Roughly a year and a half ago, Canadian marijuana stocks were expected to take the global lead in making cannabis a mainstream product. But despite having this pole position among developed countries, regulatory and operational issues have caused the Canadian pot industry to face-plant.

More than two months after cannabis-infused beverages became legal for sale in Canada, consumers in Ontario will finally be able to see what all the fuss is about.

Valens GroWorks Corp., a producer of cannabis extracts, noted the white label products it has produced in collaboration with A1 Cannabis Company, a subsidiary of Iconic Brewing, will be the first to market in the province in the coming days. Additional Canadian markets are expected to follow.

BASECAMP, what the company calls “a CBD-forward iced tea,” will be available first in select stores, with SUMMIT, “a THC-forward citrus water,” expected to follow over the next few weeks.

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One of the most significant themes of the cannabis industry is related to Canadian market and the rollout of new products. This opportunity is being referred to as cannabis 2.0 and we believe that this represents a major growth opportunity for companies that are levered to it.

Canopy Growth Corp. said it will shut down two major cannabis production facilities and lay off about 500 staff in an effort to restructure its operations to better address changing consumer demand in the Canadian pot sector.

The Smiths Falls, Ont.-based company said its facilities in Aldergrove and Delta, B.C. represent about three million square feet of production space and will be shuttered, resulting in the reduction of about 500 jobs. Canopy will also halt plans to build a greenhouse in Niagara-on-the-Lake, Ont., the company said.

Cannabis is undoubtedly having a moment. In some of the biggest markets around the world, both CBD and THC – the most prevalent of the cannabinoids found in the plant – are being added to all manner of products. But could Cannabis ‘drinkables’ soon be more popular than ‘edibles’?

In countries such as Canada, which launched ‘Cannabis 2.0‘ in October, and a growing number of states in the USA, Cannabis offers big opportunities to new and existing businesses. And in no area is this truer than the food and drinks industry.

Since Canada legalized weed in October of 2018, cannabis companies have been struggling to compete with the still-thriving black market in the country. 

In an effort to sway consumers toward legal marijuana, several Canadian cannabis businesses opted to launch new low-cost products.

Last year, Ottawa-based Hexo Corp announced a new product dubbed Original Stash that retails for $125.70 for a 28-gram package.

Now other companies are joining in with their respective lower-priced variants.

In April, Canopy Growth plans to launch Twd. – a one-ounce product that will sell for $4 per gram. The company says Twd. will feature a THC content of 13% to 25%.

Tilray Inc. reported disappointing fourth-quarter results late Monday including a steep quarterly net loss and a sequential drop in cannabis sales.

Nanaimo, B.C.-based Tilray said its revenue came to US$46.9 million in its fourth quarter, a 202-per-cent increase from the same period last year, but an eight-per-cent drop from the prior three-month period. The company reported a net loss of US$219.1 million, which it attributed to an impairment charge of US$112 million, as well as operating expense increases and the expansion of its international teams. Adjusted EBITDA came to a US$35.3 million loss.

The process for applying for and receiving a license for medical hemp products in Canada is very streamlined and straightforward.

As the emerging market for CBD continues to expand at an explosive rate, medical cannabis prescriptions are growing at an equal pace. This leaves many people who may not be familiar with the process, as well as those who have been subject to the misinformation which is very common surrounding this subject wondering exactly what the correct steps are in order to obtain one.

Acquire Medical Record

The first thing a potential applicant must do is acquire a copy of their medical records from their current physician.

The world is transforming into all things digital, which also includes products such as cannabis. Canadian citizens, with a valid address over the age of 19 (or 21 in Québec) are legally able to purchase buds over the internet. Additionally, the Canadian Government has recently allowed the online sale of cannabis products including: extracts, lotions and edibles.

While online dispensaries are relatively new in Canada, we wanted to take a moment to shed some light on the opportunities presented by this growing business.

Canada’s cannabis industry represented $7.24 billion to the country’s gross domestic product in December, slightly below a revised $7.25 billion made in the prior month, according to latest figures released by Statistics Canada. The country’s legal cannabis market represents $3.0 billion of economic output to Canada’s GDP, an increase of 138 per cent when recreational pot was legalized in Oct. 2018. Meanwhile, the illicit cannabis market's contribution to Canada's GDP has fallen by over 20 per cent to about $4.18 billion in that same time.

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