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.
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
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…
Simply Solventless reports seventh consecutive quarter of positive EBITDA
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
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
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
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
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
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
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
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
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 Q2 2024
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
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
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
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
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
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
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
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
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.