Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
22
Mar

Harvest One completes first shipment of medical cannabis to Shoppers Drug Mart

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) announced Thursday that through its wholly-owned subsidiary and cultivation arm United Greeneries Ltd, it had completed its first shipment of medical cannabis to Shoppers Drug Mart.

Fri
22
Mar

Is HEXO Corp. (TSX:HEXO) a top cannabis stock for your portfolio?

Consolidation continues in the Canadian marijuana sector as key players position themselves to capitalize on long-term opportunities in the country and overseas.

Smaller cannabis companies that don’t have the scale or a sustainable competitive advantage are seeking partners that share their expansion objectives, while the big marijuana stocks are searching for strategic assets and capacity growth in an attempt to keep up with medical and recreational cannabis demand.

Thu
21
Mar

Hemp Top 40: major developments in hemp reform since the Farm Bill passed—the good, the bad, and the ugly

Since the Farm Bill was signed in late December, clearing the way for states to take over hemp regulatory duties, much has transpired. Here’s a quick look at just 40 of the many major developments that have taken place recently as a result of federal hemp reforms—the good, the bad, and the ugly.

The Good

  1. To date, more than 40 states have defined industrial hemp as distinct from marijuana and removed barriers to its production.

Thu
21
Mar

Cannabis stocks lower after Green Organic Dutchman’s earnings disappoint

Cannabis stocks moved lower Wednesday, as investors scrutinized earnings from Green Organic Dutchman Holdings Ltd. and awaited a U.S. congressional committee vote next week on protecting banks that serve the sector.

Korey Bauer, Portfolio Manager of the Cannabis Growth Fund CANNX, -0.67% a mutual fund recently launched by Foothill Capital Management, said the market is likely taking a breather after a strong run-up.

“We’re up more than 50% for the year, so it’s not a surprise to see the market take a break,” he said.

Thu
21
Mar

Going green: Cannabis and the cost of energy consumption in North America

According to the Cannabis Energy Report released by New Frontier Data last October, the production of legal cannabis is projected to consume 162 percent more energy by 2022.

“Based on the 16.4 million pounds of cannabis cultivated in 2017, the resulting electricity-based carbon emissions associated with that level of production was 1.8 million tons,” the report continued.

Thu
21
Mar

Canada's Smartest Kitchen partners with first cannabis client

New Brunswick's largest licensed grower of marijuana has enlisted Canada's Smartest Kitchen in Charlottetown to develop a line of cannabis-infused chocolate for the edible market — due to be legalized in the fall.

The grower, Organigram, currently produces 36,000 kilograms of marijuana per year and plans to triple production by December.

"Most of the market doesn't like the thought of smoking," said Organigram's chief commercial officer Ray Gracewood.

Interest in the edible market

Customers have demonstrated a lot of interest in the edible market and are looking for something that's discreet, Gracewood said.

Thu
21
Mar

Canopy Growth Signs Extraction Deal With HollyWeed North

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) signed a multi-year processing and extraction agreement HollyWeed Manufacturing & Extracts Inc. 

HollyWeed North Cannabis Inc. is the parent company of HollyWeed Manufacturing & Extracts Inc., which is a female-led, LGBTQ2-positive company based in British Columbia that operates several subsidiaries specializing in the growth, manufacturing, licensing, and production of cannabis and other pharmaceutical grade products.

Thu
21
Mar

Budget 2019: Canada wants to tax cannabis edibles based on THC content

The Government of Canada released its Budget 2019 on Tuesday, outlining their plans for spending in the coming year. While this year’s version offered incentives to first-time homebuyers, relaxed interest rates for student loans, and other new investment/spending programs, a series of updates were issued for the regime that controls cannabis taxation.

Thu
21
Mar

Top marijuana ETF adds 10 stocks, eyes US CBD market

The Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ) completed its quarterly rebalance and updated investors on its new holdings on Tuesday (March 19).

With these new additions, Horizons ETFs Management confirmed the ETF now has 59 cannabis stocks in its holding list.

Horizons ETFs indicated that, as of March 15, the ETF had netted a return of 58.95 percent over a year-to-date period.

Here is a list of the stocks added to HMMJ’s portfolio:

Thu
21
Mar

First two northern Ontario pot shops pushing towards opening next month

Right now, northern Ontario's first cannabis store is part high end retail outlet, part construction site.

Crews are busy getting the Highlife on Marcus Drive in Sudbury ready to open to customers on April 1. Company spokesperson Eddie Grinberg says they expect to hire as many as 30 people, with a few extra for the first few weeks when long lines are expected.

Highlife already has 17 stores in southern Ontario, but this New Sudbury location in an old shoe store near the Silver City movie theatres will be the first licensed to sell cannabis, rather than just smoking accessories.

"We never thought it would be in Sudbury," Grinberg says.

Highlife put its name into the cannabis license lottery held in January, but it didn't get pulled.

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