Insights and Stories on Marijuana

Oct. 11, 2018 at 2:58 am CDT

Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details of Richmond, Virginia-based Altria’s investment are still being finalized, though it has expressed interest in buying a minority stake in […]

By Reuters

Oct. 10, 2018 at 4:30 am CDT

Reuters — Walmart’s Canadian unit said Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to get into the business. Walmart is the first major retailer to show an interest in being a part of Canada’s burgeoning marijuana industry, as other big U.S. companies, […]

By Reuters

Oct. 8, 2018 at 2:54 am CDT

A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. Langley-based, publicly-traded Bevo Agro on Thursday announced a reverse takeover deal with Surrey-based, privately-held cannabis firm Sun Pharm Investments, which […]

By GFM Staff

Sep. 20, 2018 at 2:02 pm CDT

Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. […]

By Reuters

Sep. 17, 2018 at 2:56 am CDT

Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray […]

By Nichola Saminather, Simon Jessop