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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure?are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin,?special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

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Aurora to resume medical cannabis sales in Germany

Alberta, Canada-based Aurora Cannabis said?Monday that it obtained the necessary permits to resume sales of medical marijuana in Germany. In November, Marijuana Business Daily reported that the company’s products were not available in Germany until further notice. According to Aurora, pharmacies can now start fulfilling orders from “inventory currently held in Germany.” Germany, the largest […]

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Licensed outdoor cannabis canopy exceeds indoor for first time in Canada

The amount of space licensed to grow cannabis in Canada is now heavily skewed toward outdoor cultivation instead of indoor for the first time, according to new data from Health Canada. The federal regulator said it has licensed roughly 13 million square feet of indoor cannabis cultivation (including greenhouse), versus 19 million square feet approved […]

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Executive exodus continues in cannabis boardrooms with Sundial CEO’s resignation

Turnover inside the boardrooms of?Canadian cannabis producers shows no sign of slowing. Cannabis producer Sundial Growers said Thursday that Torsten Kuenzlen stepped down as a director and CEO “to pursue other interests.” His departure is effective immediately. Kuenzlen joined the Calgary, Alberta-based company to much fanfare –?and high expectations?– in 2018. However, Sundial’s stock has […]

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Medical cannabis flower imported into Germany doubles again in 2019, confirming strong growth

Germany imported 6,714 kilograms (14,802 pounds) of medical cannabis flower, primarily for pharmacy dispensing in 2019, according to fresh data from the nation’s medical regulatory agency. That’s more than double the total for 2018, when about 3 metric tons were imported. Data from the Federal Institute for Drugs and Medical Devices (BfArM) confirms the strong […]

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