Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
19
Mar

Little pot grower that could, Indiva, looking for staff who think they can

The hiring spree at Indiva is reflective of the situation playing out at cannabis companies across the country, says the head of the largest marijuana industry association.

“This is a massively growing industry,” said Allan Rewak of the Cannabis Council of Canada, an umbrella group representing some of the country’s largest marijuana companies.

Canada’s cannabis sector employed 11,000 people in December, according to the most recent statistics available, with some projecting that number could hit 150,000 within the next decade, Rewak said.

Tue
19
Mar

8 per cent of Six Nations cannabis sales have to go back to the community: new law

Six Nations has set a new cannabis law saying eight per cent of sales have to go to community projects. The territory's elected council passed a law Feb. 25 saying permit holders who produce, process, distribute or sell marijuana have to contribute to the community.

Eight per cent of gross cannabis sales at the end of the month will go to the elected council, says the new law.

Council will use that money to help with roads, parks, post-secondary education, the swimming pool or bowling alley, or other projects that help youth or elders.

Tue
19
Mar

4 Canadian marijuana stocks with a clinical trials research edge

Cannabis plants contain an estimated 113 cannabinoids (THC & CBD are the two that are most well known), each of which may have some medical purposes.

Companies that are spending money on clinical trials could be winners in the long run as there is potential for cannabinoids to be used as an Active Pharmaceutical Ingredient (API), as seen by the FDA approval of GW Pharmaceuticals Epidiolex, for the treatment of seizures.

However, much research still needs to be done to determine the efficacy and safety of cannabis as a medical ingredient. It typically takes a pharmaceutical company 10 years to bring a new drug onto the market.

Tue
19
Mar

Harvest One to supply medical cannabis to Shoppers Drug Mart

Harvest One Cannabis Inc (CVE:HVT) (OTCMKTS:HRVOF) struck an agreement Monday to be a medical cannabis supplier to Shoppers Drug Mart through its wholly-owned subsidiary and cultivation arm United Greeneries Ltd.

Tue
19
Mar

3 marijuana stocks that beat Canopy Growth Corp (TSX:WEED) to profitability

In Q3, Canopy Growth Corp  (TSX:WEED)(NYSE:CGC) hit a major milestone by achieving $74 million in net income. Although it was not the company’s first profitable quarter, it was the first time it achieved profits that were high as a percentage of revenue. The quarter was seen as a watershed moment for the company, cementing its status as the king of the cannabis castle.

Canopy’s Q3 earnings showcased a business moving closer and closer to consistent profits. Although the company posted an operating loss in the quarter, the loss was down from the prior quarter, indicating that Canopy is inching toward both net and operating profitability.

Mon
18
Mar

Village Farms CEO talks marijuana production cost and capacity, and more

Village Farms International (NASDAQ:VFF), a Canada-based greenhouse grower of produce that entered the cannabis space in 2017, reported its fourth-quarter and full-year 2018 results on Wednesday. 

Mon
18
Mar

CBD oil products promise miracle cures. But does science support the hype?

In order to survive wearing high heels at the Oscars this year, Melissa McCarthy put a dab of CBD oil between her toes. Both US Magazine and Women’s Health called the move “genius!

Mon
18
Mar

Looking to buy HEXO? Here are 5 things you should know about the marijuana stock first

HEXO Corp. (NYSEMKT:HEXO) took investors on a roller-coaster ride in 2018. The marijuana stock more than doubled by October, but gave up most of its gains to end the year up by only 5%. HEXO is off to a great start in 2019, though, with shares soaring 78% so far.

Despite its nice run in 2019, HEXO's market cap is still only a little over $1 billion -- well below the steep market caps of several of its peers. But if you're looking to buy HEXO, there are five things you should know about the marijuana stock first. 

Mon
18
Mar

Edibles legalization fraught with hurdles, lack of clarity, companies say

From the classic pot brownie to cannabis-infused cotton candy, there is no shortage of options for edibles at an illicit dispensary in downtown Toronto.

Among the people lining up to browse and buy, one 34-year-old IT worker chooses gummy bears for what he says is his first-ever edibles purchase. The Toronto man, who did not want to be named, said he preferred edibles over smoking cannabis because he can avoid the pungent smell and partake indoors.

"These are more convenient," he said, adding that among his friends who are cannabis users, half of them say edibles are their form of choice even though they aren't legal in Canada yet.

Mon
18
Mar

Aurora Cannabis finally lands a partner... sort of

Although there are dozens of marijuana stocks for investors to choose from, none is arguably more polarizing than Aurora Cannabis (NYSE:ACB).

Aurora's growth-at-any-cost strategy has come with promise and peril. Although this is a company with a number of organic construction projects, including the completed 800,000-square-foot Aurora Sky build, and the ongoing buildout of Aurora Sun, a 1.2-million-square-foot complex in Medicine Hat, Alberta, Aurora has chosen to primarily grow via acquisition.

Pages

Subscribe to RSS - Canada