Aphria Inc. says it has signed a deal with an unidentified institutional investor who has agreed to invest $100 million in the cannabis company.
Willow Biosciences entered the market after developing pharmaceutical-grade cannabinoids using yeast, thanks to a partnership with researchers from the University of Calgary.
Aurora Cannabis Inc. shares sank to a two-year low Friday after its revenues missed expectations and the pot producer announced it was halting construction at one production facility and pausing work at another to save more than $190 million in planned expenses.
Drake is teaming up with Canopy Growth Corp. for a new venture to sell recreational cannabis and accessories in Canada and abroad, a move that could quickly establish the hip-hop superstar as a major player in the legal pot industry.
Canopy Growth Corp. expects to have about 30 next-generation pot products on the market by the end of the year, including distilled cannabis to be used in mixed drinks.
Cannabis company Hexo Corp. is moving to undercut prices in the illicit market with a new 28-gram product that costs consumers as much as one dollar less per gram than at the average illegal dispensary.