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Sarah Clark

CanadaBis continues trend of profitability with focus on pre-rolls and extracts

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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

| Sarah Clark |
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.

Shiny Bud files notice of intention to make a proposal under Bankruptcy and Insolvency Act

The parent company of Shiny Bud, a cannabis retail chain in Ontario, announced it has filed a Notice of Intention to make a proposal pursuant…

Alberta government researching impact of legalization on province’s youth

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…

Simply Solventless reports seventh consecutive quarter of positive EBITDA

| Sarah Clark |
Simply Solventless Concentrates generated $502,536 in net revenue in Q1 of 2024 from its cannabis brands.

Indiva reports strong edibles sales, net loss of $1.8 million in Q1 2024

| Sarah Clark |
Indiva reported a net loss of $1.8 million from $9.3 million in net revenue in the first three months of 2024, as the Ontario producer…

Delta 9 reports net income loss of nearly $5 million in first three months of 2024

| Sarah Clark |
Delta 9 Cannabis Inc. brought in $16.5 million in net revenue in the three months ending March 31, 2024, from its retail and wholesale cannabis…

MediPharm Labs reports continued growth in Canadian, international markets

| Sarah Clark |
MediPharm Labs Corp. reported a 67% increase in revenue in the first three months of 2024 compared to the same period in 2022 but still…

More losses for Organigram in newest quarterly report

| Sarah Clark |
Organigram reported another loss compared to the same period last year, according to the newest quarterly report for Q2 Fiscal 2024 ending March 31, 2024.

Auxly has best Q1 report ever, but still faces losses, growing concern

| Sarah Clark |
Auxly Cannabis Group Inc. had a great first three months of the year, with record revenue and margin and adjusted EBITDA in Q1 2024 compared…

SNDL reports first profitable quarter for cannabis production, increased losses for retail

| Sarah Clark |
SNDL Inc. reported net revenue of $71.3 million from its retail cannabis operations in the first three months of 2024 and $22.4 million from its…

Cronos’ losses continue to decline while domestic, export sales increase

| Sarah Clark |
The Cronos Group posted a net loss of $2.4 million in the first three months of 2024, compared to $18 million in the first three…

Village Farms cannabis sales increase in Q1 2024, even as exports decline

| Sarah Clark |
Village Farms Inc, the parent company of Pure Sunfarms, sold more than $50 million worth of cannabis in the first three months of 2024, with…

Cannara Biotech reports increased net loss in Q4 2024

| Sarah Clark |
Quebec-based Cannara Biotech Inc. saw gross cannabis revenues before excise taxes increased to $26.3m in Q2 2024, up from $15.9m in Q2 2023.

Decibel reports net loss of $1.8 million in 2023, increased revenue from exports

| Sarah Clark |
Decibel Cannabis generated a net loss of $1.8 million in 2023, from $177 million in net sales, with adjusted net income of $8 million, according…

Indiva reports net revenue of $37.6 million in 2023, despite losses due to HC’s lozenge determination

| Sarah Clark |
Ontario’s Indiva reported net revenue of $37.6 million in 2023 as part of its most recent quarterly and annual report for 2023, an 11.3% year-over-year…

Curaleaf Holdings closes on acquisition of Ontario’s Northern Green Canada

US-based cannabis company Curaleaf Holdings Inc., has closed on its acquisition of Northern Green Canada, a Canadian producer focused primarily on EU-GMP product certification for…

Two of every five dollars spent on legal cannabis in Canada went to government coffers

Two of every five dollars spent on legal cannabis in Canada from 2022-2023 went to government budgets.

Avant Brands reports increasing revenues, supported by international sales

| Sarah Clark |
In its most recent quarterly report, Avant Brands reported $8.1 million in net revenue and $1.2 million in net income.

Tilray sees increased cannabis revenue, boosted by international sales

| Sarah Clark |
Tilray reported US$63.4 million in net revenue from its cannabis operations in the three months that ended February 29, 2024, one-third of the company’s total…

Oh no! “Kool-Aid man” style car crash into cannabis store in Ontario

A cannabis store in Ontario is temporarily closed today after a car crashed through the front of their store

SNDL agrees to deal for four NOVA-operated Value Buds in BC

SNDL Inc. has agreed to assign its rights to own or operate four Dutch Love stores to Nova Cannabis Inc.

Stigma Grow focuses on infused products, pre-rolls

| Sarah Clark |
CanadaBis Capital Inc., the Alberta-based company behind cannabis producer Stigma Grow, reported over $2 million in gross profit, $109,901 in net revenue and comprehensive income,…

Rubicon Organics shows increased growth in 2023 annual report

BC-based cannabis producer Rubicon Organics Inc. reported an increase in net revenue and a decrease in net profit in its recent year-end results for 2023.

Nova Cannabis reports first year of net earnings, driven by data licensing program

Cannabis retailer Nova Cannabis Inc. reported its first year of net revenue in 2023, as part of its recently-released annual report. 

Alberta worker wins appeal to have medical cannabis covered by Worker’s Compensation Board

An Albertan recently won an appeal to have their medical cannabis covered by Workers’ Compensation.

Sales up, losses down for Auxly in 2023

The cannabis producer’s newest annual report also shows a net income of $3.9 million compared to a net loss of $66 million in the previous…

SNDL reports $112 million loss from cannabis operations and $4.9 million in retail cannabis earnings

Alberta-based SNDL reported an operating income loss of $112 million for its cannabis operations and net earnings of $4.9 million for its retail cannabis operations…

Younger Canadians more likely to use cannabis than older Canadians

Over one-third of adults aged 18 to 44 years and one in seven adults aged 45 years and older had used cannabis in 2023, according…

High Tide Inc. reports increased revenue, declining losses, in newest quarterly report

High Tide Inc. is now the second-largest cannabis retailer in North America by store count, according to the company’s newest quarterly report.

Manitoba’s LGCA plans to review Province’s cannabis consumption ban

Manitoba’s LGCA was planning a review of the province’s ban on consuming cannabis in public this year, but paused the process as it awaits direction…

Village Farms’ Canadian cannabis operations report net income of $4 million for 2023

According to parent company Village Farms International’s newest quarterly report, net sales for Pure Sunfarms and Rose LifeScience increased in the last three months of…

Cannabis Jobs Update – March 2024

Here’s our March round-up of just a few of the numerous cannabis job opportunities across Canada.

Celebrating trailblazing women in cannabis

| Sarah Clark |
Celebrating the significant contribution of women leaders who are helping to share the trajectory of the Canadian cannabis industry.

Nextleaf Solutions reports record revenue

Bucking industry trends, BC-based cannabis company Nextleaf Solutions reported their third profitable quarter this week.

BZAM granted CCAA protection due to ongoing financial challenges

| Sarah Clark |
BZAM announced today that it has been granted Companies’ Creditors Arrangement Act  (CCAA) protection to restructure its business and financial affairs. 

Increased cost of production adds to growing concerns for Greenway

Greenway Greenhouse Cannabis Corporation’s nearly $1.4 million in revenue in the last three months of 2023 still saw the Ontario cannabis producer in the red…

BC cannabis company is bringing infused poutine to the Quebec market

A British Columbia-based cannabis producer is adding a new twist on a distinctly Canadian dish, a cannabis-infused poutine sauce that will be available for sale…

UBC researchers launch clinical trial exploring CBD for bipolar depression

Researchers at UBC’s faculty of medicine are launching a new, unique clinical trial to investigate the potential of cannabidiol (CBD) as a treatment for bipolar…

Burb opens store near UBC after long wait

Following a nearly three-year wait, Burb Cannabis was finally able to open its new location near the University of British Columbia on February 23.

Cannabis stores in Canada evenly distributed across different neighbourhood types

| Sarah Clark | ,
A new study from researchers at the University of Waterloo and the University of Toronto says retail cannabis stores in Canada are evenly distributed across…

SQDC sold more than $200 million worth of cannabis in Q3 2023

Quebec’s Société québécoise du cannabis (SQDC) brought in $33 million for its third quarter of the 2023-2024 financial year, which ended December 30.

Organigram reports $15 million loss due to lower international revenue and medical sale

Organigram reported a net loss of $15.8 million in Q1 2024 and a 16% decrease in net revenue compared to the same period last year.

Christina Lake Cannabis completes acquisition of Midway farm

Christina Lake Cannabis (CLC) first announced the deal on February 5,  which included the acquisition of outdoor cultivation facilities in Southern British Columbia, related harvesting…

Canopy Growth reports $216 million loss in most recent quarterly report 

Canopy Growth Corporation, the company behind brands like Tweed, reported another loss this quarter of 216.8 million in the third quarter of 2024.

Net loss of $25 million for Aurora Cannabis in most recent quarterly report

Aurora Cannabis Inc. saw a net revenue of $64.4 million and a net loss of $25.2 million in the third quarter of fiscal year 2024.

Quebec closing cannabis store in Montreal

Quebec will have one less cannabis store in Montreal soon, as an SQDC location is expected to close on March 2.

SQDC needs better online payment options, says police captain

A police Captain in northern Quebec says the provincial government’s limits on payment options for online cannabis orders are pushing people to the illicit market. 

Pure Sunfarms’ sister company receives approval to begin building cannabis greenhouse in the Netherlands

Canadian owned Village Farms will be one of a handful of companies producing cannabis for Dutch coffee shops as part of a new program in…

Nextleaf Solutions announces they are debt-free, cash flow positive

BC-based cannabis processor Nextleaf Solutions Ltd. says it achieved four quarters of consistently positive cash flow in the past fiscal year.

Canada’s cannabis production rallied in second half of 2023

Cannabis production in Canada rallied in the second half of 2023 after a seven-month decline following a high water mark in November 2022.

Trees Corporation seeking investment or buyers

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…

Report: Price of legal cannabis almost on par with black market

| Sarah Clark | , ,
A new report compares Canada’s legal and illegal cannabis markets, highlighting the advantages and challenges that the legal market faces.

Saskatchewan Polytechnic teams up with Mother Labs to tackle powdery mildew

Saskatchewan Polytechnic has partnered with Saskatchewan-based cannabis nursery Mother Labs on a breeding program focussing on screening for mildew resistance.

Legal market continues to eat into illicit market in Canada while reported cannabis use remains the same

Health Canada’s most recent summary of its annual survey of cannabis users shows an increasing number of cannabis users say they are purchasing products through…

Tilray reports $46 million loss in Q2, 2023, compared to net loss of $62 million in the prior year quarter

Tilray reported the financial results for the second quarter of its fiscal year 2024 ended November 30, 2023, with a loss of US$46.2 million.

Canadians bought more than $16 billion worth of cannabis in the first five years of legalization

Canadians cannabis stores sold more than $16 billion worth of cannabis products from October 2018 to October 2023, according to the newest figures from Statistics…

Comparing attitudes about cannabis in US and Canada

| Sarah Clark | , ,
The study, published recently in the Journal of Cannabis Research, compares and contrasts opinions on cannabis, cannabis use, and legalization in the US and Canada.

A recap of Ingestible Extracts in 2023

Explore the 2023 story of ‘ingestible extracts’, as we track and analyze its impact on the evolving landscape of oral products exceeding federal regulations.

Organigram posts net loss of $248.6 million in 2023

Organigram reported an 11% increase in net revenue, but still a net loss of $248.6 million, according to its new fiscal report.

This Works doesn’t work for Canopy any more, sells to UK company for a loss

In an effort to become more “asset-light”, Canopy says it has sold off its ownership in a skincare and wellness brand for a fraction of…

First regulated cannabis makes its way to Dutch coffeeshops in new pilot project

| Sarah Clark | ,
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…

Even as hype fades from the Canadian cannabis industry, jobs are plentiful

| Sarah Clark |
A scan of public listings shows that cannabis producers and retailers across Canada continue to seek people to fill an array of positions, from budtenders…

Health Canada releases guidance document on intoxicating cannabinoids, including CBN

| Sarah Clark | ,
Health Canada has released guidance for cannabis producers on cannabis products with intoxicating cannabinoids other than delta-9-THC, including CBN.

Calgary Police investigating string of cannabis store robberies

| Sarah Clark | , ,
Calgary Police confirm they are investigating a string of recent armed robberies in the city.

Canada’s cannabis regulations continue to evolve

Health Canada’s 2022–2023 Departmental Results Report shows the cannabis industry in Canada continuing to evolve and expand.

OGEN latest Alberta cannabis company to close

Another Alberta cannabis producer is shutting its doors. On November 3, Calgary-based OGEN Cannabis closed its facility, laying off 87 people as a result. 

BC providing funding for cannabis testing research project

The BC government is providing funding to support the creation of a tool to monitor THC and CBD in commercial cannabis.

Scientists are trying to teach our phones to know when we’re stoned

| Sarah Clark | ,
Researchers in Canada and the US are trying to teach your smartphone to know when you’re high. 

Measuring cannabis use among young Canadians before and after legalization

| Sarah Clark |
Despite concerns that cannabis legalization in Canada would cause an increase in cannabis use, a new study says rates of use among high-risk young adults…

Cannabis software company receives $1 million from Government of Canada

GrowerIQ says the funding, which comes through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), will be used to improve it cannabis tracking…

Cannabis consumption space provides examples for BC government

An indoor consumption lounge inside one of Canada’s oldest compassion clubs offered members a chance to consume cannabis in a safe space, with the club…

Canadian cannabis finds its way to foreign shores in more ways than one

| Sarah Clark |
Cannabis from Canada is increasingly seeking new markets overseas, both legally and illegally. 
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