Marijuana Business News

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stocks
business
Thu
17
May

5 Companies to Watch as Cannabis Legalization Approaches

Get ready to go green. In the coming months, Canada will make history by becoming the very first major industrialized nation to legalize marijuana for recreational use nationwide. If everything goes the way experts are expecting, this September, Canadian lawmakers will be fully decriminalizing the sticky stuff for millions of happy customers in one of the biggest cannabis-consuming nations in the world. Mentioned in today's commentary includes: Canopy Growth Corp. (OTC: TWMJF) (TSX: WEED), Aurora Cannabis Inc. (OTC: ACBFF) (TSX: ACB), Emerald Health Therapeutics Inc. (OTC: EMHTF) (TSX-V: EMH), Cronos Group Inc. (NYSE: CRON) (TSX-V: CRON).

Thu
17
May

Aphria selects Great North Distributors, a Canadian subsidiary of Southern Glazer's Wine & Spirits, for Canada-wide distribution of adult-use cannabis

Aphria Inc. ("Aphria" or the "Company") (TSX: APH and US OTC: APHQF) and Great North Distributors, Inc. ("Great North Distributors"), a wholly-owned Canadian subsidiary of Southern Glazer's Wine & Spirits ("Southern Glazer's") dedicated to the representation of cannabis products, are pleased to announce today that they have signed an agreement for Great North Distributors to serve as exclusive manufacturer's representative for Aphria's adult-use cannabis products throughout Canada, following the legalization of recreational cannabis for adult-use anticipated later this year.

Thu
17
May

Pot 101: Cooking with cannabis

Medical marijuana CEO clears the air on modes of cannabis consumption.

To vape, smoke or bake? Shekhar Parmar, the CEO of Harvest Medicine, a medical marijuana producer, spoke to The Homestretch Wednesday as part of its ongoing Pot 101 series, to help clear the air around cannabis consumption techniques.

Q: What do you recommend between smoking or eating, when it comes to consuming cannabis?

Thu
17
May

Women in weed: meet four women helping to shape Canada's cannabis industry

'Welcome to the industry. It’s not going anywhere.' – Meris Kott, chief executive officer, Redfund Capital Corporation.

It’s a common story thread: women entrepreneurs blazing the way for cannabis, taking over the sector and inserting themselves into a market that is booming, complicated and fast-evolving.

Stop. Back it up. Wait a moment. This is not one of those stories.

It’s an easy – perhaps a bit lazy – trend to latch onto, one that weaves itself through the cannabis daily news cycle. “Women in weed: charting change for male-dominated cannabis culture,” blared a CBC headline earlier this year.

Thu
17
May

Village Farms is trading at a major discount to its cannabis peers, Echelon Wealth says

Greenhouse grower Village Farms International (TSX:VFF) may not be a cannabis space household name like Canopy Growth and Aurora Cannabis, but the BC-based company should be getting more respect based on its proven crop-growing chops, says Russell Stanley of Echelon Wealth Partners.

In a research report on Tuesday, the analyst maintained his “Speculative Buy” rating and C$13.00 target price for VFF, representing a projected return of 123 per cent.

Thu
17
May

Hemp growers will be able to harvest more material

Hemp growers want in on the nutraceutical market, but until now regulations have limited them to harvesting hemp grain and fibre. That might be about to change when cannabis becomes legal.

Farmers may soon be able to harvest the whole hemp plant, including the leaves and flowers they are currently required to throw away.

Health Canada has just completed consultations on the federal government’s proposed framework for legal cannabis, a document that includes regulations that are, “risk based and that allows cultivators of industrial hemp to sell the whole hemp plant to certain persons licensed under the proposed Cannabis Act.”

Thu
17
May

Liquor boards take note: Race to the bottom will crush craft cannabis growers

Liquor distribution boards across Canada have been tasked with a lofty mandate when it comes to cannabis—capture market share from one of the most entrenched unregulated cannabis markets on the planet, and do it fast. Their collective first instinct follows understandable logic: buy cannabis for a low wholesale price, and sell it for a retail price that the vast network of illicit growers across this nation cannot compete with. This strategy will substantially benefit high volume producers of commodity grade crops, while crippling the competitiveness of small scale growers.

Thu
17
May

Business of Cannabis launches "Papers: A Rolling Guide to the Business of Cannabis"

Canada's legalization of cannabis is one of the most economically and socially disruptive changes in our time. Today Business of Cannabis announced its new quarterly publication, "Papers: A Rolling Guide To The Business of Cannabis," to provide those in the sector with a new way to stay ahead of who-and-what is shaping the landscape.

Thu
17
May

Cannabis Growth Opportunity Corporation throws C$2mln into Whistler Medical Marijuana

Cannabis Growth Opportunity Corporation (CSE:CGOC), a cannabis investment company, is shaking up its portfolio again by reaching a deal to put C$2mln into Whistler Medical Marijuana, one of the first 10 licensed producers of Medical Marijuana and cannabis oil in Canada.

Wed
16
May

GrowForce announces opening of flagship cultivation facility in Winnipeg

Growforce Holdings announced Tuesday that they are opening their “flagship cannabis cultivation facility” in Winnipeg.

The new, Toronto-based company is currently renovating an old Maple Leaf meat-packing plant that has sat vacant for eight years in Transcona, Winnipeg. The facility is being given new life as GrowForce’s third facility.

The 120,000 square foot facility is being built in compliance with Access to Cannabis for Medical Purposes Regulations.

“We were looking for a large-scale facility that met a lot of our criteria as an operator, in terms of availability, of talent, of power rates, close to an urban centre,” said, Rishi Gautum, GrowForce CEO.

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