Marijuana Business News

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Wed
16
May

Canadian company repurposes waste to produce weed-brewed beer

Whether it’s a delicious terpene-rich IPA or a THC-oil Belgian ale boasting no hangover, cannabis-friendly states like California and Colorado are leading the way when it comes to weed-infused beer.

It’s a Canadian company, however, that plans on launching the world’s first beer brewed entirely from the cannabis plant.

“First people thought we were crazy. Then they asked us how we were doing it,” Dooma Wendschuh told the Straight by phone. Wendschuh is the CEO of Province Brands of Canada (PBC), a premium beer and spirits company recently awarded with $300,000 in funding from the Government of Ontario.

Wed
16
May

From pork to pot: Cannabis cultivation in former Winnipeg Maple Leaf meat plant

A Toronto-based pot producer is taking over the former Maple Leaf Foods meat plant in Winnipeg.

GrowForce Holdings has announced it will open its flagship cannabis cultivation facility in the city’s St. Boniface Industrial Park.

It says the 11,000-square-metre facility will employ 150 to 200 people once it’s fully operational next year.

GrowForce CEO Rishi Gautam says the company looked at various cities, including Edmonton and Calgary, but settled on Winnipeg because of reasonable hydro rates and a large skilled workforce.

Gautam says the company purchased the site for about $10 million and plans to invest another $30 million to retrofit the building.

Tue
15
May

Conquering the world with cannabis: Q&A with Aurora CCO Cam Battley

On Monday, rumours of Aurora Cannabis (ACB.TO) merging with MedReleaf Corp. (LEAF.TO) came true: Aurora acquired MedReleaf for $3.2 billion in an all-stock deal.

The move is the latest in a series of mergers and acquisitions by Aurora, which now has a production capacity of 570,000 kilograms per year. Cam Battley, Chief Corporate Officer of Aurora Cannabis, spoke to Yahoo Canada Financeabout the merger, and outlined why it’s been such a critical part of the company’s strategy.

Tue
15
May

Flatrock pot shop rejects retail licence, says new rules bad for small business

Dee Dee's Shop owner says profit margins for standalone stores too slim.

One of the 24 retailers approved to sell marijuana has turned down its retail licence, saying N.L.'s rules favour large corporations.

One of 24 Newfoundland and Labrador retailers approved to sell marijuana once it is legal has turned down its retail license, saying the province's rules favour large corporations.

Dee Dee's Shop was approved by Cannabis N.L. to open a marijuana business in the Flatrock area of Newfoundland's Avalon Peninsula, but owner Danielle Campbell said it decided to decline the licence after doing some research.

Tue
15
May

Cannabis candies will stay off-limits after marijuana legalization — and that's a mistake: researcher

'You want to make sure that risks are properly conveyed to the general public,' says food policy researcher.

Put away the gummy bears, lollipops and chocolate bars — at least the ones containing THC.

When marijuana is legalized in Canada this year, edibles won't be included on the approved list in 2018.

That's a mistake, according to Sylvain Charlebois, a food policy researcher at Dalhousie University in Halifax. In a survey he co-authored, he found that more than half of Canadians are willing to try edibles if they're legalized.

"So, when C-45 [the bill allowing legal access to cannabis] didn't include edibles, it was shortsighted because a lot of people would be willing to try," Charlebois told Checkup host Duncan McCue.

Tue
15
May

5 likely winners as Canada looks to legalize marijuana

The marijuana market is poised to see the biggest investor bull rush of the 21st century, and gaining exposure to this burgeoning industry is one of the most important investment questions of our time.

In the U.S. alone, the marijuana market is set to reach $25 billion by 2020 with recreational use being legal in a growing number of states.

Tue
15
May

Bank of Montreal muscles into marijuana M&A by advising Aurora in biggest deal yet

Bank of Montreal is emerging as the most aggressive of Canada's big banks in the cannabis industry.

Bank of Montreal is emerging as the most aggressive of Canada’s big banks in the cannabis industry after landing a mandate to advise on the largest takeover in the sector.

BMO Capital Markets was the exclusive adviser to Aurora Cannabis Inc. on its $3.2 billion all-stock bid to buy MedReleaf Corp., encroaching on the territory dominated by smaller investment banks Canaccord Genuity Group Inc. and GMP Capital Inc. Canaccord advised MedReleaf on the acquisition announced Monday.

Tue
15
May

Supreme appoints Colin Moore, former President of Starbucks Canada, to board of directors

The Supreme Cannabis Company, Inc. ("Supreme Cannabis" or the "Company") (TSXV: FIRE), is pleased to announce its appointment of Colin Moore as an independent director of Supreme Cannabis effective immediately. Mr. Moore's appointment expands the board to 6 directors, 4 of whom are independent directors. 

Mr. Moore is the former President of Starbucks Coffee Canada and previously held senior management and marketing positions at PepsiCo, KFC and Yum! Brands in the United States and Canada.

Tue
15
May

Marijuana cultivation firm to set up shop in city

A major new marijuana cultivation business in Manitoba is being announced today, the Free Press has learned.

GrowForce Holdings Inc. will announce it is setting up a 120,000-square-foot facility in an old meat packing plant in Transcona.

The Toronto-based company is a newly created entity that last month announced the acquisition of WILL Cannabis Group in Brampton, Ont., an authorized licensed producer of cannabis for medical purposes through Health Canada.

A spokesman for the company said GrowForce will use that licence to add the Winnipeg production operation as a second facility. GrowForce has said publicly it plans to build a vertically integrated cannabis platform with cultivation, processing and retail facilities across Canada.

Tue
15
May

NPA urges city to require cannabis dispensaries to reveal suppliers

Motion requires stores to buy from licensed producers even though those suppliers would be breaking the law if they did so.

Councillor Melissa De Genova is behind the motion that would require city-licensed dispensaries to buy from Health-Canada approved suppliers | Richard Lam

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