Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Thu
28
Jan

CannTrust enters pact to settle class action lawsuits from illicit production scandal

CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada.

The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.

The company said that the "restructuring support agreement" it entered into with plaintiffs still needs to be negotiated to finalize "in good faith."

Thu
28
Jan

Canadian companies pushing the cannabis envelope

COVID-19 might be keeping many Canadians indoors and idle, but the activity has not slowed for a number of cannabis providers who continue to identify new and innovative approaches to benefit marijuana consumers.

Consider what’s going on in Quebec. ROSE LifeScience Inc. — a private company created in 2016 that is committed to ensuring its home province benefits from the responsible production, sale and use of cannabis — has launched Quebec’s first cannabis micro-producer, according to the company.

Wed
27
Jan

A Slow Burn: The Cannabis Sector May be Ready for Market Consolidation

The first half of 2020 saw a significant decline in M&A activity as capital markets were impacted by the COVID-19 pandemic, but the second half of the year saw a surge in M&A activity that is expected to continue into 2021. One industry that may be particularly well primed for M&A activity in 2021 is the cannabis industry, where market consolidation is already underway.

Wed
27
Jan

Cannabis use rises in pandemic

During the first wave of the COVID-19 pandemic, more Canadians were using cannabis, according to a report from the Centre for Addiction and Mental Health (CAMH).

Fifty-two per cent of those who had consumed cannabis in the previous week said that they were consuming it more than they were before the pandemic. The median usage rate for these people was about four days a week.

The results match those of a July 2020 report from the Canadian Red Cross which noted that many Canadians who consume alcohol or cannabis are indulging more during the pandemic.

Mon
25
Jan

A billion grams of unsold legal pot may spell further woes for the industry

There's a billion grams of cannabis stuck in vaults across Canada. The billion dollar question now is: What do you do with all that legal pot? 

Health Canada released industry-wide cannabis data for October earlier this week showing that about 1.1 million kilograms of cannabis are being stockpiled by producers nationwide. 

That's an all-time high for the sector, following the second legal harvest of outdoor cannabis in Canada. That harvest pumped an additional 220,461 kilograms of legal pot into the market, up 67 per cent from the previous month.

It's a glut that continues to weigh heavily on the industry, possibly spelling further writedowns and facility closures in the months to come, analysts say. 

Mon
25
Jan

Canadian cannabis retail sales top $261 million in November

The latest numbers from Statistics Canada show retail pot sales in Canada reached more than $260 million for the month of November.

It’s a slight dip from the previous month when nationwide sales reached more than $270 million, but a 93 per cent increase from a year ago, reports  New Cannabis Ventures.

In Nov. 2019, Canadians bought $135 million worth of cannabis.

Mon
25
Jan

Canadian study finds almost half of medical cannabis users with chronic pain stopped using opioids

A Canadian study of patients seeking medical cannabis to treat chronic pain found that women reported more pain intensity than men and that opioid use was almost halved for those who remained in the study until the end.

“Female sex was significantly associated with worse outcomes than male sex, including pain intensity and pain-related interference,” while opioid use decreased by almost half, from 40.8 per cent at baseline to 23.9 per cent at 12 months, notes the study published in the Canadian Journal of Anaesthesia.

Fri
22
Jan

3 Top Canadian Stocks to Buy in 2021

Although the Canadian equity markets are trading closer to their all-time high, the rally in the following three stocks could continue, given their large addressable market and expanding market share.

Fri
22
Jan

CannTrust enters pact to settle class action lawsuits from illicit production scandal

CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada.

The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.

The company said that the "restructuring support agreement" it entered into with plaintiffs still needs to be negotiated to finalize "in good faith."

Thu
21
Jan

CannTrust enters pact to settle class action lawsuits from illicit production scandal

CannTrust Holdings Inc. said Wednesday it will put $50 million into a trust that will be earmarked for investors who filed class-action lawsuits against the company after it received a non-compliance order from Health Canada.

The move is to cover claims stemming from a production scandal that led federal regulators to suspend its ability to grow and produce legal pot.

The company said that the "restructuring support agreement" it entered into with plaintiffs still needs to be negotiated to finalize "in good faith."

Pages

Subscribe to RSS - Canada