Canadian exports of medical cannabis hit an all-time high last year as the county’s licensed producers continue to diversify from the competitive local market in favor of pursuing top-line opportunities overseas.
Matt Lamers
Matt Lamers's Latest Posts
Institutional investor puts $50 million into cannabis operator Canopy Growth
Cannabis producer Canopy Growth raised gross proceeds of roughly $50 million (68 million Canadian dollars) through an exchange and subscription agreement with an institutional investor.
Cannabis retailer High Tide appoints new CFO
Canadian adult-use cannabis retailer High Tide has appointed Mayank Mahajan as the company’s new chief financial officer.
Auditor KPMG dumping cannabis clients over ‘elevated risk’
KPMG in Canada has decided to cease providing financial-statement audit services to businesses in the cannabis industry, marking an incredible turnaround for a company that had raked in millions from the burgeoning sector.
German cannabis imports rise to 34.6 tons as cultivators eye end of quota system
Germany imported a record amount of cannabis for medical and scientific use in 2023, as international businesses looked for sales opportunities in Europe’s largest federally regulated medical marijuana market.
Canada’s cannabis sales rise 1.7% in February year-over-year
Canadian cannabis sales in regulated channels inched higher in February 2024 compared to the same month last year, boosted slightly by the extra day for leap year.
Cannabis MSO Curaleaf completes $16M acquisition of Northern Green Canada
Cannabis multistate operator Curaleaf Holdings completed its acquisition of Northern Green Canada, a licensed producer in Ontario whose focus has been on international markets.
Canada’s canceled licenses, ‘uncollectible’ cannabis taxes soar
The number of canceled cannabis business licenses has soared alongside the amount of “uncollectable” excise tax in Canada.
Canadian producer Heritage Cannabis granted creditor protection
Heritage Cannabis is the latest Canadian marijuana producer to obtain an order for creditor protection as a wave of insolvencies continues to sweep across the nation’s adult-use market.
Canadian marijuana operator Indiva weighs options, including potential sale
Canada’s leading producer of cannabis edibles, Indiva Limited, has hired a financial adviser to help the company evaluate an array of strategic options.
Canopy Growth alum McCarthy takes helm of Cannabis Council of Canada
Cannabis industry veteran Paul McCarthy was appointed president of the Cannabis Council of Canada, the country’s largest industry-supported lobby group.
CEO of Aussie cannabis firm Cann Group resigns amid ‘new strategic direction’
Cann Group Limited CEO Peter Koetsier is resigning from the Melbourne cannabis company for “family reasons,”
