Canada Cannabis

Cronos Cannabis Company Slashes Losses, Reports Highest Quarterly Net Revenue In Q1 2024
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
Revenue Down, Margins Up: Lifeist's Q1 Financial Results Show Focus On Premium Products Curbed Revenue Drop
Canopy Growth Expands U.S. Reach By Acquiring These Two Key Cannabis Brands
Revenue Down, Margins Up: Lifeist's Q1 Financial Results Show Focus On Premium Products Curbed Revenue Drop
Investors Shuffle Stock Positions In Aurora Cannabis: Beyond Earnings, Liquidity Looks Appealing
Massachusetts Cannabis Sales Soar Past $6B Record, Canada Sees Steady 1.7% Year-Over-Year Growth

Canada Cannabis Recent News

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.
Unpacking The $58B Cannabis Market Boom, BDSA Forecasts For 2028
Discover BDSA's $58B cannabis market forecast for 2028, driven by US growth and emerging markets, as detailed by analyst Mitchel-Chesebro.
Philippine Senator Pushes Medical Cannabis Legalization, Canada's Weed Tax Reform, South Africa's New Law And More
Global cannabis updates: Philippines debates medical legalization, Canada reforms tax laws, Netherlands mayor calls for drug crackdown, and South Africa introduces new personal use laws.
Canadian Cannabis Extractor Ayurcann's Q2 Revenue Jumps Over 81% YoY, Net Loss Grows
Ayurcann Holdings Corp. saw a 81% year-over-year increase in net revenue to CA$5.8 million ($4.3 million) in the second quarter of fiscal 2024. The Toronto-based cannabis company specializes in manufacturing derivative cannabis products for the recreational market, securing 22 new stock-keeping units in various categories across several Canadian provinces. In the second quarter of fiscal 2024, the company reported a net loss of CA$771,622, with expenses amounting to CA$2.7 million and a gross margin of 37%. By the end of 2023, Ayurcann had total assets of CA$16.2 million and total liabilities of CA$14.2 million. Overall, for the first half of 2024, Ayurcann achieved a total net revenue of CA$12.3 million, with a decreased net loss of CA$951,267, expenses of CA$5.07 million, and a gross margin of 36%.
Heritage Cannabis Co. Boosts Gross Margin Over 50% In 2023 Thanks To This Smart Move
Heritage Cannabis Holdings reported an increase in gross margin of more than 50% for the year and 628% for the quarter ended October 31, 2023. CEO David Schwede credited the company's focus on product optimization and operational efficiencies for this growth, with products like RAD vape and Adults Only brand remaining in high demand. The company saw strong growth in states like New York, Missouri, and West Virginia, with over $3.5 million in sales. While net revenue slightly dropped in Q4 2023 compared to the prior year, cost of sales decreased significantly, leading to a higher gross margin. For the full year 2023, net revenue increased, costs decreased, and the company reported lower comprehensive losses compared to the previous year. Schwede expressed optimism for continued growth in revenue and gross margin for 2024 with a focus on exploring new revenue channels in the U.S. and abroad.
Over $2B In Marijuana Sales Since 2018: New Jersey Cannabis Czar Attributes Milestone To Devoted Entrepreneurs And More Updates
sales have surpassed $2 billion since 2018."Today I'm also proud to announce another milestone," Jeff Brown, executive director of the New Jersey Cannabis Regulatory Commission (NJ-CRC), said during a hearing before the Assembly Oversight, Reform and Federal Relations Committee this week. "Since we started this work in 2018, cumulative sales of both medicinal cannabis and recreational cannabis have eclipsed $2 billion."
Double Your Fun With New Weed Treats From Canopy, Tilray And Cannabist
Canopy Growth Corporation has introduced five new pre-roll products across its recreational cannabis portfolio from brands 7ACRES and Hiway.In the meantime, Tilray Brands, Inc. debuted on Thursday two new ready-to-drink cold brew tea beverages by its premium cannabis wellness brand Solei. The New York-based The Cannabist Company Holdings Inc. launched a dual-action cannabis gummy product in Massachusetts under its Hedy brand.
Village Farms International Sustains High Cannabis EBITDA Margins, Setting Stage For Growth, Market Research Shows
With the cannabis sector experiencing dynamic shifts, Village Farms International (NASDAQ: VFF) emerges as a key player, poised for significant growth.
Aurora Cannabis (ACB): Canaccord Genuity Analysts Say Now's The Time To Buy. Find Out Why
Aurora Cannabis gets upgraded to 'Buy' by Canaccord Genuity analysts, spotlighting strategic growth and the MedReleaf Australia acquisition."
Cannabis Retail Giant High Tide Will Distribute Weed Products In Manitoba As North American Footprint Grows
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) announced on Tuesday it has signed an agreement with the Manitoba Liquor and Lotteries Corporation (MBLL) through its wholly-owned subsidiary Valiant Distribution Canada. Under the deal, the Canadian cannabis retail agreed to distribute cannabis products to cannabis retailers in Manitoba.In the meantime, according to ATB Capital Markets, High Tide is among the top cannabis retailers in North America with a total of 163 cannabis stores, as per the company's recent post on X (Twitter).