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Project Solace is an effort to secure a safe supply of psilocybin for medical purposes and move Canada closer to legalization
The company is set to buy Cornwell, Ontario's Cotton Mill Pharmacy for a total purchase price of $900,000
Sundial's EBITDA plummeted to a $0.7 million loss during Q1 2022 after $18.4 million during the previous quarter
Q1 revenue was comprised of approximately 61 per cent in cannabis 2.0 product sales
Supply chain issues, project delays and seasonal weakness contributed to decreased revenue during the first quarter
Wallin received the Ernst & Young Entrepreneur of the Year award
The company also started selling its cannabis-infused edibles under the Valhalla brand
Last year, the CBSA did 22,779 seizures totalling 16,498 kilograms.
Hapbee technology users saw improvements in quality of sleep, length of sleep, reduced restlessness, and reduced time to fall asleep
Current shareholders of the firm will receive shares of each company
The company also reported a 14 per cent decrease in revenue
The firm had an adjusted EBITDA of US$105.5 million, up 4.5 per cent from US$100.9 million during the fourth quarter of 2021
The companies will collaborate on co-branding and share intellectual property
Its Valley, Anandia and Whisler Alpha Lake are expected to be closed by the fourth quarter