Category Archives: europe

Cannabis applications in Malta await guidelines from government

While the cannabis industry is getting broad support from the government of Malta, the business application process still awaits guidelines from a key government agency. Several companies have obtained letters of intent (LOI) from Malta Enterprise – the first step in applying for permits – but no company has yet been fully licensed to cultivate […]

European Union authorizes first U.S. marijuana company to operate in Malta

An American cannabis company will now enter the European market. Columbia Care LLC, one of America’s top medical marijuana companies, has become the first US cannabis firm licensed to operate in the European Union, reports Grizzle. The company recently established a base in Malta, where they will be able to import, expert, cultivate, process and […]

Aurora ‘expects sufficient supply’ of marijuana to meet adult-use demand

Aurora Cannabis expects to have sufficient supply next year to meet demand in Canada’s shortage-ridden recreational marijuana market, according to a regulatory filing the Alberta company released Monday alongside its quarterly results. Aurora – one of Canada’s largest licensed producers of companies – reported revenue of 29 million Canadian dollars ($21 million) for the quarter […]

Aphria seeks EU GMP certification prior to closing deal for German distributor

Aphria, one of Canada’s largest medical cannabis companies, aims to obtain an essential European quality standard certification before closing its deal to buy a large distributor of pharmaceutical products in Germany. Aphria announced last week its intention to buy Densborn, Germany-based CC Pharma for 24.5 million euros ($28 million) in cash on closing and another […]

‘Global paradigm shift’: International cannabis business opportunities will accelerate

Hours after Constellation Brands announced its marijuana-industry-record investment of 5 billion Canadian  dollars ($3.8 billion) in Canada’s Canopy Growth, experts told cannabis entrepreneurs and investors at MJBizConINT’L in Toronto on Wednesday that global cannabis business opportunities will rapidly accelerate. The move by Constellation – which owns, distributes and markets 100 beer, wine and spirits brands, including Corona and Robert […]

How high is too high? Valuations continue to climb for Canadian cannabis businesses

As more cannabis companies go public and private businesses raise capital at an unprecedented clip, valuations have become a hot topic among industry observers, insiders and investors. That’s especially true in Canada, where a growing number of cannabis firms have fetched multibillion-dollar valuations in the public markets as they’ve hustled to become a top player […]

Cash-Strapped Greece Sees Growth in Medical Cannabis

ATHENS, Greece (AP) — Greece’s government says it’s fast-tracking plans to legalize growth of medical cannabis, arguing that growing interest from investors could help efforts to pull the country out of years of crisis. Legislation to legalize cannabis production was submitted to parliament Wednesday and is due to be voted on later this month. Greece […]