Edmonton marijuana producer Aurora Cannabis is poised to close five of its grow sites across Canada and lay off almost a third of its production workforce. The company on Tuesday […] Read more
Tag Archives marijuana
Aurora Cannabis to shut five Canadian grows
Closures mean layoffs for 30 per cent of firm's production staff
Canopy Growth to close Saskatchewan pot plant
Ontario company stepping out of other international plays
A major indoor cannabis grow site at Yorkton, Sask. is the latest casualty as pot producer/retailer Canopy Growth adjusts its worldwide footprint. Smiths Falls, Ont.-based Canopy Growth, whose cannabis brands […] Read more
Ontario drops weed from essentials list
Officials call for further intervention
Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid […] Read more
As customers hoard pot brownies, weed firms see lockdown boost
Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between […] Read more
Canopy Growth to shut two B.C. greenhouses, cut 500 jobs
Niagara greenhouse plans also shelved
Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also […] Read more
More pain in store for Canadian marijuana companies
Aurora Cannabis, Tilray cut jobs
Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed […] Read more
Cannabis patients boost Aurora edible sales
Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up […] Read more
Pot producer Canopy Growth to stop expanding in Canada
Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus […] Read more
As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets
Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and […] Read more
Mexican Senate set to pass bill to legalize marijuana in next few days
Mexico City | Reuters — Mexico’s Senate will vote for a bill to fully legalize marijuana in the next few days, a key lawmaker told Reuters, marking a major step […] Read more