Marijuana Business News

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stocks
business
Fri
11
May

Mount Royal University to teach the business side of marijuana

Calgary university to offer 3 non-credit online courses this fall.

Those wanting to learn more about the budding marijuana industry in Canada can now do so in a university setting.

Mount Royal University will offer three, non-credit continuing education courses — at a cost of $1,500 each — this fall, covering the business side of cannabis.

"The idea was, we have a lot of course connected to business and professional education so this seemed like really, a natural fit," Brad Mahon, dean of the faculty of continuing education at Mount Royal University, told The Homestretch.

Fri
11
May

Liquor Depot's name change reveals ambition to dominate alcohol, cannabis market in Alberta

Corporate giants, like Anheuser-Busch, may enter cannabis trade if they decide a profit can be made, prof says.

The name change of Liquor Stores N.A., which owns the Liquor Depot chain, to Alcanna this week represents the company's intent to expand into the Canadian cannabis market alongside Aurora Cannabis, the second-largest cannabis grower in Canada.

"They're our business partner," James Burns, vice-chair and CEO of Alcanna, told CBC News. "It gives us one of the top, most incredible-leading, fastest-growing cannabis producers in the world."

Alcanna — a portmanteau of alcohol and cannabis — reflects the company's vision of having two separate divisions of alcohol and cannabis, since legislation will likely bar the sale of the two in the same building.

Fri
11
May

Cannabis Growth Opportunity Corporation expands into Caribbean with investment in Herbs Holdings Ltd.

Cannabis Growth Opportunity Corporation (CSE: CGOC), today announced it has invested in Herbs Holdings Ltd., a large medical cannabis premium grower and retailer in Jamaica. The agreement is CGOC's first in the Caribbean and reflects the company's focus on driving long-term total return through investments in privately and publicly held companies that are aligned to its investment approach.

Fri
11
May

Pot shops show real interest in Fort

Two pot companies are officially eyeing up Fort Saskatchewan once marijuana becomes legal in Canada, according to the Alberta Gaming and Liquor Commission website.

Namaste is looking to establish themselves in the downtown core along 99th Avenue and Canna Cabana is listed along Town Crest Road in Town Crest Centre. Having the official application in front of the AGLC means these two companies are serious since it requires more than $4,000 for the licence fee, application fee and background check deposit.

These two recreational pot companies could be just the tip of an iceberg for local interest.

Fri
11
May

Cannabis-sector CEOs expect Canadian sales post-legalization will outpace expectations

Baby boomers expected to drive sales as they switch to cannabis from other medications.

Cannabis-sector CEOs are bullish about the prospect for sales once Canada legalizes marijuana and say that the market will soar far above many estimates.

At the Arcview Group’s cannabis investment conference on May 2, the CEOs of three Canadian cannabis companies were united in predicting the legal cannabis market in Canada will fast outpace expectations.

A recent New Frontier Data report pinned the domestic cannabis market in Canada at $9.2 billion by 2025, sustained by higher average medical consumption. More conservative estimates pin federal sales at $4.5 billion by 2027.

Fri
11
May

Aurora Cannabis should soon pass Canopy Growth Corp. in medical pot sales, PI says

Following the company’s third quarter results, PI Financial analyst Jason Zandberg is feeling bullish about Aurora Cannabis (TSX:ACB).

On May 8, ACB posted its Q3, 2018 results. The company lost $20.79-million on revenue of $16.1-million, a topline that was up 211 per cent over last year’s third quarter.

Fri
11
May

Short sales on the TSX: What bearish investors are betting against

Canadian stocks with exposure to the marijuana sector have been a favourite target of short sellers in recent months, but that is much less the case in the second week of May.

Many marijuana stocks recently slipping off tables of the most-shorted companies published by the Globe and Mail.

Taking their places were companies from a variety of sectors. Their appearance on the tables mostly reflects company-specific factors, similar to the companies topping the list this month: Badger Daylighting Ltd., Concordia International Corp. and Canadian REIT.

Thu
10
May

This pot stock has paved a path to more than 100,000 kilograms of annual cannabis production

The race is on among Canada's cannabis growers. In less than a month, Canada's Senate will vote on bill C-45, which is more commonly known as the Cannabis Act. If approved, it would legalize recreational marijuana throughout Canada, making our neighbor to the north the first developed country in the world to OK the sale of adult-use cannabis. It would also open the door to billions in annual revenue for growers and the ancillary pot industry.

Thu
10
May

Snoop Dogg's Delta connection

Snoop Dogg will have a connection with the cannabis business in Delta.

Well known for his love of herb, the rapper through his co-founded venture capital firm Casa Verde Capital invests in the cannabis industry, having signed a partnership deal a couple of years ago with Tweed Inc. and parent company Canopy Growth. The deal gives the Ontario-based marijuana producer, already the largest supplier of legal medical marijuana in Canada, exclusive rights to use certain content and brands owned by the rapper’s company LBC Holdings, including the Leafs By Snoop cannabis brand which has several strains.

Thu
10
May

Mom and son convenience store owners excited to sell pot in Labrador West

Tobin's Convenience is the only retailer in Labrador to get a licence to sell marijuana.

So far, there will be only one place to buy legal marijuana in all of Labrador once the federal government passes the required legislation, and that's through Tobin's Convenience, a family-run business in Labrador City. 

"We're excited, we're anxious, we're nervous … we're just overjoyed. There's no words to express how you feel," owner Brenda Tobin told CBC News.

Tobin's is one of 24 retailers around the province selected by Cannabis NL. which is a branch of the provincial liquor corporation, and it's the only one approved so far in Labrador.

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