EDMONTON, AB, Nov. 9, 2023 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, today announced its financial and operational results for the second quarter of fiscal year 2024. As the fiscal year 2023 consisted of three quarters, the year-over-year comparison quarter for Q2 2024 ending … [Read more...] about Aurora Cannabis Announces Fiscal 2024 Second Quarter Results and Delivers Record Positive Adjusted EBITDA
Canada
Canadian cannabis sector dips five years since legalization
Output from the Canadian cannabis sector has dropped to $10.8B in July after peaking at $11.6B in November 2022, new research from Statistics Canada indicates as the country marks five years since marijuana legalization. Marijuana use among Canadians has continued to rise since the country legalized the possession and use of recreational cannabis on October 17, 2018, becoming … [Read more...] about Canadian cannabis sector dips five years since legalization
Canadian cannabis farms eligible for federal funding via CA$3.5B program
Canadian cannabis growers and processors are eligible to apply for funding under the new 3.5 billion Canadian dollar ($2.6 billion) Sustainable Canadian Agricultural Partnership program if certain conditions are met, the administrator of the initiative, Agriculture and Agri-Food Canada, told MJBizDaily. Any prospective sources of new funding would be welcome news for Canada’s … [Read more...] about Canadian cannabis farms eligible for federal funding via CA$3.5B program
Cocaine Plays? Meet the Companies With an Angle on Hard Drugs
A Canadian company is betting that illegal drugs such as cocaine are going to follow the path of cannabis. Welcome to my newsletter on the cannabis and psychedelics industries. This week, I take a look at companies that are positioning themselves to benefit from a potential wave of decriminalization of hard drugs, including cocaine. ‘Safe’ supply? If “what are you smoking?” … [Read more...] about Cocaine Plays? Meet the Companies With an Angle on Hard Drugs
Square’s Canadian cannabis deal plants seeds for U.S. growth
Square's first market for cannabis payments is Canada, but that's unlikely to be where things end — the payments company is laying the foundation for the legalization of marijuana in the U.S. market if the regulatory picture becomes more clear. Square has partnered with Jane, an ordering platform service for cannabis dispensaries, to support weed dispensaries in Canada. Square … [Read more...] about Square’s Canadian cannabis deal plants seeds for U.S. growth
Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale
Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct a court-supervised sale of the brand and its property, the Ontario-based company said Thursday. BioSteel, a popular sports nutrition and hydration brand, obtained an initial order for creditor protection under the Companies’ Creditors Arrangement Act … [Read more...] about Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale
Cannabis News Headlines From Around The World
News Americas, NEW YORK, NY, Fri. August 17, 2023: Here are the cannabis headlines making marijuana news globally and in the Caribbean and Latin America this week in less than 60 seconds: Germany’s cabinet voted through plans Wednesday to legalize possession of cannabis as well as community cultivation clubs to serve local communities. Health Minister Karl Lauterbach said the … [Read more...] about Cannabis News Headlines From Around The World
Toronto man charged after disguising cannabis as frozen waffles while entering U.S., officials say
A 22-year-old man from Toronto was arrested at the Niagara Falls border, after U.S. officials say he was smuggling marijuana to the U.S., disguised as waffles. In a release from the United States Attorney's Office for the Western District of New York officials say the man was crossing the Peace Bridge in Niagara Falls, Ont., on July 27. It says he had a semi-trailer and had … [Read more...] about Toronto man charged after disguising cannabis as frozen waffles while entering U.S., officials say
Canadian government among top unpaid creditors of failed cannabis businesses
Canada’s federal government accounts for a growing share of the unpaid debts racked up by failed cannabis companies, lending credence to claims the nation’s nascent adult-use industry is suffering from pricey fees and heavy taxation. A review of recent insolvency filings by MJBizDaily found that the Canada Revenue Agency, the federal tax collection body, and Health Canada, the … [Read more...] about Canadian government among top unpaid creditors of failed cannabis businesses
Aurora Launches Innovative Infused Pre-Rolls with 50%+ THC for Medical Cannabis Patients on AuroraMedical.com
EDMONTON, AB, Aug. 1, 2023 /PRNewswire/ - Aurora Cannabis (NASDAQ: ACB) (TSX: ACB), the Canadian company opening the world to cannabis, has launched its first high-potency infused pre-roll for medical cannabis patients, with more than 50% total THC. Sourdough Shortcuts, launched under the San Rafael '71 brand, are infused with pure live resin THCA diamonds, delivering 50-56% … [Read more...] about Aurora Launches Innovative Infused Pre-Rolls with 50%+ THC for Medical Cannabis Patients on AuroraMedical.com
