Marijuana Business News

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stocks
business
Fri
21
Sep

Coke and cannabis: The big guys are muscling into this new market

Coca-Cola is the latest major corporation to make a move into the cannabis industry. Expect more in the coming years.

Fri
21
Sep

Have a rare look inside a cannabis production facility in southeast Calgary

Inside a nondescript building in a southeast Calgary industrial park, David Isaak and his small team at Boaz Pharmaceuticals spend their days cultivating a unique product — hand-crafted cannabis. 

Currently in the first phase of operation, Boaz received a licence to produce cannabis from Health Canada on June 28 — a process completed in just 10 months.

The 20,000 square foot facility now has one nursery room — where clones are created from mother plants — and two production pods — where the cloned plants are grown to produce marijuana flowers, or buds.

Plans are to ramp that up to four nurseries and 20 production pods when the company moves to the second phase of operations.

Fri
21
Sep

Canadian online cannabis retailer Namaste Technologies' strategy for recreational marijuana market

Namaste Technologies (CVE:N) is a global technology leader in the cannabis space, selling vaporizers and other accessories for consumption of medical cannabis through its 30 e-commerce websites across 20 countries. Despite the buzz around the legalization of recreational marijuana in Canada, the company continued to focus on the medical side of cannabis until very recently. However, now that there is clarity regarding the rules and regulations that will govern the recreational cannabis market, the online retailer has taken a proactive approach to capitalize on this vast opportunity. In this note, we discuss how Namaste plans to tap into the upcoming recreational cannabis market in Canada.

Fri
21
Sep

Canadian online cannabis retailer Namaste Technologies' strategy for recreational marijuana market

Namaste Technologies (CVE:N) is a global technology leader in the cannabis space, selling vaporizers and other accessories for consumption of medical cannabis through its 30 e-commerce websites across 20 countries. Despite the buzz around the legalization of recreational marijuana in Canada, the company continued to focus on the medical side of cannabis until very recently. However, now that there is clarity regarding the rules and regulations that will govern the recreational cannabis market, the online retailer has taken a proactive approach to capitalize on this vast opportunity. In this note, we discuss how Namaste plans to tap into the upcoming recreational cannabis market in Canada.

Fri
21
Sep

Tilray shares go on wild ride on second day after export approval

 Shares in marijuana company Tilray Inc. went on a wild ride -- surging by more than 90 per cent then briefly dropping into negative territory and rebounding -- one day after the licensed producer said it got approval to export medical cannabis from Canada to the U.S. for a clinical trial.

The stock closed at more than US$214, up 38 per cent, after being halted five times within one hour.

The drastic swings in the stock follow a nearly 30 per cent jump on Tuesday after the Nanaimo, B.C.- based firm announced it got the green light from the U.S. Drug Enforcement Administration to export cannabis in capsule form to a researcher at a university in the U.S., where the drug is still illegal at the federal level.

Fri
21
Sep

Helping navigate the red tape, Deepak Anand is Canada’s top cannabis consultant

Deepak Anand is a man on a mission. Vice president of business development and government relations with Cannabis Compliance Inc., Deepak wants to make sure companies and individuals have access to cannabis the right way—because the truth is, not everyone will post October 17.

For many, there’s limited affordability, for others, there are geographical hurdles, and heavy import and export restrictions. Consumers aren’t the only ones feeling (or rather, not feeling) the burn; with Health Canada’s tight requirements for licensure, the doors don’t open easily for many would-be cultivators either.

Fri
21
Sep

Portfolio manager's advice for new marijuana investors and Top 3 stock picks

With the introduction of the Tax-Free Savings Account and the emergence of the exciting yet volatile marijuana sector, it’s hard to remember a time when more everyday people were dipping their toes into the stock market. But the marijuana sector can be a difficult one to navigate, especially for relative newcomers who are putting their money on the line without the steely nerves and savvy of veteran investors. CityNews spoke with Purpose Investments portfolio manager Greg Taylor, who helped make sense of the wild swings and opportunities that mark the sector. He also gave us his top 3 marijuana stock picks (below).

Fri
21
Sep

Hicks on Biz: What will buying pot look like after it's legal?

Somehow I had this vision of Alberta’s new legal pot stores (as of October 17, 2018) being like a Bulk Barn, where you would scoop your favourite cannabis buds out of a bin, fill your baggie, weigh, pay at the cashier then home you’d go to roll joints.

Nope, nope, nope.

While we are soon to embark on the Wild West of legalized marijuana, this Wild West comes with rules as decreed by Health Canada, the province, the Alberta Gaming, Liquor and Cannabis Commission (AGLC) and municipalities.

I toured Alberta pot-retailer-in-waiting Fire & Flower’s concept store on Jasper Avenue West. This is no Bulk Barn.  It’s more like an Apple or a Nike store. Spotless, modern, art on the walls, display merchandising, no loose pot to be seen. Definitely no bins of pot buds.

Fri
21
Sep

Alberta cannabis retailers can expect ‘tight’ profit margins after wholesale prices revealed, business prof says

Profit margins will be tight for cannabis retailers next month, an Edmonton business professor says, after the Alberta Gaming, Liquor and Cannabis Commission released its list of wholesale prices.

All legal retailers will have to buy through AGLC, and the commission recently sent them a list pegging their average price per gram at $8.90 including federal excise duty, provincial duty and GST.

“I think it’s a little higher than we expected, but it’s in the ballpark,” Kyle Murray, vice dean at the University of Alberta’s business school, said Wednesday.

“If they are going to try and sell it (to consumers) for $10 or $9.50 (a gram) it’s going to be a pretty tight margin. I think for a lot of stores this means it’s probably going to be more in the $10 to $12 range.”

Thu
20
Sep

As legal cannabis comes to Canada, communities welcome accompanying job boom

Doubling the staff; tripling the number of grow rooms; quintupling production.

These are just some of the goals that Ram Davloor, the general manager of medicinal cannabis producer 7ACRES, shares with employees in a company strategy session ahead of the legalization of recreational marijuana on Oct. 17 in Canada.

“All of you who have come in right now are coming into a business that’s right at the very beginning,” Mr. Davloor tells the three dozen employees gathered at company headquarters in Kincardine, a municipality of about 11,000 on Lake Huron. “And this industry is going to be around for the next 200 years. So all of you here, if you think you are coming late, you are wrong.”

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