Marijuana Business News

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stocks
business
Fri
17
Sep

Companies are Getting Rid of Drug Tests Because They Can’t Find Enough Workers

Man blowing smoke

In the midst of a global labour shortage, employers around the world are doing away with drug tests in a desperate bid to attract more job applicants, fill more roles and retain more workers.

A survey, conducted by staffing firm ManpowerGroup and released this week, indicated that 9 percent of more than 45,000 employers worldwide were eliminating job screenings or drug tests as an incentive to “attract and retain in-demand talent.” That equates to some 4,050 employers, from 43 countries, who are willing to turn a blind eye to workers’ recreational drug use if it means filling vacant positions.

Fri
17
Sep

High Tide Announces Opening of Canna Cabana Retail Cannabis Store in Guelph

cannabis bud with flower

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 store located at 106 Silvercreek Parkway North in Guelph, Ontario, has begun selling recreational cannabis products for adult use. This opening represents High Tide's 95th branded retail location across Canada, and 24th in Ontario, selling recreational cannabis products and consumption accessories. The new Canna Cabana store is High Tide's second to open in Guelph, a fast-growing community in the heart of southern Ontario, and the first in the city which will operate under the Canna Cabana brand.

Thu
16
Sep

3 Things to Watch For When Aurora Cannabis Reports Earnings This Month

marijuana plant

After the markets close Sept. 21, Aurora Cannabis (NASDAQ:ACB) will release results for its fiscal fourth quarter, which ended June 30. The troubled Canadian pot company's stock is already down by about 20% year to date -- a sharp contrast to the sector benchmark Horizons Marijuana Life Sciences ETF, which is up 5% -- and the upcoming report could be pivotal in determining whether the share price gets out of the red for 2021. Investors aren't expecting to see Aurora turn a profit in the final quarter of its fiscal year, but there are other ways that the company can show it is making progress. Here are the three main areas you should keep a close eye on when the company reports next week.

Thu
16
Sep

Delta 9 Achieves Milestone in Agreement with Element Cannabis Group

 DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) ("Delta 9" or the "Company"), is pleased to announce that it has completed its final services milestone under an agreement with Alberta based cultivation and processing partner, Element GP Inc. (“Element”). Element is an arm’s length third party in which the Company has no ownership control or interest.

Thu
16
Sep

Cannabis producer Tilray closing its Nanaimo operations

Major marijuana producer Tilray has announced it will shut down operations in Nanaimo and focus cultivation in B.C. at its Broken Coast facility in Duncan.

Thu
16
Sep

Ontario now has 1,000 cannabis retail stores

Canada’s most populous province opened its first cannabis retail stores on April 1, 2019. Exactly 880 days later, Ontario’s 1,000th store, 6 of Spade, opened its doors in downtown Toronto.

The shop was opened in late August by husband and wife, Jeremiah and Amiga Wheatle, who recently spoke with the Ontario Cannabis Store about their business.(PHOTO BY MARTIN OUELLET-DIOTTE/AFP/GETTY)

Wed
15
Sep

Visionstate Portfolio Company Freedom Cannabis Inc. Secures Retail Sales Licences in Canada’s Two Largest Retail Markets

sales retail

Visionstate Corp. (TSXV: VIS) (“Visionstate”), is pleased to announce that Freedom Cannabis Inc. (“Freedom”), a portfolio company of Visionstate Corp., has received approval for retail distribution in two of the largest retail markets in Canada. The addition of the provinces of Alberta and Ontario to the Freedom portfolio of retail licences has paved the way for the company to brand its premium brand products across the country.

In the past 30 days, the company has been approved in four jurisdictions in Canada and is executing on delivering product to these important markets. The licences were granted on August 27, 2021.

Wed
15
Sep

Beacon Hill Brands Brings Innovative Cannabis Beverage Kalvara to Canadian Market

cannabis beverage

Beacon Hill Brands Inc. ("Beacon Hill" or the "Company"), a privately owned Canadian company focused on developing, marketing and distributing functional, nutraceutical and medicinal beverages, is bringing the popular Kalvara brand ("Kalvara" or the "Brand") of Infusion Technology-powered, conveniently-sized cannabis beverages to the Canadian adult-use recreational cannabis market.

Tue
14
Sep

Ayurcann Holdings Corp. has Entered Saskatchewan With National Cannabis Distribution and Begins Investor Relations Initiatives

 Ayurcann Holdings Corp. (CSE: AYUR) (FSE: 3ZQ0)  (the "Company" or "Ayurcann") a Canadian cannabis extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, is pleased to provide details on a wholesale distribution and supply agreement (the "Wholesale Agreement") that it previously entered into with National Cannabis Distribution ("NCD"), a wholly- owned subsidiary of Kiaro Holdings Corp. (TSXV:KO) ("Kiaro"), for exclusive wholesale distribution and supply in the Province of Saskatchewan. (Photo Credit:CNW Group/Ayurcann Holdings Corp.)

Tue
14
Sep

Tilray Inc. Sends Open Letter to Shareholders

marijuana plant

Tilray Inc (NASDAQ: TLRY) sent an open letter on August 26 from Irwin D. Simon, CEO and chairman, to the company’s shareholders. In the letter, Simon describes his vision for the company and gives his $4 billion target. He also encourages shareholders to vote for initiatives that are in line with this vision at Tilray’s special meeting of stockholders. The meeting is scheduled to occur on September 10. Tilray is one of the largest cannabis lifestyle and consumer-packaged goods companies in the world. It has operations in the U.S, Latin America, Canada, Europe and Australia. Tilray’s production platform supports about 20 brands in over 20 countries.

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