Toronto-based Red Light Holland (CSE: TRIP) (OTCQB: TRUFF) has entered into a consulting agreement with synthetic psychedelics drug maker PharmAla Biotech Holdings Inc. (CSE: MDMA), the company announced Thursday. The deal involves PharmAla Biotech providing consulting services to Red Light Holland to help reach regulatory compliance and Good Manufacturing Practice …
Canopy Growth’s revenues fall 7% as cash drops by $525 million in one year
Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) announced its total net revenue fell 7% to $78.5 million for the fiscal third quarter ending December 31, 2023. All figures are in Canadian dollars. Revenue numbers Breaking down the revenue, Canopy Growth said that Canadian adult-use cannabis business-to-business revenue increased 9% year-over-year …
Aurora stands on business when it comes to medical cannabis
While many of its competitors are pivoting towards the recreational side of legal marijuana, Aurora Cannabis (NASDAQ: ACB) seems to be doubling down on its medical market play. For the most part, that checks out. The company has maintained its number one position in Canada’s medical market, is expanding sales …
Super Bowl celebrations spark spike in cannabis promotions
As the big game approaches, a trend is emerging that probably still somehow has something to do with Taylor Swift: an increase in cannabis consumption, especially edibles, as part of the celebration. According to data from Weedmaps, there’s historically been a notable rise in orders for cannabis-infused goods leading up …