Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Wed
16
Jan

Canadians spent $1.6 billion on legal weed in 2018: Report

Canadians spent $1.6 billion on legal weed in 2018, more than double the amount that was spent on solely medical cannabis in 2017, according to a new report.

The State of Legal Marijuana Market, released Tuesday by Arcview Market Research and BDS Analytics, found that despite pushing legalization back from the summer until October, Canada still managed to increase its spending on legal weed from $755 million to $1.6 billion, making it the number three legal weed market in the world. According to Statistics Canada, Canadians spent $5.7 billion on weed in 2017, the vast majority of which came from black market.

Wed
16
Jan

Cannabis investors: 3 powerful trends you have to know about in 2019

There’s little doubt the rise of Canada’s newest sector was the story of the year in 2018.

We finally found out what a world with legalized marijuana would be like last year, and for the most part, it’s exactly the same as before — at least from a day-to-day life perspective. Things are far different from an investment point of view, however, with Canada’s marijuana sector evolving from a bit sector nobody really took seriously to a place that has attracted massive amounts of capital.

Whether you’re an experienced pot investor or just a rookie entering the space for the first time, here are three massive trends that appear poised to impact the sector in 2019.

Tue
15
Jan

Cannabis boom brings recruitment challenges for employers

As the cannabis industry rapidly grows, employers in the sector are feeling overwhelmed with the sheer volume of employees they need to recruit.

A network for human resources professionals in the cannabis industry, called Cannabis at Work, was launched on Friday to meet the need. It aims to provide a forum for employers in the regulated cannabis industry to learn and build relationships.

Tue
15
Jan

Pot and Pitas: WeedMD, Pita Pit create adviser for pot retailers

A Southwestern Ontario marijuana grower and a fast-food chain have teamed up to open dispensary franchises across Canada, a deal marking the second partnership between a Canadian cannabis company and a restaurant operator.

WeedMD, a licensed pot producer with operations in Strathroy and Aylmer, and Pita Pit Canada, a franchise with more than 600 locations across the globe, have launched Pioneer Cannabis Corp.

“This is a very capital-efficient partnership whereby we leverage our individual expertise into the cannabis space,” WeedMD chief executive Keith Merker said Monday.

Tue
15
Jan

Premium pricing of Whistler's organic cannabis part of allure in $175-million Aurora deal

Aurora Cannabis Inc. — the third largest Canadian cannabis company by market value — has signed a $175 million all-stock deal to buy up mid-sized licensed producer Whistler Medical Marijuana Corp., a privately held cannabis grower in B.C.

Aurora is pegging the purchase as a product and brand play — the company is particularly interested in the full suite of Whistler’s organic cannabis products and the brand recognition it has built up as one of the country’s first licensed producers to sell to the medical market.

Tue
15
Jan

Cannabis stocks are on a roll, posting the longest run of weekly gains since August

Pot stocks marked their third consecutive week of gains last week, the longest such winning streak since August, riding high on the broader market’s upbeat mood. This week, we’ll get a better idea of just how big the global cannabis market could get, along with a host of other potential catalysts.

Not even an earnings miss and further drama from Aphria Inc. could derail the optimism last week.

The company announced Friday that Chief Executive Officer Vic Neufeld will step down in the coming months but will remain on the board following a short-seller report that alleged Aphria bought assets at inflated prices from insiders. Aphria has now recouped much of its loss from the Dec. 3 report, including a 5.4 per cent gain on Friday.

Tue
15
Jan

Cannabis Canada Daily: Canopy Growth granted hemp licence in New York

Canopy Growth to spend up to US$150M to grow hemp in New York

Tue
15
Jan

Health Canada has awarded sales licence to Pure Global Cannabis

Pure Global Cannabis Inc. through its subsidiary PureSinse Inc., has announced Health Canada has issued the latter a sales licence under the Cannabis Act.

Eligible and pre-registered Canadian medical patients can soon select from two dozen premium cannabis products offered by PureSinse, via its newly launched eCommerce website at PureSinse.com.

Tue
15
Jan

Is HEXO Corp. (TSX:HEXO) stock attractive right now?

Canadian marijuana stocks have rebounded off the lows they hit in recent months, and that has investors wondering which pot stocks might be the best buys in 2019.

Let’s take a look at HEXO (TSX:HEXO) to see if one deserves to be in your portfolio right now.

Tue
15
Jan

Legalization sparks boom in once-stigmatized field of marijuana research

Dr. Mark Ware has devoted the past 20 years of his career to studying marijuana, and he can remember some "dark, lean" periods when he had to fight for meagre funding.

"There were times when I was told you couldn't even use 'cannabis' and 'research' in the same sentence," he recalled.

Now, Ware is the chief medical officer of one of Canada's largest pot companies, Canopy Growth Corp., which is conducting millions of dollars worth of research on the use of cannabis to treat conditions including anxiety, insomnia and pain.

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