Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Thu
29
Jul

BRAUN: Canadians warming to legal pot shops, says poll

image of inside the Honey Pot Cannabis retail store

Canadians are increasingly receptive to cannabis retail shops in their community, according to a poll commissioned by Weedmaps.

Some 2000 adults were polled to see how attitudes toward cannabis have changed since legalization, and overall, 40% support the presence of stores in their area while 25% oppose them. Fully, one-third (35%) do not support or oppose the shops.

Wed
28
Jul

Starting today, Albertans can purchase cannabis pre-rolls for the suggested retail price of $1

A new promotion from cannabis marketing company A Higher Level of Thought (AHLOT) will give Albertans the chance to sample pre-roll joints from Grizzlers, a legacy brand turned legal, for just $1.

The sampling program, which begins today, could soon roll out in other provinces as well, says AHLOT CEO Greg Pantelic.

Customers can purchase a single 0.5-gram Grizzlers pre-roll from licensed retailers in Alberta and Pantelic says the company is working to offer products from other licensed producers at a “sample friendly price point.”

“It’s somewhat like Costco on a Saturday afternoon, where you’re able to try some free samples. And, if you like it, you can pick up the full size, as well,” says Pantelic. “That’s what we’ve tried to do.”

Mon
26
Jul

Kanabo to be Europe's biggest public cannabis business after takeover

cannabis plants growing

 

London-listed marijuana business Kanabo (KNB.L) has struck a deal that it says will make it Europe's biggest publicly traded cannabis company.

Kanabo said on Monday it had agreed terms to buy the European operations of Canada's Materia, a cannabis processor and supplier. Exact terms weren't disclosed but Kanabo said the deal would be paid for through shares and subject to performance-related goals.

"The only part that we’re not involved in now in the supply chain is cultivation," Kanabo's chief executive Avihu Tamir told Yahoo Finance UK. "Our belief is that cultivation will be a commodity like other agricultural products. We believe the value is in the last mile."

Mon
26
Jul

No 6-pack for you: Cannabis beverage seller says regulations choking industry

cannabis drinks

The summer of 2021 could have been the first big season of cannabis-infused beverages if people could only have grabbed a six-pack from stores, says one eastern Ontario seller.

Brad Stewart, co-founder of Molecule, a business based in Lansdowne, Ont., says people in the industry have been left scratching their heads by the way Health Canada calculates the amount of marijuana in an infused drink.

Using Health Canada's calculations, a 355 ml drink is considered to have the equivalent of slightly more than five grams of cannabis, even though one beverage can only contain a maximum of 10 mg of THC, the psychoactive chemical in the marijuana plant.

Fri
23
Jul

Keep riding the High Tide wave, this analyst says

Canadian cannabis companies have been on the rise recently, and part of that wave includes High Tide, Inc. (High Tide Stock Quote, Chart, News, Analysts, Financials TSXV:HITI). Andrew Semple of Echelon Capital Markets Tuesday reiterated his “Speculative Buy” rating on the company, along with a $20.00/share target price, implying a potential upside of 150 per cent in the next 12 months.

Fri
23
Jul

Saskatchewan cannabis sales top $13 million per month

Saskatchewan posts second-highest sales growth in the west as Canada-wide cannabis sales hit a record for second straight month

Legal sales of cannabis in Saskatchewan reached $13.4 million in April, up 5.4 per cent from March and the second-highest month-over-month sales increase among western provinces.

Statistics Canada’s latest sales data shows that national marijuana product sales hit a record high of $309.7 million in April, 3.8 per cent higher than a month earlier, which was the previous record month for sales.

British Columbia led all western provinces with a 13 per cent increase, month-over-month, to $47 million in April. Alberta sales flatlined at a west-leading $58 million in cannabis sales, unchanged from March, Statistics Canada reports.

Tue
20
Jul

Canopy Growth vs. Aurora Cannabis: Which Is the Better Buy?

stock charts

Cannabis stocks were a growth machine for investors following the 2015 Canadian federal election. The hype for recreational legalization ramped up, and Liberal leaders Justin Trudeau managed to deliver on the promise. However, the reality of the rollout started to sour investors on the sector. As it stands today, the Canadian cannabis market is in desperate need of a boost to bring it back in the eyes of investors. Today, I want to look at Canopy Growth (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB), two top producers whose shares have plunged in 2021. Which is the better buy today? Let’s jump in.

Mon
19
Jul

Aleafia Health Launches Premium Cannabis Brand Nith & Grand

marijuana plant
  • Nith & Grand tailored to cannabis aficionados with discerning taste, and will feature craft flower and premium concentrates
  • Initial launch features TF Pink Kush Live Resin vape cartridges
  • Strengthened product portfolio contributing to meaningful quarterly sales growth across all sales channels

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce the launch of its premium cannabis brand Nith & Grand. Featuring hang dried, hand trimmed, small batch dried flower, and premium concentrates, Nith & Grand appeals to experienced cannabis aficionados.

Fri
16
Jul

Headset predicts full-steam ahead for cannabis market growth in Canada this year

Canada’s cannabis industry is forecast to see healthy growth this year, more than double south of the border, but it is anticipated that growth will slow and come in line with that of the U.S. next year, suggests a new report released this week by Headset, a U.S.-based data and market intelligence firm.

“The smaller Canadian market is forecast to grow almost double the U.S. growth rate from 2020 to 2021,” notes the report. But the Canadian growth will slow in 2022 and likely be more in line with what happens in the U.S.

Thu
15
Jul

Do You Trade Canadian Marijuana Stocks? 2 You Should Know About In 2021

Top Canadian Marijuana Stocks To Watch This Month

During the 2nd half of July, marijuana stocks have been showing a bit more action in the market. Now with this upward momentum has also come a bit of volatile trading. With the sector beginning to fluctuate in price more often, those looking to buy top marijuana stocks still have time. Due to how low the sector has dropped since mid-February there is still more upward trading that needs to happen to see a full recovery.

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