North America

Mon
25
May

High Tide to Open Canna Cabana Storefront in Burlington

CALGARY, May 25, 2020 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (CSE:HITI) (OTCQB:HITIF) (FRA:2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, is pleased to announce that the Canna Cabana retail cannabis store located in Unit #2 at 2400 Guelph Line in Burlington, Ontario (the "Burlington Store") will be opening on Wednesday, May 27, 2020. It marks the sixth branded Canna Cabana location in Ontario and the Company's 35th retail cannabis store across Canada.

Mon
25
May

Here’s How Cannabinoids Quell Anxiety

Cannabis has powerful anxiolytic (anti-anxiety) properties, and when administered as-needed, can provide relief from several anxiety disorders.

Anxiety, like marijuana, comes with a stigma, but with the increasing impact of anxiety disorders on family life and the economy, it’s no wonder everyone seems to be looking for a salve.

The relationship between cannabis and anxiety disorders exists, but remains wholly misunderstood. Anxiety presents differently in every patient, and there is no definitive cure with conventional drugs, so just imagine something as variant as the cannabis plant.

Mon
25
May

Pure Sunfarms to Begin Roll Out of Vape Products this Summer

VANCOUVER, May 25, 2020 /CNW/ - Village Farms International, Inc.

Mon
25
May

Better Marijuana Stock: Canopy Growth vs. Green Thumb Industries

IMAGE SOURCE: GETTY IMAGES.

Which stock wins in a matchup between the biggest Canadian cannabis producer and one of the biggest U.S. cannabis operators?

If you're familiar at all with the cannabis industry, you've undoubtedly heard of Canopy Growth (NYSE:CGC). It's the biggest Canadian cannabis producer with the largest market cap of any pure-play pot stock on the market right now.

Fri
22
May

Aurora Cannabis (TSX:ACB): 5 Transformative Moves in May

Aurora Cannabis’s (TSX:ACB)(NYSE:ACB) management is frantically rushing against time to restructure the Canadian marijuana firm’s business so as to achieve a positive operating earnings target by the third calendar quarter of 2020. The company has so far announced five disposal and acquisition transactions in May. Will the latest strategic moves help management hit near-term profitability targets?

Fri
22
May

Researchers Say Newly Developed Cannabis Strains May Prevent COVID-19 Infections

Canadian scientists think they may have found a new way to prevent and slow COVID-19 with cannabis. But it’s not just any cannabis. Researchers at the University of Lethbridge in Alberta believe that they have developed particular strains of the plant that work to keep coronavirus from binding to cells and causing illness.

In a not yet peer-reviewed paper published in Preprints, the authors wrote, “The extracts of our most successful and novel high CBD C. sativa lines, pending further investigation, may become a useful and safe addition to the treatment of COVID-19 as an adjunct therapy.”

Fri
22
May

Canadian pot sales soar 19% in March amid supply concerns

Canadian cannabis sales soared in March as consumers stocked up on recreational pot amid supply concerns brought on by the COVID-19 pandemic. 

Statistics Canada said Friday Canadians bought $181 million worth of cannabis in March, up 19.2 per cent from the prior month, marking one of the biggest monthly jumps since recreational pot was legalized in October 2018. 

Canadians flocked to licensed cannabis stores across the country in March ahead of planned government-mandated shutdowns aimed at curtailing the spread of COVID-19. However, most pot stores remained open as provinces such as Ontario allowed retailers to offer curbside pickup and home delivery services.

Fri
22
May

Here's How Canada Blew Its Chance to Be a Cannabis Leader

 

Despite being the first industrialized country to legalize adult-use pot in the modern era, Canada's ambitions of being a marijuana leader have gone up in smoke.

For years, cannabis stocks were virtually unstoppable. Following a more-than-tripling in worldwide sales between 2014 and 2018 to $10.9 billion, Wall Street and investors sent pot stock valuations into the stratosphere.

At the center of this growth trend was Canada. Even though the U.S. offered far more potential in dollar terms, Canada, as the first industrialized country to legalize adult-use sales, appeared ready to lead the global marijuana market into its next chapter.

Thu
21
May

Did You Give Up Too Soon on Marijuana Stocks?

The COVID-19 pandemic has wreaked havoc on the global economy. For most businesses, the struggle is continuing, while a few -- like those in the healthcare sector -- are comparatively secure, with the companies within working to fight the crisis. Healthcare might be a predictable safe space amid the pandemic, but there's one flourishing sector that's more of a surprise: marijuana. 

Thu
21
May

When Will We See Some Major U.S. Cannabis Brands Roll Out In Canada?

Before COVID-19 took over the headlines, one of the hottest topics was the cannabis 2.0 opportunity in Canada. Cannabis 2.0 refers to a change in the regulations in Canada that allows for the sale of cannabis derivative products (i.e. edibles, drinkables, vape pens, concentrates, salves, and more).

There are a number of reasons to be excited about cannabis 2.0 and we want to quickly highlight this. First, the margins that are associated with cannabis derivative products tend to be higher. Second, with excess inventory on hand, producers can use the additional input to develop new products. And finally, consumer demand for these types of products is high.

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