cannabis industry
cannabis industry · page 38
- Cultivation
Hexo announces it will be laying off 450 people after revenue fall
LOSSES AND LAYOFFS Hexo to cut 450 jobs, failed to meet Q3 projections Despite having the largest segment of market share in Canada, Quebec-based Hexo Corp. announced it will be laying off 450 people after revenue fell 14% in Q3 from the previous quarter, per BNN Bloomberg.
- Medical
Cannabinoids for glioblastoma: MGC Pharma announces pre-clinical trial results
MGC Pharmaceuticals has collaborated with the National Institute of Biology in Slovenia to carry out a three year pre-clinical in vitro research into the use of cannabinoids in the treatment of glioblastoma.
- CBD Market
Novel Foods applicant responds to EFSA’s decision to pause evaluations
“This is standard in the pharmaceutical world but not in the food world,” said Linnea CEO.
- Cultivation
MoU to establish medical cannabis production facility
The site will be based in Madrid, Spain.
- Markets & Stocks
Brittney Griner’s detention in Russia has been extended until at least July 2
STILL NOT FREE Brittney Griner will remain detained in Russia until at least July 2 WNBA player Brittney Griner’s detention in Russia has been extended until at least July 2, according to Russian state news, per CNN.
- CBD Market
Tenacious Labs to move headquarters to Jersey
“We are a far more attractive investment proposition headquartered in Jersey than in London as it currently stands,” said Tenacious Labs CEO
- Companies
Kanabo Group extends GP Service contract with major UK retailer
Kanabo Group acquired the online GP service provider earlier this year in a deal worth £14m.
- CBD Market
The story behind Beau Wrigley’s ‘messy’ foray into the cannabis industry
STICKY SITUATION Wrigley’s cannabis company sued by investors Ten years after selling the Wrigley gum empire to Mars in 2008 for $23 billion, Beau Wrigley invested $65 million in Surterra Wellness, a medical cannabis company with dispensaries in Florida.
- Data & Analysis
Collaboration to conduct research to support the cannabis industry
Open Book Extracts and Biopharmaceutical Research Company will research the full range of cannabinoids.
- Medical
Materia completes first export to Germany from Malta
Materia Malta is the first company to export medical cannabis from Malta for sale in another country.
- CBD Market
Bipartisan legalization discussions are ‘tentative,’ but hopeful
TENTATIVE TALKS Lawmakers to debate a “marijuana omnibus bill.”
- Adult-Use
Germany to begins consultations for cannabis legalisation
Hearings are planned throughout 2022 to discuss the country’s new approach to cannabis legislation.
