February 28, 2025
Avant Brands reports record revenues in 2024, supported by export and wholesale
Avant Brands brought in $40 million in revenue in the fiscal year 2024, $35.8 million in net revenue, but reported a $22.6 million net loss.
Ayurcann reports record sales growth in Q2 2025
Ayurcann Holdings Corp. reported a net revenue of $7.5 million for the three months ended December 31, 2024 (Q2 2025) and a net loss of…
Greenway reports increased revenue, declining losses in Q3 2025
Greenway Greenhouse Cannabis Corporation brought in $1.7 million in net revenue in the third quarter ended December 31, 2024 (Q3 2025), a 21% year-over-year increase.
Decibel enters new supply agreement in Israel
Decibel Cannabis Company Inc. recently entered into a new supply agreement and trademark license agreement with Keren Tirk Ltd., an Israeli cannabis company.
HYTN and A1 Cannabis announce collaboration agreement
HYTN Innovations Inc. has entered into a partnership with A1 Cannabis Inc. in a move that will allow A1 to transition its complete cannabis product…
Simply Solventless closes on $6M financing for Delta 9 Bio Tech deal
Simply Solventless Concentrates Ltd. closed on a previously announced financing deal of $6 million, with $375,000 of the offering subscribed by insiders.
Cannabis sales continue to increase in Quebec
The SQDC reported a net and overall result of $40.5 million for the third quarter of the 2024-2025 fiscal year, which ended January 4, 2025….
Organigram reports increase in revenue, losses for Q1 2025
Organigram brought in $66.8 million in gross revenue in the three months ended December 31, 2024 (Q1 2025), with net revenue of $42.7 million but…
MediPharm terminates Kensana Health deal
MediPharm Labs Corp. has terminated the previously announced sale of its facility in Napanee, Ontario to Kensana Health Inc. for $5.5 million in cash.
Increase in medical sales helps offset declines for Canopy in Q3 2025
Canopy Growth Corporation reported net revenue of $74.8 million for the three months ended December 31, 2024 (Q3 2025) and a net loss of $121.9…
Aurora Cannabis reports record-breaking quarter, continued increases in international market
Aurora Cannabis reported nearly $100 million in revenue for the three months ended December 31, 2024 (Q3 2025), 88.2 million in net revenue, and $31.3…
New Brunswick reports $25 million in cannabis sales in final three months of 2024
Cannabis retailer sales in New Brunswick were $25.4 million in the three months ended December 29, 2024 (Q3 2024).
High Tide reports record revenue in 2024 and declining losses
High Tide Inc. reported $522.3 million in revenue for the year ending October 31, 2024, gross profits of $142.5 million, and a net loss of…
Court rejects CRA’s concerns in Delta 9 application
A Justice of the Court of Alberta has approved Delta 9’s sanction order and stay extension while rejecting the CRA’s recent objections to parts of…
Nextleaf reports increased revenue, losses in 2024
Nextleaf Solutions Ltd. reported gross profit of $3.7 million from gross revenue of nearly $16.6 million for the twelve months ended September 30, 2024, but…
Simply Solventless announced $5 million convertible debenture financing for Delta 9 deal
Simply Solventless Concentrates Ltd. has launched a non-brokered private placement financing for gross proceeds of up to $5 million. The proceeds are expected to fund…
Cannara Biotech reports record Q1 2025 revenue
Cannara Biotech reported net revenue of $25.1 million in the three months ended November 30, 2024 (Q1 2025) and net income of $2.3 million.
True North and associated companies file for creditor protection
On January 24, 2025, the parent company of True North Cannabis Co., as well as Bamboo Blaze, and real estate holding company 888, filed for…
CanadaBis/Stigma Grow complete cannabis shipment to Portugal
Canadabis Capital has recently completed a successful shipment of its cannabis products to Portugal, which includes a selection of cannabis products from Stigma Grow.
High Tide to enter German medical cannabis market through Purecan acquisition
High Tide Inc. plans to enter the German medical cannabis market by acquiring a 51% stake in Purecan GmbH for approximately $7 million (€4.8 million),…
CRA wants Delta 9 directors to be liable for more than $9 million in unpaid taxes
The Canada Revenue Agency wants Delta 9 Bio-Tech’s directors to be liable for more than $8.2 million in unremitted excise duties and nearly $1 million…
Tilray reports $65.7 million from cannabis sales in Q2 2025
Tilray’s Q2 2025 report reveals $211 million in net revenue, with cannabis sales accounting for $65.7 million. Explore the financial performance of Tilray’s cannabis business.
Tilray Medical wins tender to supply Luxembourg with medical cannabis
Tilray Medical, a division of Tilray Brands, Inc., announced on January 6 that its German subsidiary, Tilray Deutschland GmbH, has secured a tender to supply…
Retail cannabis revenue has increased year over year for 1CM in annual report
1CM Inc., reported revenue of $50.5 million and cost of goods sold and $41.5 in relation to cannabis for the year ended August 31, 2024.
CanadaBis realizes highest gross revenue in Q1 2025
CanadaBis Capital Inc. reported its highest gross revenue of $9.6M in Q1 2025, attributed to continued growth and demand, while decreased net income is due…
Timeline of Delta 9 Cannabis Inc’s CCAA process
This timeline outlines the CCAA proceedings of Delta 9 Cannabis Inc., including financing from SNDL and FIKA, the SISP for Bio-Tech, and the sale of…
Simply Solventless enters into deal to acquire Delta 9 Bio-Tech
Simply Solventless Concentrates has entered into a share purchase agreement with Delta 9 Cannabis for the acquisition of all of the issued and outstanding shares…
Creditor protection, bankruptcies, and acquisitions in 2024
As the Canadian cannabis industry continued to weather financial headwinds in 2024, numerous companies found themselves entering creditor protection, closing up shop, or selling off…
The Good Shroom reports decreased revenue, increased losses in Q1 2025
The Good Shroom, a Canadian cannabis company, reported $691,382 in net revenue for the quarter ended October 31, 2024 (Q1 2025), but a net loss…
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…
MediPharm plans to sell ABcann facility to Kensana Health in cash deal
Kensana Health has agreed to acquire all of the issued and outstanding shares in the capital of ABcann from the company’s operating subsidiary MediPharm Labs…
Galaxie Brands exits CCAA, announces major new partnerships and strategic growth
Galaxie Brands announces its successful conclusion to the CCAA process, new partnerships and strategic plans.
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…
Nova Scotia sells $32.6 million worth of cannabis in Q2 2024
The Nova Scotia Liquor Corporation (NSLC) saw $32.6 million in cannabis sales in the three months ended September 29, 2024 (Q2 2024), a 3.9% increase…
High Tide expands Cabana Club to an international market
High Tide Inc. is expanding its Cabana Club membership program across the entirety of the United States, the European Union, and the United Kingdom.
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 2025 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
Quebec cannabis business facing excise challenges
Quebec cannabis business QcGoldtech, connected to former Montreal police chief Yvan Delorme, owes more than half a million dollars in unpaid taxes, reports The Montreal…
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…
Alberta sold $673.5 million worth of cannabis in 2023-2024
The AGLC brought in $63.9 million in net revenue from $673.5 million worth of cannabis sold in the province for the year ended on March…
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…
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.
SQDC records record profits as consumer demand shifts to lower-margin products
The Société québécoise du cannabis (SQDC) recorded a new record for net revenue in its second quarterly report for the 2024-2025 fiscal 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.
BC wholesales nearly 40,000 kg of cannabis in Q2 2024, while direct delivery sees big declines
BC’s LDB sold nearly forty thousand kilograms of legal cannabis in Q2 2024 (July, August, and September), for a wholesale total of $147.2 million, a…
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…
New Brunswickers prefer convenient cannabis products
According to a new annual report from Cannabis NB, New Brunswickers prefer more “convenient” cannabis products as the market continues to shift to products like…
Manitoba brings in almost $40 million in revenue from cannabis sales in 2023-2024
Manitoba sold $153.6 million worth of cannabis in the fiscal year ended March 31, 2024, bringing in $39.5 million in net revenue for the province.
Cannabis sales up 24% in Newfoundland and Labrador from last year
There was $87.6 million worth of cannabis sold in Newfoundland and Labrador in the 2023-2024 fiscal year, a nearly 24% increase from the previous year.
PEI sold nearly $25 million worth of cannabis in 2023-2024
PEI Cannabis sold $24,966,165 worth of cannabis in the year ended March 31, 2024, a total of 5,074 kilograms of weed.
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…
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…
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,…
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…
Cannabis sales continue to increase in Nova Scotia
Nova Scotia brought in $31.2 million in cannabis sales in the three months ended June 30, 2024, a 7.3% increase compared to the previous year…
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.