N.B. First Nations, 10 Companies Call For Halt To Cannabis NB Sale
They fear the government-owned retailer will end up in the hands of an outside company and stifle the growth of the local industry.
They fear the government-owned retailer will end up in the hands of an outside company and stifle the growth of the local industry.
The stock for the Moncton-based producer closed on Thursday at $4.51 per share with a market cap of more than $1-billion.
In the quarterly earnings call, Organigram said it’s hiring up to 130 cultivation, packaging and other staff as it seeks to ramp up production of popular products.
The Moncton cannabis producer is looking to raise new money through a secondary financing deal with a group of underwriters led by Canaccord Genuity.
The group of consumers suing the Moncton-based cannabis producer over pesticides found in its products will not be allowed to include personal injury claims as part of its case.
The class-action lawsuit against Moncton-based cannabis producer Organigram has made its way to the Supreme Court of Canada.
The company says Canada’s cannabis industry is highly competitive and oversupplied amongst both licensed producers and the still-dominant black market.
The company announced Gracewood’s departure on Tuesday, noting that he left “to pursue other interests.”
The Moncton cannabis producer plans to move forward with a leaner, cross-functional workforce of approximately 433 active employees operating out of its indoor production facility.
The Moncton-based cannabis producer was forced to lay off more than 400 workers in April due to Covid-19, which is around 45 percent of its workforce.