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Canadian firms stockpile marijuana oil ahead of infused market launch

Canadian companies hoping to capitalize on the launch of new cannabis product categories later this year are building up inventories of cannabis oil – the key ingredient for those products – according to the latest data from Health Canada. Finished inventory of cannabis oil reached almost 60,000 liters through February, more than double the 28,000 […]

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Police deny probe involving Canadian cannabis firm Ascent; company says otherwise

Vancouver-based Ascent Industries said it is cooperating with an investigation by the British Columbia anti-gang police unit into “certain activities at Ascent,” but the agency denies such a probe exists “at this time.” A spokesperson for the Combined Forces Special Enforcement Unit of British Columbia (CFSEU) said Ascent has been “speaking” with the agency, but […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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Canopy’s Linton predicts ‘massive shakeout’ in CBD sector

(This article has been updated to correctly state the purchase price of Ebbu – Ed.) As CBD’s popularity continues to surge, companies that invest in data, research and branding as key differentiators will be better positioned for long-term success, Canopy Growth CEO Bruce Linton said at a cannabis conference in Toronto. “Water’s free, and you can make […]

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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday. If true, it would be the first cross-border deal involving a Canadian marijuana licensed […]

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