FSD Pharma Announces Acquisition To Expand In Newfoundland

Strategic investment of $40 million to bring economic benefits to province of Newfoundland

CANADA: FSD Pharma announced a binding agreement to purchase 51% of Atlantic Island Cannabis (to be renamed FSD Atlantic Pharma Inc.) effective July 4, 2018. The agreement involves a strategic investment of $40 million to drive production and sales of legal cannabis in the province of Newfoundland. In the first phase of the project, an indoor high quality 45,000 Read the full article…

Tilray Launches Initial Public Offering

Tilray joins Nasdaq

CANADA: Tilray, a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, announced that it has launched an initial public offering of its Class 2 common stock pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission. Tilray has applied to list its common stock on the Nasdaq Global Read the full article…

Isodiol Agrees To Acquire 51% Of Round Mountain Technologies, Commences Certified Organic Hemp Farming in Nevada

merger and acqusition

CANADA: Isodiol International, a global CBD innovator specializing in hemp based health and wellness products, the development of pharmaceutical CBD delivery methods and the manufacturing of a pure, natural CBD as an Active Pharmaceutical Ingredient for use in finished pharmaceutical products, is pleased to announce that it has entered into a binding agreement to acquire 51% Read the full article…

Natural Pet Science Launches Pet Treats Made From Hemp And Crickets

Good dog, have some crickets

CANADA: Premium pet brand Natural Pet Science has launched a line of hemp-based health-conscious pet treats infused with crickets – yes, crickets! – to provide a one-of-a-kind snacking experience for pets. The launch features two of the Vancouver-based brand’s inaugural pet treats: Slim’Dog, a weight control formula for dogs, and Calm’Cat, a calming formula for cats. Both Read the full article…

Aphria Signs Agreement To Supply Cannabis To The Manitoba Adult-Use Market

Cannabis in Canada

CANADA: Aphria has signed a Supply Agreement with the Manitoba Liquor and Lotteries Corporation to provide a portfolio of high-quality, branded cannabis and cannabis derivative products for sale in Manitoba’s adult-use market. “We are thrilled to finalize this Agreement with the MBLL,” said Jakob Ripshtein, Chief Commercial Officer at Aphria. “Our broad portfolio of adult-use brands and products Read the full article…

Aurora Cannabis Announces $200 Million Debt Facility With Bank Of Montreal

bankofmontrealwinnipeg1

CANADA:  Aurora Cannabis has agreed to a new $200 million debt facility, with a potential upsize to $250 million, with the Bank of Montreal (“BMO”). The facility will consist of a $150 million term loan and a $50 million revolving credit facility (together, the “Loans”), both of which will mature in 2021. A short period after the implementation of Bill C-45 in October 2018, the Company Read the full article…

Tilray Announces Appointments To Board Of Directors

New Board members bring expertise in global partnerships, distribution, licensing, public policy, and international business diplomacy

CANADA: Tilray, a global pioneer in cannabis cultivation, processing, distribution and research, today announced the appointment of Rebekah Dopp, a Principal in Global Partnerships at Google; Maryscott “Scotty” Greenwood, CEO of the Canadian American Business Council and a Principal at Dentons; and Christine St.Clare, founder of St.Clare Advisors and formerly a Partner at KPMG, to the Read the full article…

Marapharm Ventures Expanding Washington State Operations With Sun-Grown Production

017 Sun-Grow Season, Washington USA (CNW Group/Marapharm Ventures Inc.)

CANADA: Marapharm Ventures has entered into a Letter of Intent and Definitive Agreements to expand its Washington State operations. In a press release, the company announced it has closed the foregoing transactions and acquired certain operational assets, land and water rights related to two licensed cannabis producers and processors operating in Tonasket, Washington. Just South of the Canadian border in Central Washington, Tonasket is home Read the full article…

Tilray Launches New High-CBD Cannabis Oil

Tilray_2100

CANADA:  Tilray, a leader in medical cannabis cultivation, distribution, and research, has launched its newest product, Tilray 2:100, a high-CBD cannabis oil. Designed for patients with significant unmet medical need, Tilray 2:100 contains the highest concentration of cannabis-extracted CBD in a medical cannabis product available through Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR). Read the full article…

Aphria Selects Great North Distributors For Canadian Distribution Of Adult-Use Cannabis

Cannabis in Canada

CANADA: Aphria and Great North Distributors, a wholly-owned Canadian subsidiary of Southern Glazer’s Wine & Spirits, have signed an agreement for Great North Distributors to serve as exclusive manufacturer’s representative for Aphria’s adult-use cannabis products throughout Canada, following the legalization of recreational cannabis for adult-use anticipated later this year. Under the terms of the agreement, Great North Distributors Read the full article…