The founders of cannabis edibles maker Hometown Hero are betting on luxury CBD skincare with their acquisition of Prima.
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Category: Business
Businesses in receivership flood the market amid cannabis industry challenges
Many businesses are grappling with declining wholesale prices, compliance costs and limited access to banking.
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Jazz Pharmaceutical wraps up Epidiolex patent claims
The success of Epidiolex prompted several companies to attempt to create generic versions.
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Cybin sees third-quarter loss on R&D costs, advances clinical programs
Cybin pushes forward with Phase 3 depression trials after narrowing its loss, while securing a $100M funding program.
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Organigram posts mixed results but touts international growth after Motif deal
The Canadian cannabis producer missed revenue expectations but posted stronger margins as international sales surge.
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Glass House raises guidance for its fourth quarter and 2024 results
Glass House attributed the solid results to cost cutting and lower production costs, along with increased same-store sales.
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International cannabis markets could offer better growth opportunities
Many Canadian cannabis companies are looking to Germany for a revenue boost.
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Safe Supply to acquire the rest of Safety Strips Tech
The firm is betting big on harm-reduction technology, as the fentanyl crisis continues to drive demand for testing solutions.
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Michigan governor calls for increases to marijuana taxes
Gov. Gretchen Whitmer also proposed changing to a wholesale tax rather than a point-of-sale tax for cannabis.
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MediPharm Labs scraps C$5.5M Ontario facility sale to Kensana Health
MediPharm will keep its Ontario cannabis facility after Kensana missed deal conditions.
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