Marijuana Business News

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stocks
business
Wed
20
Nov

Looking out for the little guy: B.C. tries to help small growers go legit

Cannabis growers in the B.C. are getting some help to transition out of the black market as part of a newly announced program that could see participants qualify for loans of up to $500,000.

B.C.’s Ministry of Social Development and Poverty Reduction has set aside $675,000 to help an estimated 2,500 small growers join the legal cannabis industry. The money will be disbursed through the Community Futures Central Kootenay, a non-profit organization focused on economic development.

Wed
20
Nov

The Green Organic Dutchman expands Canadian distribution

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received orders from AlbertaManitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribu

Wed
20
Nov

Canada's pot stocks get hammered again: Is the party over for cannabis investors?

There was a time just a few short months ago that buying into the world of legal cannabis seemed like a sure thing.

But that optimism has gone up in smoke.

A major pot stock sell off continued on markets Monday, partially because consumers are less than enthused about legally available cannabis. 

Mature cannabis plants are photographed at the CannTrust Niagara Greenhouse Facility during the grand opening event in Fenwick, Ont., on Tuesday, June 26, 2018. CannTrust Holdings Inc. is reducing its workforce. THE CANADIAN PRESS/ Tijana Martin

In theory, the black market should be under tremendous pressure now, by the new regulated and ultimately safe marijuana supply sanctioned by provincial governments in Canada.

Wed
20
Nov

Council takes back authority to oppose/endorse cannabis stores

Responding to a flood of critical emails after administration opposed the proposed downtown location of Windor’s first cannabis store, councillors have voted to decide future applications themselves.

The vote was unanimous to reverse a Jan. 21 decision where council approved “opting in” to hosting retail cannabis stores but also delegating authority for city planner Thom Hunt to gather input from various departments and come up with a position on individual applications. That was done because there’s only a 15-day window for comments to be made to the Alcohol and Gaming Commission of Ontario on an application and it was feared council couldn’t render an opinion on time.

Wed
20
Nov

A green bust in the cannabis industry

Some growers say ‘ghost houses’ are popping up across the country as production gets ahead of the demand for cannabis.

Producers like Boaz Pharmaceuticals say cannabis is growing faster than the number of stores opening so there’s too much supply.

“It was mostly a surprise to everyone that they weren’t able to sell and ship the amount of product so we’re hearing terms of ‘ghost houses’ which are greenhouses that the big LPs (licensed producer) aren’t growing anymore.”

Wed
20
Nov

3 Canadian Licensed Producers under pressure from recent earnings

Read entire article here.

During the last month, several leading Canadian cannabis companies have reported quarterly financial results and the market has been responding negatively to these numbers (on average). Although these companies have reported strong growth when compared to prior periods, the numbers have come in below expectations and the market has punished these companies for such results.

Tue
19
Nov

All the excuses cannabis companies are making for an ugly crop of earnings

Tue
19
Nov

Up to 1 Million Kilos of marijuana production has been cut in Canada for 2020

At this time last year, there arguably wasn't a hotter or more popular investment opportunity than marijuana stocks. It's not hard to understand why, either, if you simply look at the industry's recent growth trends or Wall Street's sales forecasts.

Tue
19
Nov

Hexo under 'increased pressure' as unlicensed pot recalls CannTrust scandal

Shares of Canadian pot producer HEXO (HEXO.TO)(HEXO) fell to a two-year low after the company revealed late Friday that it grew cannabis in a space “not adequately licenced” by Health Canada at a Niagara, Ont. facility. Now, analysts are asking why it took months for the company to tell investors after management discovered the lapse.

The public admission by Gatineau, Que.-based HEXO came more than two-and-a-half months after the company said it discovered its “Block B” room inside a building formerly-owned by Newstrike Brands was not fully licenced on July 30. Hexo acquired Newstrike Brands on March 28 for $263 million.

Tue
19
Nov

Note to Drake: Canada’s swag rules can be confusing

Christmas is coming, but don’t expect any flashy giveaways from your favourite cannabis brand. The laws behind promoting cannabis in Canada are far too Grinch-like for that.

“Much like alcohol, we don’t want to encourage people to buy the product. So, the advertising is supposed to be really neutral,” Daniel Walker, a lawyer with Bobila Walker Law, told The GrowthOp.

An update of the Cannabis Act in October added clarification to the rules around promotional items. But it still can be confusing.

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