Competition Bureau approves Metro’s transfer of 10 pharmacy interests in Quebec

Competition Bureau approves Metro’s transfer of 10 pharmacy interests in Quebec
OTTAWA — The Competition Bureau says it’s approved the transfer of Metro Inc.’s interests in 10 retail pharmacies in Quebec to two other companies. The bureau and Metro reached an agreement in 2018 to address competition concerns around the grocer’s $4.5-billion acquisition of The Jean Coutu Group Inc. A bureau review found the deal would likely lead to substantially higher... Read More

Tilray, U.S. brand group partner on cannabis-infused consumer products

Tilray, U.S. brand group partner on cannabis-infused consumer products
Licensed producer Tilray Inc. has teamed up with the U.S. company behind brands such as Juicy Couture, Aeropostale and Nine West to develop and sell co-branded consumer cannabis products globally, with items expected to hit U.S. and Canadian shelves within the next year. The Nanaimo, B.C.-based company announced Tuesday the long-term revenue sharing agreement with Authentic Brands Group, to whom Tilray will initially pay... Read More

Aphria chief executive and co-founder stepping aside from executive roles

Aphria chief executive and co-founder stepping aside from executive roles
Aphria Inc.’s chief executive will step down from the top job after the “toll on health, family and personal priorities,” but Vic Neufeld says the decision is unrelated to recent short-seller allegations that have hit the cannabis producer’s stock. The Leamington, Ont.-company also announced Friday that co-founder Cole Cacciavillani will also leave his current role in the coming months, but both he and Neufeld... Read More

Shoppers Drug Mart lights up medical cannabis e-commerce sales portal

Shoppers Drug Mart lights up medical cannabis e-commerce sales portal
BRAMPTON, Ont. — Shoppers Drug Mart’s e-commerce platform for medical cannabis launched Tuesday, a month after Health Canada licenced the company to sell the product online. Product information is available nationally, but Shoppers Drug Mart can initially only sell medical cannabis to patients in Ontario. Patients will be required to take a medical document similar to a prescription to an Ontario pharmacy to begin the process. Specialized... Read More

Former CanniMed CEO launches new pot company, but won’t be growing weed

Former CanniMed CEO launches new pot company, but won’t be growing weed
TORONTO — The former chief executive of licensed producer CanniMed Therapeutics Inc. has a budding new cannabis business largely made up of his former employees — but his newest venture won’t involve growing pot. Brent Zettl says his biopharmaceutical company Zyus Life Sciences Inc. will instead buy cannabis from licensed producers and focus on extraction and development of plant-based medicinal products for the global medical market. He says he started... Read More

Aphria says hostile bid from Green Growth undervalues cannabis company’s stock

Aphria says hostile bid from Green Growth undervalues cannabis company’s stock
TORONTO — Aphria Inc. says a hostile takeover bid presented to its board by Green Growth Brands is “quite risky” and significantly undervalues the company, which is one of the biggest players in Canada’s legal cannabis market. Ohio-based Xanthic Biopharma Inc., which does business as Green Growth Brands, announced its hostile takeover bid for Aphria after stock markets closed Thursday. Green Growth... Read More

Labatt partners with cannabis producer Tilray to create research joint venture

Labatt partners with cannabis producer Tilray to create research joint venture
TORONTO — The parent company of Labatt Breweries of Canada has struck a research deal with Tilray Inc. that’s expected to result in the creation of a variety of non-alcoholic beverages containing some of the active ingredients found in cannabis. Tilray chief executive Brendan Kennedy says that the B.C.-based cannabis producer and the Canadian arm of brewing giant Anheuser-Busch InBev will set up a joint venture to... Read More

Tilray, Sandoz have new agreement for developing market for medical cannabis

Tilray, Sandoz have new agreement for developing market for medical cannabis
NANAIMO, B.C. — Marijuana company Tilray Canada Ltd. has signed a new agreement to collaborate with Sandoz AG, part of the Novartis pharmaceutical group. The companies say they will work together to increase the availability of high quality medical cannabis products across the world. They say it’s an evolution of an existing alliance between Tilray and Sandoz Canada. Financial terms weren’t disclosed.... Read More

Aphria signs medical marijuana supply deal with company in Paraguay

Aphria signs medical marijuana supply deal with company in Paraguay
LEAMINGTON, Ont. — Marijuana producer Aphria Inc. has signed a letter of intent to supply a company in Paraguay with medical cannabis. Under the agreement, Aphria will supply Insumos Medicos S.A., a pharmaceutical manufacturing, import and distribution company. Aphria says Insumos will undertake the registration of the Canadian company’s products in Paraguay and the appropriate licensing for the import of... Read More