B.C.-based pot firm Evergreen Medicinal has licence suspended by Health Canada British Columbia-based cannabis producer Evergreen Medicinal Supply had its licence to grow and sell legal marijuana in Canada suspended by Health Canada. The company’s suspension is the second time a Canadian producer had its licence withdrawn by federal regulators following Bonify’s suspension earlier this year. It also comes as investors await Health Canada’s ruling on what penalty it will enforce on CannTrust after the…
Licensed Producers
Privacy Expert Calls Ontario Cannabis Store’s Sale of Postal Code Data ‘Appalling’
The Ontario Cannabis Store sells licensed producers data based on customers’ addresses, Global News has learned. That’s contrary to its own privacy policy, a leading privacy expert says. The address data is broken down by the first three characters of customers’ postal codes. The postal areas vary in population. The average one in Ontario has about 25,000 residents, though 19 have fewer than 1,000. One in Cambridge has only 279 residents. – Read the entire…
Cannabis Producer Canntrust Lays Off 180 Workers After Regulatory Problems
CannTrust Holdings Inc. is laying off about 180 people — about 20 per cent of the Ontario-based cannabis company’s workforce — following repeated problems with both its product and how it has been produced. The move is expected to result in annual cash savings of about $9-million, as well as the company recording roughly $2-million in severance costs, the pot producer said. Most of the affected employees were in cultivation and customer service support roles.…
Tilray Expands Retail Footprint by Buying Calgary Pot Shop Operator for $110 Million
Will use Four20’s expertise to help expand in other provinces. Tilray Inc. is buying marijuana retailer 420 Investments Ltd. of Calgary for $110 million, the British Columbia-based cannabis researcher and distributor said. The all-stock deal through a Tilray subsidiary, High Park Holdings Ltd., is expected to close early next year, according to a statement by Tilray. The first $70 million in stock is payable on the close of the deal with the remaining $40 million…
Aphria Signs New Cannabis Delivery Partnership In Canada
NYSE-traded cannabis company Aphria Inc. (NYSE: APHA) (TSX:APHA) and ParcelPal Technology Inc. (CSE: PKG) (OTC: PTNYF) will be announcing later today a strategic partnership for the delivery of the former’s medical cannabis products. According to information procured exclusively, ahead of a press release hitting the wire later today, distribution and delivery will commence in Calgary, Alberta, but expansion into other areas is expected to follow shortly. Aphria will be providing the cannabis products and online…
Tilray® Announces Agreement to Export First Shipment of Medical Cannabis From Portugal to Germany
Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced it has entered into an agreement with Cannamedical Pharma GmbH (“Cannamedical”) through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda. (“Tilray Portugal”), to export a wholesale shipment of $3.3 (€3) million worth of medical cannabis from Portugal to Germany. The shipment, which is expected to be completed in fall 2019, will be Tilray’s first from its state-of-the-art EU campus in Portugal…