Aurora Cannabis receives lenders’ consent for proposed acquisition of ICC

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (ICC) (TSX-V: ICC) are pleased to announce that Aurora has received, from its consortium of lenders led by Bank of Montreal (collectively, the Lenders), consent and approval as required under its credit agreement with the Lenders to the previously announced plan of arrangement (the Arrangement) between ICC and Aurora. Subject to the terms and conditions of the arrangement agreement dated September 8, 2018 (the Arrangement Agreement), Aurora will acquire all of the issued and outstanding common shares (ICC Shares) of ICC.


We compared legal marijuana prices across Canada and some provinces are getting ripped off

If your province or territory nabbing the best deal?!

It's officially day two of cannabis officially being legal in Canada. While we are all probably coming off the high of such a big milestone for the country (pun absolutely intended), Canadians are shocked to see how different the legal purchasing experience is from province to province. 

Not only do some provinces get to buy in store rather than online, but areas of the country are also seeing some extreme price differences for legal cannabis. Meaning you might want to consider a road trip to snag the best bang for your buck. Here are the current prices per gram of legal marijuana in every part of Canada, so you can see how your province stacks up. All prices listed are in CAD.


Popular marijuana stocks as Canada becomes the largest country to legalize cannabis

Popular marijuana stocks fell across the board Wednesday, paring extreme gains so far this year, as investors cashed in a bit of their bet as Canada became the largest country to legalize the recreational use of cannabis.

After months of political haggling and legal debate, Canada joined the U.S. states of California, Massachusetts, Maine, Alaska, Colorado, Washington, Nevada, Vermont and Oregon as the first Group of Seven country to OK adult use of pot. The major cannabis stocks ran up in anticipation of this day and offered investors on Wednesday a reminder of just how volatile some of the young pot companies have become amid a flurry of news and speculation.


First legal weed sold in Canada at Newfoundland shops

Ian Power and Nikki Rose among first Canadians to buy legal recreational cannabis. The first legal recreational cannabis has officially been sold in Canada.

In Newfoundland and parts of Labrador, midnight comes earlier than anywhere else in the country, and people were ready and waiting for marijuana to be sold to them over the counter.

At the Tweed retail location on Water Street in downtown St. John's, the first sales went to Ian Power and Nikki Rose, who lined up outside hours before. 

The lineup at the Tweed store started at around 8 p.m. NT, and steadily grew as the time ticked down to 12 a.m. Ian Power said he came early so he could "make history."


Canada just legalized recreational pot. Here's what you need to know

People in Canada are cheering, enduring long lines and honking their car horns in support as the country's first marijuana dispensaries open their doors Wednesday.


Number of cannabis prescribing physicians flatlines in Alberta as drug grows in popularity, new stats show

The number of Albertans receiving prescriptions for medical cannabis continues to grow by leaps and bounds, new statistics show, but the number of physicians prescribing it has flatlined.

In 2017, 25,766 Alberta patients received a medical cannabis prescription, statistics released this week by the College of Physicians and Surgeons of Alberta (CPSA) show.

That represents a 50 per cent increase over 2016, when 17,195 Albertans received a prescription for some form of the drug.

During that same time period, though, the number of physicians prescribing medical cannabis dropped to 357 from 358.


Positioning Alberta as Canada’s cannabis leader

lberta was the first province to begin its policy development for cannabis legalization. In June 2016, the government began by commissioning a massive evidence synthesis ‚ÄĒ¬†the Cannabis Evidence Series¬†‚ÄĒ covering five key topics: health effects and harms, medical cannabis, advertisement and communication regulations, experience with legalization in other jurisdictions, and the current Canadian context. It was published in December 2016. This fed directly into the Alberta cannabis framework, which is the beginnings of the proposed legislation that will eventually regulate cannabis production, sales and use.


Sylvan Lake setting cannabis retail licence rules

Sylvan Lake is getting ready for cannabis shops.

With recreational marijuana set to be legalized in October, municipalities have been busy updating their bylaws and business licence regulations in preparation.

Sylvan Lake, like many communities, has decided that distinct licensing requirements be put in place for cannabis retailers.

Town council gave first reading this week to a bylaw requiring an $850 administrative licence be required for cannabis retailers as well as the annual $150 operational licence that is charged to more conventional businesses.

It will come back to council on Sept. 10 for second and third reading.


Calgary to examine 4 public marijuana consumption sites

The City of Calgary is looking at four potential public cannabis consumption sites and wants public feedback.

The sites are meant to address a legislative shortfall, where cannabis is legal but it's not allowed to be consumed in public, in condos and apartment buildings or in hotels. 

In short, unless you own a house or are a guest in someone's house, you're out of luck when it comes to partaking in legalized marijuana. 

Under Calgary legislation, a ward can be considered for a site only if it's requested by the local councillor. In this case, all four areas are in the ward of Coun. Gian-Carlo Carra, the only one of 14 council members to make a request.


Alberta: Jasper pitches relaxed rules for cannabis retailers

Jasper's municipal council says it won't put any limits on the number of cannabis retailers allowed within the mountain resort community.

Council voted Tuesday to make a series of recommendations on commercial regulation.

Under the proposed bylaws, pot stores would be allowed to operate until midnight, and there would be no limit on the number of stores in town, or how close pot retailers can be to each other within the commercial district.

"We're not in the business of passing moral judgment," Mayor Richard Ireland said in an interview.

"We've never restricted any other business before, so why would we suddenly restrict this one?


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