Cannabis Technology News

Synonyms: 
technological
tech
technology
Fri
26
Oct

The undervalued and expanding Terra Tech Corp (OTCMKTS:TRTC) set for a comeback

There has been a lot happening in the cannabis space over the past week: Canada legalized the recreational use of the drug federally and the sales from the first day turned out to be great. However, this same period has seen some cannabis stocks plummet in price, bringing to question the reason for this. Generally, share prices are associated with the expected future gains from a stock. For shares to plummet, the expected future gains are either lower than expected or the expected future losses are expected to rise.

Fri
26
Oct

Shopify plots online cannabis-sales domination after Canada's debut

Shopify Inc.’s (SHOP.N, SHOP.TO 12.13%) market lead in Canadian online cannabis sales should give it a leg up as other countries begin to legalize the drug for medical and recreational use, Chief Executive Officer Tobias Lutke said.

Tue
23
Oct

GrowForce, Mi'kmaq Chiefs and AtlantiCann Medical Inc. open maritime cannabis cultivation and extraction facility

A new, state-of-the-art cannabis cultivation and extraction facility has opened in Halifax. GrowForce, a Canadian-based company that operates a complete seed-to-sale cannabis platform under Health Canada’s Cannabis Act, and Halifax-based AtlantiCann Medical Inc. (AMI), a licensed producer and member of the BANC group of companies, announced the opening of their newly built, 48,000 sq ft facility at the official ribbon cutting ceremony.

Tue
23
Oct

Cannabis vaping startup Pax raises $20 million

Passing a joint is becoming increasingly passé. Pax Labs Inc., a San Francisco-based startup that makes marijuana vaporizers, raised US$20 million from investors, Chief Executive Officer Bharat Vasan said on Monday. The company declined to provide the valuation.

Pax, part of a rising tide of marijuana device companies, makes internet-connected vaporizers that allow users to control how high they get when consuming the drug. The company’s sleek devices look like highlighter pens or USB sticks, and are operated through an app. Vapers can tinker with the app’s settings to puff a thicker plume of smoke, or lower the device’s LED light to be more discreet when inhaling in public.

Fri
19
Oct

Meet your e-dealer: Shopify confident its online tech can handle cannabis demand

If the rollout of legal recreational marijuana goes (more or less) smoothly this week, an Ottawa-based tech firm will be able to claim at least some of the credit.

Canadian cannabis-fanciers are expected to log on in large numbers to buy the product online after it becomes officially legal one minute after midnight tonight. In four provinces, that online shopping experience will be shaped largely by a single company: Canadian e-commerce giant Shopify.

The company was chosen to design the retail platform for online sales in Ontario, British Columbia, Prince Edward Island and Newfoundland and Labrador.

Shopify's Vice-President and General Manager Loren Padelford laughed when asked whether he thinks he's joining the marijuana trade this week.

Sun
14
Oct

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.

Fri
12
Oct

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. 

Thu
11
Oct

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.  

“Over 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,” MPX Bioceutical CEO W Scott Boyes said in a statement.

Mon
08
Oct

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.

Fri
05
Oct

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.

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