International Marijuana Business News

Hexo, Green Organic Dutchman’s woes may be a harbinger for Canadian cannabis businesses, analysts say

Some Canadian cannabis companies are facing a financial squeeze because of the country’s slow rollout of recreational marijuana stores and a dwindling pool of available funding. Quebec cannabis producer Hexo Corp.’s lower fourth-quarter revenue projection and Ontario-based The Green Organic Dutchman’s capital issues could be a sign of things to come for companies with unduly […]

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Price gap grows in Canada between legal, illicit cannabis

The difference between the average price of regulated and illegal cannabis across Canada widened in the quarter ending September, according to new data from Statistics Canada. The average price of legal cannabis prices dropped to 10.23 Canadian dollars per gram ($7.68) in the third quarter, a decline from CA$10.65 per gram in the second quarter. […]

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Analysis: German sales of insured medical cannabis soar in second quarter

Sales of medical cannabis covered by insurance continue to increase in Germany, reaching new highs in the second?quarter,?according to newly released data. The steady growth in sales in the world’s largest importer of medical marijuana is a good sign for the global industry, and it comes as several countries are gearing up to start large-scale […]

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Citing ‘consistent failure,’ Aleafia nixes cannabis supply deal with Aphria

Toronto marijuana company Aleafia Health intends to cancel a supply agreement with Aphria, citing a “consistent failure” to meet its obligations to provide cannabis. The industry has grappled with supply issues since legalization, but until now, few companies have?taken action over contractual shortfalls. The dispute between the Ontario-based companies could therefore be a sign of […]

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Brazil postpones vote on key marijuana proposals, raising questions about their future

Voting on?resolutions?to regulate the cultivation and registration of cannabis-based medicines in Brazil has been postponed, the Agência Nacional de Vigilancia Sanitária – or National Sanitary Surveillance Agency (ANVISA) –?announced?Monday. Voting was originally scheduled to take place Tuesday. The delay throws the future of the groundbreaking proposals in doubt. The reason given for the postponement was […]

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German cannabis firm Demecan secures 7 million euros in financing

German medical cannabis company Demecan has?secured?7 million euros ($7.6 million) in financing to?expand production in Europe’s largest medical market. The fresh capital – from?btov Partners, a European venture capital firm,?and a German single family office – comes as international companies establish footholds in the important European Union market. Constantin von der Groeben, Demecan’s managing director, […]

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Date looms for Brazil decision on medical cannabis growing, product registration

Brazil’s Agência Nacional de Vigilancia Sanitária – aka National Sanitary Surveillance Agency (ANVISA) – is expected to vote next week on two draft resolutions which could have sweeping ramifications for the medical cannabis industry. If approved, the proposals would for the first time regulate the domestic cultivation of medical cannabis in Brazil and create a […]

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‘Groundbreaking’: 48North’s purchase of US cannabis company signals major shift by TSX Venture Exchange

The TSX Venture Exchange (TSXV) appears to be easing its opposition toward Canadian cannabis companies buying U.S. marijuana businesses. The move would mark a major shift for the Canadian exchange and could open the door to more cross-border acquisitions – provided the deals meet strict conditions. The apparent change in stance comes after a Canadian […]

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Canopy cannabis woes drives huge loss at alcohol giant Constellation

Constellation Brands, the New York-state based alcohol giant, on Thursday reported a net loss of $525.2 million in its most recent quarter, with most of the loss coming from its 38% stake in cannabis company, Canopy Growth. The red ink underscores the uncertainties mainstream companies face when partnering with a business involved in the emerging […]

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