In an order made by the Ontario Superior Court on Aug. 30, cannabis retailer Superette Inc. has been granted court protection from creditors under the Companies' Creditors Arrangement Act.
A recent New York court filing shows all parties voluntarily agreed to dismiss the case in June and cover their own legal costs stemming from the matter.
Ontario's cannabis wholesaler is temporarily capping the number of products retailers can order and expanding its delivery window as it works through a backlog caused by a cyberattack on its…
CEO Charlie Bowman has already deepened his predecessor's cuts and begun backing away from certain products, but he insists the moves are for a good reason.
Under the agreement with a limited number of noteholders, the Smiths Falls-based cannabis company will acquire the 4.25 per cent unsecured convertible senior notes due in 2023.
Gatineau-based marijuana producer says in financial filings that the reduction will result in annualized savings of $30.6 million and is meant to simplify its organizational structure.
The Smiths Falls-based cannabis company says it had a net loss of $578.6 million for the quarter ended March 31 compared with a net loss of $616.7 million a year earlier.
Jetty is known for making solventless vapes, unrefined resin, small-batch concentrates and infused pre-rolls, which Canopy says it could bring to the Canadian market through this deal.
Charlie Bowman has been appointed acting president and CEO, effective immediately, replacing Scott Cooper, Gatineau cannabis firm announced Friday.
Smiths Falls-based cannabis firm said cuts are a key piece of a plan that will also see the company retool its facilities, review procurement strategies and reduce other expenses.