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Aurora Cannabis Reports Quarterly Loss Following Layoffs, Writedown and CEO Departure

Edmonton Aurora Cannabis reports quarterly loss following layoffs, writedown and CEO departure Social Sharing Facebook Twitter Email Reddit LinkedIn Earnings affected by drop in production, costs of rolling out edibles and vapes Tara Deschamps Cannabis seedlings at the new Aurora Cannabis facility Friday, November 24, 2017, in Montreal. Aurora Cannabis Inc. is reporting 20 per cent higher revenue and a 33 per cent lower net loss for its most recent quarter compared with the last quarter of 2018. (Ryan Remiorz)

Article by Tara Deschamps, CBC News Aurora Cannabis Inc.’s second quarter earnings were weighed down by a drop in cannabis production and the costs associated with ramping up efforts to roll out cannabis edibles and vapes. The Edmonton-based company revealed Thursday that it incurred a loss in its second quarter and that its net revenue for the three months ended ...

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Supreme Cannabis Layoffs: A Deeper Look

SUPREME CANNABIS LAYOFFS: A DEEPER LOOK BRADEN MACCKEFEBRUARY 12, 2020 BLOGBUSINESSBUSINESSCANNABIS CANADACANNABIS LEGALIZATIONCANNABIS NEWSFEATUREDMARIJUANA LEGALIZATIONMARIJUANA NEWS

Article by Braden Maccke, Cannabis Life Network The Supreme Cannabis Company (TSX:FIRE) became the latest Canadian cannabis producer to announce layoffs Tuesday – an epidemic of cost cutting measures spreading across an industrial environment full of well-backed cultivators who have all struggled to turn a profit. By Supreme Cannabis’ own count, they laid off 33% of their corporate staff and 13% of their operational staff, amounting to ...

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Cans Suck the THC Buzz Out of Cannabis Drinks. Where Does That Leave Canopy Growth?

Cans suck the THC buzz out of pot drinks. Where does that leave Canopy Growth? Jeff LagerquistYahoo Finance Canada Cans move through the production line at Canopy Growth's beverage facility on Oct. 29, 2019. (Yahoo Finance Canada)

Article by Jeff Lagerquist, Yahoo Finance Cannabis beverages and aluminum cans have a problematic relationship that could prove costly for licenced producers with drink production lines built for the ubiquitous metal containers. The devil is in the molecular details. Scientists have determined that liners inside aluminum cans can cause cannabis drinks to lose their potency. That means by the time ...

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4 Ways “Cannabis 2.0” Will Be an Early Disappointment in Canada

4 Ways "Cannabis 2.0" Will Be an Early Disappointment in Canada The launch of high-margin edibles, vapes, and infused beverages isn't going according to plan. Sean Williams Sean Williams

Article by Sean Williams, Motley Fool The stage appeared to be set in 2019 for marijuana stocks to thrive, but this didn’t prove to be the case. When the year ended, most cannabis stocks had logged big-time losses for the year, with Canadian pot stocks leading the way to the downside. A combination of supply concerns and a resilient black-market ...

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Weed and AI Can Help Us Find New Ways to Get Stoned

Tech by VICE Weed and AI Can Help Us Find New Ways to Get Stoned There's a lot more going on in cannabis than THC and CBD, and AI is helping us identify new compounds that could be used therapeutically or to catch a different buzz. By Troy Farah

Article by Troy Farah, Vice News The plant Cannabis sativa is a potential goldmine for medicinal compounds. Several major pharmaceutical companies already make drugs that are based on or extracted from marijuana, but there’s still a lot about weed that we just don’t know thanks to decades of prohibition making research expensive and difficult. Now, machine learning is being brought in to help, which may ...

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Inside Toronto’s Cannabis-Friendly Sex Club

CanadaLifestyle Inside Toronto’s cannabis-friendly sex club Elianna Lev

Article by Elianna Lev, Leafly News Toronto’s Oasis Aqualounge is renowned among sex-positive folk for being a safe and inclusive space for couples and singles who are interested in exploring their fantasies. The water-themed sex club has a reputation for being progressive and consent-driven. That’s why it’s no surprise that the club is also cannabis friendly. After all, weed is known to ...

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Guelph May Soon See Cannabis Sold on Stone Road

Guelph may soon see cannabis sold on Stone Road Signage for Alberta-based cannabis retailer Fire & Flower now up at former provincially-leased site NEWS 03:35 PM by Graeme McNaughton Guelph Mercury New signage at 314 Stone Rd. W. indicates that FIre & Flower, an Alberta-based cannabis retailer, is looking to open a store in Guelph. The store had originally been slated to be a provincially-run cannabis retailer prior to the change to private stores in August 2018. - Graeme McNaughton/Torstar

Article by Graeme McNaughton, Guelph Mercury The vacant site that was once set to be a provincially-run cannabis retailer may end up selling weed after all. Signage for Fire & Flower, an Alberta-based cannabis retailer, has been put up on the windows of 314 Stone Rd. W., indicating the company will be opening a store there soon. Fire & Flower ...

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Toronto’s Newest Disgraced Recreational Cannabis Dispensary Tokyo Smoke Just Opened on Bloor Street Today

GROW Toronto's newest Tokyo Smoke just opened on Bloor Street today (PHOTOS) Peter Smith

Article by Peter Smith, Daily Hive Tokyo Smoke, the Toronto-born cafe and fashion-focused head shop turned national cannabis dispensary, opened the doors to its newest location in the city on Wednesday. The 570 Bloor Street West location is one of five stores Tokyo Smoke announced in November it would be opening across Ontario, after reaching agreements with some of the province’s cannabis retail ...

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