Marijuana Business News

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Wed
21
Apr

The Mega Merger Between Tilray and Aphria Could Be Off To A Rocky Start

Earlier this week, the rumor mill started to imply that the merger between Aphria, Inc. (APHA.TO) (APHA) and Tilray, Inc. (TLRY) could be in trouble. 

The basis of the opinion is related to how Tilray extended the date of the shareholder meeting and lowered the bar to pass amendments. Previously, Tilray required a majority of shareholders to be present for special shareholder meetings.

Last week, Tilray’s board approved an amendment that only requires there to be one-third of voting shareholders to reach a quorum. Several media outlets and analysts tried to imply that Tilray was having a challenging time in regards to gathering enough votes to pass the mega-merger agreement. 

Tue
20
Apr

Cannabis Spending in Canada Exceeded $2 Billion in 2020

It’s no surprise that Canada has been killing it when it comes to cannabis spending in their legal, nation-wide market. It’s also common knowledge that, despite the hit the global economy took in 2020, cannabis is one of the only markets that not only survived, but thrived. But it’s still shocking to see just how much money Canadians spent on cannabis in 2020. And yes, we are talking about flower, not the entire cannabis industry.

Tue
20
Apr

Regina cannabis company set to release first line of products Tuesday

It’s been half a year since VIGR Life Cannabis Inc. (VLC) started cultivating its first crops in Regina, and now they’re ready to launch their first series of products.

The company, which is the first micro-grower in Regina, will be introducing a line of buds and pre-rolls which will be available at local dispensaries starting on April 20.

“Our plan is to bring things that maybe the market hasn’t seen yet,” said Jared Dumba, vice-president of operations in an interview Monday.

Tue
20
Apr

Why Aphria, OrganiGram Holdings, and Aurora Cannabis Rose Today

What happened

Shares of some Canadian cannabis companies jumped Monday morning, before paring those gains. Shares of Aphria (NASDAQ:APHA), OrganiGram Holdings (NASDAQ:OGI), and Aurora Cannabis (NYSE:ACB) all rose between 6% and 8% early in today's session. Those gains faded some, and as of 2 p.m. EDT, Aphria traded up about 1%, Organigram was up 3.2%, and Aurora was up 3.4%.

Mon
19
Apr

How You Can Use Data to Sustainably Scale your Greenhouse Production

It is no secret that the greenhouse produce industry is booming. With limited land, water, and labor, the global commercial greenhouse market pushed sales to $27.24 billion in 2019 and is expected to reach $61.88 billion by 2027. However, the expensive set up costs and the lack of awareness, especially when it comes to data, are hampering market growth.

Mon
19
Apr

The Environmental Impact of Cannabis Cultivation

As conscious consumerism enters the cannabis world, purchasing decisions may be based more on fair trade and regenerative farming than on orange hairs and THC percentage. With legalization taking hold, the industry has shifted from trying to protect people from the police to trying to protect small businesses from the behemoths that are inevitably entering the cannabis space. But while a lot of support for small cannabis businesses comes out of a concern for the people involved, there’s another party to be considered: the planet.

Mon
19
Apr

Dismal earnings for Canadian cannabis

It's been a rough start to earnings season for Canadian companies, with Aphria's stock dropping over 14% after losing significant market share and a total of C$361 million in the quarter.

There was a lot of pointing fingers at the COVID-19 lockdowns, but Wall Street analysts say that while the lockdowns caused some of the sales decline, Aphria's issues extend beyond the coronavirus.

Tilray postponed a shareholder meeting to vote on its proposed merger with Aphria until April 30.

Mon
19
Apr

Tilray Board of Directors Announces Approval of Amendment to Company’s Bylaws; Aphria and Tilray Announce Waiver of Charter Amendment Proposal Requirement

Tilray, Inc. (NASDAQ: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today announced that the Tilray board of directors approved an amendment to the Company’s bylaws to reduce the quorum requirement for shareholder meetings from shareholders representing a majority of the voting power of the outstanding shares entitled to vote to one-third of the voting power of the outstanding shares entitled to vote.

Fri
16
Apr

Who wants to be marijuana millionaire? The celebrities cashing in on their legal weed businesses

In a natty mohair cardigan made by dapper Japanese brand Needles and 1970s-style specs, actor, screenwriter and director Seth Rogen is beaming gleefully into his camera phone. ‘This is my life’s work, and I’ve never been more excited about anything,’ he explains in a video shared with his nine million Twitter followers.

Thu
15
Apr

How to Cut Costs and Make Your Cannabis Extraction Operation More Efficient

For cannabis extraction companies, becoming more efficient and more productive goes hand in hand with expansion and scaling up. Marijuana extraction firms looking to cut costs and boost efficiencies can do so in several ways, including:

  • Adding automated solutions to extraction equipment.
  • Sourcing high-quality starting material.
  • Designing the facility to streamline the process and improve workflow.

Automation

Automating certain parts of the extraction process can dramatically reduce labor costs and increase throughput time.

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