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
Aurora Cannabis to Buy Rival to Create World’s Most Valuable Weed Firm
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.
Aurora Cannabis Partners With Denmark-Based Alfred Pedersen & Son
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.
This Little Canadian Town Has Become the Nation’s Pot Capital
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.
Canopy Growth Forms JV for Greenhouse-Grown Cannabis
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 Weed Stocks Come Off High as Challenges Loom Before Legalization
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.
Can Any Other Cannabis Stock Measure Up to Canopy Growth?
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?
The History of Marijuana in Wisconsin
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.
Aurora Cannabis, a Billion-Dollar Pot Producer, Posts $6M in Revenue
Most interviews with Cam Battley — Aurora Cannabis Inc.’s zealous executive vice-president — inevitably yield considerable enthusiasm about the company’s outlook.
Better Know a Marijuana Stock: Cronos Group
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.
4 Canadian Marijuana Stocks in Great Financial Health
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%.
2 Interesting Developments on 2 Major Marijuana Producers This Month
There have been two interesting developments with marijuana producers Aurora Cannabis Inc. (TSXV:ACB) and Aphria Inc. (TSX:APH).
Better Know a Marijuana Stock: MedReleaf Corp.
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.
Say Hello to the Largest North American Marijuana Stock IPO
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.: Your Ticket to the Canadian Green Rush
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.
MYM Closes Acquisition of Majority Interest in Inspection-Stage Licensed Producer Application
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.
Recreational Marijuana Licensee List Now Available on OLCC Website Information to be Updated Weekly
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.
So many events. So little time. Where’s the value?
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?
Recreational Marijuana Licenses Approved by OLCC Commission Gives Staff Authority to Grant Licenses Moving Forward
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.
OLCC Approves Additional Recreational Marijuana Licenses
PORTLAND, Ore., May 26, 2016 /Weed Wire/ — The Oregon Liquor Control Commission has approved eight Recreational Marijuana producer and wholesale licenses.
OLCC Approves Recreational Marijuana Licenses First Wholesaler Among Newest Group of Licensees
PORTLAND, Ore., May 20, 2016 /Weed Wire/ — The Oregon Liquor Control Commission has approved 14 Recreational Marijuana producer and wholesale licenses.
Oregon Receives 778 Completed Marijuana License Applications
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.
Oregon Receives 669 Completed Marijuana License Applications
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 Recreational Licensing Opens New Vistas
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.
Oregon Legislature Considers Retail Marijuana Tax
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.
Washington State Considers Revising Excise Tax
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.