Namaste seeks new auditor as it makes foray into edibles
After a perplexing sequence of events involving its co-founder and former CEO Sean Dollinger, Namaste Technologies says it’s now hunting for a new auditor after PwC quit. In a short statement Tuesday night, the cannabis e-commerce firm warned it’s unlikely to meet the March 31 deadline to file annual financial statements. It also said it’s getting legal counsel on tax compliance. Separately, Namaste announced Wednesday that it has entered into a share purchase agreement to acquire 49 per cent of Calgary-based chocolate maker Choklat for $1.5 million in cash, marking an entry into the edibles market.
Tilray harvests medical pot in Portugal as it eyes EU expansion
Nanaimo, B.C.-based pot producer Tilray said its Portugal facility has completed a harvest of medical cannabis, as the firm continues its efforts to supply the burgeoning European medical marijuana market. Tilray said it has invested approximately 20 million euros in the 250,000-square-foot- facility, which still has room to expand as the company expects to double its 100 staff there by the end of the year. The pot firm expects to officially open the Portugal facility with a ribbon-cutting ceremony later this spring.
Fire & Flower announces digital marketing partnership with Lift & Co.
Edmonton-based cannabis retailer Fire & Flower and Toronto marijuana media company Lift & Co. announced an agreement to partner on digital marketing services. The firms said that Lift will feature Fire & Flower as a premium retailer on its platform in Alberta, Saskatchewan and Ontario, while Lift members will be eligible for exclusive promotions and an opportunity to earn points for contributing reviews of the retailer. The partnership takes effect April 1.
- The share of federal excise taxes on legal pot sales that B.C.’s Ministry of Finance expects over the next three years – substantially lower than its initial estimate of $200 million in its 2018-2019 budget.
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