Ontario

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Fri
19
Nov

HEXO Announces Changes to its Board of Directors

Hexo logo

HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NASDAQ: HEXO), today announced that Sebastien St-Louis has resigned from HEXO’s Board of Directors. The Company also announced that it has appointed President and CEO, Scott Cooper, as a Director to replace Sebastien St-Louis, effective yesterday.

“I would like to take this opportunity to thank Sebastien for over eight years of service on HEXO’s Board of Directors. Through his years of dedication, he has helped build HEXO into a market leader in Canada.” said Dr. Michael Munzar, Chair of the Board.

Fri
19
Nov

Canopy Growth Announces Changes to Executive Management Team

Canopy Growth logo

Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, today announced strategic changes to its Executive Management Committee. Effective immediately, Mike Lee, Executive Vice President and Chief Financial Officer, and Rade Kovacevic, President and Chief Product Officer will be stepping down from their respective roles on the Executive Management Committee and will depart from the company on December 31, 2021. In the interim, they will serve in an advisory capacity to support transition.

Wed
17
Nov

Ontario police charge 21 people after bust uncovers $32M in illegal cannabis Social Sharing

 

 

Health Canada-approved buds included in drugs found after 16-month investigation, police say

Ontario police have charged 21 people after seizing cannabis valued at $32 million that allegedly includes Health Canada-approved marijuana, as part of an investigation that began in June 2020. Ontario Provincial Police worked with multiple police forces as part of Operation Gainsborough. On Tuesday, investigators described how the accused were running websites selling cannabis from registered growers, and delivering the drugs to customers in London, Kitchener, Hamilton and Toronto. Police allege products were also being sold internationally. 

Tue
16
Nov

The Niagara Herbalist Announces Cannabis Packaging Buy-Back Program

customer buying cannabis

As Canada’s cannabis industry booms, it’s also creating a tremendous amount of packaging waste – Today, The Niagara Herbalist announces their Cannabis Packaging Buy-Back Program. They will be accepting returns of all recyclable cannabis packaging purchased at any licensed dispensary in the province.

Mon
15
Nov

Aurora targets premium, medical pot in Canada’s ‘irrational’ recreational market

cannabis plant in yellow background

With all due respect to Netflix's Stranger Things, it's easy to understand why Aurora Cannabis Inc.'s Chief Executive Officer Miguel Martin considers Canada's recreational marijuana market to be upside down right now. 

"At least for the moment, it's completely irrational," Martin told BNN Bloomberg in an interview shortly after the release of Aurora's fiscal first-quarter results. 

"When you have situations where with 28-gram discount flower, people are losing money, you've got to choose do you want to be profitable or do you want to have a 15 (per cent market) share?"

Fri
12
Nov

Cannabis seized from vehicle in Lindsay, man and youth charged: police

seized cannabis products

Two people were arrested after cannabis was seized from a vehicle in Lindsay, Ont., Wednesday afternoon.

According to the City of Kawartha Lakes Police Service, officers responded to a mischief complaint in the area of Riverview Road in Lindsay at around 1:55 p.m. Nov. 10. (image source: City of Kawartha Lakes Police Service)

Police say an officer located a vehicle parked in the area with three occupants.

The officer spoke with the occupants and noticed a “large quantity” of cannabis in the vehicle, police said. A quantity of cannabis products and cash were seized.

Fri
12
Nov

Five charged in cannabis bust

illegal grow op

The Ontario Provincial Police Community Street Crime Unit and North Bay OPP Crime Unit seized about 3,700 cannabis plants worth an estimated $3.7 million after executing a warrant at an industrial building Wednesday on Exeter Road in North Bay.

“As a result of the warrant being executed, police seized approximately 3,700 cannabis plants at various stages of growth as well as numerous drug-related paraphernalia,” OPP said in a media release.

Five people inside the building were arrested and charged.

Yihua Zheng, 58, of North Bay and Qui Yan, 33, of Markham was charged with cultivating cannabis plants at a place that is not their dwelling and fraud under $5,000.

Tue
09
Nov

These May be Some of the Top CBD Skincare Stocks to Consider for 2022

applying skin cream

The global CBD skincare market is booming. According to Grand View Research, the market was valued at $234.1 million in 2018, and is expected to grow at a CAGR of 32.9% from 2019 to 2025. That’s a strong catalyst for companies such as Ayurcann Holdings Corp. (CSE: AYUR)(FSE:3ZQ0), The Valens Company (TSX:VLNS)(OTC:VLNCF), Auxly Cannabis Group Inc. (OTC:CBWTF)(TSX:XLY), Tilray Inc. (NASDAQ:TLRY), Medipharm Labs Corporation (OTC:MEDIF) (TSX:LABS). In addition, Grand View Research notes, “CBD is considered safe and effective for all skin types but is particularly useful for people who struggle with sensitivity, inflammatory conditions, acne, and dryness related to skin.

Mon
08
Nov

Canadians want affordable weed. Retailers are listening

rolling a joint

Exclusivity, discount bud and a Costco-style membership model are a few ways retailers are competing with the illicit market.

Around October of last year, the legal cannabis industry reached a turning point in Canada’s most populous province.

For the first time, the price of pot from the provincial wholesaler, the Ontario Cannabis Store, dipped below the average price on the illicit market. According to the latest quarterly report from the OCS, that gap has continued to widen . The average gram on the OCS.ca is now $6 versus $8.51 on the illicit market and $8.28 at brick and mortar retail shops.

Mon
08
Nov

Toronto Police Allegedly Seized Cannabis Edibles That Look Just Like Normal Candy

confiscated weed that looks like candy

If you're reaching for a bag of Cheetos and not an edible, you may be fooled by this unlicensed dispensary's packaging. 

Toronto police allegedly seized "a quantity of cannabis products that were packaged and labelled to replicate mainstream candy products for public consumption" on November 5, according to a news release. ​(image source: Toronto Police)

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