Matt Lamers

St. Catharines, Toronto

Managing Editor at Green Street News

Managing editor, Green Street News Canada - Opinions mine

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Articles

Glow Walk brightens up the night

Nov 24, 2024 | caymancompass.com | Matt Lamers

A good crowd turned out for the Diabetes Glow Walk, which was hosted by the Lions Club of Grand Cayman and the Lions Club of Tropical Gardens on Saturday, 23 Nov. Money raised will be donated to the Cayman Islands Diabetes Association. Participants set off from the Government Administration Building on Elgin Avenue at 6:30pm, and looped around Hero’s Square, before returning to the Government Administration Building.
Canada’s medical cannabis exports jump to CA$220 million

May 6, 2024 | mjbizdaily.com | Matt Lamers

Canadian exports of medical cannabis hit an all-time high last year as the county’s licensed producers continue to diversify from the competitive local market in favor of pursuing top-line opportunities overseas. In the 2023-24 fiscal year, Canada exported roughly 218 million Canadian dollars ($189 million) worth of medical marijuana products for commercial and scientific use, MJBizDaily has learned. That’s an increase of more than 36% from the previous year’s exports of CA$160 million.
Institutional investor puts $50M into cannabis firm Canopy Growth

May 3, 2024 | mjbizdaily.com | Matt Lamers

Cannabis producer Canopy Growth raised gross proceeds of roughly $50 million (68 million Canadian dollars) through an exchange and subscription agreement with an institutional investor. Canopy said in a Friday news release that it intends to use the net proceeds for working capital and general corporate purposes.
Cannabis retailer High Tide appoints new CFO

May 2, 2024 | mjbizdaily.com | Matt Lamers

Canadian adult-use cannabis retailer High Tide has appointed Mayank Mahajan as the company’s new chief financial officer. Mahajan takes over for former CFO Rahim Kanji, who departed the Alberta company in February. Mahajan previously worked at companies including Everyday People Financial Corp, Metamaterial and Jubilant Bhartiya Group, according to a Wednesday news release.
Auditor KPMG dumping cannabis clients over 'elevated risk'

Apr 29, 2024 | mjbizdaily.com | Matt Lamers

KPMG in Canada has decided to cease providing financial-statement audit services to businesses in the cannabis industry, marking an incredible turnaround for a company that had raked in millions from the burgeoning sector. The accounting firm confirmed the move in a statement to MJBizDaily, citing “elevated risk” in Canada’s adult-use cannabis industry.
German cannabis imports rise to 34.6 tons

Apr 26, 2024 | mjbizdaily.com | Matt Lamers

Germany imported a record amount of cannabis for medical and scientific use in 2023, as international businesses looked for sales opportunities in Europe’s largest federally regulated medical marijuana market. In 2023, Germany imported 31,398 kilograms (34.6 tons) of cannabis products, according to the newest data from the country’s Federal Institute for Drugs and Medical Devices (BfArM). That’s a 26.2% increase over the 24,876 kilograms imported the previous year.
Canada's cannabis sales rise 1.7% in February year-over-year

Apr 24, 2024 | mjbizdaily.com | Matt Lamers

Canadian cannabis sales in regulated channels inched higher in February 2024 compared to the same month last year, boosted slightly by the extra day for leap year, according to the latest data from Statistics Canada. Consumers purchased 376.2 million Canadian dollars ($273.9 million) of recreational marijuana that month, the highest February figure on record since Canada legalized cannabis in 2018. Previous sales in February were:CA$261.9 million in 2021. CA$324.1 million in 2022.
Cannabis MSO Curaleaf completes $16M acquisition of Northern Green Canada

Apr 22, 2024 | mjbizdaily.com | Matt Lamers

Cannabis multistate operator Curaleaf Holdings completed its acquisition of Northern Green Canada, a licensed producer in Ontario whose focus has been on international markets. The terms of the acquisition include an initial payment at closing of Curaleaf’s subordinate voting shares valued at roughly $16 million (22 million Canadian dollars), according to a Monday news release.
Canada's canceled licenses, ‘uncollectible' cannabis taxes soar

Apr 8, 2024 | mjbizdaily.com | Matt Lamers

The number of canceled cannabis business licenses have soared alongside the amount of “uncollectable” excise tax in Canada. At least 123 federal cannabis business licenses either were canceled or pending cancellation in 2023, according to new data provided to MJBizDaily by the Canada Revenue Agency (CRA). That figure is almost triple the number of licenses canceled in 2022. Companies with canceled licenses are unable to cultivate, produce, package or possess non-duty-paid cannabis.
Canadian producer Heritage Cannabis granted creditor protection

Apr 3, 2024 | mjbizdaily.com | Matt Lamers

Heritage Cannabis is the latest Canadian marijuana producer to obtain an order for creditor protection as a wave of insolvencies continues to sweep across the nation’s adult-use market. Heritage sought and obtained the order for creditor protection from the Ontario Superior Court of Justice, the company announced in a Wednesday news release.