Ontario

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Tue
18
Jan

Man cooking hash oil sparks explosion strong enough to damage Ontario hotel

cannabis

Police seize a little more than $4,000 in drugs after blast.

A 51-year-old man who was cooking hash oil at a local hotel in Sudbury, Ont. had to receive treatment after his clandestine culinary caper sparked an explosion.

Mon
17
Jan

Sundial Growers Stock in 2022: Skyrocket or Crash?

stock numbers

This year will be a big test for cannabis company Sundial Growers (NASDAQ: SNDL). With one recent acquisition closed and another that could be complete in the next few months, the business is undergoing some significant changes that will likely dictate the direction of its share price this year.

In 2021, its stock was up over 400% at one point and ended up finishing the year with a 22% gain -- far better than the Horizons Marijuana Life Sciences ETF, which fell 19%. Can Sundial continue to outperform the broad marijuana index, or will 2022 be a tougher year for the stock?

Why its shares could skyrocket

There are multiple scenarios where I can see Sundial having a great year.

Mon
17
Jan

Cannabis seizures at Michigan ports skyrocket 2,800 per cent over last two years

bridge in michigan

Customs and Border Protection confiscated 6,497 kilograms of weed in fiscal 2021.

The Canada/U.S. border is traditionally a fairly busy place, but the Michigan links have proved a particular hot spot over the last couple of years when it comes to cannabis.

New figures from U.S. Customs and Border Protection (CBP) reveal that marijuana seizures skyrocketed 2,800 per cent in fiscal 2021 since fiscal 2019 at Michigan’s five ports of entry, reports the CBP’s field office in Detroit. The figures relate to the Ambassador Bridge, the Detroit Windsor Tunnel, the Blue Water Bridge, the International Bridge and Detroit Metropolitan Airport.

Wed
12
Jan

‚ÄėOperation Mad Money‚Äô Reveals Ties Between Illegal Weed and GTA Real Estate

Toronto

There are now calls for a public inquiry and heightened transparency after a drug and money laundering investigation called ‚ÄúOperation Mad Money‚ÄĚ shows links to the Greater Toronto Area (GTA).¬†

The investigation reveals connections between illegal marijuana sales and Toronto’s red-hot real estate market, as CTV News Toronto reports. 

Mon
10
Jan

Canntab Delivers 1st Shipment to the Ontario Cannabis Store and 2nd Shipment to Australia

bottle

 

Canntab Therapeutics Limited (CSE:PILL.CN) (OTCQB:CTABF) (FRA:TBF1.F) (the "Company" or "Canntab"), a leading innovator in cannabinoid and terpene blends in hard pill form for therapeutic applications, is pleased to provide an update on its recent product deliveries for Ontario and Australia.

On January 7, 2022 Canntab completed its first shipment of 5 mg THC tablets to the Ontario Cannabis Store ("OCS"). Additionally, in early December 2021, Canntab completed its second shipment of both THC and CBD tablets to Australia.

Fri
07
Jan

Cannabis Producer CannTrust Prepares for Potential Wind-Down

cannabis

CannTrust Holdings Inc., the troubled Canadian cannabis producer whose former executives have been charged with fraud, is preparing to wind down if it can’t find a way to fix a default by the end of the month. The Vaughan, Ontario-based company breached a minimum earnings covenant on its C$22.5 million ($17.7 million) bankruptcy loan, and is currently in negotiations with potential investors and strategic partners over ways to address the default and its liquidity shortfall, according to a Thursday statement.

Fri
07
Jan

CBSA and RCMP intercept boat, leads to seizure of over 200 kilograms of suspected cannabis

RCMP

The Canada Border Services Agency (CBSA) and Royal Canadian Mounted Police (RCMP) work together to uphold laws governing the illegal cross-border movement of contraband goods, including cannabis. While legal in Canada, the unauthorized movement of cannabis across Canada's international borders remains a serious criminal offence, subject to enforcement up to and including criminal investigation and prosecution. Unauthorized cannabis can be dangerous as it is not regulated, may contain elements that are harmful to human health, and should not make its way to Canadian communities.

Fri
07
Jan

Ontario saw nine times more ER visits for cannabis poisonings in kids after legalization

gummies

A new study has found that Ontario saw nine times more emergency department visits per month for cannabis poisonings in young children after Canada legalized recreational cannabis.

The study, published Friday in JAMA Network Open, found that there were "more frequent and severe" emergency department (ED) visits in the province due to cannabis poisoning in children under the age of 10 following legalization, with the largest increase seen after commercial cannabis edibles hit the market.

While individual hospitals have reported on child cannabis poisonings before, researchers say this is the first study to look at the data for an entire region.

Thu
06
Jan

High Tide expands retail presence in Hamilton cannabis market

cannabis

High Tide (NASDAQ:HITI) announces the opening of its third Canna Cabana retail cannabis store in Hamilton, Ontario.

The store starts selling recreational cannabis products and consumption accessories for adult use, representing High Tide's 106th branded retail location across Canada, and 32nd in Ontario.

Also, the retailer reports a nearly 47% growth in Cabana Club's membership over the three months period.

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