Canadian Medical Marijuana & Cannabis Industry News

Marijuana Business Daily expands into Canada

Marijuana Business Daily has expanded into Canada by hiring a full-time reporter to write in-depth stories and analysis about the country’s fast-growing cannabis industry. Matt Lamers, who has worked as a reporter and editor at newspapers and magazines in several countries, will focus on writing for Canadian marijuana business executives, investors and entrepreneurs looking to […]

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Canadian cannabis M&As ready to ‘go crazy’: Q&A with Aurora CFO Glen Ibbott

By Omar Sacirbey Glen Ibbott had a successful career as a top executive with U.S. life sciences companies worth hundreds of millions of dollars that listed on the Nasdaq Stock Market. But it wasn’t hard for Canada’s Aurora Cannabis to lure Ibbott north of the border to become the medical marijuana producer’s chief financial officer.

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Canadian MMJ producer Canopy Growth is growing and spending

Canada’s biggest federally licensed medical marijuana producer, Canopy Growth, posted a loss of 16.7 million Canadian dollars ($12.84 million) in the last fiscal year, but it’s all part of the company’s expansion plans. The Smiths Falls, Ontario-based company has an aggressive growth plan for its production facilities as it tries to position itself to serve Canada’s recreational […]

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Canadian firm strikes deal to cultivate MJ in southern Africa

Canadian marijuana companies continue to expand their reach beyond their nation’s borders. LGC Capital, a Canadian investment firm, has partnered with AfriAg to cultivate and distribute medical and recreational marijuana across the southern region of Africa, according to a news release. The long-range goal for LGC – which lists as QBA on the TSX Venture Exchange – […]

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Vegas MMJ grower begins trading on Canadian Stock Exchange

A Canadian company that owns a medical marijuana cultivator and CBD company in Las Vegas has started trading on the Canadian Stock Exchange, a move that could make it easier for other U.S. plant-touching companies to list in Canada. Friday Night Inc., which trades under the ticker symbol TGIF, opened Friday at 28 Canadian cents […]

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Canadian stock exchanges looking at US cannabis investment policies

Canadian marijuana executives and officials of two stock exchanges have been meeting about setting rules for investing in the U.S. cannabis sector. According to the Canadian Press, attorneys representing publicly traded cannabis producers said “there is an unwritten rule” that companies listed on the Toronto Stock Exchange – the nation’s largest – and its junior Venture Exchange […]

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Major Canadian veggie grower teams with licensed MMJ cultivator

A major vegetable grower in Canada has teamed with one of the nation’s federally licensed medical marijuana cultivators to produce greenhouse-grown cannabis, marking the latest mainstream company to enter the MJ business. Village Farms – a publicly traded grower of tomatoes, bell peppers and cucumbers with greenhouses in Canada and Texas – said in a news […]

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Women hold 5% of board seats in publicly listed Canadian MJ firms

While women are marginalized in executive positions in many business sectors, the numbers in Canada’s cannabis industry are even lower by comparison. The Canadian Press reported that women make up 12% of high-level positions in the 677 companies listed on the Toronto Stock Exchange. By contrast, only 5% of the board seats at publicly traded marijuana companies […]

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Week in Review: Florida acts on MMJ rules, Michigan picks board & Canada eyes more cannabis production

By Bart Schaneman, Omar Sacirbey and John Schroyer The Florida health department plans to establish the state’s medical marijuana rules without legislative input, Michigan appoints a five-member board to set MMJ regulations, and Canada aims to boost cannabis production. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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Canada streamlines medical marijuana licensing process

Canadian regulators have implemented new rules intended to streamline the licensing process for medical marijuana producers, a move aimed at boosting the overall output of MMJ and the number of legal cultivators. The move is likely to speed the process for licensing MMJ producers and shrink the backlog of hundreds of outstanding applicants. Key changes in […]

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