May 15, 2025
Auxly has successful Q1 2025 with 147% increase in net income
Auxly reported $32.7 million in net revenue for the three months ended March 31, 2025 (Q1 2025), $18.7 million gross profit and $12.1 million in…
MediPharm responds to Apollo accusations
MediPharm Labs Corp. has responded to a dissident proxy circular filed on May 7, 2025, by Apollo Technology Capital Corporation, outlining Apollo’s intention to nominate…
High Park/Tilray not disallowed from voting on proposed 420 plan
A court has now rejected the claim that High Park/Tilray’s acquisition of claims was a collateral attack or an abuse of process in restructuring 420…
Cronos reports increased revenue in Q1 2025 due to international sales and domestic extract sales
Cronos increased revenue Q1 2025 reached USD$32.3 million, reflecting a significant year-over-year growth of 15.6%.
SNDL reports increased cannabis revenue from retail, production in Q1 2025
SNDL Inc. reported net revenue of $204.9 million for the three months ended March 31, 2025 (Q1 2025), gross profit of $56.6 million, and a…
Freedom Cannabis exits CCAA
Freedom Cannabis has completed its financial restructuring and is exiting CCAA, effective immediately, the company announced in a press release on April 30.
CanadaBis terminates proposed deal with Simply Solventless
CanadaBis Capital Inc. announced that CanadaBis (Stigma Grow) has terminated a proposed deal in which another cannabis company, Simply Solventless Concentrates, would acquire CanadaBis.
Q2 2025 marks another record quarter for Cannara Biotech
Cannara Biotech brought in $36.8 million in gross revenue in the three months ended February 28, 2025 (Q2 2025), $26.6 million in net revenue, and…
Tilray to exit New Zealand medical cannabis market
Tilray Medical has confirmed they are leaving the New Zealand medical cannabis market to better focus on the Australian medical market.
Decibel reports increased net revenue in Q4 2024, decrease in net Canadian rec sales
Decibel Cannabis Company Inc. reported gross revenue of $37.3 million, net revenue of $25.3 million, and net income of $13.3 million for the three months that ended December 31, 2024 (Q4 2024).
Gr…
Mernova Medicinal Inc. and parent company Creso Canada Limited receive CCAA protection
Nova Scotia-based cannabis producer Mernova Medicinal Inc. and its parent company, Creso Canada Limited, received CCAA protection on April 16.
Monitor in Delta 9 CCAA process files discharge request, final payment made to SNDL
Following the closing of Simply Solventless’ acquisition of Delta 9 Bio-Tech Inc. from Delta 9 Cannabis Inc. in February, some $13.8 million of the proceeds…
Tilray Brands announces proposed reverse stock split and corresponding special meeting of stockholders
On April 17, Tilray Brands, Inc. announced a special meeting of stockholders for June 10, 2025, where they will be asked to vote to support a reverse stock split of the company’s common stock.
At…
Avicanna reports record revenue for 2024
Avicanna Inc. reported record revenue of $25.5 million for the year ended December 31, 2024, $6.6 million of which was in the company’s fourth quarter…
Law firm announces class action against Canopy Growth Corporation and certain officers
A law firm has announced a class action lawsuit has been filed against Canopy Growth Corporation on behalf of those who purchased the company’s securities…
SNDL enters agreement to acquire 32 1CM retail locations
SNDL Inc. has entered into an agreement to acquire 32 1CM cannabis retail stores operating under the Cost Cannabis and T Cannabis banners in Ontario,…
Tilray’s cannabis sales decline in Q3 2025
Tilray Brands, Inc. reported net revenue of $185.8 million in the three months ended February 28, 2025 (Q3 2025) and gross profit of $52 million,…
Rubicon Organics reports highest-ever revenue in Q4 2024
Rubicon reported its highest-ever revenue of $14.2 million in Q4 2024, reflecting a 42.1% increase from the previous year.
Simply Solventless provides Q1 2025 guidance
Simply Solventless Concentrates Ltd. has provided Q1 2025 guidance, including a record projected quarterly revenue of $12.5 million, a 6% increase from its Q4 2024…
Court again extends stay for 420 Premium Markets, rejects High Park’s SISP bid
An Alberta court has again extended the stay for 420 Premium Markets Ltd. and its associated companies as part of its CCAA proceedings, this time…
International sales push MediPharm revenue, sales up in 2024
MediPharm Labs Corp. reported net revenue of $12 million for the three months ended December 31, 2024 (Q4 2024), gross profit of $3.6 million, and…
CanadaBis reports increased revenue in Q2 2025
CanadaBis increased revenue Q2 2025 with $4.9 million in net revenue, marking a 27% rise from last year.
Mercanto Holdings, formerly The Good Shroom, shares Q2 2025 results
For the quarter ended January 31, 2025 (Q2 2025), Mercanto Holdings Inc. (Formerly The Good Shroom) brought in just over $1 million in revenue, with…
US court dismisses Tilray/HEXO shareholder lawsuit
Tilray Brands Inc. and its subsidiary, HEXO Corporation, have successfully dismissed a lawsuit from an investor in the US.
BZAM seeks another extension in CCAA proceedings
The monitor for BZAM will make a motion before the Ontario Superior Court of Justice on Thursday, March 27, seeking an extension of the current…
Herbal Dispatch completes $600,000 debt financing
Herbal Dispatch Inc., a Canadian cannabis company serving the medical and non-medical markets in Canada and abroad, says it has completed a debt financing for…
CRA seeks to hold Freedom Cannabis directors liable under the Excise Act
In an application scheduled for April 29, 2025, an Alberta Court will hear arguments on whether the directors of Freedom Cannabis will be held liable pursuant to section 5.1 of the CCAA.
In a Mini…
Auxly sets new record for revenue, income in Q4 2024
Auxly Cannabis reported net revenue of $34.6 million in the three months ended December 31, 2024 (Q4 2024), a 29% increase over the prior year…
SNDL reports record revenue, declining losses driven by cannabis sales
SNDL Inc.’s net revenue for the fourth quarter of 2024 was $257.7 million, while gross profits were $68.8 million, with an operating loss of $76.1…
High Tide reports increased revenue from brick-and-mortar sales
High Tide Inc. reported $142.5 million in revenue for the three months ended January 31, 2025 (Q1 2025), with $35.4 million in gross profit and…
TRYGG Collective acquires Tricanna Industries through RVO
BC-based TRYGG Collective has acquired cannabis processor Tricanna Industries through a court-approved RVO process, says TRYGG CEO and Founder Fabrizio Rossi.
SNDL secures 5.4% of High Tide’s shares
SNDL Inc. has purchased just over five percent of High Tide, the company behind the largest brand of cannabis stores in Canada, Canna Cabana.
Increased Canadian cannabis sales and exports add to Village Farms’ growth in 2024
Village Farms International, Inc. reported US$336.2 million in sales in 2024, an 18% increase from the year ended December 31, 2023, but a net annual…
Four20 seeks extension and acceptance of recent plan of compromise
In a bench brief in early March, 420 Premium Markets Ltd. and its associated companies sought an extension of its CCAA proceedings to April 30,…
Court approves reverse vesting order for Noya Holdings, adds ResidualCo to CCAA proceedings
On March 5, 2025, a court approved the stalking horse transaction first contemplated in November 2024 between Noya Holdings Inc (NHI) and its purchaser, Lending…
True North Cannabis enters SISP process, monitor seeks buyers
True North Cannabis Co’s court-appointed monitor is seeking offers for the three businesses or assets as part of a court-supervised sale and investment solicitation process…
Strong branded revenue delivers Nextleaf’s first profitable quarter in a year
Nextleaf Solutions reported gross revenue of $3.85 million in its most recent quarter report for the three months ended December 31, 2025 (Q1 2025), net…
BC’s Tricanna Industries filed Notice of Intention, seeking buyer
BC-based cannabis processor Tricanna filed a Notice of Intention (NOI) on February 5, listing $3.2 million in liabilities, including $1.1 million owed to the Canada…
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.
MTL reports increased revenue, loss in Q3 2025
MTL Cannabis Corp. reported $25.6 million in revenue for the three months ended December 31, 2024 (Q3 2025), net revenue of $20 million, and a…
Freedom Cannabis moves forward with SISP, with more than $9 million in tax liability
On February 26, 2025, the Court of King’s Bench of Alberta granted an order approving, among other things, the SISP and a stalking horse share…
Cronos reports increase in net revenue in 2024
Cronos reported net revenue of USD$30.3 million for the three months ended December 31, 2024 (Q4 2024), a 27% increase from Q4 2023, and net…
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…