Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
11
Jan

Marijuana penny stocks: WeedMD and Canopy Rivers dominate

Marijuana penny stocks are up and down today on both US and Canadian markets. Marijuana stocks have been on quite the bull run since the beginning of the year. This week, stocks corrected but there are some that are still shining green. 

Today, we’ll take a closer look at two marijuana penny stocks that are outperforming their competitors today.

Fri
11
Jan

Cannabis Canada Daily: The owner of the world’s biggest pot store is eyeing Ontario

Planet 13 eyes Ontario for retail partnership expansion

Planet 13 Holdings, the operator of the biggest cannabis store in the world, would be open to a joint venture so that it can bring a pot dispensary to Ontario, the company's chief executive Bob Groesbeck told BNN Bloomberg. While Planet 13 isn't participating in Ontario’s retail license lottery, it sees a partnership as a more viable way to enter Canada's most populous province.

Fri
11
Jan

Higher price of legal pot, lack of convenient supply driving consumers to unlicensed dispensaries

The price of pot has jumped since recreational use was legalized — and that, along with patchy supply issues, has kept many customers relying on unlicensed suppliers.

new Statistics Canada study found that the cost of cannabis has risen more than 17 per cent since legalization last October. Since then, only half of the purchases recorded in the study were from legal suppliers — suggesting the other half came from unlicensed dispensaries or dealers.

The two findings are linked, believes Matei Olaru, CEO of the cannabis-focused technology and media company Lift & Co.

Fri
11
Jan

Should you buy HEXO Corp. in 2019?

The marijuana industry's momentum in 2018 picked up in a way that we've simply never seen before. Aside from the fact that a record number of Americans want to see cannabis legalized, according to the newest annual Gallup poll, we witnessed Canada legalize recreational pot, the U.S. give the green light to hemp and hemp-based cannabidiol products, and the U.S. Food and Drug Administration approve its very first cannabis-derived drug.

Fri
11
Jan

This is the best pot stock for growing global demand

On January 8, Cowen analyst Vivien Azer released a report estimating the U.S. marijuana market to be worth between $40 billion and $50 billion. By 2030, it’s expected to reach $80 billion — that’s up from her previous estimate of $75 billion.

In 2017, five million Canadians purchased just shy of $6 billion of cannabis. While the Canadian market is significantly smaller than the U.S., the numbers still imply a whopping $1,200 annual spend per customer. Ultimately, however, the market is expected to top out at roughly $9 billion in Canada.

Thu
10
Jan

U.S. firm building a 'cannabis superhighway' plans to list in Canada to raise capital

MJIC Inc., a pot distributor building a “cannabis superhighway” in California, is planning a Canadian listing by the end of February.

The company, based in Commerce, near Los Angeles, plans to sell shares on the Canadian Securities Exchange via a reverse takeover, Chief Executive Officer Sturges Karban said in a phone interview. MJIC has hired Haywood Securities Inc. to identify a Canadian shell company to enable the deal.

“Our timeline to get through to that point is probably another 30 to 45 days or so,” he said. Karban declined to say how much MJIC expects to raise but said the listing would be followed by a “much broader, bigger offering.”

Thu
10
Jan

Weed was ablaze in 2018; 2019 could burn even brighter

2018 was a pivotal year for pot, with both the legalization and legitimization of the drug gathering steam.

Beginning with Australia giving the green light to cannabis exports, and ending with the New Zealand government announcing it will hold a referendum on recreational pot legalization in the next general election come 2020, 2018 saw an increasing mainstream acceptance of weed.

Thu
10
Jan

3 Canadian marijuana stocks set for a major U.S. up-listing?

The Canadian marijuana stocks we’ve discovered are the likeliest candidates to list on a major U.S. stock exchange. If successful, these Canadian cannabis companies could see even greater upside momentum.

Thu
10
Jan

Canada's largest banks are betting big on weed

Canada's biggest banks are jumping into the marijuana business.

The Bank of Montreal and the Canadian Imperial Bank of Commerce provided an $80 million loan this week to PharmHouse Inc, a joint venture owned in part by Canopy Rivers, the venture investment arm of publicly traded Canadian marijuana cultivator Canopy Growth.

The deal marks the largest debt financing provided by top banks to a private marijuana company.

"Having secured what we believe to be the largest bank debt to a private company in the cannabis industry, one that is supported by a syndicate of three Schedule I banks, PharmHouse has gained substantial momentum," said Canopy CEO Bruce Linton in a press release.

Thu
10
Jan

Should you buy Cronos Group in 2019?

The marijuana industry certainly lived up to the hype in 2018. After years of promises that recreational cannabis would be legalized from Prime Minister Justin Trudeau, Canada made his vision a reality. As the first industrialized country to give the green light to adult-use pot, Canada opens its doors to what could be billions of dollars in added annual sales within the next two or three years.

Pages

Subscribe to RSS - Canada