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Canadian cannabis producer Canopy Growth reached a deal with noteholders to trade 255.4 million Canadian dollars ($198 million) of debt for shares and cash, thereby reducing a substantial...
Fitch downgraded the rating for Canadian cannabis producer Canopy Growth to CCC, the agency’s fifth-lowest rating, and warned of potential further negative actions. Fitch’s CCC rating carries...
Canadian cannabis producer The Flowr Corp. eliminated 40% of its workforce and sold a large parcel of land in a bid to save cash. The struggling Toronto-headquartered company...
One of Colorado’s largest cannabis brands laid off 33 employees – almost a quarter of its staff – and shuttered one of three cultivation sites. The president of...
Canadian cannabis company Sundial Growers says it has put in a stalking horse bid to buy the assets of distressed Hexo Corp. subsidiary Zenabis Global, which filed for creditor...
San Diego-based Innovative Industrial Properties (IIP) will pay $22 million to acquire 25 acres of land and a facility from a medical cannabis company in Austin, Texas. IIP,...
Two of Canada’s biggest cannabis retailers, Edmonton, Alberta-based High Tide and Toronto’s Fire & Flower, reported small losses in their latest respective quarters. However, one retailer...
Hexo Corp. reported a net loss of 146 million Canadian dollars ($112 million) for its February-April quarter, bringing the Canadian cannabis producer’s loss for the first nine months...
Bright Green Corp. made history last month as the first plant-touching marijuana business to trade on a major U.S. stock exchange, and its market value soared as...
The passage of federal cannabis banking reform is considered possible this year, provided it’s combined with an existing marijuana expungement bill, according to published reports. According...
