Marijuana Business Daily

Regulator warns Canadian marijuana firms against ‘problematic promotional activities’

Canada’s stock market regulator warned publicly traded companies in emerging industries such as cannabis and fintech against “problematic promotional activities” that could artificially increase share prices and put investors at risk. The warning from the Canadian Securities Administrators (CSA) – an umbrella organization for provincial securities regulators – came amid […]

IGC Resources, Westleaf Cannabis close CA$20 million raise, including investment from Tilray

Alberta marijuana companies IGC Resources (TSXV: IGC.H) and Westleaf Cannabis closed a brokered private placement of 20 million Canadian dollars ($15 million), including CA$2.9 million from British Columbia-based Tilray. The capital raise was completed in connection with Westleaf’s proposed reverse takeover of IGC, which received conditional approval from the TSX Venture […]

Massachusetts recreational marijuana stores bring in $2.6M in second week of sales

The newly launched adult-use cannabis market in Massachusetts hit $2.6 million in sales during the second week of sales, according to figures released by the state’s Cannabis Control Commission. Data also shows that since Massachusetts’ recreational marijuana market launched Nov. 20, there have been just over $4.8 million in sales […]

Aphria warned by Health Canada about ‘noncompliance’ in June

Beleaguered Canadian cannabis giant Aphria was given a noncompliance rating and issued a warning letter by Health Canada in June over “critical” findings discovered in a routine annual inspection. During the inspection, Health Canada identified three critical items related to recordkeeping, good production practices and sanitation and maintenance of Aphria’s […]