Licensed marijuana producer Aphria Inc. announced an agreement Monday to buy medical cannabis firm Nuuvera Inc. in a cash-and-stock deal that it says values the company at $826 million.
Tag Archives: Producer
Canada’s No. 2 marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc for C$1.1 billion ($852 million) as companies jostle to benefit from the country’s legalization of recreational marijuana use later this year.
On Jan. 4, 2018, Canadian marijuana producer Aurora Cannabis (TSX: ACB) announced its decision to team up with Denmark-based Alfred Pedersen & Son in an effort to cultivate and eventually sell marijuana throughout Europe.
All it took was a little marijuana to lift this Canadian town’s spirits. Smiths Falls, Ontario is seeing a revival of fortunes since medical marijuana producer Tweed Inc. set up shop four years ago in an abandoned Hershey Co. chocolate factory.
Canada’s Canopy Growth Corp said it would form a joint venture with privately owned Canopy Rivers Corp and Quebec-based tomato producer Les Serres Stéphane Bertrand to grow cannabis in a tomato greenhouse.
Canada’s weed stocks, which have surrendered some of the potent gains that pushed them to record highs this month, face a bumpy ride in 2018 that could purge smaller players, as the country moves to allow recreational use of cannabis in July.
Shares of Canopy Growth Corp. (TSX:WEED) have climbed a stunning 53.8% month over month as of close on November 1. With all of this in mind, has Canopy established itself as the premier cannabis stock for Canadians?
During the World Wars, hemp was considered a national necessity in the United States, so much that some even consider it a cash crop. Wisconsin was the second largest hemp producer during this time, right behind Kentucky. The history of marijuana in Wisconsin dates back as early as 1908, when hemp was grown experimentally.
Most interviews with Cam Battley — Aurora Cannabis Inc.’s zealous executive vice-president — inevitably yield considerable enthusiasm about the company’s outlook.
Whereas most weed businesses are working harder than ever to increase their grow capacity, Cronos Group is a company that’s trying to work smarter. Based in Canada, Cronos Group is an investment firm that primarily invests in Canadian-based pot companies involved in Canada’s medical-marijuana industry.
Identifying companies in great financial health is important when investing in an industry like marijuana. That being said, the Canadian marijuana stocks on our list all have current ratios of at least 10x, and debt to equity ratios under 20%.
There have been two interesting developments with marijuana producers Aurora Cannabis Inc. (TSXV:ACB) and Aphria Inc. (TSX:APH).
MedReleaf is one of less than four dozen licensed producers and retailers of medical cannabis products in Canada. The company was founded just four years ago, and it focuses on supplying dried cannabis, cannabis oils, and cannabis oil capsules to qualified medical patients in Canada.
In April, investors were privy to the very first marijuana stock ETF, which debuted on the Toronto Stock Exchange with slightly more than a dozen holdings. This represented the very first time a basket fund was created for investors to easily diversify their pot-stock holdings. And last week, investors witnessed another marijuana first: the largest North American marijuana stock IPO of all-time.
Aphria Inc. is the newest weed company to graduate to the TSX. The stock has been faring better than its peers, Canopy Growth Corp. and Aurora Cannabis Inc. over the past few months.
VANCOUVER, British Columbia, Feb. 22, 2017 /Weed Wire/ — MYM Nutraceuticals Inc. (CSE:MYM) (the “Company” or “MYM”) is pleased to announce that it has completed its acquisition of a majority interest in Sublime Culture Inc. (“Sublime”) and its inspection-stage application to become a Licensed Producer of medical cannabis.
PORTLAND, Ore., June 10, 2016 /Weed Wire/ — The Oregon Liquor Control Commission (OLCC) will begin publishing a list of licensees approved to receive Recreational Marijuana Licenses.
The cannabis industry is growing in every respect and events are no exception. From small regional meetings to full-scale 3-day expos across the United States, an industry enthusiast could spend 85% of the year going to events. But which ones are worth it?
PORTLAND, Ore., June 2, 2016 /Weed Wire/ — The Oregon Liquor Control Commission (OLCC) has approved 10 Recreational Marijuana producer licenses and also has delegated authority to the OLCC’s Executive Director to issue recreational marijuana licenses.
PORTLAND, Ore., May 26, 2016 /Weed Wire/ — The Oregon Liquor Control Commission has approved eight Recreational Marijuana producer and wholesale licenses.
PORTLAND, Ore., May 20, 2016 /Weed Wire/ — The Oregon Liquor Control Commission has approved 14 Recreational Marijuana producer and wholesale licenses.
On April 1, 2016, the Oregon Liquor Control Commission issued an up-to-date report on the number of marijuana applications it has received, with the application statistics organized by the county of the proposed premises.
On March 14, 2016, the Oregon Liquor Control Commission issued an up-to-date report on the number of marijuana applications it has received, with the application statistics organized by the county of the proposed premises.
Oregon’s Measure 91 permits four license types for the recreational cannabis industry: producer, processor, wholesaler and retailer. A company can apply for all four, thus setting itself up as a vertically integrated operation; it can apply for one only; or it can mix and match, to carve out its own niche.
As Oregon prepares for the legalization of recreational marijuana on July 1, 2015, state legislators are considering making changes to how recreational marijuana is taxed. Those in support of the changes see it as a more workable solution than a harvest tax, but those in opposition see it as just another cash grab by politicians.
On April 3, 2015, the Washington state Senate approved a measure that would replace the current three-tiered excise tax on cannabis with a single 37 percent tax to be paid on retail sales.