Storz & Bickel’s Volcano Medic 2 receives Medical Use Approval from Health Canada

SMITHS FALLS, ON and TUTTLINGEN, Germany, April 3, 2020,/CNW/ – Storz & Bickel is pleased to announce that Health Canada has issued a Medical Device Licence for the new Volcano Medic 2 (License No.: 103842), an advanced cannabis vaporizer device for medical use. This licence permits distribution to medical institutions, clinics, and patients in Canada – […]

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Canopy Growth announces changes to its Board of Directors

Terry Yanofsky and David Lazzarato appointed as John Bell and Peter Stringham retire from the CGC Board. SMITHS FALLS, ON, April 1, 2020 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce that Ms.Terry Yanofsky and Mr. David Lazzarato have been appointed to the Company’s Board of […]

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Cannabis Industry steps up to help during COVID-19 Pandemic

Our neighbours to the south are unenviably approaching 100,000 cases of COVID-19 across the country; the largest count worldwide. Here at home, where a faster and more effective approach to dealing with the spread of the virus – an attempt to flatten the curve – has been implemented, Canada sits at 4,610 cases. Though fairing […]

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Tweed’s first THC-Infused Cannabis Beverage

Tweed Houndstooth & Soda will be available for purchase on provincial eCommerce platforms and brick-and-mortar retail locations across Canada In the same week that Canopy Growth announced the closure of its Tokyo Smoke and Tweed retail stores, in light of the COVID-19 pandemic, the latter brand also announced its preparation for the launch of cannabis […]

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COVID-19: Canopy Growth to temporarily close corporate owned retail

SMITH FALLS, ON, March 17, 2020 /CNW/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) has been monitoring the COVID-19 outbreak and paying close attention to the guidance given by public health bodies around the globe. Canopy Growth’s leadership team has made the decision to temporarily close all corporate-owned Tokyo […]

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Cannabis Equities Fallout: Health Canada still sandbagging good growers

News broke Wednesday that Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) would be shuttering operations in Aldergrove and Delta, B.C., laying off an estimated 500 workers. Canopy’s layoffs are the latest, and largest, in a rash of cost-cutting measures that have swept through the legal cannabis industry in recent months. The company reported a $1.5 billion cash balance […]

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Canopy Growth announces Production Optimization Plan in Canada

The Company announces the closure of two Canadian greenhouses, representing a significant step forward in aligning the Company’s cultivation capacity with projected demand.  Company expects to record estimated pre-tax charges of approximately $700-800MM in Q4 Fiscal 2020, as the Company completes its organizational & strategic review. SMITHS FALLS, ON, March 4, 2020 /CNW/ – Canopy […]

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Aurora latest cannabis company to ice Latin American ambitions

When CLN last checked in with Aurora Cannabis, the company had just parted ways with CEO Terry Booth and laid off 500 people in an attempt to cut costs and keep the cashflow-negative mega grower on top of more than $600 million worth of debt. Since then, the company has released their financial statements for […]

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Cash keeps Canopy on top in Q3

Canopy Growth‘s Valentine’s Day report of Q3 earnings that weren’t a complete disaster made the world’s largest marijuana company look positively competent next to its peers. Canopy was able to show revenue growth in a period that sent rival mega-grower Aurora Cannabis (TSX:ACB)(NYSE:ACB) and self-proclaimed better-grower Supreme Cannabis (TSX:FIRE) into their own respective tailspins. Canopy’s […]

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