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President of NB Liquor and Cannabis NB resigns and returns to private sector
FREDERICTON – The president of NB Liquor and Cannabis NB has resigned after 16 months on the job. The Crown corporation said in a news release that Patrick Parent has decided to return to the private secor in a CEO…
Canopy Growth signs deal valued at $297M to give up stake in Canopy Rivers
SMITHS FALLS, Ont. – Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis…
Legal pot gains market share in Ontario, but progress will slip next quarter: OCS
TORONTO – Ontario’s legal cannabis industry is gaining ground in its fight against the illicit market, but the progress likely won’t last long because of COVID-19 lockdowns. The Ontario Cannabis Store said Thursday that between the start of July and…
Aphria and Tilray to merge, will use Tilray name and explore U.S. market
In the latest sign of the cannabis industry’s efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canada’s most prominent pot companies said Wednesday that they plan to merge.…
Canopy Growth to close five facilities across Canada, lay off 220 workers
TORONTO – Canopy Growth Corp. will cease operations at five facilities across the country and lay off more than 200 workers — the latest in a series of dramatic cuts the cannabis company and several others have made this year.…
CannTrust relaunches two brands following illegal cultivation, CCAA filing
VAUGHAN, Ont. – CannTrust Holdings Inc. is staging a comeback more than a year after its licences were suspended for illegally growing thousands of kilograms of dried cannabis in unlicensed rooms. The Vaughan, Ont., cannabis firm announced Wednesday that it…
Aurora Cannabis lays off 30 staff, ‘indefinitely’ pauses operations at Alta. facility
EDMONTON – Aurora Cannabis Inc. says it is indefinitely pausing operations at one of its Alberta facilities and laying off a few dozen staff. The Edmonton-based cannabis company says the pause will occur at its Aurora Sun property in Medicine…
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