Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
14
Jan

Twisters, sealers, and giant buds: Pot expo shines light on future of cannabis

Take two steps inside the cannabis expo and it's easy to get lost in the swath of green gadgets, gizmos, and elephant-sized machines.

The Lift and Co. Cannabis Expo has filled up the Vancouver Convention Centre in years past, but the 2019 event marks the first time it's been held in the post-legalization era.

From industrial-sized trimmers to miniature greenhouses, there is no shortage of business ventures looking to cash in on the so-called "green rush." 

If you ask Nick Pateras, enthusiasm for the budding industry is at an all-time high. "Everyone is vying for their slice of the pie," said the Lift and Co. VP of Strategy.

But even he admits there's only so many slices to go around.

Mon
14
Jan

Better buy: Aurora Cannabis vs. Scotts Miracle-Gro

Aurora Cannabis (NYSE:ACB) and Scotts Miracle-Gro (NYSE:SMG) shareholders are probably glad that 2018 is behind them. Aurora's share price fell 35% last year -- although the steep drop stemmed entirely from dilution caused by issuing new shares -- while Scotts Miracle-Gro stock plunged nearly 43%.

It's a new year now, and both stocks have gotten off to a good start. 2019 should be a better year for both Aurora Cannabis and Scotts Miracle-Gro for several reasons. But which is the better pick for long-term investors?

Mon
14
Jan

Cannabis retail lottery winners may not be prepared, industry insiders warn

The overwhelming success of individuals who won a chance at opening one of Ontario’s first cannabis dispensaries could mean that few of these aspiring retailers will be able to open by the April deadline, say marijuana industry insiders.

The Alcohol and Gaming Commission of Ontario (AGCO), the province’s pot regulator, on Friday provided a breakdown of the individuals and companies who applied to a lottery for a chance to get a cannabis retail licence.

Nearly two-thirds of the applicants were sole proprietorships – essentially individual entrepreneurs – while the remaining submissions came from corporations and partnerships.

Mon
14
Jan

3 marijuana stocks to watch in 2019

Cannabis stocks have been very volatile in 2018. Once the best-performing stocks in the market, marijuana stocks have cooled significantly since the legalization of recreational cannabis in Canada on October 17.

At that time, pot stocks were trading near all-time highs. The cannabis bubble has burst since then, and most stock prices have dropped by a fair amount. While risky, the three pot stocks I present could perform well in 2019 following major partnerships they have formed recently.

HEXO (TSX:HEXO)

Hexo focuses on recreational marijuana use and is the only licensed medical marijuana producer headquartered in Quebec.

Fri
11
Jan

Cannapharmarx acquires Alternative Medical Solutions as it prepares to re-enter cannabis space

Cannapharmarx, Inc. has completed its acquisition of Alternative Medical Solutions, Inc. (AMS)—an Ontario-based, late-stage marijuana licensed producer applicant—as part of its efforts to re-enter the cannabis space.

Hanover CPMD Acquisition Corp., a wholly owned subsidiary of Cannapharmarx, Inc., has acquired all issued and outstanding securities of AMS for total consideration of about $12.7 million, consisting of cash, common stock and a promissory note.

Fri
11
Jan

Pot packaging company sees significant growth with legalization

A strain on cash and operations is not a bad thing

CEO Nick Kovacevich has acknowledged that with the sudden growth in sales has added to the company's supply struggles. "While we are confident in the Company's upward trajectory, we acknowledge the impact that our dramatic growth has had on our gross margins, in particular, the utilization of air freight and additional cost incurring quality-control measures at our receiving warehouse to meet demand," he said.

With large markets opening in California and Canada, the company's operations are a bit strained and at the end of November 2018, the company had just $3 million in cash and equivalents on its books, down from the $13.5 million it had in August. But having these kinds of problems isn't necessarily a bad thing.

Fri
11
Jan

Trulieve announces a licensing deal with Sunshine Cannabis to create Eponymous Brand

Trulieve Cannabis Corp. (CSE:TRUL), Florida's premier medical cannabis company, has signed a deal with Sunshine Cannabis to bring a series of products utilizing exclusive genetics to Florida's growing patient population. The Florida-based cannabis company will be collaborating with Trulieve to develop a full suite of premium products based upon proprietary strains developed and preserved by the organization.

Founded in 2013, Sunshine Cannabis is a popular cannabis brand in the Sunshine State known for activism, compassion, and patient advocacy. A Florida-first company committed to providing exceptional medical marijuana products for medical marijuana patients, Sunshine Cannabis is also working to expand legal adult cannabis access statewide.

Fri
11
Jan

Aphria completes acquisition of CC Pharma

“As one of the most promising medical cannabis markets in the world, Germany is a top strategic priority for Aphria,” CEO Vic Neufeld, says in a statement from the Leamington, Ont.-based global cannabis company.

The acquisition of CC Pharma—which distributes pharmaceutical products, including medical cannabis, to 13,000-plus pharmacies in Germany and throughout Europe—is helping Aphria create “a German and, ultimately, pan-European platform that brings together demand, supply and distribution,” Neufeld continues.

Fri
11
Jan

Canadian marijuana stock climbs on sales data

Stellar sales figures propelled a Canadian marijuana stock sharply higher Thursday. Here’s some small stocks making big moves on Thursday, January 10, 2019 (as of 11:30 am EST):

Fri
11
Jan

Health Canada launches campaign to educate teens on the health risks of vaping

Health Canada is ramping up efforts to warn young Canadians about the potential risks associated with vaping, the agency said Thursday.

Spokeswoman Maryse Durette said the government body has launched a multi-phase campaign to tackle what it sees as an increasing problem among youth.

“The vaping market is evolving rapidly, with the regular introduction of new products into Canada,” Durette said in a statement outlining the planned campaign. “We are aware of both anecdotal information and unpublished research showing increases in the rate at which Canadian youth are trying and using vaping products.”

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