Canada Cannabis News

British American Tobacco, one of the world’s largest tobacco companies, will buy a 20% stake in Canada’s Organigram for about $175.81 million.

A recent BDSA report found that global cannabis sales reached nearly $21.3 billion last year.

Chicago-based Verano Holdings Corp. is now trading on the Canadian Securities Exchange following its reverse takeover of Majesta Minerals Inc. on Wednesday.

Legal adult-use cannabis sales in Canada finally outpaced the unregulated market during the third quarter of 2020, over two years since the country passed legalization.

Springbig, a Florida-based cannabis loyalty marketing company, has acquired Canada’s BudTender, giving the company full access to cannabis retailers across the Great White North.

Several CEOs of Canadian cannabis companies made the list of Canada’s top 100 highest-paid executives in 2019 across all industries.

Aurora Cannabis has announced it will cut production at its Aurora Sky facility to just 25 percent of its previous capacity. The move will also lay off 214 workers.

Ontario’s auditor general said the unregulated cannabis market is still thriving because the legally available products are of lower quality.

CannTrust, the embattled Canadian cannabis producer whose license was suspended amid multiple compliance violations last year, is launching two new brands after an 18-month remediation process.

Canadian cannabis activists and law enforcement agencies both say that product from personal medical cannabis grows is being diverted into the unregulated market.

Canada’s Aphria Inc. is purchasing SweetWater Brewing Co. — based in Atlanta, Georgia — for approximately USD $300 million.

Canada’s Aurora Cannabis reported a slight increase in 2021 Q1 revenue over the fourth quarter of last year.

Canadian researchers found that 43.5 percent of patients who started using medical cannabis to mitigate harmful alcohol consumption were able to reduce the frequency of their alcohol use.

A recent survey suggests that most Canadian cannabis consumers are not comfortable talking about their cannabis use with their parents.

Aurora Cannabis is facing a class-action lawsuit that alleges the company made “false and misleading statements” about its business, operational, and compliance policies.

Canada’s MediPharm and European pharmaceutical firm STADA have signed an exclusive supply agreement for the distribution of medical cannabis products in Germany.

Despite mass layoffs and losses exceeding $3 billion for the 2020 fiscal year, Aurora Cannabis executives received a 58 percent boost to their compensation awards — which totaled $9.8 million — and cash bonuses amounting to $700,000.

Canadian cannabis events company Lift & Co. filed for bankruptcy after its events-based cash flow dried up due to coronavirus restrictions.

The Canadian Automobile Association (CAA) has released a public education campaign that discourages teens and young adults from driving after eating cannabis-infused edibles.

A survey of Canadian cannabis users found 72% say they don’t fit the “stoner” stereotype commonly depicted in movies and TV.

Canada’s agriculture sector avoided the general economic decline caused by the COVID-19 pandemic because of a significant boost in cannabis sales.

Eight Canadian cannabis brands sent a joint letter to the Royal Canadian Mounted Police requesting law enforcement action against Weedmaps, who they say is hindering the legal industry by listing unlicensed dispensaries.

California cannabis company Vibe Bioscience is set to acquire Cathedral Asset Holding Corporation, a wholly-owned subsidiary of Ventura Cannabis and Wellness Corp.

The United States spent $1.49 billion on cannabis research between 2000 and 2018. Most of the funds were directed at understanding the potential harms of cannabis use.