Cannabis Technology News


Scientists hoping to 'brew' pot

Scientists are hustling on behalf of the marijuana industry to find new ways to produce the most valuable compounds in marijuana, ditching greenhouses in favor of big steel vats of yeast that can "brew" cannabis like Budweiser brews beer.

The science, once it hits the market, would be a gold mine for those who perfect it, giving two separate industries -- pharmaceutical and legal cannabis -- stable, potent and cheap sources of the ingredients they need.


Robo pot: Aphria says automation key to low-cost cannabis production

On the eve of legalized recreational marijuana and concerns about supply shortage, one of Canada's largest producers believes automated machines will be the key to producing more cannabis. 

Leamington-based Aphria currently has supply agreements with every province and Yukon, boasting about plans to produce roughly 20,000 kilograms of marijuana a month by spring.

As they expand their footprint to 3 million square feet, they're constantly looking at automation to reduce costs and maintain quality, said co-founder John Cervini.

"It's what's made us the low-cost producer, helped us to maintain that low-cost producer status," he said during a recent tour of the facility. 


Canadian medical marijuana company MPX Bioceutical uplists to OTCQX exchange

MPX Bioceutical Corp (CSE:MPX, OTCMKTS:MPXEF) announced Wednesday that shares of the Canadian medical marijuana company have moved to the OTCQX market.

Stocks that trade on the OTCQX meet more stringent qualification criteria compared to other over-the-counter stocks that trade in the OTCQB Venture and more speculative Pink Sheets.  

‚ÄúOver the past year MPX experienced significant operational changes and reached many corporate milestones, growing its Arizona footprint, acquiring cultivation, production and kitchen facilities in Nevada, opening its first cannabis dispensary in Maryland and expanding into Canada,‚ÄĚ MPX Bioceutical CEO W Scott Boyes said in a statement.


Canada’s Grow Tech Labs (GTL) & Launch Academy to support blockchain innovation in cannabis industry

Cannabis stocks have been on the rise this year ranking among the best portfolios so far. This comes as Canada legalized the use of recreational marijuanawhile more states within the U.S are following the same path. Grow Tech Labs, a subsidiary of the Victory Square Technologies that was formed to accelerate the innovations within the Cannabis industry, recently collaborated with Launch Academy enhance efficiency.


Imex Systems is one to watch for cannabis investors

Cannabis is expected to be a multi-billion industry in Canada once recreational legalization occurs later this month. As with any sector, but especially one that is highly regulated such as marijuana, good governance will be the key to any company’s success and is a factor that should be taken seriously by all cannabis investors.  As Licensed Producers are set to compete with one another based on product and price, companies providing cannabis industry infrastructure, as well as tools to improve governance, could become the big winners in this space. Governments will be reliant on technology to effectively regulate this sector, one that has serious health implications for its citizens.


Cannabis accelerator Grow Tech Labs partners with Launch Academy, Western Canada’s leading incubator

Victory Square Technologies Inc. recently announced that its newly established cannabis accelerator Grow Tech Labs is joining with Launch Academy to develop cannabis innovation, entrepreneurship, and investment.


Vitalis Extraction Technology becomes Canada’s first ASME certified cannabis extraction equipment manufacturer

 Vitalis Extraction Technology, one of the largest supercritical CO2 extraction equipment manufacturers serving the international cannabis industry, recently claimed the title as Canada’s first and only American Society of Mechanical Engineers (ASME) BPV certified extraction original equipment manufacturer (OEM) in the cannabis industry.


Cova Software announces plan to retain retail cannabis data in Canada

Retail cannabis point of sale software company and part of the iQmetrix group, Cova Software today announced plans to help retailers in Canada improve protection of retail data and Canadian consumer information by migrating all Canadian cannabis retail data to Azure Canada-Central located in Toronto. The move is set to begin on Sept. 27.

Currently, Cova hosts its data in the United States, which is in compliance with PIPEDA and relevant provincial legislation. However, ahead of legalization on Oct. 17, Cova is creating a footprint in Canada to host all customer Personally Identifiable Information (PII). After the move, all Canadian customer data will remain in Canada.


Marijuana platform launches rewards program for pot users

A Toronto-based marijuana community platform has launched a rewards program for pot users that offers points in exchange for product reviews.

Starting on Oct. 17 when the sale of recreational marijuana is legalized in Canada, Lift & Co. Corp. will reward cannabis users who share their experiences on the platform in the form of product reviews.

The points can then be redeemed for discounts on cannabis products or gift cards from retailers that include Starbucks Corp., Amazon Inc., Apple Inc.’s iTunes and Indigo Books & Music Inc.


Is Shopify a threat to Canadian online cannabis retailer Namaste Technologies?

With less than a month for the legalization of recreational cannabis in Canada to take effect, investors continue to closely watch the pot stocks in the country. Namaste Technologies, (CVE:N), a leading online cannabis retailer, is one of the many cannabis stocks that have witnessed a surge in its stock price over the last one year in the anticipation of the revolutionary move. The company, which currently sells only vaporizers and other accessories for consumption of medical cannabis, plans to enter the recreational cannabis space through its partnerships with various Licensed Producers (LPs) in Canada and abroad. However, some of the key provinces in Canada have recently chosen Shopify as their partner to facilitate online and in-store sales of recreational cannabis.


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