Below you'll find a list of all posts that have been categorized as “Cannabis Business News”
Aurora Cannabis announced deals to acquire two companies on Thursday – H2 Biopharma Inc., a late-stage Canadian medical cannabis production applicant, and Larssen Ltd., a greenhouse design firm. In total, Aurora will pay $25 million for H2, with an initial $10 million payment; all of which will be paid through the issuance of Aurora common shares. According to a press …
Australia’s Creso Pharma is expanding its reach into China, announcing the company has established a strategic partnership and commercial distribution agreement with hemp-producer Zhejiang Kingdom Create So., Ltd. Kingdom Creative will import hemp and cannabis-derived animal and human health products and invest in the marketing and distribution of the products. Dr. Miri Halperin Wernli, Creso Pharma CEO, said the partnership …
Canada’s Aurora Cannabis Inc. is seeking to takeover CanniMed Therapeutics in an all-stock $455 million deal, according to a Bloomberg report. The deal values CanniMed stock at C$24 a share, 57 percent above Tuesday’s Toronto Stock Exchange closing price. Aurora Executive Vice President Cam Battley told Bloomberg that the firm is “making a very big push into Europe” and the …
Las Vegas, Nevada’s Nu Wu Cannabis Marketplace has opened the city’s first drive-thru retail location less than a month after the Paiute Tribe opened the location doors, KSNV News3LV reports. The owners say the option is convenient for people with disabilities and those who are just in a rush. “Medicinal patients – patients that aren’t able to come into the …
Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad Age that the company was …
MJ Freeway, the seed-to-sale firm used in several legal states, suffered an outage last Saturday and Monday, forcing some medical cannabis dispensaries to either suspend operations or record their sales by hand, according to a Philadelphia Inquirer report. The company confirmed to the newspaper that they had “observed performance issues” with their Tracker software. “All client sites were taken offline …
Arizona’s first drive-thru medical cannabis dispensary open tomorrow in Sun City as a convenience service for the elderly and disabled, according to an AZFamily.com report. The dispensary, All Greens, will utilize the old drive-thru teller window of a remodeled bank to sell to its registered patients. Anthony Harrington, CEO of All Greens, said that the company had developed rules for …
Canada-based Khiron Life Sciences Corp. and PharmaCielo Ltd. are the first companies to be granted full licenses to produce and process medical cannabis products in Colombia. Both companies are able to cultivate and process products containing unrestricted percentages of THC and CBD. Having received all three requisite licenses to operate in the country, Khiron Colombia SAS, the Canadian firm’s Colombian …
CIITECH, a cannabis biotech startup developing Israeli cannabis products in the United Kingdom and European Union, has awarded research funding to two Hebrew University scientists to explore the possible effects of CBD on asthma. The Hebrew University team includes asthma researcher Francesca Levi-Shaffer and Raphael Mechoulam, who is credited with discovering the endocannabinoid system. “We know that CBD has anti-inflammatory …
The Jamaican Ganja Growers and Producers Association has announced they will launch the Cannabis Commercial Council to help address concerns over the nation’s forthcoming medical cannabis industry, the Jamaica Observer reports. The council will begin its work after hosting its upcoming Ganja Stakeholders Forum. According to the report, the council will “research, develop and formulate policies for the holistic development …
