Canada

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

Rise in Canadian pot sales helps Canopy Growth beat Q2 estimates

Canopy Growth Corp. reported better-than-expected second-quarter results on Monday as the pot giant benefited from a sharp increase in recreational cannabis sales in Canada, despite a rise in operating expenses. 

The Smiths Falls, Ont.-based company said it made $135.5 million in its second quarter, an increase of 77 per cent from the same period a year earlier. Canopy also posted an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $85.7 million, an improvement of 43 per cent from last year. 

Analysts polled by Bloomberg expected Canopy to report $119 million in revenue and an adjusted EBITDA loss of $88.9 million.

Fri
06
Nov

Canadian pot stocks under pressure despite 'green wave' of U.S. legalization

Shares of major Canadian cannabis companies traded in negative territory on Wednesday amid election results showing an uncertain pathway for the U.S. to legalize cannabis federally despite a "green wave" of state-led ballot initiatives that legalized marijuana in five U.S. states. 

While votes are still being counted the day after the U.S. election, voters in Arizona, New Jersey, South Dakota, Mississippi and Montana all gave the green light to legalizing cannabis for either medical or recreational purposes. 

Thu
05
Nov

Canopy Growth launches new CBD drinks in Canada, U.S. challenges loom

Canopy Growth (WEED.TO)(CGC) has launched CBD-based drinks aimed at pushing beverage-based pot beyond occasions where it’s socially appropriate to get high. While the Canadian pot giant continues to expand its infused drinks lineup at home, challenges lay ahead as the company looks toward the American market.

Thu
05
Nov

Kim’s Convenience star Jean Yoon tweets about receiving her first senior’s discount... at a cannabis store

Actor and writer Jean Yoon, who plays Umma, the matriarch of the Kim family in the CBC sitcom Kim’s Convenience, made a surprising discovery during a recent trip to her local dispensary.

The 58-year-old learned that she is now eligible for seniors discounts while shopping at Toyko Smoke.

Yoon did not disclose her purchase, but did reveal that the age to receive a senior’s discount at the Canopy Growth-owned retail chain is 55.

Tue
03
Nov

2 Canadian Marijuana Stocks To Watch In November

Are These Canadian Pot Stocks Worth Watching

Mon
02
Nov

Many will enjoy a very cannabis-friendly Christmas: Survey

Dreaming of a green Christmas?

About one-third — or 32% — of pot users would consider giving weed as a holiday gift, according to a Canada-wide poll done on behave of P.E.I.-based cannabis brand FIGR.

“It does seem fairly high to be honest with you, which is an optimistic sign for the industry and how far we’ve come in these two years,” said Andrew Quinlan, FIGR’s senior brand manager.

“And that’s coming from the new realities of life, it’s coming from two years of legalization. It does seem like cannabis is slowly but surely progressively getting more normalized.”

Fri
30
Oct

Study of Canadian Workers Shows No Link Between Cannabis Use And Workplace Injury

Workers in Canada who have toked up recently don’t appear to have faced any greater risk of a workplace injury than those who abstained, according to a new study out this week, suggesting that cannabis use isn’t necessarily linked to sloppiness on the job.

Fri
30
Oct

Canada dry? Cannabis-infused drinks fizzle due to production, distribution challenges

Investors pinning hopes on cannabis-infused drinks to propel growth of the legal marijuana industry may have to wait a bit longer, as companies struggle to produce and distribute the highly-sought beverages in a profitable way.

Nearly eleven months after regulators allowed their sales, very few brands have been able to reach shelves.

Canada at the start of this year allowed sales of so-called Cannabis 2.0 products, which include edibles, vapes and drinks. The products have been a big hit with customers during coronavirus-induced lockdowns, but producers have struggled to maintain timelines for the launch of the THC beverages.

Fri
30
Oct

CBD crystals are coming to Canada

Ontario’s MediPharm Labs Corp. has launched a new line of THC-free, 99 per cent pure CBD crystalline isolate to be sold under the LABS Cannabis banner.

According to a press release, it’s the first product of its kind in Canada.

Fri
30
Oct

Legal cannabis was considered a crazy industry until the pandemic hit us hard

The pandemic has made more people open to experimenting with alternate health and wellness remedies.

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