Marijuana Business News

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Mon
04
Oct

Could This Smaller Cannabis Stock Overtake Aurora Cannabis in Revenue?

Stocks on cellphone

Aurora Cannabis (NASDAQ:ACB) is one of the top marijuana stocks in Canada. It has fallen behind both Tilray (NASDAQ:TLRY) and Canopy Growth (NASDAQ:CGC) in terms of revenue, but it's still a relatively big player in the pot market up north. However, with the company reporting yet another lackluster period this week with respect to revenue growth, it could fall further behind, especially as marijuana producer Hexo (NASDAQ:HEXO) has been trying to grow via acquisitions.

Investors should also pay attention to another company that could soon be on Aurora's heels as well: Village Farm International (NASDAQ:VFF).

Mon
04
Oct

Aurora CEO: No 'awkwardness' as big pot taps craft cannabis for answers

marijuana plant

With Canada weeks away from legalizing recreational pot in the fall of 2018, Aurora Cannabis (ACB.TO)(ACB) executives boasted to analysts about the massive, low-cost crops they could grow inside futuristic, highly-automated "Sky Class" cultivation facilities. The first, Aurora Sky, was already fully operational, they said on a Sept. 25 post-earnings conference call.

Mon
04
Oct

Delta not accepting more cannabis retail applications, for now

mall interior
The latest applications, including one from the BC Liquor Distribution Branch, are still in the early stages of review
a day ago.  The proposed cannabis dispensary at Scottsdale Centre would be located next door to a BC Liquor Store. Sandor Gyarmati/Delta Optimist
 

Delta council, at its Sept, 27th meeting, announced it has instructed staff not to accept and consider any more submitted applications to open cannabis dispensaries in the city – at least for the time being.

In June, following a public hearing, council unanimously approved advancing an application by Seed & Stone to open a private cannabis dispensary at 616 Chester Road, located on Annacis Island.

Fri
01
Oct

Why Cannabis Stocks Could Take Off Soon

stocks trending up

There's nothing that can light a fire under marijuana stocks quite like hype around legalization or any kind of reform in the sector. When the Democrats won the run-off Senate elections in Georgia in early January, giving them control of both the House and Senate, shares of the Horizons Marijuana Life Sciences ETF jumped 8% the following day (the S&P 500 was up around 0.6%).

At the time, there was excitement only for the possibility that reform might happen as a result of the Senate results. If there are actual changes, the bullishness could reach a whole other level. And while marijuana legalization may not happen anytime soon, the passage of the Secure and Fair Enforcement (SAFE) Banking Act could be on the horizon.

Fri
01
Oct

Manitobans stocked up on liquor, cannabis in pandemic's 1st year

The first year of the COVID-19 pandemic saw a big increase in alcohol and cannabis sales in Manitoba — but casino revenues plummeted. 

In the 2020-21 fiscal year, liquor sales increased 11 per cent from the year before, to $886 million — a jump Manitoba Liquor & Lotteries attributes in part to stay-at-home orders that kept Manitobans close to their fridges, the Crown corporation's latest annual report says.

As well, cannabis revenues jumped by 56 per cent to $80.2 million in 2020-21, a significant jump from $51.5 million in 2019-20.

Fri
01
Oct

Rapid Dose Therapeutics Receives Cannabis Sales License from Health Canada

doctor

Rapid Dose Therapeutics Corp. ("RDT" or the "Company") (CSE: DOSE), a Canadian biotechnology company revolutionizing drug delivery through innovation, today announced the successful receipt of their cannabis sales license from Health Canada following a rigorous application and inspection process. This is in addition to the micro-processing license received November 15, 2019 which has allowed RDT to offer white-label products to multiple Canadian producers.

Fri
01
Oct

Choom Cannabis Co. Announces Hamilton Store Opening

one of Canada’s leading recreational cannabis retailers, is pleased to announce the launch of its latest retail store in Hamilton, ON (2190 Rymal Road East, Unit E-01, Hamilton, ON, L0R 1P0, Canada).

“Today marks the opening of our 3rd location in Ontario, another milestone for the brand”

Choom continues its national retail store expansion with its latest Ontario store. The brand now has 17 operational retail locations across Alberta, Ontario, and B.C. Today’s announcement follows the August opening of the company’s Flagship location in Toronto’s Liberty Village and has plans to open additional locations in B.C. and Ontario over the next few months.

Thu
30
Sep

Rising Natural Wellness Momentum Fuels Cannabis Market

cannabis bud

It should come as no surprise that one of the strongest trends in the health care space is the rising wave of natural wellness and natural alternatives categories. While the COVID-19 pandemic may have accelerated the momentum, the movement had begun well before people around the world were sent home, where self-care and well-being became watch words. A natural extension of this focus on self is cannabis, as growing research seems to support the potential benefits this natural plant may provide. Dubbed cannabis 3.0, the next phase of cannabis market maturation features exciting innovation, high-quality offerings and growing investor interest in a space with seemingly unlimted potential.

Thu
30
Sep

Aurora Cannabis Launches its First Medical CBD Product in Uruguay

woman with jars of cannabis

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, has launched Bidiol, the first medical cannabis oil in Uruguay that is wholly produced domestically. The CBD oil is available in 3% and 10% concentrations and comes in 10mL and 30mL bottles, available in pharmacies across the country.

Thu
30
Sep

High Tide Becomes First Non-Franchised Canadian Cannabis Retailer to Surpass 100-Store Milestone

100 sign

High Tide Inc. (“High Tide” or the “Company”) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a retail-focused cannabis company enhanced by the manufacturing of proprietary and licensed consumption accessories, announced today that its Canna Cabana retail cannabis stores located at 4140 Walker Road in Windsor, Ontario, and 960 Brookdale Avenue in Cornwall, Ontario, have begun selling recreational cannabis products for adult use. These openings bring High Tide’s total number of branded retail locations across Canada to 101, and 30 in Ontario, selling recreational cannabis products and consumption accessories. With the opening of these locations, the Company has launched eight organically-built stores in the month of September alone.

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