Marijuana Business News

Warning message

The subscription service is currently unavailable. Please try again later.
Synonyms: 
stocks
business
Wed
25
May

Hemp industry can bloom in Alberta

hemp

 

Albertans should be seeing new jobs in the agricultural industries as the Alberta government in partnership with the federal government helps kickstart the hemp industry in Alberta with two grants totalling $900,000.

“Alberta’s growing hemp industry is helping to build a strong agriculture sector that creates jobs and brings tremendous opportunities to communities across the province,” said Marie-Claude Bibeau, federal minister of Agriculture and Agri-Food in a press release.

“By producing, processing and creating value-added products within the province, the hemp industry can remain sustainable and agile, while seizing new opportunities in domestic and export markets.”

Tue
24
May

Canopy Growth: What went wrong?

cannabis

Before cannabis was legalized in Canada, this stock was soaring, as was its public profile.

It might sound strange now, but Canopy Growth (TSX:WEED) was once the hottest stock in Canada. Back in 2018, before legalization hit, the stock was soaring, as was its public profile. It seemed like every other day, you were hearing one story or another about the company’s meteoric rise. The $5 billion Constellation Brands deal, the expansion into Europe, the launch of Canada’s first Cannabis retail store. No matter where you looked, Canopy was always rising–in the stock market and in the public’s imagination.

Then, something changed.

Tue
24
May

Gaia Grow's Canadian cannabis laboratory Tru Extracts receives sales amendment to its Health Canada licence

logo

Gaia Grow Corp. (the “Company” or “Gaia”) (CSE:GAIA) (Frankfurt:GG0) is pleased to announce that its wholly-owned subsidiary, TruExtracts Laboratories (“TRU”), has received an amendment to its Health Canada licence that permits the company to supply extracts, edibles, and topicals directly to provincial distributors, retailers in select provinces, and licensed sellers of medical cannabis. 

Receipt of the sales amendment marks the final regulatory step required to launch sales operations of the Company's cannabis products, providing a path-to-market for anything manufactured at Tru’s facility. Tru intends to rapidly utilize the amended license to begin the process of distributing products to the Canadian market. 

Fri
20
May

Lift Expo show floor marked by calls for cannabis action and unity

cannabis in hand

Clear calls to action were seen throughout the halls at the latest Canadian cannabis conference.

The most recent edition of the Lift & Co. Expo, held this past weekend in Toronto, brought multiple calls to action among cannabis industry stakeholders.

In panels at the show and in conversations with the Investing News Network (INN), experts used this year’s event to urge all types of cannabis companies to collaborate in high-level lobbying.

During the event, a distinct theme appeared: the need for firms in the cannabis market to better advocate for themselves in front of the Canadian government.

Fri
20
May

Canopy Growth kicks off summer long weekends with exciting new product line-up

terpenes

Canadian cannabis market leader introduces new offerings across its house of brands – 7ACRES, Ace Valley, Deep Space and Doja

Fri
20
May

In the weeds: Local cannabis industry looking for 'sweet spot'

cannabis grow

 

Retailers and producers say the industry is going through ebbs and flows right now as large scale producers falter and more retailers open

From the street, behind a fence and gate, you can still catch the scent of the plants.

Thu
19
May

In the weeds: FDA Delta-8 warning, Cannabis Company Sponsorship, DoorDash Cannabis Delivery in Canada

woman's eye

FDA Warns Companies Selling Delta-8 Products. 

On May 4, 2022, the U.S. Food and Drug Administration issued warning letters to five companies for selling products labeled as containing delta-8 tetrahydrocannabinol. This is the first FDA action against companies for products containing delta-8 THC.

Thu
19
May

Cannabis company TerrAscend recruits legal chief

cannabis plant

Lynn Gefen is joining from home repair company HomeServe

North American cannabis company TerrAscend Corp, which is listed on the Canadian Securities Exchange, has appointed Lynn Gefen as chief legal officer and corporate secretary, effective May 23.

Gefen is joining TerrAscend from home repair company HomeServe, where she has been deputy general counsel, chief risk and compliance officer and assistant secretary for the past eight years, according to her LinkedIn profile. Before joining HomeServe, she worked at alcoholic beverage company Diageo North America on regulatory, privacy and compliance matters.

Thu
19
May

BC Liquor, Cannabis Stores’ customers raise more than $1M for Ukraine

money

BC Liquor (BCL) and BC Cannabis Stores’ (BCCS) customers have shown their support for people affected by the crisis in Ukraine by digging deep to raise more than $1 million.

From Feb. 28, 2022, to April 24, 2022, BCL and BCCS collected $1,081,272.98 in donations for the Canadian Red Cross’ Ukraine Humanitarian Crisis Appeal. All donations made will go to providing emergency-preparedness support, relief efforts, long-term recovery, resiliency and other critical humanitarian activities as needs arise, in Ukraine and surrounding countries, including supporting populations displaced by the conflict.

Thu
19
May

Tilray offer to buy HEXO in November was turned down as it represented 'less than sufficient value'

cannabis

 

The offer represented "what may have been a substantial premium for shareholders at the time."

Management for HEXO Corp. was reportedly approached in November 2021 by Tilray Brands, Inc. to buy the Canadian pot producer, but opted to pass on the proposed deal.

According to The Deep Dive, the offer of $2 to $3 a share to acquire the whole company was rejected because it represented “less than sufficient value.”

“This was despite the firm trading at a high of just $2.35 during that same month, and a low of $1.30, with that offer representing what may have been a substantial premium for shareholders at the time,” the website reports.

Although the initial offer fell by the wayside, HEXO entered into an agreement with Tilray the following month.

Pages

Subscribe to RSS - Marijuana Business News