Insights and Stories on Cannabis

Pot producer Canopy Growth to cut 250 jobs in profitability bid

Apr. 26, 2022 at 6:13 pm CDT

Reuters — Canopy Growth Corp. said it would lay off about 250 employees as part of a cost-cutting plan as the Canadian pot producer tries to achieve long-elusive profitability. Most Canadian marijuana companies have struggled to turn a profit despite more than three years of cannabis legalization due to fewer-than-expected […]

Pot company Hexo to shut production sites, cut jobs

Nov. 9, 2021 at 6:36 pm CST

By Reuters

Canopy eyes U.S. expansion via weed gummies maker

Oct. 14, 2021 at 4:34 pm CDT

By Rithika Krishna

Aurora Cannabis revenue short of expectations on lower pot demand

Sep. 28, 2021 at 8:51 am CDT

By Reuters

Aurora Cannabis to shut one Edmonton plant

Sep. 21, 2021 at 7:31 pm CDT

By Reuters

Pot producer Jushi acquires U.S. retailer in cheaper deal

Sep. 13, 2021 at 5:35 pm CDT

Reuters — Cannabis producer Jushi Holdings acquired Massachusetts-based retailer Nature’s Remedy at a cheaper price than initially offered, as valuation of weed companies across North America has dramatically dropped lately. The decline in valuations over the last few months has been largely due to a lack of progress on anticipated […]

By Reuters

Pot producer TerrAscend to buy U.S. rival Gage Growth

Sep. 1, 2021 at 2:21 pm CDT

Reuters — Cannabis producer and processor TerrAscend will buy Michigan-based rival Gage Growth Corp., backed by prominent cannabis investor Jason Wild, for around US$545 million, the pot producer said on Wednesday. Dealmaking in the U.S. cannabis industry has heated up this year as companies bank on Democrats’ promises to reform […]

By Reuters

Cannabis firms catch whiff of opportunity in Brazil

Aug. 20, 2021 at 7:25 pm CDT

Sao Paulo | Reuters — International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop. Major producers such as Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to […]

By Ana Mano

U.S. Senate Democrats roll out draft bill to legalize weed

Jul. 14, 2021 at 4:29 pm CDT

Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by […]

By Arathy S Nair Shariq Khan

Hexo steps up cannabis M+A spree with Redecan deal

May. 29, 2021 at 2:49 am CDT

Reuters — Hexo Corp said on Friday it would buy Redecan, a privately-owned Niagara-region cannabis producer, for $925 million in cash and stock, as the pot producer bolsters its portfolio to tap surging demand and position itself as a top recreational weed supplier. Cannabis demand surged last year as many […]

By Reuters

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