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Canadian cannabis producer Canopy Growth borrows $750 million

Canadian cannabis producer Canopy Growth borrows $750 million

by InfluencER | Mar 19, 2021 | Production

Smiths Falls, Ontario-based cannabis firm Canopy Growth has taken out a senior secured loan worth $750 million ($932 million Canadian dollars), with the possibility of borrowing $500 million more, in a deal with investment management firm King Street Capital...
Canada weighs tighter rules for grow-your-own pot producers

Canada weighs tighter rules for grow-your-own pot producers

by InfluencER | Mar 9, 2021 | Production

Canada on Monday launched a public consultation seeking to tighten rules for individuals who are allowed to grow their own medical cannabis, in an effort to clamp down on pot seeping into black markets. In draft guidance issued for the consultation, Health Canada...
Marijuana cultivators should rethink how they measure water use, new report says

Marijuana cultivators should rethink how they measure water use, new report says

by InfluencER | Mar 3, 2021 | Production

As demand for water increases and the supply remains limited, marijuana cultivators might need to change the way they think about and measure their use of this precious resource, according to a new report compiled by three organizations. Early efforts quantified...
Weather Vagaries Trigger Medical Marijuana Shortages in Jamaica

Weather Vagaries Trigger Medical Marijuana Shortages in Jamaica

by InfluencER | Feb 11, 2021 | Production

Jamaica, a country that has long been associated with cannabis, reggae, and Rastafarianism is running low on marijuana. Despite being named after sturdy plants that can generally withstand most kinds of terrains and weather extremes, “weed” actually requires a...
Cannabis MSO Green Thumb nets $100M through initial US stock sale

Cannabis MSO Green Thumb nets $100M through initial US stock sale

by InfluencER | Feb 10, 2021 | Production

Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. Chicago-based Green...
US labor agency: Ruling says cannabis trimmers, grow-room employees can’t unionize because they qualify as agricultural laborers

US labor agency: Ruling says cannabis trimmers, grow-room employees can’t unionize because they qualify as agricultural laborers

by InfluencER | Feb 3, 2021 | Production

MJ Biz reports that US labor agency: Ruling says cannabis trimmers, grow-room employees can’t unionize because they qualify as agricultural laborers. The decision, 04_CA_260089_10_21_20_.pdf, was released last week by the National Labor Relations Board and counters...
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