Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock […] Read more
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Tag Archives marijuana
U.S. hostile play launched for Ontario pot producer Aphria
Altria to marry Canadian pot with big tobacco
Reuters — Marlboro cigarette maker Altria Group announced a $2.4 billion investment in Cronos Group on Friday, which could give it up to 55 per cent ownership of the Canadian […] 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
Cannabis’ cousin hemp entering new age too
CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. […] Read more
Altria reported seeking stake in cannabis firm Aphria
Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details […] Read more
Walmart Canada exploring possible sale of cannabis-based products
Reuters — Walmart’s Canadian unit said Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to get into the business. Walmart is the first […] Read more
Vegetable seedling grower, cannabis grower to merge
A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. […] 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
Big Weed hits up Europe hoping for expansion cash
Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as […] Read more
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