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National Company to Acquire This Arizona Cannabis Operator
Spotlight Stock

National Company to Acquire This Arizona Cannabis Operator

by Sophia Vida January 03, 2022
According to a Business Journal report, a national company is set to acquire an Arizona cannabis operator. Massachusetts-based Curaleaf Holdings Inc. has announced that it has entered into a definitive agreement to acquire Ariz...
Marijuana Firm Tilray’s CEO is Awarded $13+M in Cash Bonuses This Year
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Marijuana Firm Tilray’s CEO is Awarded $13+M in Cash Bonuses This Year

by Sophia Vida October 04, 2021
It was a good year for Irwin Simon, the CEO of cannabis firm Tilray. The chief executive has received $13.2 million in cash bonuses this year so far. The company has paid Simon cash bonuses totaling $13.2 million (16.7 milli...
Aurora Cannabis Reports Q4 Results and Misses Expectations
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Aurora Cannabis Reports Q4 Results and Misses Expectations

by Sophia Vida September 28, 2021
It was on Monday night that Aurora Cannabis, the Canadian marijuana producer, reported its fourth quarter financial results. Shares moved higher despite the company reporting results that mixed expectations. The company's sale...
Aurora Cannabis Lays Off Many Workers After Facility Closing
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Aurora Cannabis Lays Off Many Workers After Facility Closing

by Sophia Vida September 23, 2021
Canadian marijuana producer Aurora Cannabis has laid off 8% of its workforce after the closure of its Polaris facility in Edmonton, Canada. No actual number has been disclosed of how many employees were impacted by the closure....
Amazon Makes Big Announcement Related to Marijuana
Spotlight Stock

Amazon Makes Big Announcement Related to Marijuana

by Sophia Vida September 21, 2021
E-commerce giant Amazon has announced in a blog post that workers and applicants who were fired or barred during marijuana screen are now eligible to work for the company. The company has "reinstated the employment eligibilityâ...
Marijuana Producer Tilray to Close Flagship Facility
Spotlight Stock

Marijuana Producer Tilray to Close Flagship Facility

by Sophia Vida September 16, 2021
Leading cannabis producer Tilray will be shutting down a "flagship" facility in Nanaimo, British Columbia. The move is a part of the company's plan to save money after its merger with Aphria according to a confirmation from Til...
Aurora Cannabis Ships First Shipment of ‘Free’ Cannabis to France
Spotlight Stock

Aurora Cannabis Ships First Shipment of ‘Free’ Cannabis to France

by Sophia Vida August 26, 2021
Through a subsidiary, Canada's Aurora Cannabis has delivered its initial shipment of medical marijuana to France for use in the country's pilot program. The company made the announcement this week. The country's program is r...
Canadian Cannabis Producer Indiva Sees Revenues Surge
Spotlight Stock

Canadian Cannabis Producer Indiva Sees Revenues Surge

by Sophia Vida August 24, 2021
Canadian licensed marijuana producer Indivia has seen its revenue surge as the appetite for cannabis edibles increases. The company had experienced a big climb in net revene during the April-June quarter that was largely from g...
This is What Hexo’s CEO Said About Company’s Dismal Third Quarter
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This is What Hexo’s CEO Said About Company’s Dismal Third Quarter

by Sophia Vida June 14, 2021
"Craft absolutely surprised us," is what Hexo Corp. CEO had to say about a cannabis sales plunge. The Canadian cannabis producer lost almost 21 million Canadian dollars ($17.3 million) in its third quarter on revenue that came ...
IM Cannabis and FLOWR Sign Deal to Import Medical Cannabis to Israel From Canada
Spotlight Stock

IM Cannabis and FLOWR Sign Deal to Import Medical Cannabis to Israel From Canada

by Sophia Vida June 09, 2021
Israel-based multi-country operator IM Cannabis (CSE: IMCC) (NASDAQ: IMCC) announced this week that the company has signed a multi-year deal with Canadian licensed producer The FLOWR Corporation (OTC: FLWPF), under which the latte...

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