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Ground-breaking technology by Micellae, a University of Toronto spinout, set to revolutionize cannabinoid delivery

TORONTO, Aug 4, 2021— Micellae Delivery Systems Inc. (“Micellae”) today announced the launch of its breakthrough drug delivery technology, O2W, the fastest oral bioavailability-enhancing formulation. While cannabinoids can have immense therapeutic benefits, there are several barriers to their use and formulation. O2W is the next generation drug delivery system that was shown to significantly enhance […]

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US-based Cookies plans flagship cannabis store in Toronto this year

Gage Growth Corp. announced details of its previously disclosed plan to bring the U.S. cannabis brand Cookies to the Canadian market, including the location of its first store. Detroit-based Gage will work with Canadian producer Noya Cannabis to launch Cookies products exclusively in Ontario, Canada, before expanding into other provinces, according to a news release. […]

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Toronto-based Flowr exits Australia, Uruguay, Spain cannabis markets

Toronto-headquartered cannabis company Flowr Corp. is slashing its workforce and pulling out of noncore markets – including Australia, Uruguay and Spain – as part of a strategic review intended to put the business on firmer financial footing. Flowr is the latest Canadian cannabis company to retreat from some costly and unlucrative international markets, following similar […]

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Toronto Stock Exchange to delist CannTrust shares May 6

Embattled Canadian cannabis producer CannTrust shares will be delisted from the Toronto Stock Exchange on May 6 after market close, according to a TMX Group notice. TMX Group cited CannTrust’s “failure to meet continued listing requirements” as the reason for the action. CannTrust also disclosed the decision in an April 9 news release. In March, the […]

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Toronto Stock Exchange warns CannTrust about possible delisting

The Toronto Stock Exchange (TSX) said it would delist CannTrust’s shares if the Ontario cannabis producer is unable to file relevant financial statements by March 25, 2020. A review will be conducted on the company’s eligibility for continued listing on the stock exchange, CannTrust disclosed this week. The review is a result of CannTrust being late […]

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Toronto firm to launch ‘Uber Eats-style’ cannabis platform

A company operating Canada’s first mobile app marketplace for alcohol is extending its reach to the nation’s regulated adult-use cannabis industry. Toronto-based Boozer on Thursday unveiled its wholly owned subsidiary, Super Anytime, which aims to provide a marketplace for consumers to purchase marijuana products from various licensed retailers – making it “first to market with […]

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With CA$750M in marijuana business, Toronto credit union is Canada’s MJ banking leader

A small, “old school” credit union in Toronto has emerged as Canada’s leading banking institution for cannabis businesses. Alterna Savings & Credit Union serves about two-thirds of Canada’s roughly 100 federally licensed growers, owner CEO Rob Paterson told The Globe and Mail. He also estimated that Alterna has about 750 million Canadian dollars ($585 million) in legal […]

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CannTrust gets initial OK to list on Toronto Stock Exchange

CannTrust Holdings is set to become the first marijuana company to graduate to Canada’s senior stock market since listing requirements were clarified for companies with U.S. assets. The Toronto Stock Exchange (TSX) has given the Vaughan, Ontario-based company initial approval for the move. As part of its ascent, CannTrust will “assign its interest” in the U.S. intellectual […]

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Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’

A Toronto craft brewer has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be the start of cross-industry collaboration on product development and branding in the nation. It’s the first time a Canadian licensed cannabis producer has worked with a local craft […]

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Toronto firm buys operator of US medical marijuana ‘evaluation centers’

A Toronto company billing itself as the “WebMD of medical cannabis” has acquired Massachusetts-based Canna Care Docs, which certifies MMJ patients in 21 “evaluation centers” across nine states. Sail Cannabis funded the Canna Care acquisition with proceeds from a brokered private placement led by Canaccord Genuity worth about 4 million Canadian dollars ($3.2 million), Sail […]

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