MattL Archive

New Brunswick issues call for 15 cannabis retail spaces

Matt Lamers  | October 19, 2017

A New Brunswick government-owned corporation has issued a call for proposals for 15 retail spaces across the province to sell adult-use cannabis.

A spokesperson for the Finance Ministry declined to confirm to Marijuana Business Daily whether the tender is open to the private sector.

NB Liquor, the government corporation that oversees the province’s liquor industry, …

Cannabis Wheaton hopes to sell marijuana in Canadian convenience stores

Matt Lamers  | October 19, 2017

A Canadian marijuana company has inked a strategic alliance with a national chain of convenience stores with the aim of selling adult-use cannabis at the operator’s 350 locations across Canada.

Cannabis Wheaton, based in Vancouver, called the alliance the “first of its kind.” The name of the convenience store operator was not disclosed.

Hugo …

Canada stock regulators clarify policy for MJ firms with U.S. assets

Matt Lamers  | October 18, 2017

An umbrella organization for Canada’s securities regulators issued new guidelines requiring Canadian companies with marijuana-related activities in the United States to spell out the potential risks for investors.

Among other things, company disclosures should note that marijuana remains illegal under U.S. federal law, the Canadian Securities Administrators (CSA) said in a …

Canadian MJ firms that do business in U.S. could lose TSX stock listing

Matt Lamers  | October 17, 2017

The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted.

The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a notice to listed companies that provided clarity regarding the application of its rules for companies …

Researchers urge BC to stick with ‘proven’ marijuana dispensaries

Matt Lamers  | October 17, 2017

Let the private sector play a role in selling marijuana in British Columbia.

That’s the advice of two researchers at a leading Canadian university. They are cautioning politicians in B.C. against upending the province’s longstanding dispensary system, saying there are aspects of the existing storefront model that the government could adapt to its legal …

Will Alberta be the first province to endorse private marijuana retail?

Matt Lamers  | October 16, 2017

Alberta could become the first province in Canada to allow some private sector participation in the sale of recreational cannabis when it unveils its retail framework next week, a move that would make it a haven for marijuana entrepreneurs.

According to the Calgary Herald, Alberta’s ruling NDP government is weighing public safety, retail efficiency …

Organigram aims to be recertified as organic MMJ producer

Matt Lamers  | October 12, 2017

Less than a year after Organigram had its organic certification suspended following a product recall, the Moncton, N.B.-based company started the process to be recertified as an organic producer of medical cannabis.

Organigram said in a news release it submitted an “action” plan to Ecocert Canada, an organic certification body recognized by the …

Canopy expands to BC with plans for large marijuana greenhouse

Matt Lamers  | October 12, 2017

Canopy Growth has formed a joint venture to develop a 1.3-million-square-foot marijuana greenhouse in British Columbia.

The agreement, announced in a news release, nearly doubles the Ontario company’s total greenhouse and indoor production footprint to 3.2 million square feet across six provinces.

Canopy – Canada’s largest licensed medical marijuana producer, with a market capitalization …

Aurora Cannabis strikes stock deal to raise CA$60 million

Matt Lamers  | October 11, 2017

Aurora Cannabis reached a stock-purchase deal to raise another 60 million Canadian dollars ($50 million) to fund its domestic and international expansion initiatives, bringing its new financing so far this year to CA$264.1 million.

Aurora – based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB – said in a news …