Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Thu
10
Jan

CES 2019: Marijuana tech is forbidden from the conference

It's not easy being green — especially at CES, the world's largest consumer electronics convention. Marijuana tech companies are grumbling about how difficult it is to participate in CES 2019because organizers will not allow them to exhibit.

"We’re not allowed on the showroom floor, and it’s apparently because [organizers] say they haven’t created a category for cannabis vaporizers yet," says Jeff Brown, vice president of public policy and communications at PAX Labs, an electronic vaporizer company. 

Thu
10
Jan

Aphria Inc (TSX:APHA) vs. Aurora Cannabis Inc (TSX:ACB): Which weed stock will go higher in 2019?

2018 was a wild year for the cannabis industry. Between legalization, short attacks, lawsuits, and the epic Canopy Growth Corp acquisition by Constellation Brands, it was an incredible time to behold. But believe it or not, 2019 could be even bigger–at least for investors. Because while 2018 witnessed the biggest political event in the history of Canadian cannabis, 2019 will witness the biggest financial event: the publishing of quarterly reports that include three months of post-legalization earnings.

Thu
10
Jan

These 2 Canadian pot stocks are soaring!

Watching the share prices of legal Canadian marijuana has become something of a pastime in its own right, with every new development in the weed stock space making waves that are interesting to watch – interesting if you’re not invested, that is. If you are, it’s downright nerve-wracking. Shareholders still sticking their necks out for upside have been riding a pretty wild train these last few months, to say the least.

Thu
10
Jan

Price of pot is up since legalization, StatsCan finds

The price of pot has risen more than 17 per cent since it became legal for recreational use, according to Statistics Canada.

With more folks lighting up, and thorny supply issues in some provinces, the price has jumped to $8.02 per gram from $6.83.

Using an updated version of its crowdsourcing app, Statistics Canada collected price information prior to legalization Oct. 17, and compared it to the average price between that day and the end of 2018.

Of the 385 price quotes it used from that period, half of those purchases were from legal suppliers. 

Legal pot costs more. The average price for dried cannabis from a legal supplier was $9.70 per gram, compared to $6.51 from illegal suppliers.

Thu
10
Jan

Are these top marijuana stocks to own in 2019?

The global marijuana market is growing, and investors are eager to invest in marijuana stocks likely to benefit from legalization.

The opening of Canada's recreational marijuana marketplace in October and the passage of propot laws in three more U.S. states mean the industry made big progress last year, but not every marijuana stock is worth owning.

While there are plenty of investment options for investors, here's why I think Canopy Growth (NYSE:CGC), Aurora Cannabis(NYSE:ACB), and KushCo Holdings (NASDAQOTH:KSHB)are top marijuana stocks to buy in 2019.

Thu
10
Jan

The 3 best Canadian pot stocks your money can buy in 2019

The legal marijuana industry is big business. According to investment firm Cowen & Co., the cannabis industry is expected to generate $75 billion in sales by 2030. That's up from a previous forecast of $50 billion by 2026. That's a lot of dollars, and presumably some companies have to come out a winner.

Wed
09
Jan

Aurora Cannabis expects final quarterly revenue to top $50M

Aurora Cannabis Inc. says it expects to report second-quarter revenue of between $50 million and $55 million.

Analysts had expected revenue at the marijuana producer to total about $67 million for the quarter ended Dec. 31, 2018, according to Thomson Reuters Eikon.

Aurora says the result for the quarter is up from $11.7 million in the same quarter a year ago and better than the $29.7 million for the quarter ended Sept. 30.

The increase was driven by the start of the adult consumer use market in Canada in October and shipments of medical cannabis to Aurora's base of roughly 71,000 patients in Canada.

The company says its production capacity is now about 100,000 kilograms per year, up from 70,000 in November.

Wed
09
Jan

Canadian pot shortage could last up to three years, industry executives say

Canada’s pot shortage could last as long as three years, according to industry executives who say production estimates are too rosy.

Shortages have plagued the country since recreational marijuana was legalized in October. In response, Quebec’s government-controlled stores have closed three days a week, Alberta has temporarily stopped issuing retail licenses and Ontario has said it will initially open just 25 stores across Canada’s most populous province.

As of mid-December, about 50 per cent of products for sale in five provinces were out of stock, according to Cowen & Co. analyst Vivien Azer.

This situation could continue for as long as three years, said Chuck Rifici, chief executive officer of Toronto-based Auxly Cannabis Group Inc.

Wed
09
Jan

Cannabis stocks to benefit from 2019 Health Canada regulations

While recreational marijuana has been legal in Canada since October 2018, some companies have been left in limbo as they wait for regulations on cannabis edibles, topicals and extracts.

However, that's expected to change later this year.

Once Health Canada finalizes its proposal on regulations, such cannabis products will be permitted for sale under The Cannabis Act no later than October 17, 2019.

Wed
09
Jan

Canadian marijuana producer CannTrust applies for NYSE listing

CannTrust Holdings Inc. CNTTF, +3.04% said Tuesday that it has applied to list its shares on the New York Stock Exchange, following other large Canadian cannabis companies that list in the U.S. but operate in Canada.

CannTrust stock was down 4% in morning trading, as the ETFMG Alternative Harvest ETF MJ, -0.14% fell 1.8%.

"CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science and innovation," CannTrust Chief Executive Peter Aceto said in a statement.

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