Canada

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Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
06
Jun

Good profits, the cannabis trade gave Canada over $ 35,000 million

cannabis

After legalizing marijuana recreational use three and a half years ago, Canada became the first G7 and G20 country to take that step. Therefore, much of the understanding of the impact of currency devaluation on the economy of a country that chooses this path comes from the results shown by the Canadian experience.

Fri
03
Jun

Could US cannabis reform help the Canadian market?

map

A panel of experts at the latest Lift Expo discussed whether US cannabis reform will be able to help Canada's ailing producers.

Cannabis reform in the US could open the doors to market stabilization in Canada, experts believe.

The cannabis industry has long been eager to see reform in the US for obvious reasons. But beyond that, federal changes may bring a much needed re-evaluation and appreciation for players in Canada.

During an investment panel at the most recent Lift Expo in Toronto, a group of experts discussed how proposed policies like the SAFE Banking Act could in the long run also help Canada.

Fri
03
Jun

Why Aurora Cannabis stock couldn't catch fire today

man smoking joint

 

Investors weren't cheered by yet another round of capital-raising by the Canadian pot company.

 

 

What happened

In the habitually money-losing marijuana industry, new stock issues are a way of life for companies constantly hungry for fresh capital. While investors are accustomed to this, they don't particularly like it. Case in point: On Tuesday, Aurora Cannabis (ACB -3.40%) declined 5%-plus after it announced the closing of its latest issue.

So what 

Aurora said that morning that it has raised gross proceeds of roughly $172.5 million from the issue, which technically isn't a stock flotation.

Thu
02
Jun

Spotlight: Susan Dupej on the state of cannabis tourism in Canada

woman

"[Regulators] missed the mark on consumption and that's really showing up as an issue for tourism because tourism overlaps so intimately with spaces of social public consumption"

Susan Dupej was at a crossroads as she neared the completion of her Ph.D. in Geography from York University in 2016.

She knew she wanted to work in academia but she was unsure about the focus of her research. With the groundwork of legalization taking shape, Dupej began to think about what legal pot might mean for Canada’s tourism industry. As part of her Ph.D. research, she studied the relationship between cannabis, culture and tourism.

But before becoming a full-time cannabis researcher, she wanted to open up about her connection to the plant.

Wed
01
Jun

New Report warns excise taxes are destroying Craft Cannabis Cultivators

calculator

A new report calls Canada’s excise tax regime “the greatest systemic threat” to cannabis producers, and builds on three years of market data to illustrate that under the current structure, craft cultivators that have put it all on the line to go legal may not be able to survive.

In Canada, excise duties or “sin taxes” on cannabis are paid by producers, who remit either $1 per gram or 10 percent of their sale price on dried cannabis; whichever is higher. (In most legal U.S. jurisdictions, cannabis taxation tends to happen at the point of sale.)

Wed
01
Jun

Boston Beer Co. to launch cannabis-infused Iced Teas in Canada

logo

Good Day Iced Tea contains 5 milligrams of THC 

The Boston Beer Co. Inc. is launching a line of cannabis-infused iced teas under the brand TeaPot.

TeaPot is the company’s first infused beverage offering and will launch in July in select Canadian provinces. The drink blends tea with specific cannabis strains to enhance specific times of the day. Its first release, Good Day Iced Tea, is made with real lemon black tea and infused with Pedro’s Sweet Sativa, grown in Ontario by licensed producer Entourage Health Corp.

Each 12-ounce can of TeaPot contains 5 milligrams of THC and is crafted to minimize any cannabis taste or aroma. TeaPot will introduce additional varieties in the coming months.

Wed
01
Jun

Consumer advocacy organization pushes back on Health Canada’s proposal to restrict vape flavours

girl vaping

“Flavour restrictions either work or they do not when it comes to preventing youth use. You cannot say they’re needed for nicotine vaping but not alcohol and cannabis.”

The Consumers’ Association of Canada (CAC), a non-profit founded in 1947, has released polling data it hopes will lead to a more thorough consultation with the public as Health Canada looks to restrict flavoured vaping products.

The memo is in response to a public consultation that the federal agency conducted in 2019 about restricting vaping product flavours as a means of making the products less appealing to youth.

Tue
31
May

Canada’s big banks see positive outlook while cannabis growers struggle with latest earnings. Here are the past week’s winners and losers

bank

The bank always wins, and last week was no exception. Among the many quarterly earnings released by Canada’s major financial institutions, Scotiabank’s stood out for a 12 per cent profit increase compared with those in the same quarter a year earlier. Analysts found a bright spot in Scotiabank’s commercial lending programs, where loan balances grew 19 per cent in the second quarter.

Long one of the top performing stocks on the TSX, the Toronto-based waste management company held its annual investors day last week. The company predicted growth in its future — deploying between $500 million and $1 billion annually on acquisitions, and organic revenue growth of roughly five per cent per year.

Mon
30
May

Industry lobby group to focus on taxation, regulation changes in Ottawa meet-and-greet

tax

Canada’s cannabis industry has a tax problem. 

While the industry may have been happy to accept an onerous excise tax regime in exchange for Canada’s legalizing recreational cannabis sales back in 2018, fast forward to today and those fees have become an anchor that has dragged down the country’s producers, both large and small, which have struggled to become profitable.

Fri
27
May

Aurora Cannabis Inc. announces US$125 million bought deal financing

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Aurora Cannabis Inc. ("Aurora" or the "Company") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today has announced today that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 51.1 million units of the Company (the "Units"), at a price of US$2.45 per Unit for gross proceeds of approximately US$125.2 million (the "Offering"). Each Unit will be comprised of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant").

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