Marijuana Business News

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stocks
business
Fri
18
May

Burin-based Oceanic Releaf signs cannabis distribution and retail partnership

Burin-based Oceanic Releaf Inc. has agreed to a distribution and retail partnership with Hiku Brands Company Ltd.

Oceanic Releaf is in the late stages of receiving licencing approval from Health Canada under federal Accessing Cannabis for Medical Purposes (ACMPR) guidelines and is converting the old fish plant in Burin into a cultivation facility.

Hiku’s subsidiary, DOJA Cannabis Ltd., is already federally licensed to cultivate and sell cannabis and owns two production facilities in British Columbia.

Tyoko Smoke, another Hiku subsidiary, is aiming to operate a network of cannabis dispensing stores across Canada and currently runs non-cannabis dispensing stores selling coffee, clothing and curated accessories in British Columbia, Alberta and Ontario.

Fri
18
May

Workplace substance-use policies could help Canadians and employers

In an effort to bring awareness to workplace practices and regulations in preparation for 2018’s legalization of cannabis, the Canadian Centre on Substance Use and Addiction has published a report that reveals not enough Canadian companies have instituted comprehensive substance-use policies, and those that are in existence inadequately help struggling employees.

Fri
18
May

Is Aurora Cannabis Inc. now the best pot stock to invest in?

Aurora Cannabis Inc. (TSX:ACB) continues to acquire market share with its latest deal making it the largest marijuana stock in the industry, assuming shareholders give it the okay to proceed. The company has been busy this year; just months ago it also was involved in what was, at that time, the largest acquisition in the industry. It’s a different approach than the one rival Canopy Growth Corp.(TSX:WEED) has taken, as it hasn’t been involved in such high-profile deals.

Fri
18
May

Michael Cohl bets on the latest cool thing since rock 'n' roll changed the world — cannabis

Diane Francis: Concert promoter Michael Cohl is publishing a website, launching a business and staging a high-level conference, which he calls the 'Davos of Cannabis'.

Michael Cohl has made a fortune as a Canadian concert promoter, theatrical producer and touring impresario. He has represented more than 150 artists from Frank Sinatra to the Rolling Stones, Michael Jackson, Prince, Stevie Wonder, Pink Floyd and U2 to name just a few of his most famous clients.

Michael not only organized their tours, but also helped them with everything from merchandising their swag to marketing their DVDs, TV specials, books and films. Along the way, he racked up a fortune and landed a Juno, a Billboard, a place in the Canadian Music Hall of Fame, a Tony and an Emmy.

Fri
18
May

Billions at stake in BC, marijuana forum told

The legalization of cannabis will create thousands of jobs, bring in billions of dollars and represent an added bonus for the tourism industry, economic and tourism leaders said at a cannabis legalization forum Thursday in Kelowna.

“Take away all the health issues, it’s a product and there’s an opportunity for economic development,” said Dan Rogers, executive director of the Kelowna Chamber of Commerce.

Niche Canada, a not-for-profit organization established to assist in the transition to the legalization of cannabis, hosted the forum at the Rotary Centre for the Arts.

Cannabis legalization will create between 50,000 and 150,000 jobs across Canada, said David Purcell, director of emerging business at Kwantlen Polytechnic University.

Fri
18
May

Valens Groworks clinches cannabis supply deal with Speakeasy Cannabis Club

Encouraging news from Valens Groworks today, which announced that it has signed a partnership agreement with Speakeasy Cannabis Club.

"This partnership with Speakeasy dovetails neatly with our expansion objectives. As a specialist in the extraction of cannabis, Valens creates some of the best oils in the world, with our proprietary process creating a product that is clear, transparent 100% cannabis oil,” said Valens chief executive officer, Tyler Robson.

As well, Speakeasy is going to source 2500-5000kg of cannabis per month for Valens.

Fri
18
May

Councillor De Genova's marijuana motion goes up in smoke…for now

NPA councillor wants cannabis at pot shops to come from Health Canada-approved producers.

You may have heard that NPA Coun. Melissa De Genova introduced a motion at city council this week in an effort to take a bite out of organized crime’s involvement in marijuana dispensaries.

You probably didn’t hear that her motion went up in smoke…for now.

You probably didn’t hear because you were not in the council chamber at 10 p.m. Wednesday, or watching the livestream from your computer when debate on the motion came to a halt after De Genova’s NPA colleague, Hector Bremner, voted against extending the meeting beyond 10 bells.

As a rule, council has to be unanimous in wanting to go beyond 10 p.m.

Why did Bremner do it?

Fri
18
May

Legalizing cannabis a monumental shift

The process of making pot-production and sales a legitimate industry can best be described as “hurry up and wait,” said the City of Vernon manager of economic development and tourism.

Kevin Poole says the regulatory framework for a legalized cannabis industry being developed by federal and provincial governments has raised many cost issues for their civic counterparts, and has raised questions ranging from how to train and educate the industry workforce to tourism marketing opportunities.

“This industry will be about creating partnerships and right now the provincial government is a bit slow out of the gate on developing a framework for how this is going to unfold,” Poole said.

Fri
18
May

This pot-paraphernalia company promises a great party if you pledge to hold its stock for three months

Namaste Technologies Inc., the owner of online stores that sell vaporizers and bongs, is taking unusual steps to stabilize its share price and thwart an attack on its business by short-sellers.

The small Vancouver company is asking its investors to promise that they won’t sell their shares over the next three months. And as a thanks for those who show proof that they held their shares, Namaste says it’s going to throw a big party at the end of the summer.

Namaste investors have had little to celebrate of late. The stock fell 2.35 per cent on Thursday to $1.66, well below its late December peak of $4.40 amid a sector-wide sell-off.

Fri
18
May

Cannvas to sponsor medical cannabis week

Cannvas MedTech Inc. ("Cannvas MedTech" or the "Company"), a leading business technology company within the cannabis space, is pleased to announce its lead sponsorship role at the upcoming Medical Cannabis Week in Toronto. This inaugural event brings together the thought leaders in the Canadian medical cannabis sector and is presented by Business of Cannabis in partnership with Cannvas MedTech, WeedMD, Ample Organics, TechTO, HealthTO, SheCann, Blakes, Cassels & Graydon LLP, RNMKR PR, Salesforce, Emblem and other leading industry partners.

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