Pot producer Canopy to sell German pharma unit C3 on COVID-19 hit December 16, 2021 AggregatedNews Mergers & Acquisitions 0 Comments Dec 15 (Reuters) - Canadian pot producer Canopy Growth Corp (WEED.TO), said on Wednesday it would sell its German pharmaceuticals unit, C3 Cannabinoid Compound Co GmbH, to a local firm as revenue took a hit due to pandemic-related restrictions in… Read More→
£20m Sicilian Firm Aims To Patent New Cannabis Medicines With Production To Begin in Weeks March 1, 2021 Peter McCusker Italy 0 Comments SICILY-based Canapar – a vertically-integrated cannabis business – is set to begin producing its first CBD oils in the next few weeks. This will be the culmination of over two years work for a business initially conceived with support from… Read More→
Marijuana M&A boom awaits, in California and beyond February 8, 2021 AggregatedNews Mergers & Acquisitions 0 Comments Jazz Pharmaceuticals’ $7.2-billion purchase of GW Pharmaceuticals last week is the biggest tie-up yet for the cannabis industry. And it’s probably just the beginning. The blockbuster deal, which dwarfs Tilray Inc. and Aphria Inc.’s $3.8-billion merger as well as Constellation Brands… Read More→
Which cannabis companies are going to survive coronavirus? Here’s how to tell April 20, 2020 AggregatedNews Banking, Finance & Real Estate 0 Comments The sector was already shaky before COVID-19, but companies must now have the right mix of cash, pot and sales channels to make it to the other side Before the outbreak of COVID-19, cannabis stocks had plummeted from fattened valuations… Read More→
Cannabis market leader Canopy Growth names Constellation Brands’ CFO as its new CEO December 10, 2019 AggregatedNews Industry People 0 Comments Shares soar 13% as CFO of Canopy’s biggest shareholder takes the helm Canopy Growth Corp. said Monday it has named David Klein, currently chief financial officer at its biggest shareholder, Constellation Brands Inc., as its new chief executive, taking over… Read More→
Cross-border Cannabis: The Potential Impact of Anti-Money Laundering Laws on International Cannabis Deals June 25, 2019 Anthony Moshirnia Policy & Legal 0 Comments When it was announced in April 2019, Canopy Growth Corp.’s conditional deal to purchase Acreage Holdings Inc. raised eyebrows not only because of its price tag (potentially exceeding US$ 3 billion in total consideration), but also because of the transacting parties’… Read More→
Martha Stewart distances herself from ‘cannabis’ ahead of CBD product launch June 20, 2019 AggregatedNews Hemp Industry News, Industry People 0 Comments Martha Stewart commands a massive audience when she cooks, decorates, gardens and appears on television with Snoop Dogg. But the 77-year-old food and lifestyle guru has been tight-lipped about her personal use of cannabis. That took on greater meaning after… Read More→
These are the biggest threats to the cannabis industry, according to top CEOs in the space June 10, 2019 AggregatedNews News & Insights 0 Comments The nascent marijuana industry has made significant strides over the past several years. Illinois is poised to become the 11th state to allow recreational cannabis sales, after lawmakers last week voted to pass legislation considered to represent the most progressive adult–use bill… Read More→
Canopy Growth to Build First U.S. Hemp Plant in New York State January 15, 2019 AggregatedNews Hemp Industry News 0 Comments Canopy Growth Corp. will spend as much as $150 million to build its first production facility in the U.S. after the Canadian cannabis company was granted a hemp license by New York state. The U.S. farm bill legalized hemp and… Read More→
Pot Is Becoming an Earner for Once Reluctant Toronto Law Firms November 22, 2018 AggregatedNews Policy & Legal 0 Comments Sector has seen 27 deals worth $10.6 billion this year, Davies Ward leads Canadian law firms in cannabis M&A work The legalization of cannabis in Canada may have diminished the need for criminal lawyers, but it’s created a booming business for… Read More→
The Statistic in Tilray’s Prospectus That Should Have Marijuana Stock Investors Salivating September 12, 2018 AggregatedNews Cannabis Investments 0 Comments Chances are you probably overlooked this big-picture figure prior to Tilray's initial public offering. In case you haven't noticed, marijuana stocks are blazing hot once again. This budding industry has taken flight on the expectation of rapidly rising sales and… Read More→
Constellation Brands to invest $5-billion to boost stake in Canopy Growth August 15, 2018 AggregatedNews Banking, Finance & Real Estate, Canada 1 Comment Constellation Brands has signed a deal to invest $5-billion in Canopy Growth Corp. to increase its stake in the marijuana company to 38 per cent and make it its exclusive global cannabis partner. Under the agreement, Constellation, a global producer… Read More→
Canada Is About to Inhale the Global Pot Market. Thanks, Jeff Sessions. June 30, 2018 AggregatedNews Canada, On the Move 0 Comments In the dark of a frigid February morning on the outskirts of Ottawa, Canada, a convoy of trucks pulled up to the loading docks of a refurbished Hershey’s factory that’s now the headquarters of the world’s largest marijuana company—Canopy Growth Corp.… Read More→
Merging Alcohol and Cannabis – Is This the Future of the Marijuana Industry? March 19, 2018 Susan Gunelius News & Insights 0 Comments The company with the most money wins. This is often the case in business, but in the growing marijuana industry where savvy startups have led the way over the years, the environment has been quite different. That could be changing… Read More→
Canadian Cannabis Companies Set Their Sights On South America February 2, 2018 AggregatedNews Canada 0 Comments Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world.… Read More→