Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
09
Aug

Cannabis company MGC Pharmaceuticals on watch after ā€œtransformational eventā€

TheĀ MGC Pharmaceuticals LtdĀ (ASX: MXC)Ā share price could be on the move today after the cannabis company released a late announcement on Thursday.

What did MGC Pharmaceuticals announce?

On Thursday MGC Pharmaceuticals provided an update on the planned construction of its Malta-based state-of-the-art Good Manufacturing Practice (GMP) production and research facility.

According to the release, the company has signed a long-term lease agreement on a 6,000m2 site in Malta, which was previously identified and designated to MGC Pharma by Malta Industrial Parks.

Fri
09
Aug

Is Namaste stock on the verge of a breakout?

Namaste TechnologiesĀ (TSXV:N)Ā is a Canada-based e-commerce cannabis company. Namasteā€™s investors have had quite a ride over the years. Namaste stock has risen over 400% in the last five years. These returns are impressive. But if you investigate further, you will see that the stock has lost a whopping 86% since September last year and has burnt significant investor wealth.

This means Namaste stock had been on an absolute tear between September 2014 and September 2018 when it returned a mind-boggling 5,583%. Most cannabis stocks have lost considerable value since October last year, but few have been decimated like Namaste.

Fri
09
Aug

The 5 biggest marijuana deals in history

If there's one thing we've learned about the marijuana industry over the past couple of years, it's that it's dynamic. With growth prospects for the industry skyrocketing, cannabis stocks have continued to evolve their businesses to take advantage of the changing marijuana landscape.

One of the many ways we've seen this evolution take place is through mergers, acquisitions, and investments, which have really picked up in the cannabis space since the beginning of 2018. With plenty of market share up for grabs, well-positioned and/or cash-rich direct and ancillary players have begun making moves to nab their piece of the fast-growing green rush.

Fri
09
Aug

Spectrum Therapeutics announces strategic patient support and education partnership with Medical Pharmacies

Spectrum Therapeutics, the medical division of Canopy Growth Corporation ("Canopy Growth") (TSX: WEED)(NYSE: CGC) today announced that it has entered into a five year service agreement with Medical Pharmacies Group Limited ("Medical Pharmacies"),Ā Canada'sĀ largest specialty pharmacy that services residents in long-term care, retirement homes and other settings. Under the agreement, Spectrum Therapeutics will be the preferred medical cannabis education partner to Medical Pharmacies and the seniors it serves in over 500 residences and care facilities.

Fri
09
Aug

This cannabis stock soared 21% in July

Cannabis stocks have struggled in recent months, and July was no exception. The firing of Bruce Linton and theĀ CannTrustĀ scandalĀ definitely shook up the industry.

Although CannTrust was hit the hardest, losing more than 56% of its value during the course of the month, many other marijuana stocks were hit hard as well.

Canopy GrowthĀ andĀ Aurora CannabisĀ both saw their share prices fall by more than 20% in July.

Fri
09
Aug

How Canopy Growth (TSX:WEED) overshadowed Cronos (TSX:CRON) earnings

Cronos GroupĀ (TSX:CRON)(NASDAQ:CRON) announced second-quarter earnings results on Thursday before the market open. This quarterā€™s earnings are quite the event for theĀ cannabis industryĀ given all the profit-boosting regulatory changes this year.

The company nearly tripled earnings during the first six months of 2019 versus the same period last year. However, very few investors showed up for Cronosā€™s earnings afterparty on the TSX. Despite announcing net revenue of almost $16 million, Cronos shares declined by around 3% on market open. Hereā€™s what happened.

Thu
08
Aug

Cannabis Canada: Ex-CannTrust CEO urged chair to fix governance issues

Ex-CannTrust CEO warned on governanceĀ 

The former chief executive of CannTrust HoldingsĀ expressed concernĀ over the pot producerā€™s corporate governance practices in December, according to a letter obtained by BNN Bloomberg. Peter Aceto warned then-chairman Eric Paul that the issues needed to be resolved, and said that he ā€œfearedā€ his performance as CEO would suffer as a result of them.

Thu
08
Aug

Cannabis N.B. blames multi-million-dollar loss in Q1 on illicit weed market

Cannabis N.B. is reporting a $2.2 million loss for the first quarter of 2019 and the provincial cannabis retailer has pointed its finger squarely at the culprit: the illicit market.

The loss comes on the heels of a previous loss of $11.7 million during the first six months of legalization,Ā CTV News AtlanticĀ reports.

A Cannabis N.B. spokesperson noted in a recent statement that unlicensed dispensaries in the province were monopolizing the cannabis retail trade.

Thu
08
Aug

Asparagus makes way for marijuana in Canada's fields

Despite a cool, wet start to the growing season, the pot plants were already chest high by mid-July at WeedMD Inc.ā€™s (WMD.TO) farm in southwestern Ontario, a region better known for producing fruit and corn than cannabis.

WeedMD is one of 13 Canadian pot companies that have been granted outdoor cultivation licenses in an industry that predominantly grows in greenhouses or warehouses. It has planted 21,000 plants on 27 acres that formerly grew asparagus, and expects to harvest more than 25,000 kilograms (55,000 pounds) of dried pot from its outdoor operations this year, more than half its total production.

Thu
08
Aug

Canadian cannabis firms, tech are millennialsā€™ top stocks

Millennial investorsĀ are showing some clear trends in the equities they choose to hold.

Perhaps unsurprisingly, younger investors want to buy stocks in innovative, current, industries, with technology and Canadaā€™s burgeoning cannabis sector among their favoured investments.

The inaugural Apex Millennial 100 Report from wealth management tech firm Apex Clearing analyzed more than 658,000 investment accounts of those with an average age of 30 years and 10 months, to gain greater understanding of the ā€˜modern investorā€™.

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