Marijuana and the Canadian Election

The Canadian marijuana market is suffering difficult times and has been hammered since March, 2014.

Tweed Marijuana Inc. did show a “profit” in its latest quarter, but that number was a fiction created by accounting standards and not real operations. (As an aside, this is yet another example of the International Standards Accounting Board imposing change without actually making a difference.) There is little opportunity for the MMPR’s to create value for their shareholders until two events play out.

The first event is the Allard decision from the Federal Court of Appeal. Click here and here for a review of why that decision is so important to the industry. The decision is due to be released anytime.

Our call is the Federal Court of Appeal will lean towards the Supreme Court of Canada’s philosophy in ...

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