The global cannabis industry barely had time to catch its breath over the Christmas break, following several seismic developments at the tail end of the year.
The rescheduling news alone triggered a dramatic market rally, with stocks like Tilray Brands surging 125% and Curaleaf Holdings jumping 212%.
Cannabis-focused REITs have also drawn renewed attention, with analysts highlighting companies like Innovative Industrial Properties trading at 8x FFO with mid-teens dividend yields, and NewLake Capital Partners positioned for potential NASDAQ uplisting once the SAFER Banking Act passes.
That frantic pace has carried straight into 2026, with the opening weeks delivering a flurry of major transactions and legal disputes as companies scramble to adapt to a ‘maturing market’.
Remexian Secures Dual Court Victories in German Market Disputes
High Tide’s recently acquired German subsidiary, Remexian Pharma, has secured dual court victories against competitors in the thriving German medical cannabis market.
In September, we reported on an emerging legal dispute between Remexian and competitor Vayamed that erupted just hours after High Tide closed its €27.2m acquisition of a 51% stake in the German distributor.
Vayamed, through international law firm Hogan Lovells, accused Remexian of violating Germany’s Medicines Act by marketing multiple cannabis cultivars under single authorisation numbers, a practice Vayamed argued required separate approvals for each strain.
The timing of the challenge raised questions among industry insiders, with High Tide CEO Raj Grover dismissing it as a coordinated attack designed to undermine the transaction.
He alleged that Remexian’s valuation was notably lower multiples (roughly 1x sales and 3.6x EBITDA) than many German cannabis assets had previously commanded, thus causing concern among these firms that their valuations would suffer based on this established precedent.
StratCann reported that on January 14, 2026, the Berlin Court of Appeal partially granted an injunction against Vayamed, part of German medical cannabis firm Sanity Group.
Business of Cannabis has subsequently obtained the full 31-page ruling from the Berlin Court of Appeal (Kammergericht Berlin), which states that Vayamed is prohibited from distributing five specific statements from its August 26, 2025 cease-and-desist letter to third parties, including competitors and journalists.
The prohibited statements relate to Vayamed’s allegations that Remexian violated Germany’s Medicines Act (AMG) by marketing multiple cannabis cultivars under single authorisation numbers.
In a significant finding, the court classified Vayamed’s statements as ‘Meinungsäußerungen’ (expressions of opinion) rather than factual claims subject to Germany’s strict defamation standards. The court found these statements represented ‘legal assessments’ and ‘value judgments’ about regulatory requirements rather than provable facts.
However, the court ruled that distributing these opinions to third parties before even serving the cease-and-desist letter to Remexian itself constituted unlawful disparagement under Section 4 Number 1 of Germany’s Unfair Competition Act (UWG).
However, the ruling explicitly avoids determining whether Remexian’s actual business practices comply with German pharmaceutical law. The court noted that Vayamed’s cease-and-desist letter did not make clear ‘from which concrete circumstances’ the alleged lack of proper authorisation was derived.
The court also rejected Remexian’s claims against two statements made by Sanity Group CEO Finn Hänsel in a StratCann article, finding these either too vague to constitute disparagement or adequately balanced by Remexian’s own quoted response in the same article.
Omar Khan, Chief Communications and Public Affairs Officer at High Tide, told Business of Cannabis: “The Berlin Court of Appeal took a cautious approach in its ruling and avoided making a final call on whether the disputed statements were facts or opinions. Instead, it found that the statements appeared to be opinions and were defamatory and therefore not permitted.
“Importantly, the Court said the allegations were made on an unclear factual basis — meaning they were not backed by evidence. The warning letter failed to clearly explain what licenses Remexian holds or why Vayamed believed those licenses did not allow the marketing of different strains.
“In a related case involving Demecan, the Berlin District Court went further and found that the underlying allegations were factually false, not just vague or unproven. We believe that the ruling should also be taken into account.
“While cease-and-desist orders do not always list corrective steps in detail, they require false statements to be withdrawn and corrected. This includes removing published claims and taking steps to ensure third parties do not continue to repeat them.”
Vayamed was ordered to bear 80% of the appeal proceeding costs, with Remexian bearing 20%.
An earlier ruling from Berlin Regional Court in October 2025 found that Remexian had credibly demonstrated its products were authorised, noting that authorisations referred to cannabis flowers with specific THC and CBD content rather than specific cultivars. However, that ruling also does not constitute a final determination of the regulatory question.
In a separate legal case, Remexian also went on the offensive against Germany’s booming telemedicine platforms
While defending itself from competitor attacks, Remexian has also gone on the offensive against telemedicine platforms it accuses of unlawful advertising and sales practices.
In early December, the Hamburg Regional Court granted Remexian a preliminary injunction against Dr Ansay Ltd.
The 146-page ruling identified nine specific violations of Germany’s Medicines Advertising Act, including presenting cannabis products in an online shop format, advertising THC edibles in newsletters, and openly selling sick notes.
“Our motivation stems from the current political climate,” Stefan Adomeit, Remexian’s co-managing director, told German media. “As a wholesaler of medical cannabis, it is important to us that telemedicine is offered within the existing rules.”
The injunction prohibits the platform from advertising prescription-only medicines to the general public, maintaining marketplace-style product pages that highlight psychoactive effects, and brokering prescriptions through online questionnaires rather than telephone or video consultations.
However, enforcement is proving difficult. Because Dr Ansay is registered in Malta, the Hamburg court must serve the injunction there, a process that has delayed action.


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Australian Cannabis Leaders Little Green Pharma and Cannatrek Merge to Create A$112 Million Revenue Group
Two of Australia’s largest medicinal cannabis companies have agreed to merge, creating what they claim will be one of the largest pure-play cannabis businesses globally with significant European growth potential.
Little Green Pharma (ASX: LGP) announced on January 14 that it will acquire 100% of Cannatrek in an all-stock transaction, though Cannatrek shareholders will end up controlling the majority of the combined company
Under the agreed exchange ratios, Cannatrek shareholders will hold approximately 60.5% of the combined group at completion, with existing LGP shareholders retaining 39.5%. The contingent value shares could increase Cannatrek’s ownership by up to an additional 8% based on future performance milestones.
Based on 2025 financial year results, the pro forma combined group would have generated A$112 million in revenue, A$13 million in adjusted EBITDA, and held A$15 million in cash.
The merger combines LGP’s European manufacturing footprint, including Denmark’s largest medicinal cannabis production facility, with Cannatrek’s Australian market dominance and what both companies describe as ‘Australia’s highest-selling medicinal cannabis flower by a significant margin.’
LGP Managing Director Paul Long said the deal was a response to industry consolidation pressures: “As the current Australian and global cannabis markets drive towards consolidation and greater maturity, this transaction will ensure the Combined Group emerges as one of the largest and most vertically integrated medicinal cannabis businesses globally.”
The combined entity will operate GMP-certified manufacturing facilities in both Australia and Denmark, with significant latent capacity available to support growth. Cannatrek currently operates one of Australia’s largest medicinal cannabis manufacturing facilities and employs approximately 80 staff across its operations, including proprietary B2B pharmacy Greenship and telehealth clinic MyEden.
Both boards unanimously recommend the transaction, with the Cannatrek board representing 22% of shares and the LGP board representing 13.1% of shares committing to vote in favour, subject to independent expert approval and absence of superior proposals.
German Specialty Pharma Medios Secures Exclusive Bedrocan Distribution Rights
Berlin-based Medios AG, a publicly traded specialty pharmaceuticals provider, has entered the medical cannabis market by securing exclusive distribution rights for Bedrocan products across Germany, Spain, Belgium, Italy, and Austria.
The deal announced January 19 initially covers medicinal cannabis from Bedrocan’s EU-GMP certified production facility in Denmark, with expansion to other Bedrocan facilities planned from January 2027. Bedrocan is a leading international manufacturer of pharmaceutical-grade medicinal cannabis with over 20 years of specialisation in cannabis as an active pharmaceutical ingredient.
Medios will focus specifically on the reimbursable segment of medical cannabis rather than the self-pay market, positioning the deal as strategic protection against potential regulatory changes affecting recreational use. The partnership will initially concentrate on the German market before gradual expansion across other European territories over the next two years.
Germany-based Cannaflos will support Medios as a distribution partner.




