Organigram reports net revenue of $159.8 million and net loss of $45.4 million in 2024
Organigram reported $247.2 million in gross revenue and $159.8 million in net revenue for fiscal year 2024, ended September 30, but a net loss of…
Aurora announces distribution partnership between MedReleaf Australia and The Entourage Effect
The deal, announced on December 17, 2024 is between The Entourage Effect—which provides comprehensive distribution and support services to pharmacies in Australia—and the Aurora subsidiary…
Court rejects Final Bell’s equity claims against BZAM monitor, again extends stay of proceedings
A judge approved a motion to extend the stay of proceedings between Final Bell and BZAM, and has been again postponed, this time to January…
Organigram acquires Motif Labs, making it Canada’s largest cannabis company by market share
Organigram Holdings Inc. has acquired cannabis extractor Motif Labs Ltd. for $90 million in a stock and cash deal.
Tokyo Smoke emerges from creditor protection with around 57 “go-forward” store locations
Retail chain Tokyo Smoke completed its restructuring process and exited from CCAA protection following final approval from the Ontario Superior Court of Justice.
Entourage Health sees increased revenue from bulk sales and new value-focussed brand
Entourage Health Corp. reported a net loss and comprehensive loss of nearly $8.4 million from $13.6 million in revenue and $9.5 million in net revenue…
Ayurcann reports record sales growth, but continued loss in Q1 2025
Ayurcann Holdings Corp. reported a net loss of $356,711 from $14.8 million in gross revenue and $8.3 million in net revenue for Q1 2025.
CanadaBis Capital reports decline in net income
CanadaBis Capital Inc. reported a positive net income of $600,285 for the year ended July 31, 2024, from consolidated gross revenue of $30.4 million.
MTL Cannabis reports record Q2 2024 revenue
MTL Cannabis Corp brought in $1.3 million in net income from $26.4 million in total revenue for the three months ended September 30, 2024 (Q2…
The Good Shroom reports net profits of $40,000 for 2024
The Good Shroom Co. Inc., cannabis and cannabis-infused products for the Canadian market, reported $3.9 million in net revenue in the year ended July 31,…
Year-over-year increase in both net revenue, loss for Greenway in Q2 2025
The Greenway Greenhouse Cannabis Corporation reported $1.8 million in gross and net revenue of $1.8 million in Q2 2025 but an operating loss of $770,347…
Cannara Biotech reports net income of $5 million in Q4 2024
Cannara Biotech Inc. brought in $22.1 million in net revenue from its cannabis operations in the three months ended August 31, 2024 (Q4 2024), and…
The Hash Co completes asset transfer, name change
Following an announcement in May, the company formerly known as The Hash Co. has now sold most of its assets to a number company (1000592191…
Simply Solventless reports another profitable quarter as sales continue to increase
Simply Solventless Concentrates, Ltd. brought in net revenue of nearly $5 million for the three months ended September 30, 2024 (Q3 2024).
Decibel: Q3 2024 marks shift in focus from domestic to international market
Decibel Cannabis Company Inc. brought in $24.1 million in net revenue for the three months ended September 30, 2024
Herbal Dispatch sees year-over-year growth driven by increased domestic sales, exports
Herbal Dispatch brought in $3.3 million in gross revenue and $2.7 in net revenue for the three months ended September 30, 2024 (Q3 2024), for…
Noya Holdings seeking approval of $3.8 million stalking horse deal, extension of stay of proceedings
Following filing for creditor protection earlier this month, Noya Holdings Inc. and Noya Cannabis Inc. are seeking approval of a stalking horse deal for approximately…
BC seeks forfeiture of 6 properties it says are connected to illicit cannabis
The BC Government is seeking to seize six properties they say are connected to the proceeds of illicit cannabis production.
Avicanna reports $6.3 million in net revenue and decreasing losses in Q3 2024
Avicanna Inc. reported net revenues of $6.3 million at the end of Q3 2024, with a comprehensive loss of $922,077, down from a loss of…
Delta 9 selects bid from SISP
Delta 9 Bio-Tech has selected a bid for the purchase of some of its assets through the SISP process that began earlier this year.
Medipharm Labs reports increased revenue, decreased losses in Q3 2024
Medipharm Labs brought in $9.8 million in net revenue in the three months ended September 30, 2024 (Q3 2024) and $3.1 in gross profit, but…
Record net revenue for Rubicon Organics despite softened demand and price compression in key markets
Rubicon Organics brought in $13.5 million in net revenue in Q3 2024, the three months ended September 30, 2024, its highest ten revenue in eight…
Cronos reports increased cannabis sales in Canada, abroad
The Cronos Group reported USD$34.3M in net revenue, $3.6M in gross profit, and $7.3M in net income in its third quarter 2024 report for the…
Noya Holdings Inc. and Noya Cannabis Inc. apply for creditor protection
Noya Holdings Inc. and Noya Cannabis Inc. have applied for creditor protection in an initial order posted on November 6, 2024. Noya’s monitor in the…
Auxly reports record-breaking Q3 results
Auxly Cannabis Group Inc. reported $33.3 million in net revenue in its third quarter of 2024, a new company record and an increase of 18%…
Canadian cannabis sales down, international sales up for Canopy in Q2 2025
Canopy Growth Corporation reported nearly $74 million in revenue in its second fiscal quarter of 2025, but a net loss of $128.3 million.
Cannabis exports increase for Village Farms in Q3 2024
Village Farms International sold USD$36.5 million worth of cannabis in Canada in the third quarter of 2024, $9.6 million in gross profit, and $1.2 million…
International sales increase for Aurora Cannabis, but company reports $13 million loss in Q2 2025
Aurora Cannabis brought in $81.1 million in net revenue in the three months ending September 30, 2024, but reported a net loss of nearly $13…
SNDL posts $3.8 million in adjusted operating income from its cannabis businesses in Q3 2024
SNDL posted $236.9 million in revenue in the third quarter of 2024, with an $18.5 million loss.
New Brunswick sold nearly $27 million worth of weed in the second quarter of 2024
Cannabis retailers in New Brunswick sold nearly $27 million worth of cannabis in the three months ended September 29, 2024.
Court weighs in on cannabis company’s stock valuation
An Alberta court had to weigh in on a dispute regarding share price between a Canadian cannabis company and the company’s former Chief Operating Officer.
Ayurcann sees record annual growth as its reach expands across Canada
Ayurcann brought in $25.1 million in net revenue for the fiscal year ended June 30, 2024, up from $12.5 million the year prior, an increase…
Decibel Cannabis to acquire AgMedica Bioscience, expanding export potential
Organigram reported $247.2 million in gross revenue and $159.8 million in net revenue for fiscal year 2024, ended September 30, but a net loss of…
Preliminary approval of US$8 million settlement in Aurora Cannabis investor lawsuit
Aurora Cannabis could end up paying more than $8 million (US) to put to rest allegations that it inflated its stock price in order to…
Q3 2024 net revenue sets record for Avant Brands, but reports $2.5 million loss
Avant Brands generated $9.6 million in gross revenue and $8.5 million in net revenue in Q3 2024, but reported a net loss of $2.5 million…
Tilray’s adult-use cannabis and international revenue down year-over-year
Tilray brought in $200 million in net revenue and gross profit of $59.7 million in the first quarter of 2025, but still saw a net…
Court approves RVO for Atlas Global Brands against CRA’s objections
Following the granting of creditor protection earlier this year, a court approved a reverse vesting order (RVO) on October 7 for Atlas Global Brands, a…
Freedom Cannabis seeks more time to resolve lease dispute
Freedom Cannabis says it needs more time to finalize the terms of its Sales Investment and Solicitation Process (SISP) and Stalking Horse Agreement to resolve…
Simply Solventless announces plan to acquire ANC for $10 million
Simply Solventless Concentrates Ltd. has entered into an agreement to buy cannabis producer ANC Inc. for $10 million in cash and shares.
Four20 Premium Markets’s NOI proceedings continued
Four20 Premium Markets had its Notice of Intent (NOI) proceedings continued under the CCAA on September 19.
Tokyo Smoke begins Stalking Horse sale process
Tokyo Smoke has now entered into a share subscription agreement with its parent company, pursuant to which the parent company, TS Investments Corp., will acquire…
Research: Medical cannabis could save billions on healthcare coverage in US
A new study from the US says that the adoption of medical cannabis laws may contribute to decreases in healthcare costs.
High Tide reports second consecutive quarter of net income
High Tide reported $825,000 in net income from $35.5 million in gross profit and $131.7 million in revenue in the three months ended July 31,…
Organigram closes second round of funding from British American Tobacco
Organigram Holdings closed the second round of funding from its partner, British American Tobacco (BAT), on August 30.
MTL’s Q1 2025 report shows continued increases in revenues and profits
MTL Cannabis saw increasing revenues and profits in its most recent quarterly report, with $2.2 million in net and comprehensive income in the three months…
Heritage Cannabis announces completion of sale to Hab Cann
Heritage Cannabis Holdings Corp. announced on August 29 the completion of the company’s sale to a stalking horse bidder called HAB Cann Holdings Ltd.
Nextleaf reports increased revenues, losses in Q3 2024 report
Nextleaf Solutions brought in over $4 million in revenue in its most recent quarterly report for the three months ending June 30, 2024, with $884,344…
Greenway reports increasing revenue, declining losses
Greenway Greenhouse Cannabis Corporation reported net revenue of nearly $2.4 million in the first quarter of 2025 ended June 30, 2024, and a $541,478 loss…
Entourage focuses on expansion despite market challenges: Q2 2024
Entourage Health Corp. reported net revenue of $9.3 million, before excise duties and discounts, but a loss of $10.3 million in its Q2 filing for…
Auxly reports profitable quarter as it consolidated operations, products
Auxly reported $43.4 million in net revenues from cannabis sales in the three months ended June 30, 2024, and net income of $2 million in…
Lower demand, overall economy blamed for second quarter of Rubicon losses
Rubicon Organics Inc. reported $12.1 million in net revenue in the three months ended June 30, 2024, but a loss of $454,164 in its Q2…
Simply Solventless reports another profitable quarter
Simply Solventless Concentrates reported net revenue of $1.2 million from net revenue of $2.9 million in the three months ended June 30 in the company’s…
Decibel Cannabis Company posts positive net income, decline in international sales
In the three months ended June 30, 2024, Decibel Cannabis reported $22.1 million in net revenue and $122,000 in net income.
Increased gross profits, decreased losses in MediPharm’s Q2 2024 report
MediPharm Labs posted a gross profit of $3.4 million in the three months ended June 30, 2024, but a net loss of $2.6 million.
SNDL acquires the rest of Nova Cannabis
SNDL Inc. announced on August 13 that it will acquire all of Nova Cannabis’s issued and outstanding common shares for approximately $40 million.
Organigram reports first net income in several quarters
New Brunswick’s Organigram reported net revenue of $41.1 million for the third quarter of 2024 and net income of $2.8 million, compared to a loss…
Freedom Cannabis receives creditor protection to pursue restructuring and sales process
Freedom Cannabis Inc. announced that it and its subsidiaries sought and received an order for creditor protection from the Alberta Superior Court of Justice pursuant…
Galaxie Brands receives CCAA protection
The parent company of Galaxie Brands was issued an order pursuant to the Companies’ Creditors Arrangement Act (CCAA) on August 6, on application by The…
Health Canada seeking feedback on new proposed approach for pesticide use for cannabis and hemp
Health Canada is seeking feedback on the Pest Management Regulatory Agency’s (PMRA) new proposed approach for registering pesticide uses on cannabis and industrial hemp.
Canopy reports increased gross profits and loss in Q1 2025
Canopy Growth Corporation reported $23 million in gross profit in Q1 2025, a 67% increase from Q1 2024, but also posted a $127 million loss.
Increased Canadian cannabis sales for Village Farms in Q2 2024
Village Farms International, Inc. brought in USD$40.7 million in cannabis sales in Canada in the second quarter of 2024, $10.7 million in gross profit, and…
Net revenue, net loss up for Cronos in Q2 2024
Cronos brought in its highest quarterly net revenue yet at USD$27.8 million in the second quarter of 2024 but still reported a net loss of…
Organigram announces new nanoemulsion technology in collaboration with British American Tobacco
Organigram announced preliminary results of a new clinical study on nanoemulsion technology, in collaboration with its partner, British American Tobacco (BAT).
Aurora Cannabis shows increase in net revenue, finally reports net income
Aurora Cannabis reported an increase in net revenue and net income in the three months ending July 30, 2024, driven by increased exports, domestic medical…
Christina Lake Cannabis reports increasing losses in Q1, Q2 2024
Christina Lake Cannabis reported a loss and comprehensive loss of nearly $1.6 million from $3.3 million in sales in the three month period ended May…
SNDL releases Q2 2024 results
SNDL Inc. brought in $228.1 million in net revenue in the second quarter of 2024, a gross profit of $58.1 million, and a $4.6 million…
Decrease in net revenue, increase in losses for Greenway Cannabis in annual report
Greenway Cannabis reported a $4.7 million loss from $5.2 million in net revenue for the year ending March 31, 2024.
MTL Cannabis reports $2.5 million in net income in 2023-2024
MTL Cannabis Corp. brought in $2.5 million in net income from $83 million in net revenue for its fiscal year ending March 31, 2024.
Tilray reports year-over-year increase in revenue, decrease in losses in Q4 2024
In its quarterly report covering the three months ending May 31, 2024, Tilray reports a net revenue of USD$229.9 million and gross profit of almost…
Delta 9 receives amended and restated order for creditor protection through Sept 15
Delta 9 Cannabis, the Manitoba company granted CCAA protection on July 15, due to expire on July 25, has now received an extension of a…
Cannara Biotech reports strong Q3 2024 results
Cannara Biotech Inc. announced its fiscal third quarter 2024 financial and operating results for the three and nine-month periods ended May 31, 2024, with $19.5…
Aurora Cannabis receives additional German licences
Aurora Cannabis announced this week that it is expanding its footprint in the emerging German cannabis market.
Tilray receives first new commercial medical cannabis licence in Germany
Tilray has received the first cannabis cultivation licence issued under Germany’s new Cannabis Act.
SNDL to lay off 106 employees as part of restructuring
SNDL Inc. announced an $11 million “restructuring” that includes laying off 106 full-time employees.
Delta 9 receives CCAA protection, enters into agreement with FIKA following “aggressive” SNDL move
Manitoba-based Delta 9 Cannabis announced on July 15 that it had received an initial order for creditor protection.
Avant posts increase in net revenue, driven by exports and rec sales
Avant Brands (formerly GTEC Holdings) reported net revenue of $16.4 million for the first half of 2024, producing 6,417 kg of cannabis and selling 5,493…
CanadaBis continues trend of profitability with focus on pre-rolls and extracts
CanadaBis Capital Inc, the parent company of cannabis brands like Stigma Grow, reported its third quarter fiscal 2024 results, with $2.2 million in gross profits…
Organigram investment helps expand its presence into German market
Organigram Holdings Inc. has taken a minority stake in German cannabis company Sanity Group GmbH, giving them a foothold in the German market.
Aurora quarterly report shows increase in net revenue, decrease in losses
Aurora Cannabis reported $67.4 million in net revenue for the three months ending March 31, 2024, but a $20.8 million net loss.
What’s going on with the BZAM/Final Bell trial?
Initially set for April 22, a motion by Final Bell against BZAM has been again postponed, this time until September 18 and 19, 2024.
Christina Lake Cannabis files year-end report for 2023
After some delays, BC’s Christina Lake Cannabis (CLC) recently released its financial statements for the year ending November 30, 2023.
Danish medical cannabis company looking to bring its unique cannabis oil to Canada
Danish pharmaceutical company Stenocare says it is exploring opportunities to expand its medical cannabis platform into the Canadian market.
High Tide reports increase in retail footprint, revenue
High Tide Inc. reports a 5% year-over-year increase in revenue and a 175% year-over-year increase in revenue in its most recent quarterly report.
Indiva receives creditor protection
Ontario-based cannabis edibles producer Indiva Limited announced on June 13 that it had been granted an order from the Ontario Superior Court of Justice under…
Comparing greenhouse gas emissions from indoor cannabis production in Canada, US
The Canadian cannabis industry has a higher rate of emissions than its US counterpart, although that rate varies significantly depending on which province.
Retail chain Four20 files NOI under Bankruptcy and Insolvency Act
The parent companies of cannabis retail chain Four20 Premium Markets filed a notice of intent to make a proposal under the Bankruptcy and Insolvency Act…
AgriCann continues to struggle
AgriCann Solutions Corp. remains under a “Cease Trade Order” (“CTO”) issued by the BC Securities Commission.
Canopy’s net revenue increased 7%, but concerns about operations remain
Canopy Growth Corporation reports $72.8 million in net revenue in Q4 2024 and a net loss from continuing operations in fiscal 2024 of $483.7 million…
Decibel reports net loss, declining revenue in new quarterly report
Decibel Cannabis Company Inc. reported declining revenue and increased losses in its first three months of 2024 due to increased competition and lower exports.
Nextleaf Solutions reports $1 million loss in first three months of 2024
Cannabis processor Nextleaf Solutions reported revenue of $4.6 million but a loss of just over $1 million in the first three months of 2024.