Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
18
Jan

Is 2022 The Year The Canadian Cannabis Industry Finally Starts To Hit Its Growth Phase?

canadian cannabis flag

Although recreational cannabis has been legal in Canada for three years, the market continues to face challenges. 

Municipal bans on cannabis brick-and-mortar retailers in Canadian provinces have slowed down the growth of the industry by forcing consumers to drive long distances to municipalities that have a large number of cannabis brick-and-mortar storefronts.

The decision to ban the opening of cannabis retail stores has benefited the illicit market and we hope to see a decrease in the number of municipalities that have banned the opening of cannabis retail stores in 2022. (Click Here for full article)

Fri
14
Jan

Lifeist Wellness' Cannabis 2.0 Roilty brand wins Canadian LP brand of the year award at 2021 ADCANN Awards

Lifeist

The win comes only months after the initial launch by Lifeist’s wholly-owned subsidiary Cannmart Inc, and the launch of sister company CannMart Labs Inc

Lifeist Wellness Inc has announced that its Cannabis 2.0 consumer-focused house brand Roilty has won the Canadian LP Brand of the Year award at the 2021 ADCANN Awards. 

The company said the annual industry awards, which are voted on by both industry peers and the public and saw over 100,000 votes cast nationwide, celebrate the best in marketing and advertising across Canada’s cannabis industry. 

Fri
14
Jan

Tilray rally fades as investor doubts about pot stocks prevail

phone

Canadian cannabis titan Tilray Inc. fell for a third straight day, surrendering much of a rally posted earlier this week after earnings that were buoyed by acquisitions and a rebranding -- moves aimed at strengthening its global reach in the face of stiff competition at home.

Canada’s marijuana-market leader is still up about 4% this week after the shares jumped 14% Monday, when it reported better-than-expected results and said it was repositioning itself as a global consumer packaged-goods “powerhouse.” Demand for its cannabis brands, craft beer and hemp products boosted profits, the company said.

Fri
14
Jan

Hygrovest significantly outperforms dip in Canadian cannabis market, looks to diversify with new investments

market

Hygrovest has weathered a decline in the Canadian cannabis market with outperforming assets, but now looks to reduce risk by diversifying assets into non-cannabis sectors following approval for a broadened investment mandate at the company's AGM.

Hygrovest Ltd (ASX:MMJ) has significantly outperformed a declining Canadian cannabis market, the investment holding group’s net asset value (NAV) decreasing just 13% compared to a 46% decline in the benchmark over the same period. 

The specialist investment company is now looking to close the 61% gap in its share price to NAV ratio by working with its largest investment, Weed Me, to achieve liquidity during 2022 and realising underperforming or illiquid investments. 

Fri
14
Jan

Ontario cannabis store showcases 'cool innovations' and we are impressed

women

Week in Weed: Spotify versus Potify, first pot shop at a Canadian airport, and how this ancient empire's secret to success was hallucinogenic beer

A  small airport in B.C. is in the news for all the right reasons.

Thu
13
Jan

‘Arbitrary’ cutoffs of THC levels make it difficult to measure impaired driving

girl behind the wheel

After marijuana was legalized in Canada, more drivers in car crashes tested positive for the drug, new research finds.

As more states legalize marijuana for recreational use, it’s become more common for people to have the drug in their  system, leaving public health officials grappling with a thorny question: What constitutes impaired driving?

For alcohol, the cutoff is uniform: A blood alcohol concentration above 0.08 percent. But there is no standard cutoff for THC, the psychoactive compound in marijuana. And even in places that do institute a cutoff, it’s unclear whether exceeding the limit constitutes impairment, experts say. 

Thu
13
Jan

Gaia Grow's Canadian Cannabis Laboratory TRU Extracts Receives January Pre Roll Processing Service Order Totaling $519,000

gaia

Gaia Grow Corp. is excited to announce that its wholly-owned subsidiary, TruExtracts Laboratories (“TRU”), has received its first processing service order (“PSO”) of 2022 in relation to its agreement with an arms-length Canadian cannabis producer (“the producer”) to manufacture approximately 30,000 cannabis pre-rolls per day. TRU will be manufacturing 2 strains of 10 x 0.3g Pre-Roll Packs.

TRU will be responsible for purchasing and processing the biomass in accordance with the processing service orders provided by the producer and will deliver final retail products in accordance with shipment instructions coordinated and supplied by the producer. The Company expects to see further PSO’s over the coming weeks.

Thu
13
Jan

Your pot isn’t as green as you think

cannabis greenhouse

Cannabis giant Canopy Growth used a lot of energy to grow its pot in 2020. Emissions from the company were equivalent to burning more than 65 million pounds of coal, newly released data shows.

The data was published last week by Canopy Growth as part of its environmental, social, and governance (ESG) reporting, marking the first time emissions data has been reported by the company.

Canopy Growth’s environmental reporting follows similar releases by other pot companies last year. In June, Vancouver-based Rubicon Organics published its first-ever ESG report, and in August, Toronto-headquartered Khiron Life Sciences Corp. published its inaugural ESG report.

Thu
13
Jan

More Canadians may be driving high since cannabis legalization

cars

THC is being detected in twice as many injured drivers since cannabis was legalized in Canada, according to new UBC research published today in the New England Journal of Medicine.

The findings may be a signal that more Canadians are choosing to drive after using cannabis.

“It’s concerning that we’re seeing such a dramatic increase,” said Dr. Jeffrey Brubacher (he/him), associate professor in UBC’s department of emergency medicine and the principal investigator of the study.

“There are serious risks associated with driving after cannabis use. Our findings suggest more is needed to deter this dangerous behaviour in light of legalization.

Thu
13
Jan

Canadian Cannabis Company Tilray is Merging the Worlds of Cannabis and Alcohol

sweetwater

Tilray, the largest cannabis company in Canada and the world, is blazing a path others may soon follow, getting into the alcohol business. While this might seem a no-brainer, both industries deal in intoxicants, so far, any merging of interests has been strictly one-sided, with only large alcohol entities investing in the once hyped cannabis market up north.

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