Edmonton library will go to court over distance between cannabis stores and branches

The Edmonton Public Library is challenging three decisions by the city's development appeal board allowing cannabis stores to open within 200 metres of its branches.

The Court of Appeal of Alberta has granted the city's library board leave to appeal decisions made by Edmonton's development appeal board.

The city's bylaws require a distance of at least 200 metres between a cannabis retail store and a public library.

The development appeal board has the authority to grant an exemption to that requirement under the Municipal Government Act


Researchers Say Newly Developed Cannabis Strains May Prevent COVID-19 Infections

Canadian scientists think they may have found a new way to prevent and slow COVID-19 with cannabis. But it’s not just any cannabis. Researchers at the University of Lethbridge in Alberta believe that they have developed particular strains of the plant that work to keep coronavirus from binding to cells and causing illness.

In a not yet peer-reviewed paper published in Preprints, the authors wrote, “The extracts of our most successful and novel high CBD C. sativa lines, pending further investigation, may become a useful and safe addition to the treatment of COVID-19 as an adjunct therapy.”


Pandemic smokes out innovation, frustrations among cannabis retailers

Browsing for bud online and remotely selecting a buzz has become a part of the physical distancing routine among private cannabis retailers.

The COVID-19 pandemic has led some cannabis merchants to go the more limited-contact, express-service model, among other adaptations to a pandemic-hit province that has deemed them an essential service.

Retailers like NewLeaf Cannabis allow customers to choose their purchase online and place an order before heading to their closest outlet for pickup and pay.

NewLeaf also has tips for buyers.

“When paying, use tap for debit and credit cards versus cash and don’t share joints, pipes or bongs,” advises the company.


Cannabis shows promise blocking coronavirus infection: Alberta researcher

Cannabis extracts are showing potential in making people more resistant to the novel coronavirus, says an Alberta researcher leading a study.

After sifting through 400 cannabis strains, researchers at the University of Lethbridge are concentrating on about a dozen that show promising results in ensuring less fertile ground for the potentially lethal virus to take root, said biological scientist Dr. Igor Kovalchuk.

“A number of them have reduced the number of these (virus) receptors by 73 per cent, the chance of it getting in is much lower,” said Kovalchuk.

“If they can reduce the number of receptors, there’s much less chance of getting infected.”


Canopy Rivers invests $2M in Edmonton-based pot gummies company

Canopy Rivers Inc. says it has made a $2-million investment in Dynaleo Inc., an Edmonton-based company focused on edible cannabis gummies.

Dynaleo has built a manufacturing facility and submitted the supporting documentation for a standard processing licence to Health Canada.

The company plans white-label production of CBD and THC edibles for the Canadian market that can be customized to meet customer's needs and regulatory requirements.

Canopy Rivers, which operates as a cannabis venture capital firm, says its investment in Dynaleo is structured as an unsecured convertible debenture with additional warrant coverage.

The debenture is convertible at the company's option into common shares of Dynaleo.


5 Reasons Cannabis 2.0 Sales Will Disappoint in Canada

For years, marijuana stocks were virtually unstoppable. The prospect of $50 billion or more in annual worldwide sales by 2030 sent North American cannabis stock valuations into the stratosphere. But over the past 13 months, most pot stocks have seen their valuations retrace anywhere from 50% to 95%. It's been ugly, with a capital "U."


Pot lawsuit a 'defensive tactic' to allow Calgary marijuana retailer to default on a loan, B.C. company claims

The $130-million lawsuit filed by a Calgary cannabis retailer is a “defensive tactic” to allow it to default on a loan, a B.C. pot company claims.

In a statement of defence and counterclaim, Tilray Inc. and its subsidiary, High Park Shops Inc. say 420 Investments Ltd., which operates Four20 cannabis outlets, owes them $7 million.

The court documents, obtained Wednesday by Postmedia, dispute 420’s claim Tilray reneged on a deal to purchase the Calgary-based company for $110 million.

Tilray alleges 420 commenced its court action in response to the defendant’s “lawful and entirely justified termination … of an agreement,” and the default by 420 of a $7-million “bridge loan” the retailer received from High Park.


Southern Alberta researchers say medical cannabis could help fight COVID-19

Researchers at the University of Lethbridge say while clinical trials still need to be done, data they’ve been collecting over the past four years shows promise that some cannabis extracts may help in the prevention and treatment of COVID-19.

Olga and Igor Kovalchuk have been working with cannabis since 2015, using varieties from around the world to create new hybrids and develop extracts that demonstrate certain therapeutic properties.

'There’s a lot of documented information about cannabis in cancer, cannabis in inflammation, anxiety, obesity and what not," says Igor. "When COVID-19 started, Olga had the idea to revisit our data, and see if we can utilize it for COVID."


'People are certainly buying more': Cannabis stores attribute spike in sales to COVID-19

Legal recreational cannabis sales saw a spike in Alberta over the month of March according to some of the province's major retailers.

As the COVID-19 crisis began to hit the province, it appears as though pot smokers decided to stock up.

"We’ve seen a significant increase in sales, particularly as we entered into the COVID phase – in and around March 12 and that was sustained for about two weeks," Fire & Flower Chief Financial Officer, Nadia Vattovaz told CTV News from Toronto via video chat.

"We have since that time seen a little bit of a drop off, but it’s actually returning to pre-levels," she said.

Nova Cannabis reported a similar trend.


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