Wayland Group, formerly known as Maricann, has agreed to make an initial payment of $5.5 million ($4.8 million Canadian dollars), followed by a second payment of $27.5 million following certain milestones being achieved, including Tropicann obtaining a license to cultivate cannabis in Australia.

Wayland CEO Ben Ward said in a statement that the Northern Territory was "the ideal location for our new Asia Pacific hub".

"The location provides Wayland with ideal climate conditions in a globally respected and sovereign country with a large and fast emerging market of over 250 million people just four hours north," he said.

"This acquisition accelerates Wayland's growth strategy in becoming a truly global cannabis company."

A Southwestern Ontario club plans a tournament next month combining one of the country’s oldest winter pasttimes, curling, with what’s rapidly becoming a new lifestyle choice, legal weed.

Forget the jokes about stoners and curling stones; the all-day event sold out within 24 hours, with calls coming in from across Ontario and 16 four-person teams signing up at $200 a team.

For the past couple of years, the marijuana industry has been virtually unstoppable. Sure, it's had a few hiccups in 2018, but investors who've had the wherewithal to stick with these companies for the past couple of years have been greatly rewarded. The big question is, with marijuana now legalized throughout Canada: Can this cannabis rally continue in 2019?

Ownership structure of a company can be broken down into four categories: (1) Institutional ownership, (2) intercorporate investments, (3) insiders, and (4) public/retail investors. Mature companies tend to have higher institutional ownership, often translating into lower share price volatility. BCE Inc. (TSX:BCE) is an example of a mature telecommunications company with institutional ownership of 45.5%. Industries in their infancy, such as cannabis, often have higher retail ownership as institutional investors tend to favour more established companies.

For owners of cannabis shares, late 2018 has not been the best of times. Although this summer witnessed some strong gains for stocks like Canopy Growth Corp  (TSX:WEED)(NYSE:CGC), they were followed swiftly by an equally sharp pullback. A few weeks ago Canopy was close to erasing its gains for the year, but has since recovered. Still, it and most other cannabis stocks are way down from their 12-month highs.

Enter CBD oil.

CBD oil is a fast-growing product category that may just be cannabis growers’ “ace in the hole.”

A beverage company that has been riding the recent marijuana stock surge is using some of that equity to get bigger.

If one entrepreneur has his way, Manitoba will have as many places to buy cannabis as there are stores to purchase booze.

John Arbuthnot, co-founder of the cannabis producer and retailer Delta 9, said he thinks the province can accommodate more than 100 retail cannabis stores — a projection that may be possible if the retail market for cannabis opens up as promised. 

"You'll see the full scope," Arbuthnot said. "You'll see the bigger companies like Delta 9 trying to open dozens of stores as we originally announced was our intention, and you'll see now the opportunity for smaller one-off locations. Call it the mom and pop model."

As we continue to work through the cannabis stock correction, we continue to make our list of stocks that could work on the next leg, and OrganiGram Holdings Inc (OTCMKTS:OGRMF)continues to make a strong argument that it belongs on that list. Shares have been holding key 200-day MA support and the company continues to announce further expansion for its distribution footprint. As a case in point, the company just announced it has completed the registration process with Saskatchewan Liquor and Gaming Authority (SLGA), making it an official supplier of cannabis for the province. “We are pleased to have been selected as an official supplier of cannabis in Saskatchewan,” says Tim Emberg, Senior Vice President of Sales and Commercial Operations, Organigram.

A Toronto cannabis grower, with an operation near Kirkland Lake, has struck a supply and financing agreement with Canadian weed giant, Canopy Growth Corporation.

48North Cannabis Corp. announced Dec. 3 that it has entered into two agreements to supply the Smith Falls-headquartered producer with dried cannabis grown at its DelShen Therapeutics facility, just outside of Kirkland Lake.

Here's a quick trivia question for you: What are the three largest U.S.-based marijuana stocks by market cap? If your answers included MariMed (NASDAQOTH:MRMD) and MedMen(NASDAQOTH:MMNFF), pat yourself on the back. (The third correct answer -- and the biggest of them all -- is Scotts Miracle-Gro.)