Marijuana Business News

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business
Wed
15
Dec

Radient Receives Dried Cannabis Sales Licence from Health Canada and Announces Private Placement Financing

cigar

Radient Technologies Inc. (TSXV: RTI) ("Radient" or the "Company"), a commercial manufacturer of diverse, novel and high-quality cannabis extracts and packaged products, is pleased to announce it has received from Health Canada an amendment to its Standard Processing Licence for the sale of dried and fresh cannabis products to authorized cannabis retailers and Sale for Medical Purposes licence holders. The Company has also received from Health Canada a Sale for Medical Purposes licence, allowing the Company to supply and sell cannabis products to patients who hold prescriptions from authorized healthcare providers.

Wed
15
Dec

Budding risks in the cannabis sector

cannabis

Since the legalization of cannabis in 2018, Canadian retailers have been pushed to come up with holistic strategies to protect themselves. With more cannabis dispensaries and delivery services open for business, risks have grown.

“The largest risks to date from a claims perspective are theft, vandalism and water damage,” said Marcus Sargent, VP and client executive of healthcare, life sciences and cannabis at BFL Canada.

“Regulators have done a good job mandating a certain level of security; however, I’ve started to see a deterioration in the quality of security, specifically with new stores.”

Wed
15
Dec

Aurora Cannabis, 22nd Century Group To License Biosynthesis Intellectual Property To Cronos

business

Canadian marijuana titan Aurora Cannabis Inc. ACB  together with 22nd Century Group, Inc. will license biosynthesis intellectual property to Cronos Group Inc. CRON. The licensed intellectual property is designed to help advance the research and development of the biosynthesis of cannabinoids. (Article published by Benzinga.)

Wed
15
Dec

Pfizer to Acquire Pharmaceutical Company Testing Cannabinoid Treatment

Pfizer

Pfizer Inc. paid in cash the value of $6.7 billion in an agreement to acquire Arena Pharmaceuticals, Inc.

Pfizer Inc., one of the trifecta pharmaceutical companies manufacturing COVID-19 vaccines, is acquiring another large pharma company that is conducting clinical trials on a variety of drugs, including one that is examining the efficacy of cannabinoids.

Wed
15
Dec

Indiva to Bring Grön Brand to Canadian Cannabis Market

edibles

Indiva Limited (the “Company” or “Indiva”) (TSXV: NDVA) (OTCQX: NDVAF), the leading Canadian producer of cannabis edibles, is pleased to announce that it has entered into a Licensing and Manufacturing Agreement with Oregon-based Grön to bring its innovative and fun edibles brand portfolio to Canada. Following on Indiva’s success producing and distributing the top selling chocolates and gummies in Canada, the launch of Grön products in Canada will expand Indiva’s edible portfolio to include products with thoughtful, unique minor cannabinoid ratio combinations and form factors. The initial term of the agreement is for five years, automatically renewing for three additional five-year terms.

Tue
14
Dec

Hollister Biosciences Rebrands To Yourway Cannabis Brands, Revamps Business

cannabis logo

Hollister Biosciences launched its previously announced rebrand to YourWay Cannabis Brands Inc. on Tuesday.

The Vancouver-based company with operations in California and Arizona completed an extensive rebranding to align with its strategic corporate transformation and renewed corporate vision.

In addition, the company's shares will start trading on the Canadian Securities Exchange under the symbol "YOUR" on Thursday, Dec. 16.

The update is tied directly to the company's revamped strategic commitment to creating intuitive brands, releasing thoughtful products and working intentionally to create a 'House of Brands' that caters to every moment in a consumer's life

Tue
14
Dec

Investing in Cannabis: 3 Top Trends for 2022

2022

What's next for cannabis investors? We look at three vital trends that will define the landscape for the year ahead.

The U.S. cannabis industry is growing at an unparalleled pace. Cannabis sales for 2021 are estimated to finish at $31 billion, an increase of 41% over 2020. And yet, despite this positive sales growth, the outlook for investing in cannabis is mixed.

Tue
14
Dec

Village Farms International to Voluntarily Delist from Toronto Stock Exchange; Shares to Remain Listed on Nasdaq Village Farms International, Inc. Logo (CNW Group/Village Farms International, Inc.)

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illage Farms International, Inc. ("Village Farms" or the "Company") (NASDAQ: VFF) (TSX: VFF) today announced that it has applied and received approval for a voluntary delisting of its common shares from the Toronto Stock Exchange ("TSX").

Tue
14
Dec

HEXO Reports First Quarter 2022 Results and Launches New Strategic Plan, “The Path Forward” to Solidify its Position as Canada’s Leading Cannabis Company

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HEXO Corp (TSX: HEXO; NASDAQ: HEXO) (“HEXO” or the “Company”), a leading producer of high-quality cannabis products, today reported its financial results for the fiscal quarter ended October 31, 2021 (Q1’22), and announced “The Path Forward”, a new strategic plan to solidify itself as Canada’s leading cannabis company and position it to capitalize on international opportunities. The plan utilizes HEXO’s current assets, including its recent acquisitions and unique capabilities to drive accelerated growth and become cash flow positive within the next four quarters. This plan is underpinned by actions to strengthen its balance sheet, its executive team and its corporate governance.

Q1 2022 Highlights

Mon
13
Dec

5 Major Cannabis Sector Themes To Watch In 2022

macbook

With less than a month left in 2021, we have become highly focused on the trends that are expected to become more significant in 2022. 

From Southeast Asia to Latin America, legal cannabis markets are popping up all over the world and we expect this trend to continue in the years to come. (Click here to read full article)

One region that we have been especially excited about is the European Union (EU). Following a change of leadership in Germany, we expect recreational cannabis to be legalized in Europe’s largest economy and believe that other countries in the EU will follow suit. 

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