024.
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
Canopy Growth confirms acquisitions of Wana and Jetty, enhancing its U.S. cannabis market strategy and operational synergies.
Revenue Down, Margins Up: Lifeist's Q1 Financial Results Show Focus On Premium Products Curbed Revenue Drop
Lifeist Wellness' Q1 2024 financial results, highlight a strategic shift towards higher-margin products and improved efficiencies. Read now!
Investors Shuffle Stock Positions In Aurora Cannabis: Beyond Earnings, Liquidity Looks Appealing
Aurora Cannabis Inc. captured investor attention with a dramatic 38% increase in options trading and a significant 18.2% surge in stock price in a single trading day. These movements underscore a robust financial period for the company, which reported quarterly revenues of $53.34 million, surpassing expectations by nearly 16%.
Massachusetts Cannabis Sales Soar Past $6B Record, Canada Sees Steady 1.7% Year-Over-Year Growth
Explore how Massachusetts hits a $6B cannabis sales record and Canada's market sees a steady 1.7% growth. Read more on regional sales trends.
Cannabis Companies' Gains - U.S. Versus Canada: Averages Can Be Deceiving, Irrational Market Behavior To Blame?
Recent insights from Viridian Capital Advisors shed light on the bewildering trends in cannabis stocks. Year-to-date (YTD) data indicates that U.S. multi-state operators (MSOs) and Canadian licensed producers (LPs) have experienced drastically different fates. At a glance, U.S. MSOs show an average return of 26.4%, towering over Canadian LPs' modest 1.3%.
No Cannabis Tax Relief In Canada, Tilray CEO Says This 'Hinders Our Ability To Compete With The Illicit Market'
Imported Medical Marijuana In Australia Not Tested For Quality, Canada's Cannabis Industry Eager For Tax Cut & More
This Latin American Cannabis Co. Plans To Expand In Thailand Amid Significant Shifts In Weed Regulation Landscape
PharmaCielo revealed its plans to acquire cannabis operations in Thailand.On Wednesday, the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., said it has signed a binding letter of intent to enter a proposed transaction to acquire 100% of the issued and outstanding shares of Siam Ventures Corporation in exchange for common shares of PharmaCielo equaling to CA$3 million ($2.2 million).PharmaCielo also revealed it's undertaking a non-brokered private placement of 9,090,909 units at CA$0.2 per unit. Under the deal, the sum will be payable on closing by way of the issuance of 13,636,363 PharmaCielo Shares to the Siam Ventures' shareholders on a pro-rata basis.
Legal Canadian Cannabis Retailer Fined $200K For Alleged Inducement Program
Justin Trudeau Says There Are No Downsides To Cannabis Legalization, Slams International Treaties' Excuse To Reject Reform
NASDAQ-Listed Marijuana Stocks, Tilray, Canopy, Aurora Rally: What's Behind The Surge?
The Canadian cannabis sector is witnessing a notable upswing, driven by recent developments including Tilray's (NASDAQ: TLRY) earnings report, Organigram's investor day (NASDAQ: OGI) and pivotal movements by Canopy Growth (NASDAQ:
Canadian Cannabis Giant Sets Stage For Growth With $18.5M Public Offering
Discover OrganiGram's strategic $25M public offering aimed at fueling growth and shaping the future of the cannabis industry.
Cannabis Producer, Rubicon Organics, Reports Seventh Consecutive Quarter Of Positive Cash Flow & EBITDA
Rubicon Organics Inc. (TSXV: ROMJ) (OTC: ROMJF), a leading producer of organic certified, premium cannabis, has reported its financial outcomes for the year ended December 31, 2023, showcasing significant growth.
Canadian Cannabis Companies Could See Valuations Soar By Up To 300% With Tax Reform, New Report Shows
According to a recent official report, the Canadian government is considering revising the excise tax framework established in 2018 for the cannabis industry.
Blueprint For The New Era Of Cannabis Branding With Mario Naric Of Motif Labs
Join Mario Naric at Benzinga's Conference to explore the future of cannabis innovation and Motif Labs' rise in the vape market.
Tilray's Redecan Launches Spring Lineup As Medical Cannabis Giant Ramps Up Its 'Diversification' Strategy
Tilray Brands (TSX: TLRY) continues to promote its cannabis vertical even though lately it's been ramping up its beer business vertical as a way to establish itself in the U.S. On Thursday, Canadian medical cannabis giant's Redecan kicked a new spring lineup. The expansion of Redecan's product portfolio includes the launch of its latest genetics featuring Space Age Cake available in whole flower and its Hemp'd' pre-roll collection. This resinous hybrid, offers consumers "creamy vanilla, nutty, and ammonia flavors, delivering a potent experience." Later this spring, Redecan will debut its new Redees Hemp'd Taster Series and additional new flower. The Redecan Redees Hemp'd Taster Series comes in one convenient 10-pack of pre-rolls, including five pre-rolls of Animal RNTZ, and five pre-rolls of King Sherb - both high-potency THC indicas.
SNDL Reports Record CA$909M In Net Revenue For 2023, CEO Zach George Calls It 'Foundational' Period
SNDL Inc. reported on Thursday its financial and operational results for the full year and fourth quarter ended Dec. 31, 2023, revealing a record net revenue for 2023 of CA$909 million ($670.3 million) compared to CA$712.2 million in 2022. That's an increase of 28% year-over-year. The Calgary, Alberta-based company also reported positive free cash flow is achieved in the second half of 2023, totaling CA$17.7 million. "2023 was a year of significant financial success for SNDL, including record-breaking revenue and gross profit, and the achievement of free cash flow in the second half of the year," Zach George, CEO of SNDL, said. "The generation of stabilized free cash flow continues to be a top priority for our team, and I am proud that we delivered on this stated objective during the last two quarters."
Second-Largest Cannabis Retailer In North America Reports Record Revenue, Adjusted EBITDA In Q1
High Tide Inc. released on Friday its financial results for the first fiscal quarter of 2024 ended January 31, 2024, revealing an 8% year-over-year and 1% sequential increase in revenue to CA$128.1 million. The Canadian cannabis retail giant also reported a breakeven net income with fully diluted earnings per share of CA$0.00 during the period, versus CA$(0.05) in the first fiscal quarter of 2023. Raj Grover, founder and CEO of High Tide said reaching break-even net income in the first quarter represents "a critical milestone in our ongoing corporate trajectory and is a rarity in the global cannabis space."
Canadian Cannabis Co. C21 To Buy Nevada's Deep Roots In $3.5M Deal
C21 Investments Inc. announced on Friday that its wholly-owned Nevada subsidiary, Silver State Relief, LLC, is buying Deep Roots Harvest, Inc. in a $3.5 million deal. Simultaneously, the company announced a non-brokered private placement of a principal amount of CA$1,000 ($740.939) secured convertible debenture units of the company for aggregate gross proceeds of up to CA$4 million. The proceeds will fund the deal to acquire the Nevada-based dispensary.
Weed Retail Giant High Tide Expands International Brand Portfolio With Another Cannabis Acquisition
Cannabis retail giant High Tide Inc. is expanding its international brand portfolio through the acquisition of the Queen of Bud brand. The Calgary, Alberta-based said on Friday that has entered into a definitive agreement under which it agreed to acquire all IP, including trademarks and other assets of Queen of Bud. The deal is an arm's length transaction and is expected to close in the coming weeks. The consideration for the assets acquired will be $1 million. The sum includes a cash payment of $100,000 with the remainder paid in common shares of High Tide. In addition, Queen of Bud's founder and CEO, Ashley Newman, will take the role of global brand ambassador, as part of the deal.