Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
29
Mar

Village Farms International Inc (NASDAQ:VFF) Posts A Growth Of 43% In Revenues In Q4 2020

image representing money growth for plants

Village Farms International Inc (NASDAQ:VFF) reported revenues of $47.4 million (up 43% YoY) in Q4 2020. 

Completes the takeover of Pure Sunfarms

Village Farms acquired a 41.3% stake owned by Emerald Health Therapeutics, Inc in Pure Sunfarms on November 2, 2020. As a result, the company owns 100% of Pure Sunfarms and realizes its income.

Pure Sunfarms reported a sequential growth of 28% and YoY growth of 248% in retail branded sales. The company reported revenues of CAD 15.5 million in Q4 2020. 

Village Farms Clean Energy, Inc, a subsidiary of Village Farms International, renewed the existing contract agreement with Vancouver City. 

Mon
29
Mar

Emerging cannabis insurance market in Canada still has growing pains

calculator and pen

The pandemic hasn’t slowed down the booming cannabis market in Canada – in fact, far from it. The sector has seen many notable developments over the past year, which Burns & Wilcox experts highlighted in a recent webinar, entitled, “Understanding Cannabis Insurance & Changing Market Dynamics.”

One of the key areas of growth in Canada as of late has been the cannabis edibles and beverage space, which got the green light after ‘legalization 2.0’ in 2019 allowed for expansion into these products, as well as topicals and creams.

Mon
29
Mar

Cannabis Stock Watchlist: New York, Aphria, Sundial Growers

stock charts

See how cannabis stocks like Sundial Growers, Trulieve and Tilray performed last week after New York agreed to a deal to legalize marijuana use.

The cannabis sector was down this past week as investors turned their backs on speculative stock plays and looked at reopening stocks to buy as the U.S. gets closer to fully reopening its economy.

Cannabis stocks received a boost this past week when New York agreed to a deal to become the 16th state to legalize recreational marijuana. 

Cannabis stocks were pointing towards starting the week higher with the benchmark ETFMG Alternative Harvest ETF  (MJ) - Get Report rising after closing out Friday's session down 0.4%. Shares are down Monday.

Mon
29
Mar

Medical cannabis use rising among seniors: Study

 

A new study suggests a growing number of more seniors may be using medical cannabis. PHOTO BY FILE PHOTO /Getty Images

While cannabis use has been on the rise following the legalization of marijuana in Canada, a new study has found the increase in cannabis use is more pronounced among Canadian seniors.

The study examined surveys conducted by a a commercial medical cannabis provider from 2014 to 2020, and found a gradual increase in the proportion of older medical cannabis users among those surveyed, growing from 17.6% in 2017 to 31.2% in 2019.

Researchers noted that a majority of older respondents said they use cannabis to relieve pain and prefer cannabidiol (CBD) oils over tetrahydrocannabinol (THC).

Fri
26
Mar

3 Canadian Licensed Producers With Assets Ready To Capitalize On The U.S. Cannabis Market

Read entire article at Technical420

In the early months of the COVID pandemic, many people questioned the future of the cannabis industry. After the sector was declared to be an essential industry, many US operators were able to breathe a sigh of relief.

The US cannabis sector will come out of the pandemic stronger than ever as many operators were able to cut expenses as e-commerce cannabis sales remain higher than pre-pandemic levels. When you combine lower expenses with several new medical and recreational cannabis markets, you have a recipe for success and we are bullish on the direction the industry is heading. 

Fri
26
Mar

Governments taking a ‘conservative’ approach to cannabis marketing, but may need to take a page from alcohol’s book

Provincial governments in Canada have adopted a “conservative” approach to the branding behind cannabis legalization that’s likely not as effective as it could be, suggest researchers from the University of Alberta (U of A). The apparent ambivalence regarding weed marketing has almost extended to a “demarketing” strategy, according to Folio, the U of A’s brand journalism site.

“Our initial expectation was that governments would be competing fairly effectively with either the private sector or the illicit market,” notes Kyle Murray, study co-author and acting dean of the Alberta School of Business.

Thu
25
Mar

Indiva Takes A Bite Out of the Canadian Edible Market With New Wana Quick Gummies Product to Hit Canadian Shelves in March 2021

LONDON, Ontario – March 5, 2021: Indiva Limited (the “Company” or

Wed
24
Mar

Why medical cannabis packaging poses accessibility challenges and how we can fix it

Opening medical cannabis packaging is complicated and difficult for many patients, and this is intentional.

The Cannabis Act was developed with the purpose of preventing youth access, protecting public health, curbing the illicit market and ensuring the medical stream is not misused. As a result, equity and accessibility often take a backseat.

“Packaging is a physical barrier to access,” says Ashleigh Brown, Founder and CEO of SheCann Cannabis, a community of over 5,000 patients. “We have had patients actually use hacksaws, pliers, or vice grips to get to their medication.”

Wed
24
Mar

New Brunswick Scraps Plan To Privatize Cannabis Industry

Canada is only one of two countries where cannabis is legal for adult use, along with Uruguay.

Uruguay was the first nation to legalize cannabis. However, its legalization model is more restrictive compared to Canada.

In Canada, the legal adult-use cannabis industry is open to anyone of legal age, whereas in Uruguay only residents can make purchases.

Within Canada, there are various sub-legalization models between provinces, with New Brunswick having a particularly unique industry model.

Mon
22
Mar

Canadian pot sales tumble 5.6% in January as COVID lockdowns, ease on spending weigh on retailers

It was a sluggish start of the year for Canada's cannabis market as sales fell by more than five per cent in January from the prior month, according to Statistics Canada. 
 

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