Day: May 26, 2020

British Columbia-based cannabis cultivator Tilray is the latest Canadian firm to throw in the towel on large greenhouse cultivation, announcing it will shutter its High Park Gardens facility in Leamington, Ontario. The greenhouse, with 406,000 square feet of licensed growing space, was part of Tilray’s deal to acquire Natura NaturalsContinue Reading

A racketeering lawsuit against more than 200 Oregon marijuana companies is resulting in what looks to be a victory for the group of cannabis companies that refused to settle. The case is one of many in recent years to use the Racketeer Influenced and Corrupt Organizations (RICO) Act against theContinue Reading

Oklahoma’s growing medical cannabis market suffered a rare setback when Gov. Kevin Stitt vetoed a bill that would have allowed home delivery and pre-roll production and sales. The Republican-controlled Legislature passed the bill by a wide margin, so some lawmakers had hoped they could muster an override of the governor’sContinue Reading

Canadian cannabis cultivator Aphria Inc. is moving its U.S. stock listing to a new venue, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq Global Select Market. The move will take place after markets close on Friday, June 5. Shares of Aphria will start trading on theContinue Reading

Marijuana Business Daily has launched two cannabis-related discussion groups on Leafwire, a LinkedIn-style digital service for MJ industry professionals. One group focuses on international marijuana business news; the other shares stories about the hemp industry. The two groups will bring MJBizDaily stories directly to the Leafwire audience and are intendedContinue Reading

Cresco Labs, a vertically integrated multistate marijuana company, said it agreed to purchase four Ohio medical marijuana dispensaries, currently operated by Verdant Creations, as the Illinois-based company increased its investment in what’s shaping up to be a lucrative market. Cresco will pay $375,000 in cash for each store as wellContinue Reading

Colombian-based Khiron Life Sciences is a global cannabis company that has developed a reputation as a Latin American industry leader. In March 2020, Khiron made history by becoming the first company to develop and commercialize a medical cannabis product in Colombia. Since then, the company has achieved many other milestonesContinue Reading