Mugglehead · Page 13

Aurora Cannabis reports losses but maintains strong cash position in Q3 2023
Jun 14, 2023, 8:37 pm By Natalia Buendia Calvillo
Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) lost $87 million in the last quarter primarily due to restructuring costs and challenges in the cannabis industry, including market saturation and regulatory hurdles. Despite these losses, the company says it has…

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Avicanna teams up with Langara College to research cannabinoid formulations
Jun 13, 2023, 4:25 pm By Natalia Buendia Calvillo
Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) has signed a partnership with Vancouver’s Langara College research arm to look at the company’s proprietary cannabinoid-based formulations and pharmaceutical pipeline. The company announced the…

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SQDC’s growth stalls amid labour dispute despite higher earnings
Jun 12, 2023, 7:58 pm By Natalia Buendia Calvillo
Following four years of consistent growth in its sales network, the Société québécoise du cannabis (SQDC) has reached a plateau due to the ongoing labour dispute that started in May last year. The Quebecois provincial cannabis retailer announced its fiscal…

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TerrAscend acquires Maryland dispensary for US$22.1M
Jun 9, 2023, 12:03 am By Rowan Dunne
Toronto’s TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) has strategically expanded its retail footprint in Maryland by purchasing a large dispensary there prior to the state’s adult-use sales commencing in July. On Thursday, the company announced that it had…

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First cannabis-friendly concert in Illinois kicks off this September
Jun 7, 2023, 9:41 pm By Rowan Dunne
A two-day cannabis-themed concert featuring artists known for their love of the plant like Cypress Hill will be making its way to Illinois this September. Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF) announced the upcoming concert on Wednesday, which…

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Fire & Flower files for creditor protection due to high losses and competition
Jun 6, 2023, 8:34 pm By Natalia Buendia Calvillo
Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) has filed for granted creditor protection because of high losses every year since operations started. Due to intense competition from the legal and illegal market as well as high operational costs, the…

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Trulieve winds down Massachusetts operations, closes California shop
Jun 2, 2023, 5:59 pm By Rowan Dunne
The United States cannabis distributor Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) plans to wind down its operations in Massachusetts and is closing its Grover Beach retail outlet in California. The company announced the moves on Thursday which are part…

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Manitoba revokes 6% Social Responsibility Fee on cannabis retailers
May 31, 2023, 11:22 pm By Rowan Dunne
Manitoba’s legislature passed a bill on Tuesday eliminating the province’s 6 per cent Social Responsibility Fee (SRF) imposed on legal cannabis retailers at the beginning of last year. The fee was originally intended to help fund public education, health…

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Pop’s Cannabis opens Mississauga’s first licensed cannabis retail store
May 31, 2023, 9:40 pm By Natalia Buendia Calvillo
Pop’s Cannabis Co. is the first company to open a store in Mississauga after regulations banning retail cannabis shops were modified last April. The store is located in Clarkson Crossing at 960 Southdown Rd Unit C7 and is aiming to open a second location in…

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Clever Leaves ships first cannabis extracts to Switzerland
May 30, 2023, 11:35 pm By Rowan Dunne
Colombia’s Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) has expanded its global footprint by making its first-ever cannabis shipment to Switzerland. The company announced on Tuesday that its Swiss distribution partner Astrasana Holding AG had received…

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Organigram invests up to $8M in Phylos Bioscience to commercialize THCV products
May 30, 2023, 5:24 pm By Rowan Dunne
Toronto’s Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has made its first American investment by partnering with a seed genetics company that will help it market products infused with a rare cannabinoid. On Thursday, Organigram announced that it would…

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CBG market to be worth US$52.5B more by 2033: Fact.MR
May 25, 2023, 9:15 pm By Rowan Dunne
The market for the less well-known cannabinoid cannabigerol (CBG) will be worth US$60.84 billion by 2033, according to a new report from the Maryland-based market researcher Fact.MR. The firm released its CBG report on Thursday, which indicated that the market…

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Tilray expands portfolio in Italy, partners with cancer researchers
May 25, 2023, 5:27 pm By Natalia Buendia Calvillo
Leading Canadian cannabis producer Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY) has received authorization from Italy’s Ministry of Health to distribute three new medical cannabis compounds in the country. The company also announced Thursday it will be…

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Clever Leaves sends first cannabis shipment to Portugal
May 25, 2023, 4:58 pm By Natalia Buendia Calvillo
Clever Leaves Holdings Inc. (NASDAQ: CLVR, CLVRW) is set to send its Colombia-grown and extracted cannabis concentrates to Portugal for the next five years. The Canadian company with primary operations in Colombia announced the first shipment on Thursday where…

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RETRO launches infused pre-roll with 55% THC
May 24, 2023, 11:11 pm By Natalia Buendia Calvillo
A Prince Edward Island-based craft cannabis producer has launched the most potent infused pre-roll in the Canadian market with an astounding 55 per cent of THC. The craft cannabis company RETRO Cannabis & Hemp Extracts announced the Potent Pete! pre-roll on…

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Ovation Science to distribute topical cannabis products in Pennsylvania
May 24, 2023, 9:44 pm By Rowan Dunne
Vancouver’s Ovation Science Inc. (CSE: OVAT) (OTC: OVATF) is set to bring its topical cannabis products to Pennsylvania after signing a distribution agreement with a local cannabis company. On Wednesday, the company announced that it would be distributing…

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Edibles are unpopular in Canada because of low THC regulations: Headset
May 24, 2023, 12:06 am By Natalia Buendia Calvillo
Edibles are one of the least popular cannabis products in Canada because of the tight regulation around THC limits per package, according to a new analysis by the cannabis market analytics firm Headset. The firm published an analysis last week looking into the…

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Organigram enters Germany’s medical cannabis market
May 23, 2023, 11:45 pm By Rowan Dunne
Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has added Germany to its list of international markets after securing a new supply agreement with Berlin’s Sanity Group. The Canadian cannabis company announced the milestone on Tuesday and will be providing…

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BZAM to sell medical cannabis in U.K via pot distributor 4C LABS
May 23, 2023, 7:25 pm By Natalia Buendia Calvillo
BZAM Ltd. (CSE: BZAM) (US-OTC: BZAMF) is set to bring its pot overseas after signing a partnership with a medical cannabis distributor operating in the United Kingdom. The company’s subsidiary The Green Organic Dutchman Ltd. announced Tuesday it signed a…

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Curaleaf Holdings reports Q1 results, net loss lowers by 378%
8:17pm By Rowan Dunne
The international cannabis distributor Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) saw a 14 per cent YoY net revenue increase and decreased its net losses by nearly 400 per cent from the previous quarter during Q1 this year. On Wednesday, the company…

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