Another rough week for some of the Canadian big guys (we’re looking at you Aurora, Tilray + HEXO) – including a canna-famous CEO who was shown the exit.
As the industry continues to try to find its sea legs, the Business of Cannabis team is making some moves. We announced we acquired the nation-wide event and education series Leaf Forward. So, if you find yourself in Waterloo, Montreal or Toronto this month, check us out.
Here’s hoping for a better week cannabis industry.
Read on…
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Some tough news…
If you’re wondering how American cannabis companies might be able to seek bankruptcy protection for a business that is not federally legal – you’re in good company. Maybe look to Canada?
The big news of the week was the Aurora cut 500 jobs and Terry Booth (of #MJBIzCon2018 fame) stepped down.
HEXO also lost a director this week. Rounding out a string of bad news for HEXO (see Medipharm Labs).
Not to be left out of the fray: Tilray cut staff. 10 percent, to be exact.
Some good news…
If pubcos have you feeling down, here’s some good news: consumers in Illinois really like cannabis. $40 million of cannabis purchased in the first month of legalization this past January.
And some advice…
For those that are looking to be successful in the cannabis sector, Stoic Advisors Aaron Salz has some advice for you – care of MJ Business Daily. (Or, watch him on his 2019 appearance on BofC Live…)
Catch up on all things Business of Cannabis:
ON A HIGH PODCAST | Hosts Donna Bishop + Michelle Bilodeau
BOFC LIVE PODCAST | Host Jay Rosenthal
PITCH FORWARD | Hosts Alex Blumenstein + Brett Chang
MINNESOTA CANNABIS CONVERSATIONS | Host Jason Tarasek, Minnesota Cannabis Law
MEET THE INDUSTRY | Host Jay Rosenthal
