Organigram revenue soars in first full quarter of recreational sales

Organigram revenue soars in first full quarter of recreational sales
MONCTON, N.B. — Cannabis producer Organigram Holdings Inc. reported a loss of $6.4 million in its latest quarter as its revenue soared in its first full quarter of adult-use recreational sales. Net revenue totalled $26.9 million, up from $3.4 million. The company says its loss amounted to five cents per diluted share for the quarter ended Feb. 28 compared with a... Read More

Cannabis firm Aphria Inc. reports $108.2M third-quarter loss, revenue up

Cannabis firm Aphria Inc. reports $108.2M third-quarter loss, revenue up
LEAMINGTON, Ont. — Cannabis company Aphria Inc. reported a loss of $108.2 million in its latest quarter as it took a one-time non-cash charge related to its operations in Latin America that were the focus of a short-sellers. Aphria says the Ontario Securities Commission requested it perform an impairment test on its LATAM assets and the company determined it should... Read More

Canada to boost presence overseas to attract more international students

Canada to boost presence overseas to attract more international students
OTTAWA — Canada plans to attract more international students by expanding its presence overseas in an effort to advance classroom diversity and boost economic benefits that already amount to billions per year. The economic effects of foreign students nearly doubled between 2010 and 2016, when they reached a total of $15.5 billion in Canada for everything from tuition fees to rent and groceries, according to a federal analysis. To put that in perspective, the document says the sector supported nearly... Read More