Marijuana Business News

Synonyms: 
stocks
business
Tue
24
Apr

Better marijuana stock: Aphria vs. Emerald Health Therapeutics

Which of these beaten-down Canadian marijuana stocks has a better shot at bouncing back?

Tue
24
Apr

Marijuana companies & investors from U.S. and Canada plot next moves in Vancouver April 30 – May 2

1st NASDAQ-traded company CEO Mike Gorenstein of Cronos Group and most pro-cannabis Republican, Congressman Dana Rohrabacher to address group; Dozens of Promising Cannabis Companies Pitch Investors in ‘Shark-Tank’ Style Format.

Tue
24
Apr

Greenhouse begins growing recreational marijuana brands for legal market

The company that started a medical marijuana grow-op near Petrolia is branching out into some “Lambton County Gold” for the adult fun market.

A new subsidiary of Tilray Inc., High Park Farms, has been granted a federal licence to grow recreational marijuana at its greenhouse operation in Enniskillen Township.

The company said it will begin growing plants under glass this week and anticipates a first harvest in June.

“This license is a major milestone for High Park as we work to prepare for the anticipated launch of the world’s largest federally legal cannabis market later this year,” said chief marketing officer Adine Carter.

Tue
24
Apr

A Canadian company just bought 5 tonnes of cannabis oil from Israel

According to Reuters, a deal worth up to US$235 million was recently made between Globus Pharma and an unnamed Canadian company.

Together, an Israeli pharmaceutical company just solidified plans to sell 5 tonnes of cannabis oil to an unknown Canadian company. The deal is potentially worth hundreds of millions of shekels. A Together subsidiary, Globus Pharma will be in charge of the business dealings. The Canadian company involved remains under-wraps. The arrangement will have the Canadian company purchasing 5 tonnes of cannabis oil (or 50 tonnes of dried inflorescences) per year from Globus and includes a research and development partnership to advance medical cannabis technologies.

Tue
24
Apr

Inside Tweed collective, a cannabis initiative investing $20 Million in Canadian communities

Bruce Linton, CEO of Canopy Growth, is setting the bar high for corporate social responsibility within cannabis.

Last Friday, Tweed, the Canadian brand under the umbrella of the largest publicly traded cannabis stock in the world, Canopy Growth Corporation, made a major announcement. The company took the high holiday as an opportunity to share its own incredible 4/20 commitment to the communities it serves, in the form of Tweed Collective.

Tue
24
Apr

Delta 9 marks 4/20 by obtaining license for cannabis oil production

DELTA 9 CANNABIS INC. (TSXV: NINE) ("Delta 9" or the "Company") is pleased to announce that Health Canada has approved the Company's application for an amendment to its cannabis production and sale license which will allow it to produce bottled cannabis oils under the Access to Cannabis for Medical Purposes Regulations (the "ACMPR"). The license amendment was issued on April 20, 2018 and is valid until August 30, 2019. "This is another important step for Delta 9 in preparing for legalization in Canada, but also in working with our partners in Germany, where we have signed an export agreement," said Delta 9 CEO John Arbuthnot.

Tue
24
Apr

Ottawa school boards to weigh in on pot shop locations — somehow

Additional layer of consultation raises questions of whether stores open in time.

When the first four cannabis store locations for Ontario were announced earlier this month, the single Toronto site caused a ruckus because it was walking distance from an elementary school, ensconced in a strip mall that houses a McDonald's and Tim Hortons the students frequent at lunch time.

Both the Toronto School Board and Premier Kathleen Wynne appeared caught off guard by the store's proximity to the school, about 450 metres away. Wynne subsequently ordered school boards be consulted before any more locations are announced.

That might sound reasonable, but there's only one problem: some Ottawa school boards have no idea what "consultation" means.

Tue
24
Apr

No pot tourism strategy for Windsor-Essex until guidelines set, says tourism agency

Local cannabis advocate: 'To me it's absolutely asinine to waste our time which is basically what this is'.

As people across Canada prepare for recreational cannabis to become legal later this year the regional tourism agency for Windsor-Essex says it has no strategy until operational guidelines are set. 

Recreational marijuana could be legalized sometime this summer as the Cannabis Act works its way through Parliament, while Windsor has been approved for a store. 

But Tourism Windsor Essex Pelee Island (TWEP) said in a statement to CBC News that it's holding back on a plan until national and local governments iron out the plans. 

Tue
24
Apr

International partners aim to establish cannabis research and development project in St. John’s

About two years ago, Chris Snellen was diagnosed with cancer of the tonsils as a result of the human papillomavirus.

When he broached the subject of a referral to the Canabo Medical Clinic in Churchill Square, his medical team balked at the idea.
“They said, ‘If you do everything we say, we have a scientific number of 80 per cent odds that you’re going to come out of this cancer-free. If you take marijuana during or before, then we don’t know what that’s going to do to your odds,’” Snellen says.

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