Cannabis – Canadian Investor

CannTrust relaunches two brands following illegal cultivation, CCAA filing

December 2, 2020 CanadianInvestor

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 will reintroduce two recreational brands, Liiv and Synr.g, to the Canadian market this month. “We’re confident that when the... Read More

Aurora Cannabis lays off 30 staff, ‘indefinitely’ pauses operations at Alta. facility

November 30, 2020 CanadianInvestor

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 Hat, where it will layoff about 30 workers. Aurora spokeswoman Michelle Lefler says that the moves are expected to... Read More

New Leaf Ventures Launches into Cannabis Infused Edible Products Market

November 24, 2020 Editor

VANCOUVER – New Leaf Ventures Inc. (CSE: NLV) (OTC: NLVVF), a management and investment organization dedicated to evaluating, investing and accelerating advanced stage operations in the North American Cannabis sector is pleased to announce its New Leaf USA venture with brand license operator New Leaf Enterprises have expanded operations to roll out an all-new line of premium infused edibles under the... Read More

Canopy Growth reports Q2 loss, revenue up 77 per cent compared with a year ago

November 9, 2020 CanadianInvestor

SMITHS FALLS, Ont. — Canopy Growth Corp. reported a loss in its latest quarter as its revenue grew 77 per cent compared with a year ago. The cannabis company says its net loss of the quarter ended Sept. 30 was $96.6 million or nine cents per diluted share compared with net income of $242.7 million or 25 cents per diluted... Read More

Aphria to buy U.S. craft brewer in US$300-million deal that may help with expansion

November 4, 2020 CanadianInvestor

LEAMINGTON, Ont. — Aphria Inc. says it will acquire SweetWater Brewing Company in a US$300-million deal. The Leamington, Ont.-based cannabis company says the Atlanta, Georgia craft beer company will help it expand into the U.S. and access the market more quickly in the event of federal legalization. SweetWater will become a wholly-owned subsidiary of Aphria through the deal and will... Read More

Fire & Flower to buy longtime cannabis advocate Friendly Stranger

November 2, 2020 CanadianInvestor

TORONTO — Fire & Flower Holdings Corp. has signed a deal to buy Friendly Stranger Holdings Corp., the longtime cannabis advocate. Under the agreement, Fire & Flower will issue 31.1 million shares to acquire the brand making the proposal worth about $23 million based on Fire & Flower’s share price of 74 cents on Friday. Friendly Stranger was a cannabis... Read More

Cannabis company Hexo proposes share consolidation plan to boost share price

October 30, 2020 CanadianInvestor

OTTAWA — Cannabis company Hexo Corp. announced a plan to consolidate its shares in an effort to regain compliance with the US$1 minimum share price continued listing standard of the New York Stock Exchange. Shares in the company closed at 72 cents US on the New York Stock Exchange on Thursday. Hexo says avoiding a delisting of its shares from... Read More

Aphria reports $5.1M first-quarter loss compared with $16.4M profit a year ago

October 15, 2020 CanadianInvestor

LEAMINGTON, Ont. — Aphria Inc. reported a loss of $5.1 million in its latest quarter compared with a profit of $16.4 million in the same period a year earlier. The cannabis company says the loss amounted to two cents per share for the quarter ended Aug. 31 compared with a profit of seven cents per share a year ago.... Read More

‘I’d be better off going after a bank’: Pot companies beef up security for Croptober

October 13, 2020October 13, 2020 CanadianInvestor

TORONTO — Long before Christina Lake Cannabis purchased its 32 acres of land between two intersecting valleys in B.C.’s lower interior, the mountains above it were firmly established in the annals of pot growing lore. In 2010, the RCMP found 10 or 26 (depending who you ask) black bears defending 1,000 cannabis plants and a house containing a pot-bellied... Read More

Aurora increases executive compensation after layoffs, $3.3 billion in losses

October 2, 2020 CanadianInvestor

Aurora Cannabis Inc. handed out millions in compensation and salary increases to executives as the company was laying off more than 1,000 workers and reporting billions in losses. The Edmonton-based cannabis company’s management proxy circular released this week ahead of the company’s annual meeting in November shows all six of its named executive officers — a company’s most highly compensated... Read More

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