Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
31
Aug

BUSINESSVillage Farms International Inc (NASDAQ: VFF) Announces its Q2 2021 Financial Results Demonstrating a 38% Net Sales Growth, Thanks to Pure Sunfarms

marijuana leaf

When the World Health Organization declared COVID 19 virus a global pandemic, hundreds of businesses and markets worldwide fell apart. A majority of them enacted temporary closures. Others reduced operations, which meant relieving off some employees their duties. Finally, however, things have begun to show up if some businesses’ Q2 2021 Financial results are anything to go by. Take, for example, Village Farms International Inc (NASDAQ: VFF) 

Tue
31
Aug

2 Canadian Marijuana Stocks To Watch At The End Of August

stock market

2 Top Canadian Marijuana Stocks To Add To Your September Watchlist

A good amount of marijuana stocks are still dealing with the up and down trading that’s taking place. Now even with some cannabis stocks showing good entry levels investors want to see a bigger rise in the sector. From November 2020 through the first month and a half of 2021, many cannabis stocks were able to see a consistent climb in trading.

Mon
30
Aug

Why Canadian Cannabis Companies With US Operations Can Still List On NYSE & NASDAQ

wall street sign

With cannabis still being illegal on the federal level — classified as a Schedule 1 controlled substance with “no currently accepted medical use” — companies in the sector find it difficult, if not impossible, to list on major U.S. stock exchanges like the New York Stock Exchange (NYSE) and NASDAQ.

Neither of these stock exchanges accepts companies that sell cannabis in the U.S., even when operating in states where adult-use consumption is now legal. That’s because federal law trumps state law. And, with the feds and the state not being in sync on this important issue, confusion and controversy pop up on a regular basis. Is medical marijuana legal in nursing homes and assisted living facilities? Can sports leagues allow athletes to medicate with cannabis? What about the V.A.?

Mon
30
Aug

Indiva Limited Is One Of The Best Ways To Gain Exposure To The Canadian Craft Grower Trend

cannabis plant

The improvement in adjusted EBITDA can be attributed to Indiva reporting strong revenue growth. The better sales numbers were negatively impacted by higher operating expenses and we are not surprised by this increase. We are favorable on how the business has advanced and believe the business is well positioned to capitalize on a burgeoning vertical of the Canadian cannabis industry. 

A key aspect of the Indiva story is related to the relationship it has with leading US cannabis brands like Wana Sour Gummies and Bhang Chocolate. Going forward, we expect these brands to serve as a key growth driver for the business and are favorable on how sales numbers have been ramping up. 

Mon
30
Aug

Canadian cannabis companies getting creative with cross-border deals

Niagara falls Canada to USA bridge
U.S. companies have overshadowed their Canadian peers as more states legalize cannabis, but that may be changing.
The line that divides Canada from the U.S. is looking more and more illusory for the cannabis industry.

The 49th parallel used to be a big deal for marijuana growers. Canada’s legalization in 2018 spurred a generation of startups north of the border and investors flooded in with the hope they would follow the path of Canadian alcohol companies, which got a head start on U.S. competitors before prohibition was repealed.

Mon
30
Aug

Weed makes capsules, car parts, painkillers and even plastics

marijuana plant

Developed countries are falling over each other to legalise marijuana and its sister – industrial hemp. Kenya has a Bill laying eggs in Parliament over legalising the same. While marijuana and hemp are from the same cannabis family, they’re different: weed is a recreational, intoxicating substance, hemp, on the other end of the joint, is a sub-species of the cannabis plant with benefits of industrial proportions. 

Marijuana is used for recreation as it has a higher level of tetrahydrocannabinol, the psychoactive compound which leaves smokers feeling like touching the sky. Hemp has lower levels of tetrahydrocannabinol and thus not ideal for altering a person’s mental state via intoxication. 

Fri
27
Aug

Older, higher and fewer newbies: 4 new trends in Canada's cannabis market

smoking cannabis pipe

As Canada's cannabis market reaches another level of maturity, industry consultancy Brightfield Group sees a significant shift in how Canadian consumers engage with the product. Product usage and demographic profiles have shifted considerably since Canada legalized cannabis, offering producers and retailers alike a different perspective in what items could be a success or what could be deemed a failure. Here's a look at four trends observed by Brightfield in the Canadian market following a quarterly survey of 3,000 adult cannabis users released by the consultancy on Friday:

Fri
27
Aug

Can Canopy Growth Stock Soar? The Consensus Seems Mixed

stock graph showing increases

Among the growth sectors investors have largely lost focus on of late is cannabis. Indeed, the amount of discussion around companies like Canopy Growth (TSX:WEED)(NYSE:CGC) stock has dwindled of late. With meme stocks soaring, and so many other opportunities for outlandish growth present in today’s market, this makes sense.

However, one could argue that cannabis stocks were the original meme stocks. These companies garnered a tremendous amount of attention in previous years. Indeed, as Canada legalized recreational cannabis use, the expectation was that a Biden government would follow.

However, we haven’t seen anything concrete play out yet south of the border. Accordingly, investor interest has seemingly shifted to other high-growth sectors today.

Thu
26
Aug

True Leaf submits application to Health Canada for amended sales license

 

True Leaf Brands Inc. (MJ) (CSE.MJ, OTC: TRLFF, Forum) has announced it has submitted an application to Health Canada for an amendment to its Standard Processing License for the Sale of Dried Cannabis.

The amended license will permit True Leaf to sell its craft cannabis products directly to medical patients and retail distributors nationwide.

Darcy Bomford, CEO of True Leaf, commented:

Thu
26
Aug

The Cannabis Society to host worldwide hybrid conference this September

marijuana plant pink

The Cannabis Society is pleased to announce that they are hosting a worldwide hybrid conference covering two distinct topics: European Medical Cannabis and North American MSO Growth and Consolidation on Tuesday, September 21st, 2021. This one-day conference will start with discussions surrounding European Medical Cannabis and move into North American MSO Growth and Consolidation in the afternoon. 

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