A new report on Canada’s legal marijuana industry by the country’s fourth-largest bank signals growing interest in the sector among institutional investors, which until recently have been extremely cautious in their approach to cannabis businesses. Analysts on CIBC’s Institutional Equity Research team estimate that legal retail sales of recreational marijuana will reach 6.5 billion Canadian […]Read More
One of Canada’s biggest supermarket operators plans to enter the business of selling recreational marijuana products pending legalization late this summer.
Loblaw, a leader in the country’s supermarket industry, said some of its locations in Newfoundland are among 23 selected as “qualified applicants” to become licensed cannabis retailers.Read More
British Columbia-based cultivator Emerald Health Therapeutics signed a deal worth 90 million Canadian dollars ($70 million) to buy rival cannabis producer Agro-Biotech. The agreement expands Emerald’s (TSXV: EMH) footprint into Quebec, Canada’s second largest province. Based in Saint-Eustache, Agro-Biotech is one of six licensed marijuana producers in Quebec. The startup is on pace to have a […]Read More
Two of Canada’s leading marijuana producers, MedReleaf and Aurora Cannabis, confirmed they have held merger talks, but no agreement has been reached. In separate statements issued Thursday, MedReleaf and Aurora acknowledged that discussions were underway. Trading in both companies’ shares was halted temporarily on the Toronto Stock Exchange. MedReleaf is traded on the TSX as LEAF and Aurora as ACB. […]Read More
Canadian Cannabis grower The Green Organic Dutchman launched its stock debut Wednesday – delivering a strong inaugural trading performance by finishing up more than 8% from its opening price. Trading under the ticker TGOD on the TSX Venture Exchange, the stock opened at $3.60 a share in Canadian dollars – five cents below the initial […]Read More
Two Senate committees reviewing Canada’s proposed marijuana legislation are asking for significant changes to the bill before it becomes law – changes that could delay implementation and have a major impact on businesses prepping for the recreational market.
The Committee on Aboriginal Peoples wants the bill amended to address a “lack of meaningful consultation” with First Nations communities and asked for a delay of up to one year.Read More
Multistate marijuana company MedMen is switching up its business partner in its effort to take the firm public in Canada. The California-based firm signed a letter of intent with Vancouver, British Columbia-based Ladera Ventures that will allow a reverse takeover of the firm. The deal charts a path for MedMen to go public in Canada […]Read More
Over 1 billion Canadian dollars ($780 million) of cannabis products were shipped from Canada last year through unregulated channels, according to a preliminary estimate from the government’s statistics agency. The figure includes shipments approved by the regulatory body overseeing medical cannabis in Canada, “but they represent less than 1% of the total,” Conrad Barber-Dueck, chief of […]Read More
Green Organic Dutchman, a Canada-based medical marijuana grower, has revised upward the proceeds the company expects to generate from its upcoming initial public offering on the Toronto Stock Exchange, reflecting stronger investor demand. The Toronto company said it now expects to raise between a minimum of $102 million Canadian dollars ($79 million) through the sale of 28,000 […]Read More
British Columbia’s minority government will be under the gun to pass key cannabis legislation once it’s introduced in the province’s Legislative Assembly on Thursday. That’s because the legislature will have only 12 more days during the spring session before breaking for the summer – with about 20 other bills also under consideration. Thursday’s bill is […]Read More
Two Canadian medical marijuana groups, which include most of the country’s top cultivators, have teamed up to address critical issues affecting businesses and patients across the country with a united voice. Cannabis Canada Association, which counts close to 60 of Canada’s 102 licensed producers as members, including industry-leader Canopy Growth, partnered with the Canadian Medical […]Read More
The regulatory body that oversees medical cannabis in Canada says it’s open to the idea of distributing cannabis directly to patients through pharmacies, a move that could give the country’s MMJ market a boost by improving access.
But such a change would require buy-in from other key players beyond Health Canada.
The only legal channel patients have to purchase medical marijuana in Canada is directly from licensed producers/sellers via registered mail.Read More
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