Canada Marijuana News

Marijuana firm Cresco Labs charts plan to go public in Canada

Multistate cannabis operator Cresco Labs is looking to go public in Canada via a reverse takeover (RTO), the latest U.S. firm to use this path to a listing on the Canadian Securities Exchange (CSE). The firm announced Wednesday that it’s pursuing an RTO of  Randsburg International Gold (RGZ.H), an Ontario-based firm that has no significant operations […]

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Facebook to allow cannabis searches ahead of Canada’s adult-use legalization

Social media giant Facebook will stop blocking marijuana-related searches, including those for legitimate businesses with the word “cannabis” or “marijuana” in the name, MarketWatch reported. The move, which ends a monthslong block on cannabis and related search results, is expected to help marijuana businesses engage with consumers via social media. Facebook’s unexpected decision comes ahead of […]

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Canadian regulator wants cannabis companies to disclose US border risk

Canada’s securities watchdog is warning the country’s publicly traded marijuana companies to improve their disclosure practices – including any risks tied to their executives and employees crossing into the United States – or face additional regulatory action. The warning came in a detailed notice published Oct. 10 by the Canadian Securities Administrators (CSA), an umbrella […]

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Walmart explores selling CBD in Canada

The world’s largest retailer, Walmart, is considering selling CBD products in Canada, a development that comes just days before the country’s recreational marijuana markets open. But Walmart says it isn’t ready to start selling cannabidiol just yet. “As we would for any new industry, Walmart Canada has done some preliminary fact-finding on this issue,” company […]

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Canadian marijuana cultivator Flower One buys Nevada MJ firm for $27 million

Canadian marijuana cultivator Flower One Holdings agreed to purchase a Nevada cannabis cultivation business for $27 million, expanding the Toronto-based company’s footprint in the Silver State’s rapidly growing MJ industry. With the purchase of 100% of Las Vegas-based NLV Organics, Flower One (Canadian Securities Exchange: FONE) gains a 25,000-square-foot cultivation and production facility in North Las Vegas, […]

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British Columbia becomes latest province to allow hotel cannabis consumption

British Columbia is set to join other Canadian provinces in giving hotel owners the option to allow recreational marijuana consumption in guest rooms, opening the door to potentially lucrative new cannabis tourism opportunities. According to the province’s new and amended regulations for cannabis legalization, released Friday, hotels may choose to allow cannabis consumption in rooms […]

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Canadian cannabis companies bullish on US market, boosting cross-border acquisitions and deals

As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]

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Trend halted: Medical marijuana patient growth accelerates in Canada

Canada added more than 34,000 registered medical cannabis patients in the second quarter of this year, an increase of just over 11% from the previous quarter, according to new data from Health Canada. The increase ended five consecutive quarters of slowing growth in the number of registered patients. The last time Canada saw accelerating quarterly […]

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Chart: Canadian cannabis companies’ market caps rise into the 11 figures

Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]

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