Marijuana Business News

Synonyms: 
stocks
business
Wed
02
May

Aurora completes CanniMed acquisition

Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX:ACB) (OTCQB:ACBFF) (Frankfurt: 21P; WKN:A1C4WM) and CanniMed Therapeutics Inc. (TSX:CMED) ("CanniMed") today announced that Aurora has completed the acquisition of all issued and outstanding shares of CanniMed Therapeutics Inc. ("CanniMed") that it did not already own.

Wed
02
May

Toronto's main index inches forward, New York indices mixed

TORONTO — Canada's main stock index recovered from an earlier drop Tuesday to close the day slightly ahead.

The S&P/TSX composite index rose 11.05 points to 15,618.93.

In New York, markets were mixed, but also recovered from bigger drops earlier.

The Dow Jones industrial average fell 64.10 points to 24,099.05. At one point Tuesday, it had shed more than 350 points.

The S&P 500 index gained 6.75 points to 2,654.80 and the Nasdaq composite index advanced 64.43 points to 7,130.70.

The June gold contract shed US$12.40 to US$1,306.80 an ounce and the July copper contract declined about three cents to roughly US$3.04 a pound.

Tue
01
May

Warehouse safety excellence

WSPS conference demonstrates many ways to get there.

For companies seeking safety excellence, simply trying to do better at the basics is not enough. This message was the core of a keynote presentation by Jeremy Shorthouse, manager, environmental health and safety for Molson Coors, at the February 21 Workplace Safety and Prevention Services’ (WSPS) warehouse safety conference in Mississauga, Ontario.

Close to 150 participants with warehouse safety responsibilities gathered to hear Shorthouse and a host of other speakers talk about both big-picture and detailed safety issues.

Tue
01
May

Maricann Group Inc. is awarded GMP certification

Maricann Group Inc. (CSE:MARI)(FRANKFURT:75M)(OTCQB:MRRCF)(“Maricann” or the “Company”), is pleased to announce that the Company is now part of an exclusive group of Canadian Licensed Producers to be Good Manufacturing Practice (GMP) certified in accordance with the European Medicines Agency’s GMP standards.

Tue
01
May

Sahtu chiefs disappointed after being 'shot down' on cannabis ownership proposal

Liquor stores will be the ones to sell cannabis, N.W.T. government proposal says.

Some Sahtu chiefs in the Northwest Territories are disappointed the territorial government won't let their First Nations sell cannabis when it becomes legalized.

Colville Lake Chief Wilbert Kochon said he and other leaders in the region had a property in Norman Wells lined up last year from which they could sell pot once it became legal. They wanted to sell cannabis and "have a little control over what's going to be coming into our communities," Kochon said to CBC.

But it doesn't look like that plan will become a reality.

"We were shot down right away," said Wilfred McNeely Jr., chief of the K'asho Got'ine Community Council.

Tue
01
May

Aurora Cannabis, Cronos Group, Maricann Group: Canada cannabis roundup

Aurora Cannabis Inc (TSE:ACB) (OTCQB:ACBFF) (FRA:21P), Cronos Group Inc.

Tue
01
May

Cannabis retailers may pay 10 times more for a business licence than Edmonton liquor stores

'We’re OK with that because we want to commit to this exciting opportunity,' Fire & Flower says.

A budding cannabis retailer isn't swayed from setting up shops in Edmonton, even if they have to pay 10 times more for a business licence than a liquor store.

Fire & Flower moved its headquarters from Toronto to Edmonton this year and has applied for business licences to open 16 stores in the capital city.

Nathan Mison, vice-president of government and stakeholder relations for Fire & Flower, said the company is OK with potentially paying the $2,500 a year for a licence compared to $235 for liquor stores. 

Tue
01
May

Regina councillor says no pot shop buffer for downtown is a 'mistake'

City eyes one-block gap between cannabis dispensaries and schools — except downtown.

A Regina city councillor says it's a "mistake" to exclude the downtown core from proposed rules on buffer zones for cannabis dispensaries.  

"We have as much a need to protect children in the downtown area as we do in any other area of the city," Ward 2 Coun. Bob Hawkins said.

A new report headed to this week's planning commission meeting proposes that pot shops not be allowed to operate in Regina within a block of schools, day cares and parks — unless those places are located downtown.

The Saskatchewan Liquor and Gaming Authority has allotted six permits for retail cannabis permits to open up in the city. 

Tue
01
May

Warren Buffett comment sinks Bitcoin; Marijuana Index climbs higher

The North American Marijuana Index, comprised of the leading cannabis stocks in the U.S. and Canada, was on the rise.

The index was up nearly 2% this afternoon to 248.49.

Florida-based company mCig Inc (OTCMKTS:MCIG) was a big mover on the index after announcing that it received three licenses to cultivate, distribute, and manufacture recreational cannabis in the state of California. Shares jumped 5.4% to US$0.22.

Tue
01
May

Emerald Health buying 40% of Pure Sunfarms cannabis production

With legal adult-use marijuana around the corner in Canada, companies are looking to lock down supply chains while licensed growers work at fever pitch to increase the size and frequency of their harvests. Emerald Health Therapeutics (TSX-V: EMH) (OTC: EMHTF) is working on both, on Monday saying that it has signed a supply agreement to buy nearly half of the marijuana production of Pure Sunfarms this year and again in 2019.

Pure Sunfarms is a 50/50 joint venture between Emerald Health and Village Farms International (TSX: VFF) (OTC: VFFIF).

Based upon current projections, the supply agreement will equate to somewhere between 21,000 and 24,000 kilograms of cannabis for Emerald Health. At the low end, that’s about 23 tons of pot.

Pages

Subscribe to RSS - Marijuana Business News