Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
24
Sep

Canadian cannabis retail sales set record in July

cannabis sign

Retail cannabis sales in Canada continue to rise, with sales in July approaching $340 million, a new record.

The latest numbers from Statistics Canada show that sales have continued to climb, month over month, since March.

Fri
24
Sep

Cannabis Sales Hit Record High In Canada: $268M In July Alone

canadian flag with cannabis

 

 

The year 2020 saw triple-digit growth in Canada’s legal cannabis market, which was largely driven by:

Thu
23
Sep

More Women Using Marijuana Products to Help With Menopause

women smoking cannabis

- Sleeplessness. Night sweats. Anxiety. Irritability. Aches and pains.

Would smoking a little pot help women deal with these common symptoms of menopause?

A good number of middle-aged women apparently think so, because they've been turning to marijuana to help handle the change of life, a new study reports.

"Midlife women within the menopause transition period of their life are using cannabis, and they're using it for symptoms that tend to overlap with menopause," said lead researcher Katherine Babyn, a graduate student at the University of Alberta in Canada.

Wed
22
Sep

Stifel Has Negative Outlook On Canadian Cannabis

Stifel analysts W. Andrew Carter, Christopher Growe, and Matthew Smith issued a huge report September 2021 report updating investors on their outlook for the cannabis industry. The group lowered estimates and price targets on several companies. The group also noted they have a negative outlook on the Canadian cannabis industry and Canopy Growth in particular. With regards to the U.S. market, the analysts don’t believe the current administration will change the legality of the industry but believe this is actually a positive thing.

Wed
22
Sep

The Best Countries For Cannabis Tourism in 2021 and 2022

toy plane on a map

As vaccination rollouts become more efficient and travel restrictions ease up, and as a result, many avid pothead travellers will want to know the best countries for cannabis tourism in 2021 and 2022.

Lighting up in the comfort of your home brings a special kind of contentment many potheads are familiar with, but after two years of lockdown and on-and-off quarantines, even the most introverted of us may be itching for a change in scenery.

Wed
22
Sep

Leading Cannabis Innovator Sees 50% Growth in a Busy September

warehouse

In mid-September, the innovator of ethnobotanical and cannabis science products recorded a preliminary unaudited provincial wholesale sell-through in August 2021 of nearly $1.7 million.

This represents a 27% increase over the prior three-month average and puts year-to-date brand sales for the first eight months of 2021 at approximately $8.7 million compared to $6.7 million for all of 2020.

Driven by product line extension, new market expansion, and effective consumer marketing, the company noted that the wholesale sales for its retail brand, Phyto Extractions brand had reflected a strong affinity f or its products by Canadian consumers and retailers across the country.

Wed
22
Sep

300 Entertainment’s Kevin Liles Leads $4 Million Fund for Canadian Cannabis Brand Burb’s Expansion

300 Entertainment CEO/founder Kevin Liles is making a sizable investment in Vancouver-based cannabis lifestyle company Burb as it closes a $4 million Series A funding round led by Connecticut-based private equity group KarpReilly. (Photo Credit: Evan Agostini/Invision/AP)

For Liles, the combination of cannabis and music is a natural fit. As a Def Jam executive, Liles’ bonafides go back to his professional relationship with Jay-Z, himself an investor in cannabis, and overseeing Method Man and Redman’s 2001 film debut, “How High,” and the duo’s short-lived 2004 Fox series, “Method and Red.” 300 Entertainment, which Liles cofounded in 2012 with music biz vets Lyor Cohen, Roger Gold and Todd Moscowitz, is home to Megan Thee Stallion, Young Thug and Ambar Lucid, among other acts.

Tue
21
Sep

Could This Little-Known Pot Stock Double Your Money?

stock trending up

 

There are many cannabis companies that are looking to be big players in the industry. And if you can find a small, relatively unknown marijuana stock that has plenty of growth potential, it could be an opportunity to double your money.

One stock that investors should have on their radars right now is cannabis retailer High Tide (NASDAQ:HITI). The Canadian-based marijuana company began trading on the Nasdaq on June 2. With exposure to the U.S. pot market, it holds an advantage over many other marijuana stocks that operate in just one country. Below, I'll look at whether this is a business you should consider investing in today.

Tue
21
Sep

Saint Regis Mohawk Tribe taking applications for cannabis retail licences

The Saint Regis Mohawk Tribe (SRMT) in New York is hoping the issuing of Tribal Cannabis Retail Licences will lead to the establishment of a legal industry, which will then, in turn, fund local essential services, such as education and elder support.

The tribe first announced in July that it would allow for local entrepreneurs to grow and sell their own cannabis plants and products. That news came after the state of New York legalized the recreational use of cannabis earlier in March. It’s not expected to issue retail licences for another 18 months to sell cannabis, however.

Tue
21
Sep

MMJ Group receives offer for its investment in cannabis extraction company Embark Health

MMJ Group Holdings Ltd (ASX:MMJ, OTC:MMJJF) has given its tacit agreement to an offer from BevCanna Enterprises Inc to acquire its investee Embark Health.

Embark Health is a Canada-based cannabis extraction business that has been making solid strategic business progress throughout 2021 as it eyes off a public listing, while BevCanna is a health & wellness beverage and natural products business listed on the Canadian Stock Exchange.

MMJ’s investment in Embark consists of shares and the current value stands at approximately C$2.4 million. MMJ expects that its share of the deal would approximate the current book value of its investment.

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