Marijuana Business News

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Wed
08
Jun

High Tide expands into Saskatoon with opening of new Canna Cabana cannabis store, 126th in Canada

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High Tide has begun selling recreational cannabis products and consumption accessories for adult use at its Canna Cabana retail cannabis store located at 2102 22 Street West in Saskatoon, Saskatchewan

This opening represents High Tide's 126th branded retail location across Canada, and 10th in Saskatchewan, selling recreational cannabis products and consumption accessories. The store is High Tide's first location in Saskatoon, which is the largest city in Saskatchewan with a population of over 266,000 people. (Benzinga)

Wed
08
Jun

Boston Beer brings cannabis-infused iced teas north

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The maker of Twisted Tea and Sam Adams is launching Teapot here as it awaits U.S. regulatory progress.

The Boston Beer Company is looking to make a splash in the Canadian cannabis-infused beverage space with its own endeavour into the category, an iced tea product it calls TeaPot.

The cannabis-infused beverage market sits at an approximated value of around $100 million, and includes players such as Truss – a leader in the space – as well as the Collective Project, an offshoot of Collective Arts, and Averi. The Boston Beer Company is now wading in north of the border, looking to “deliberately develop a cannabis beverage pipeline here in Canada while we await regulatory progress in the U.S.,” says Paul Weaver, director and head of cannabis with the company.

Wed
08
Jun

Star Buds Cannabis Co. partners with DoorDash Canada to launch cannabis pickup in Ontario

Door Dash

Canadian cannabis retailer, Star Buds Cannabis Co., brings in-app cannabis ordering and pickup to consumers in Barrie and Innisfil

Star Buds Cannabis Co., a Canadian cannabis retailer, operating under CordovaCann Corp. (CSE:CDVA) (OTCQB:LVRLF) in Ontario, Alberta, Manitoba and British Columbia, has entered into a partnership with DoorDash Technologies Canada to launch cannabis pickup on the DoorDash Marketplace app. The initial launch will be across Star Buds locations in Barrie and Innisfil, Ontario, bringing the accessibility and convenience of online ordering and pickup of cannabis products to consumers outside of metropolitan areas. 

Wed
08
Jun

Spotlight: Fish-powered Canadian cannabis by Tanner Stewart

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“We endeavour to farm as waste-free as possible. We don’t use sprays, no herbicides, no pesticides, no nothing. And it’s as organic as you can possibly get.”

About eight years ago, with his first child on the way, Tanner Stewart got into agricultural farming.

A serial entrepreneur, Stewart started his career in construction, but with the future heavy on his mind, he began looking into sustainable business ventures that were good for people and the planet.

In 2013, he began working with NutraPonics, an Alberta-based company dedicated to the development and commercialization of indoor vertical aquaponics farming technology. Aquaponics, where raising fish is combined with growing plants, is touted as an energy-efficient way to farm.

Tue
07
Jun

Tilray Medical launches sleep-oriented CBN Night Oil for medical cannabis patients in Canada

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Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today announced that its medical cannabis brand, Aphria, has launched CBN Night Oil, the brand’s first CBN oil medical product formulated for patients’ nighttime use.

Blair MacNeil, President, Tilray Canada, said, “Tilray Medical is committed to providing patients in Canada and around the globe with safe, high-quality cannabinoid-based medicine. We are pleased to add a dedicated night oil to the Aphria medical portfolio and broaden our offering of effective medical cannabis products to patients with a wider range of needs.”

Mon
06
Jun

Good profits, the cannabis trade gave Canada over $ 35,000 million

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After legalizing marijuana recreational use three and a half years ago, Canada became the first G7 and G20 country to take that step. Therefore, much of the understanding of the impact of currency devaluation on the economy of a country that chooses this path comes from the results shown by the Canadian experience.

Fri
03
Jun

Why Aurora Cannabis stock couldn't catch fire today

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Investors weren't cheered by yet another round of capital-raising by the Canadian pot company.

 

 

What happened

In the habitually money-losing marijuana industry, new stock issues are a way of life for companies constantly hungry for fresh capital. While investors are accustomed to this, they don't particularly like it. Case in point: On Tuesday, Aurora Cannabis (ACB -3.40%) declined 5%-plus after it announced the closing of its latest issue.

So what 

Aurora said that morning that it has raised gross proceeds of roughly $172.5 million from the issue, which technically isn't a stock flotation.

Thu
02
Jun

Spotlight: Susan Dupej on the state of cannabis tourism in Canada

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"[Regulators] missed the mark on consumption and that's really showing up as an issue for tourism because tourism overlaps so intimately with spaces of social public consumption"

Susan Dupej was at a crossroads as she neared the completion of her Ph.D. in Geography from York University in 2016.

She knew she wanted to work in academia but she was unsure about the focus of her research. With the groundwork of legalization taking shape, Dupej began to think about what legal pot might mean for Canada’s tourism industry. As part of her Ph.D. research, she studied the relationship between cannabis, culture and tourism.

But before becoming a full-time cannabis researcher, she wanted to open up about her connection to the plant.

Wed
01
Jun

New Report warns excise taxes are destroying Craft Cannabis Cultivators

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A new report calls Canada’s excise tax regime “the greatest systemic threat” to cannabis producers, and builds on three years of market data to illustrate that under the current structure, craft cultivators that have put it all on the line to go legal may not be able to survive.

In Canada, excise duties or “sin taxes” on cannabis are paid by producers, who remit either $1 per gram or 10 percent of their sale price on dried cannabis; whichever is higher. (In most legal U.S. jurisdictions, cannabis taxation tends to happen at the point of sale.)

Wed
01
Jun

Boston Beer Co. to launch cannabis-infused Iced Teas in Canada

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Good Day Iced Tea contains 5 milligrams of THC 

The Boston Beer Co. Inc. is launching a line of cannabis-infused iced teas under the brand TeaPot.

TeaPot is the company’s first infused beverage offering and will launch in July in select Canadian provinces. The drink blends tea with specific cannabis strains to enhance specific times of the day. Its first release, Good Day Iced Tea, is made with real lemon black tea and infused with Pedro’s Sweet Sativa, grown in Ontario by licensed producer Entourage Health Corp.

Each 12-ounce can of TeaPot contains 5 milligrams of THC and is crafted to minimize any cannabis taste or aroma. TeaPot will introduce additional varieties in the coming months.

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