


Aurora Cannabis blames $1-billion net loss in Q3 on pricing pressures, COVID-19
Aurora Cannabis Inc. blamed a more than $1-billion net loss it incurred in its most recent quarter on pricing pressures that were exacerbated by pot shops closed temporarily during the COVID-19 pandemic. The third-quarter loss the Edmonton cannabis business reported…

Cartels in Oregon are morphing their pot-growing ops: police
SALEM, Ore. (AP) — Foreign drug cartels that established illegal outdoor marijuana farms in Oregon last year are adapting as pressure on them begins to mount, law enforcement officials said Thursday. New challenges are emerging as a task force created…

First patient in Quebec gets approval from Health Canada for magic mushroom therapy
MONTREAL – When Thomas Hartle indulges in a session of psilocybin treatment, the end-of-life anxiety, distractions and noises associated with his terminal colon cancer go away. "Before the treatment, it’s like you’re sitting in your car. It’s summer. You have…

Big cross-border tunnel found linking Tijuana, San Diego
SAN DIEGO (AP) — U.S. authorities on Monday announced the discovery of a major drug smuggling tunnel — running about the length of a six football fields — from Mexico to a warehouse in an industrial area in the U.S.…

Baron Cohen drops lawsuit over Massachusetts cannabis dispensary billboard
SOMERSET, Mass. (AP) — Actor Sacha Baron Cohen has dropped his lawsuit against a Massachusetts cannabis dispensary that used an image of his character Borat on a billboard without his permission. A document filed in Boston federal court on Tuesday…

Pot company Canopy Growth shares plan to acquire California’s Jetty Extracts
Canopy Growth Corp. has signed a deal that will give it the right to acquire California cannabis company Jetty Extracts, if the U.S. federally legalizes the main ingredient in marijuana. The deal announced Wednesday is structured as two separate option…

More than ton of pot found in semi-trailer in Detroit
DETROIT (AP) — More than a ton of marijuana has been seized from a tractor-trailer truck in southwest Detroit. The pot was detected during an inspection on May 11 by Customs and Border Protection officers at a cargo facility near…

OSC withdraws some charges against former CannTrust leaders at pretrial hearing
VAUGHAN, Ont. – Three former CannTrust Holdings Inc. leaders accused of securities offences have had some charges dropped, the Ontario Securities Commission said Tuesday, though the fraud charges remain. The withdrawn charges against Peter Aceto, Mark Litwin and Eric Paul…

Canopy Growth reports Q4 net revenue down 25 per cent from year ago
Canopy Growth Corp.'s shift toward premium cannabis helped the company report a smaller quarterly loss compared with a year ago, but it wasn't enough to prevent a 25 per cent drop in revenue. The Smiths Falls, Ont. cannabis company behind…

Alberta pot regulator sees complaints about sales data in exchange for product deals
Alberta’s cannabis regulator sent a warning to pot retailers and suppliers after receiving complaints about agreements requiring marijuana producers to purchase sales data in exchange for shops carrying their products. Alberta Gaming, Liquor and Cannabis spokesperson Karin Campbell says forcing…

Attempt to override veto of marijuana legalization in Delaware fails
DOVER, Del. (AP) — A bid to override Democratic Gov. John Carney’s veto of a bill legalizing possession of up to one ounce of marijuana by adults for recreational use failed Tuesday in the state House, likely ending efforts this…

Cannabis companies Tilray and Hexo revise terms of debt deal
GATINEAU, Que. – Tilray Brands, Inc. and Hexo Corp. have revised the terms of a US$211 million deal the cannabis companies signed that could see Tilray own a stake in its rival. The companies say the deal now includes an…

Pot company Hexo’s restructuring to include loss of 450 jobs, Ont. facility closure
GATINEAU, Que. – Hexo Corp. says its ongoing plan to streamline the cannabis business and cut costs includes the reduction of 450 jobs. The Gatineau, Que.-based marijuana producer says in financial filings that the reduction will result in annualized savings…

Brazil court approves home grown cannabis for medical use
BRASILIA, Brazil (AP) — A top court in Brazil on Tuesday authorized three patients to grow cannabis for medical treatment, a decision that is likely to be applied nationwide in similar cases. A five-judge panel of the country’s Superior Court…

Cannabis company Hexo’s Zenabis subsidiary files for CCAA protection
GATINEAU, Que. – Cannabis company Hexo Corp. says Zenabis Global Inc., a wholly owned subsidiary, has filed for protection under the Companies’ Creditors Arrangement Act. The company says Zenabis made the filing in Quebec Superior Court to restructure its business…

