Marijuana Business News

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stocks
business
Thu
14
Apr

Canadian cannabis copacking group joint venture

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Canadian Cannabis Copacking Group Ltd., a packaging technology services company, has recently formed a joint venture for the purposes of contract manufacturing and copacking services for dry flower and pre-roll production.

The joint venture is registered as Craft Cannabis Copacking Services Ltd. (C3) and is fully operational as of April 1st, 2022, for production runs in bottles both glass and plastic and flexible packaging (child-proof bags) plus pre-rolls in various configurations. The fully licensed facility is located in Nisku, Alberta and will service Western Canada in 2022 and nationally in 2023.

Wed
13
Apr

Hygrovest outperforms benchmark Canadian cannabis market in FY2022

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Hygrovest has funds available to deploy in new investments and will also seek to realise existing investments to recycle capital into opportunities having greater potential for growth.

Hygrovest Ltd (ASX:HGV) has significantly outperformed a declining Canadian cannabis market, with the investment holding group’s net asset value (NAV) decreasing just 14% for the financial year to 31 March 2022, compared to a 60% decline in the benchmark over the same period.

The company also saw its NAV increase by 7% during March 2022.

Outlined in the table below is the current strategy for Hygrovest’s portfolio of investments:

Hygrovest's portfolio companies are continuing to achieve sales growth, with recent highlights outlined below:

Wed
13
Apr

Canntab engages Hamish Sutherland as strategic advisor

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Canntab Therapeutics Limited (CSE: PILL) (OTCQB: CTABF) (FRA: TBF1) (the "Company" or "Canntab") a leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic applications, is pleased to announce that the Company has engaged Mr. Hamish Sutherland as a strategic business consultant to work with Canntab and develop additional sales and distribution channels for the extensive suite of Canntab's products and to assist Canntab in reaching strategic partnerships in the Cannabis industry with a view to enhancing shareholder value.

Wed
13
Apr

Building cannabis brands with creativity and innovation

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There is a popular narrative in Canada’s cannabis industry, which says that government regulations make it almost impossible for licensed producers to brand their products. However, many LPs are finding creative and innovative ways to get their story out, which suggests that much of the doom and gloom has been overblown.
 
“I believe the regulations today actually favour brands like us,” says Chris Marmion,  Head of Sales & Marketing at Carmel Cannabis, which has a 150-acre property in Oro-Medonte, Ontario.

 

“When you have your brand promise anchored in quality, you don’t need celebrity endorsements and billboards.”

Tue
12
Apr

Xebra's THC and CBN cannabis infused lemonade accepted for summer listing in the Province of Ontario

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Xebra Brands Ltd. ("Xebra") (CSE: XBRA) (OTCQB: XBRAF) (FSE: 9YC), a cannabis company, is pleased to announce that its Vicious Citrous cannabis infused lemonade, has been accepted by the Ontario Cannabis Store (OCS), for listing and sale in the Province of Ontario, Canada.

Vicious Citrus Lemonade combines 10mg of THC with 2mg of CBN (Cannabinol).  Vicious Citrus is one of only a few beverages in Canada containing CBN, a unique cannabinoid that is booming in interest across North America. At the following link an article on CBN published by MJBizDaily:

Tue
12
Apr

Cannabis firm seeks creditor protection amid 'critical cash shortage'

cannabis field

A Southwestern Ontario pot producer that bills itself as Canada’s first female-focused cannabis company filed for creditor protection as it faces a “critical cash shortage.”

An Ontario court has approved a request by Eve and Co., a licensed cannabis grower that operates a massive greenhouse in Strathroy, to sell assets and seek investment after it was granted protection under the Companies’ Creditors Arrangement Act (CCAA).

“The creditor protection is kind of a temporary holding status,” said Michael Armstrong, a professor at Brock University’s Goodman school of business who studies the cannabis industry.

Tue
12
Apr

Lift&Co. Expo powers the future of the cannabis industry

expo

Canada’s #1 Cannabis Event returns May 12-15, 2022, revealing what’s next in Canada and across the globe, as well as plenty of F-U-N!

Tickets are on sale now for Lift&Co. Expo, Canada’s no. 1 cannabis conference and trade show, taking place at the Metro Toronto Convention Centre, May 12-15, 2022. As the highly anticipated show draws near, the team behind the scenes reveals noteworthy new features and a schedule of can’t-miss content to power the future of Canada’s booming cannabis industry.

 Lift&Co. Expo Toronto 2022 includes:​

Tue
12
Apr

Canadian cannabis operators have no clear road to US

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When will Canadian cannabis companies be allowed to tap into the US marketplace?

As chatter about cannabis legalization below the border heats up, when will Canadian producers be able to tap into the opportunity in the booming US marketplace?

Operators in Canada have for the most part fallen out of favor, thanks in large part to poor financial results and a clear ceiling on what the domestic market can offer — especially compared to opportunities for US stocks.

While Canadian companies have targets in their sights and are talking about what their plays in the US could be, experts are cautioning market participants about the realities of the market.

Mon
11
Apr

American cannabis consumers eye opportunities presented by legal marijuana in Germany

Germany

Germany’s impending legalization of recreational marijuana offers attractive new opportunities for travel, trade and investment, according to a recent survey of American cannabis consumers. The survey from medical marijuana holding company Bloomwell Group found that eight out of 10 Americans believe that “cannabis companies are attractive investment options,” while 61% said that they “would invest in European cannabis stocks.”

Mon
11
Apr

Tilray sees Jefferies lower target due to Canadian cannabis headwinds

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Jefferies lowered their price target on Tilray Brands (TSX: TLRY), after updating their outlook, saying excluding all the Canadian headwinds, the overall outlook looks compelling. Jefferies lowered their 12-month price target from $17.00 to $15.60 and reiterated its buy rating on the stock.

Tilray currently has 20 analysts covering the stock with an average 12-month price target of US$8.47, or a 33% upside to the current stock price. Out of the 20 analysts, 2 have strong buy ratings, 2 have buy ratings, 13 analysts have hold ratings and the last 3 have sell ratings. The street high sits at US$23, which represents a 260% upside to the stock.

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