Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Wed
20
Mar

Cannabis café a hazy relic as marijuana's new retail paradigm takes over

Peter Horvath does not particularly like the idea of a cannabis cafe. He does not like a lounge either — or a bar, or any place to buy and sit and use cannabis.

“It sounds like a repulsive experience to me,” the chief executive of Green Growth Brands, a cannabis producer with a burgeoning retail division, said over the phone from Columbus, Ohio.

Low-margin cafes and smokey consumption lounges, Horvath said, are just impractical. “So how do you make money?” he asked. “It’s like saying, ‘I want to own bars.’ Have you ever watched a Bar Rescue episode? What a mess bars are.”

Wed
20
Mar

A detailed look at how Aurora Cannabis can produce 700,000 kilograms a year

The marijuana industry is growing like a weed. According to various Wall Street prognostications, the global cannabis industry could be generating upwards of $50 billion to $75 billion in annual sales roughly one decade from now. That's a boatload of cash, and all the more reason for pot growers to double down on capacity expansion.

Although there are 11 growers that are currently on pace for more than 100,000 kilograms in peak annual output, according to their respective management teams, none stands out more than Alberta-based Aurora Cannabis (NYSE:ACB).

Wed
20
Mar

Retailers are just beginning to bring CBD to mass retail consumers

The CBD retail boom is upon us.

As cannabis-infused products find their way into major retailers, analysts believe the trend will provide a significant catalyst.

"We have seen a high level of interest in cannabis beauty from retailers over the past month based on our store checks and incremental launches. We expect further retailer developments in the coming months,” noted analysts at Piper Jaffray, as quoted by CNBC.

All as people around the world wake up to the health benefits of cannabis, including the treatment of insomnia, stress, anxiety, pain, and even chronic issues.

Wed
20
Mar

4 Canadian cannabis stocks with significant inventory positions

Inventory turnover is a measure of how efficiently a Company can control its inventory. High turnover is seen as positive by investors as the company does not have much of its working capital tied up in stock.

Canadian LPs need to pass a quality control tests by Health Canada, which requires a third-party lab to test the cannabis to ensure that it is free of contaminates, such as mold, mildew, chemicals, and pesticides before the cannabis can added to inventory. Typically, dried flower has a shelf life of one year, and extracts are longer. Today we have identified four Canadian cannabis stocks with significant inventory positions.

Tue
19
Mar

No pot for tots: Child safety advocate warns of dangers of marijuana ingestion

For National Poison Prevention Week, March 17-23, the Saskatchewan Prevention Institute is cautioning parents to be aware of what their little ones could get into — including their marijuana.

Marijuana has the potential to be dangerous to children if ingested because of their size and weight. Marijuana-laced edibles pose a risk because they can look and taste like their unlaced counterparts. Children could eat a large amount quickly and become ill as a result.  

“The danger with (edibles) is that we don’t know how much THC is in them,” said Dr. Simon Kapaj, a medical health officer with the Saskatchewan Health Authority. “That can be a … concern because children are more sensitive to this harmful substance.”

Tue
19
Mar

'They think we are gouging them': Early lessons from the front lines of cannabis retail

It’s been a bumpy first few months for cannabis retailers in Canada, with product shortages and regulatory uncertainty dominating public discussion.

As Ontario’s first wave of bricks-and-mortar stores get ready to open on April 1, the Financial Post’s Vanmala Subramaniam spoke to four people on the front lines about what’s working, what isn’t and the biggest lessons they’ve learned so far. The following interviews have been edited and condensed.

***

Krystian Wetulani, a former grey market operator, is the owner of City Cannabis Co. and runs two licensed cannabis stores in Vancouver.

What’s been the biggest problem you’ve encountered so far? 

Tue
19
Mar

Zenabis now licensed to sell cannabis oil

Zenabis Global Inc. (“Zenabis”)(TSXV:ZENA) announced today that it is now licensed to process and sell cannabis oil products in Canada. The license enables Zenabis to now sell cannabis oil produced at its Atholville, New Brunswick facility, one of the largest indoor cannabis growing facilities in Canada, where Zenabis was already processing oil.

Zenabis expects to market and sell cannabis oil products to its medical clients and to adult use consumers through supply and distribution agreements that Zenabis has in place with nine Canadian jurisdictions including British Columbia, Alberta, Saskatchewan, Quebec, Nova Scotia, New Brunswick, Manitoba, Prince Edward Island, and the Yukon.

Tue
19
Mar

Flowr Corp’s medical cannabis available to patients online at Shoppers Drug Mart

The Flowr Corporation (TSX-V:FLWR) (OTC:FLWPF) announced Monday that its FlowrRx products are now available for purchase through Shoppers Drug Mart’s online medical cannabis site.

Tue
19
Mar

Cannabis stocks rally ahead of Tilray earnings

Cannabis stocks were higher Monday, as investors reacted to the latest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc. after the close.

Tilray shares TLRY, -0.36%  were up 0.8%, ahead of the company’s fourth-quarter earnings, which are expected to signal whether or not the company can actually sell pot. The company’s third-quarter numbers came just two weeks after Canada legalized cannabis on Oct. 17, and showed they had not sold any recreational cannabis. Chief Executive Brendan Kennedy has said the fourth quarter would change all that.

Tue
19
Mar

Most weed PSAs are terrible and ineffective. They don't have to be.

Smoking weed will not make hair grow out of your eyes, or out of your ears. It won't make your neck grow to twice its length, and it obviously won't make a new set of ears grow on the top of your head. “But,” goes the crux of a new public education campaign created by the provincial government of Quebec, “the risks are real.”

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