It's been a rough start to earnings season for Canadian companies, with Aphria's stock dropping over 14% after losing significant market share and a total of C$361 million in the quarter.

There was a lot of pointing fingers at the COVID-19 lockdowns, but Wall Street analysts say that while the lockdowns caused some of the sales decline, Aphria's issues extend beyond the coronavirus.

Tilray postponed a shareholder meeting to vote on its proposed merger with Aphria until April 30.

Executive Moves

• Cannabis recruiting startup Vangst hired Jennifer Bedford, previously of Signal Partners, to lead its executive search service. 
• Jason Dyck is joining Australis Capital as its new Chief Science Officer. Dyck previously led the research and science team at Aurora Cannabis. 
• Tilray has appointed David F. Clanachan, the former COO of Canadian chain Tim Horton's, to its board of directors, per a securities filing.
• TILT Holdings made a slew of hires, appointing Darryl K. Henderson and Roseann Valencia-Fernandez as SVP of human resources and VP of marketing respectively. 

Deals, launches, and IPOs

• Cannabis brand Connected closed a $30 million raise, a mix of debt and equity. The round was led by Navy Capital, and includes investors like One Tower Group, Emerald Park Capital, and Presidio View Capital. 
• Boston-based cannabis delivery service Zip Run closed a $2.3 million seed round, led by Mollitiam Capital. 
• Pamos, a non-alcoholic THC and CBD infused line of spirits, launched for delivery in the Los Angeles area. 
• Florida cannabis giant Trulieve announced on Tuesday that it had acquired West Virginia cannabis operator Solevo Wellness in a $650,000 deal. 
• Canadian cannabis company Hexo Corp filed for a $1.2 billion base shelf prospectus, per securities filings. 

Policy moves 

• New Mexico legalized adult-use cannabis this week, though New Mexicans 21 and older will be only able to both possess and grow marijuana starting from this summer. Sales are expected to begin in 2022. 
• The cannabis industry is unionizing: Workers at Curaleaf's Hanover, Massachusetts dispensary joined the United Food and Commercial Workers Union (UFCW). 
• The province of British Columbia will officially request a federal exemption from Health Canada to decriminalize the possession of all drugs in the face of a rise in overdose deaths, Global News reports. 

Job board

• Cannabis tech startup Dutchie is hiring for a number of roles, including director of security engineering.

Earnings roundup

• Aphria released its fiscal Q3 results on Monday, reporting C$153.6 million in net revenue and a C$361 million net loss.
• Organigram released its fiscal Q2 results on Tuesday, reporting C$14.64 million net revenue and a C$66.38 million net loss.
• TILT Holdings released its fourth quarter and full year 2020 results on Thursday, reporting $42.3 million in revenue and a $92.2 million net loss.