Major Canadian cannabis producer Aphria on Wednesday reported strong quarterly EBITDA growth, despite coronavirus-related impairment charges from its international operations that contributed to a net loss. The Leamington, Ontario-based company reported adjusted EBITDA of 8.6 million Canadian dollars ($6.4 million) for the quarter ended May 31, up 49% from theContinue Reading
Efforts to increase social equity funding for adult-use marijuana applicants in Massachusetts and diversify the industry have stalled in this year’s state legislative session. Massachusetts lawmakers declined to endorse a number of last-minute amendments designed to bolster the state’s retail cannabis social equity programs, the Boston Business Journal reported. Massachusetts’sContinue Reading
Germany imported 4,126 kilograms (9,096 pounds) of medical cannabis flower for pharmacy dispensing during the first half of 2020, an increase of more than 60% compared to the same period last year, new government data shows. A small part of the imported flower could’ve been re-exported to other European countries,Continue Reading
Siblings Roberta Wilson and Jeff Koz never planned to get into the cannabis business, but sometimes that’s just the way the cookie crumbles. Wilson and Koz’s edibles brand, Dr. Norms, started as an offshoot of Wilson’s non-medicated cookie company, Audrey’s, named after their mother. With the addition of cannabis to their mom’sContinue Reading
Amid the ongoing expansion of New Jersey’s medical marijuana market as well as the anticipated victory of recreational legalization at the ballot box in November, some of the state’s cannabis companies are investing heavily in cultivation build-outs and other infrastructure to meet an expected surge in demand. Many industry insidersContinue Reading
