British Columbia


Cannabis trial for post-concussion problems offers hope to former NHL players

Former Vancouver Canuck Andrew Alberts says NHL alumni are hopeful a new clinical study will find cannabinoids can help treat post-concussion neurological problems.


B.C. pot grower Ascent files for creditor protection after licences suspended

Cannabis producer Ascent Industries Corp. says an order granting the company creditor protection has been issued by the Supreme Court of British Columbia.

The B.C.-based company says it filed for CCAA to address near-term liquidity issues which were in "large part" caused by Health Canada's suspension of its licences under its subsidiary Agrima Botanicals Corp.

Ascent has said that Health Canada asserts that "unauthorized activities" with cannabis took place during a period of time that it was privately held, and has suspended its producer and dealer's licence under the former Access to Cannabis for Medical Purposes Regulations regime.

It was the first Canadian pot producer to have its licences suspended. It also holds licences in Oregon and Nevada. 


Kamloops mayor says cannabis landscape likely to change

The mayor of Kamloops, British Columbia says rules around cannabis today may be different tomorrow, after the city recently rejected two different applications for legal pot shops.

Ken Christian says there is still another shoe to drop on the legal cannabis front when edibles are legalized later this year.

He believes that will alter the dynamic and with such a new industry, he thinks there will be a natural re-evaluation of the rules.

Christian says he thinks the entire retail cannabis landscape will be reassessed once legislators have a year or two of legalization under their belts.

He says the city is probably over-served with cannabis stores right now.


Yield Growth registers CBD oil lip glosses with Health Canada

Vancouver, British Columbia-based Yield Growth is working in the cannabis wellness products market. By January 31, just one month after its retail sales launch, Yield Growth announced its Urban Juve skin care products were available for purchase in 20 retail locations across Canada.


Marijauna penny stocks still strong: Koios Beverages and Fire & Flower

Marijuana penny stocks have corrected this morning, and most are trading red on US and Canadian markets. This morning, Koios Beverage Corp (CSE:KBEV) is booming and is seeing share percentage gains of 100%. Fire & Flower Holdings Corp (TSXV:FAF) is also trading green.

Today, we’ll explore why these two cannabis penny stocks are trending upward, while the rest of the market is falling.


4 companies shaping the cannabis retail market

The cannabis retail market remains one of marijuana's biggest unknowns. Companies have been working on different approaches when it comes to developing stores or products that will appeal to consumers. It will take time before we see which strategies prove to be successful and which will fall flat. 

Here is an overview of four cannabis companies and their very different approaches for gaining market share in the retail space.

Westleaf Inc. (WL) (otcmkts:WSLFF): Set to Become of Canada's Largest Premium Cannabis Retailers


Big banks shun B.C. cannabis-sector entrepreneurs

It is more than four months since Canada legalized recreational cannabis but entrepreneurs acting within the law in that sector continue to face hurdles and discrimination when looking for a financial institution.

“It’s very frustrating,” said aspiring cannabis-sector entrepreneur and Phytron Technologies Inc. CEO Bob Potter. “How can companies attract outside money if they can’t deposit it in a secure financial institution? Do they keep the cash in a shoebox under the bed?”

Potter plans to become a licensed cannabis grower, and he is developing software aimed at optimizing growing conditions inside cannabis grow rooms.

Canada’s big banks all turned Potter down when he asked them if he could open a business account. So did major credit unions.


British Columbia is mellowing out when it comes to using cannabis

Contrary to popular perception, British Columbians are not the heaviest users of recreational marijuana, according to new figures from Statistics Canada.

That high-standing belongs to residents of Nova Scotia, where almost 22 per cent of the population (21.6 per cent) aged 15 years and up reported using cannabis during the last three months of 2018. That share amounts to about 170,400 people of the provincial population.


B.C. Cancer to lead first national cannabis clinical trial for symptom relief

Recruitment for the 48-day trial in 150 patients will begin soon after the expected Health Canada and ethics approval is obtained. Patients in Vancouver, Abbotsford, Prince George, Victoria, Calgary, Winnipeg, Ottawa, Kingston and Toronto will be enrolled in the trial investigating whether cannabis properties reduce cancer-related symptoms including pain, sleep disturbance, anxiety and nausea.


Vancouver's illegal marijuana dispensaries ordered to shut down

More than two dozen illegal cannabis dispensaries in Vancouver will have to close their doors, the B.C. Supreme Court has ruled.

The decision announced Thursday applies to all dispensaries named in a suit brought by the City of Vancouver.

So far, 53 injunctions have been filed against marijuana-related businesses operating outside the city's regulations. The city said in a statement that some closed prior to the case being heard in court, but the remaining 28 will now have to cease operations.

Owners who do not close down can face court-ordered fines, jail time or both, the city said.


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