Canopy Growth Reaches New York Stock Exchange

Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but after opening as high as $32.00 in pre-market trading, shares dropped 6.66 percent to $28.20 by the market’s close. It’s the first cannabis company to list on the NYSE and Midas Letter notes that their […]

Read More - -

Tags: , , ,

Medical Cannabis Company with Colombian Operations Begins Trading on Canada’s TSX Venture Exchange

Canada-based medical cannabis company Khiron Life Sciences Corp begins trading on the TSX Venture Exchange today under the “KHRN” symbol. While the company is based in Canada, its core operations are in Colombia, where they were one of the first companies to receive a medical cannabis license in the Latin American nation. “We are pleased […]

Read More - -

Tags: , , ,

Aurora Cannabis Invests $1M in Canadian Drug Delivery Company

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that […]

Read More - -

Tags: , , ,

Zimbabwe MMJ Licensing Plans on Hold Due to ‘Crazy’ Estimates

Zimbabwe is backing off medical cannabis cultivation licensing plans after receiving wildly varied estimates from the 350 applicants interested in the program, the South African reports. Deputy Finance Minister Terrence Mukupe said that too many of the applications offered far different estimates for how much land would be required to grow cannabis and how much money […]

Read More - -

Tags: , ,

Canopy Rivers Offering $1M Seed Capital to June ‘Pitch Day’ Winners

Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro Cannabis, Macro Impact” program that will see the company provide $1 million in seed capital to burgeoning canna-businesses. Prospective companies should intend to or should be in the process of applying for a Health Canada […]

Read More - -

Tags: , ,

Canada’s Maricann to Acquire Malta’s Medican Holdings in Stock and Cash Deal

Maricann Group Inc. has agreed to acquire Medican Holdings Ltd, whose subsidiary Medican Research Group is one of six companies that has received a medical cannabis license in the Republic of Malta. The cash-and-stock deal is worth $10.1 million, comprised of $7.6 million in common shares at no less than $2.35, and $2.5 million in […]

Read More - -

Tags: , , ,

Canada’s Canopy Growth Applies for NYSE Listing

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

Read More - -

Tags: , , ,

Aurora Cannabis Reaches Deal to Acquire MedRealf in C$3.2B Stock Deal

Aurora Cannabis Inc. is set to acquire MedReleaf Corp. in an all-stock deal worth C$3.2 billion. Under the agreement MedReleaf common stock shareholders will receive 3.575 Aurora common shares for each MedReleaf share and upon completion existing Aurora shareholders would own 61 percent of the pro forma company while existing MedReleaf shareholders would own 39 […]

Read More - -

Tags: , ,

Canadian PM Trudeau: Cannabis Will be Legal this Summer

Canadian Prime Minister Justin Trudeau has pledged that cannabis will be federally legal in the nation by this summer despite the recommendations of several Senate committees to delay the reforms’ implementation, CBC News reports. “We have been working with our partners across the country to make this happen and we are going to be moving […]

Read More - -

Tags: , , , ,

Ontario Government Awards $300K Grant for Cannabis Beer Project

The Ontario, Canada government has awarded a $300,000 research grant to Province Brands of Canada to help them develop a beer brewed with cannabis, the Ottawa Citizen reports. The Toronto-based company will work with Loyalist College to develop the beer. Edibles are not included in the federal legalization plan but lawmakers have indicated they would […]

Read More - -

Tags: , , ,

Canadian Senate Committees Recommend Delaying Rec. Cannabis Bill

Canadian Prime Minister Justin Trudeau is non-committal about whether he is willing to delay implementing the bill to legalize cannabis for adult use in the nation as Senate committees recommend changes to the landmark legislation, the Canadian Press reports. The chamber’s Aboriginal Peoples Committee released a report on Tuesday urging Liberals to delay the measure […]

Read More - -

Tags: , , ,

Zimbabwe Legalizes Medical Cannabis Cultivation

Zimbabwe has opened applications for licenses to cultivate cannabis for medical and research purposes, according to a Reuters report. The approval makes Zimbabwe the second country in Africa to legalize cannabis cultivation after Lesotho approved its own regulations last year. The licenses will be valid for five years. They will allow growers to possess, transport, […]

Read More - -

Tags: , , ,

Report: Colorado’s Dixie Brands Considering IPO in Canada

Denver, Colorado-based cannabis beverage maker Dixie Brands is considering launching an initial public offering and listing in Canada aiming toward expansion and acquisitions early next year, according to a Bloomberg report. Dixie CEO Chuck Smith said the company will have revenues of $20 million this year and anticipates revenues of $50 million next year. “We […]

Read More - -

Tags: , ,

U.K. Royal College of Physicians Calls for Legalization of Cannabis, Cocaine, Heroin

The Royal College of Physicians, a professional organization in the United Kingdom which represents 26,000 medical professionals, have called for the legalization of cannabis, heroin, and cocaine saying the criminal justice system is stopping people from seeking help, according to a report from the Sun. The position is in line with a Royal Society of […]

Read More - -

Tags: , ,

Statistics Canada: 14% of Canadians Have Used Cannabis During Last 3 Months

According to the Statistics Canada National Cannabis Survey released Apr. 18, Nova Scotia leads the nation in cannabis use over the last three months, with 20 percent of respondents indicating they have consumed some cannabis during the period. Overall, 14 percent of Canadians admitted to using cannabis during the last three months. Cannabis use in […]

Read More - -

Tags: ,

Cannabis Canada Council Launches as Nation Moves Toward Legalization

Members of Canada’s cannabis industry have formed the Cannabis Canada Council, a single national industry association for the sector. The council includes members of the Cannabis Canada Association, the Canadian Medical Cannabis Council, and operators such as Canopy Growth, Tilray, Aurora Cannabis, MedReleaf, Aphria, Emblem, Cronos Group, Hydroapothecary, Emerald Health Therapeutics, The Supreme Cannabis Company, […]

Read More - -

Tags: , ,

Australian Green Party Proposes Cannabis Legalization

The Australian Parliamentary Budget Office has found that legalizing cannabis throughout the nation would be worth nearly $2 billion a year for the government, according to a Guardian report. The Green Party has proposed a plan to tax-and-regulate cannabis for adults, which, according to the PBO, would raise $3.6 billion over the first four years […]

Read More - -

Tags: , ,

Saskatchewan Canada Opens Cannabis Wholesale Permits

The Saskatchewan Liquor and Gaming Authority is now accepting applications for wholesale cannabis permits and licensed producers. There is no limit in the province on the number of wholesale permits, but those permittees can only sell to retailers and not to the general public. Wholesale permit fees run $5,000, including a $2,000 non-refundable application fee […]

Read More - -

Tags: , ,

Canada’s CannaRoyalty Continues California Push, Reaches Agreement to Acquire FloraCal

Canadian cannabis product and brands company CannaRoyalty is continuing its expansion into California, announcing that it has entered an agreement to acquire 100 percent of Sonoma County’s FloraCal Farms for $1 million in cash and 3,508,772 CannaRoyalty shares on close of the deal, with an additional $3 million in cash and the same number of […]

Read More - -

Tags: , ,

Antigua and Barbuda Legalizes Medical Cannabis

Antigua and Barbuda’s Prime Minister Gaston Browne has announced that the Caribbean nation will legalize medical cannabis use, the Daily Mail reports. Browne said that prohibition was not for the health and well-being of users, rather to serve the “racist, political, and economic interests of the global powers at that time.” Antigua and Barbuda made […]

Read More - -

Tags: ,

Yukon Signs First Rec. Cannabis Supplier

Canadian cannabis producer Tilray affiliate High Park Company has signed an agreement with the Yukon Liquor Corporation to produce and distribute cannabis products in the territory. It’s the first company to come to terms to serve the region. According to a CBC report, Yukon will receive a 50 kilogram shipment once the federal reforms take […]

Read More - -

Tags: , , ,

Aurora Cannabis German Subsidiary Ships MMJ to Italy; First Non-Government Supplier to Italian Market

Aurora Cannabis has shipped medical cannabis to the Italian government, becoming the first non-government supplier to the Italian market. The products were shipped from the Canadian company’s wholly-owned German subsidiary Pedanios GmbH. The products will be distributed through Italian pharmacies. In January, Aurora and Pedanios won a public tender to supply the Italian government with […]

Read More - -

Tags: , , ,

MedMen Proposes Reverse Takeover of Canadian Media Company to Access Stock Market

U.S. cannabis company MedMen has announced a proposed reverse takeover of OutdoorPartner Media, which would enable Medmen — a Los Angeles, California-based company — to trade on the Canadian Securities Exchange. MedMen is vertically integrated in three states, including Nevada, New York, and California, where it operates seven licensed retail dispensaries. The deal is worth […]

Read More - -

Tags: , , ,

NORML Launches Website to Send FDA Public Comments Regarding Cannabis Rescheduling

The Food and Drug Administration is asking for public comment on the international scheduling of cannabis following a request from the World Health Organization. “The Food and Drug Administration (FDA) is requesting interested persons to submit comments concerning abuse potential, actual abuse, medical usefulness, trafficking, and impact of scheduling changes on availability for medical use […]

Read More - -

Tags: , , , ,

You are viewing cannabis news and information related to International Cannabis News. View all cannabis news >>