Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
13
Apr

Medical cannabis growers in Canada face strict new rules. For some, that could mean losing their license

In an attempt to crackdown on the illicit market, Health Canada has published a plan to tighten restrictions on medical cannabis cultivation. The regulator cited a perceived discrepancy in the amount of medical cannabis grown, alongside license infringements and sites used for “large-scale illegal production.”

Mon
12
Apr

Canopy Growth Acquires Supreme Cannabis in $346 Million Deal

Canopy Growth Corp. agreed to buy Supreme Cannabis Co., one of Canada’s leading brands of marijuana, in the latest large deal to reshape the rapidly growing industry.

Canopy will acquire all of the company’s shares in a largely stock-based deal valued at C$435 million ($346 million), according to a statement Thursday. The transaction, expected to close by the end of June, represents a 66% premium over Supreme’s Wednesday closing price, the companies said.

Supreme’s shares soared as much as 60% Thursday in Toronto, while Canopy fell as much as 2.3%.

Mon
12
Apr

5 Canadian Cannabis Companies That Are Positioned To Capitalize On Cannabis Reform In The US

After New York passed legislation to legalize recreational cannabis, we believe the government will prioritize legalization or decriminalization at the Federal level. 

New York is the 15th state to legalize recreational cannabis and we are bullish on the trend that we are seeing at the state level. From Virginia to South Dakota, several conservative markets have jumped on the legal recreational cannabis bandwagon and this is a trend that we find to be significant. 

Fri
09
Apr

Tidal partners with hockey union on cannabis products, education

Tidal Health Solutions Ltd. has been named the exclusive supplier of medicinal marijuana and related education for the Professional Hockey Players’ Association (PHPA).

The union represents current and former athletes within the American Hockey League, the professional rung just below the National Hockey League, and the ECHL, formerly the East Coast Hockey League. The certified union represents more than 1,600 players on teams based in both Canada and the U.S.

Thu
08
Apr

Canadian online medical cannabis supplier to offer CBD flower from $1.96/gram

Starting on April 20, Cannalogue, a Toronto-based health and technology company, will begin offering CBD flower from $1.96/gram, per a company press release.

According to Cannalogue, it is the lowest per gram price for medical cannabis in Canada

Thu
08
Apr

7 Key Takeaways From Canopy Growth’s Acquisition Of The Supreme Cannabis Company

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis.

We believe that Canopy Growth made the acquisition to better positioned itself to compete against the previously announced business combination of Aphria Inc. (APHA.TO) (APHA) and Tilray Inc. (TLRY). Today, we have highlighted 7 key details of Canopy Growth’s acquisition and believe that our readers need to be aware of the following:

Tue
06
Apr

Legal Canadian market expected to peak by 2026: report

Canada doesn't have a lot of time until its cannabis market hits its ceiling. 
 
Brightfield Group expects Canada's cannabis market will peak around 2026 to the tune of about $9 billion in annual sales, a time by which the cannabis consultancy sees enough retail stores open to handle demand while enough consumers have successfully transitioned to the legal market, according to a new report. 
 
"The massive growth that we've seen this year and the next probably year or two is going to taper off because ultimately, there's only so many new users that are coming online over the longer term," said Jamie Schau, insights lead at Brightfield Group and the lead author of the report, in a phone interview. 

Tue
06
Apr

The second coming of cannabis legalization in Canada

Three years ago we celebrated legalization in Canada with the first legal 420. Huddled under tarps, tokers lined up in the rain to sample the wares on offer from the first legal cannabis retailers in Ontario. Still, it felt like two steps forward, one step back, as lounges and cannabis events remained illegal, and cannabis edibles wouldn’t be available for another year. In the green rush to scale quickly, Licensed Producers unfortunately also forgot about quality.

Tue
06
Apr

Weed-related ER visits up for young adults despite overall visits being flat pre- and post-legalization

A Canadian study comparing emergency department (ED) visits in Hamilton, Ont. pre- and post cannabis legalization saw a spike in visits for acute cannabis intoxication among those aged 18 to 29, but not overall.

The finding is based on a retrospective chart review at an academic ED in which investigators assessed all visits having a cannabis-related discharge code from six months before legalization in October 2018 to six months after. The study was published last month in BMC Emergency Medicine.

Wed
31
Mar

Impacts of recreational and medical cannabis legalisation in Canada

Dr Philippa Hawley tells Health Europa Quarterly about the effects of recreational legalisation on medical cannabis users

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