Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following […] Read more
Tag Archives legalization
Canopy Growth Q4 revenue beats as cannabis sales soar
Cannabis tax revenue below projections in early months
Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data […] Read more
Pot firm Canopy’s loss widens as spending surges
Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use […] Read more
Sober start as recreational marijuana becomes legal in Canada
Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities […] Read more
Regulator finds cannabis company disclosures inadequate
Toronto | Reuters — A Canadian regulatory group said on Wednesday that it had found that the level and quality of disclosure by cannabis companies was insufficient. The Canadian Securities […] Read more
Aurora Cannabis plans U.S. stock listing in October
Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. […] Read more
Recreational marijuana sales in Canada face fresh delays
Ottawa | Reuters — The sale of legalized recreational marijuana in Canada, which has already been pushed back once beyond the planned July start date, is set to be delayed […] Read more
Marijuana can only go on sale months after federal law passes
Ottawa | Reuters — Recreational marijuana in Canada will only go on sale a few months after it is legalized later this year because the new retail system needs time […] Read more
Constellation hedges bets on pot boom with Canopy stake
Reuters — Constellation Brands has bought a nearly 10 per cent stake in Canadian cannabis producer Canopy Growth Corp. for about $245 million, making it the first major wine, beer […] Read more
Feds introduce cannabis legalization bill
The federal government is set to decriminalize cannabis possession and use and to allow limited home-grown pot plants starting in mid-2018, while sticking close to the existing licensing system for […] Read more