Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Thu
14
Mar

At what price is CannTrust Holdings worth buying?

The marijuana industry has blossomed before our eyes in a very short period of time. Having long been considered a taboo topic, cannabis is now a validated business model following the legalization of recreational weed in Canada this past October. It also doesn't hurt that two-thirds of all U.S. states have given the green light to medical marijuana in some capacity, and that more than two dozen countries worldwide now allow medical cannabis to be prescribed by a physician.

Thu
14
Mar

3 reasons 1 top analyst gives a thumbs-down to Tilray

Tilray (NASDAQ:TLRY) ranked as the best Canadian marijuana stock by far in 2018. It's been a different story this year, though. And one analyst thinks Tilray will probably continue to lag behind its peers in 2019.

Investment firm Jefferies initiated coverage of Tilray last week with an "underperform" rating.

Thu
14
Mar

Council to consider how to regulate pot use in Sudbury

Sudbury will become home to two new pot shops in the coming months, and city council is trying to determine how to address the increased presence of marijuana on the streets.

Earlier this year, the Alcohol and Gaming Commission of Ontario announced the Nickel City would become home to a shop operated by Anton Lucic, which will open near Milestones restaurant, as well as a second outlet, operated by Saturninus Partners. A location for this retail shop has yet to be confirmed.

Thu
14
Mar

The largest U.S. marijuana deal in history was just announced

Big things are afoot in the marijuana industry. Following the legalization of recreational pot in Canada this past October, the legal weed industry has been validated like never before. As a result, global sales projections for cannabis are going through the roof. Some investment banks on Wall Street predict that annual sales could hit as high as $75 billion by 2030.

Thu
14
Mar

Recreational cannabis isn't the cash cow the government hoped for

This month the federal government sent the first cannabis excise tax payments to the provinces. But almost none of the amounts was disclosed. That’s likely because the cheques were smaller than officials had expected. But perhaps it’s also because medical cannabis clients think the taxes are unfair.

British Columbia is the only province so far to disclose its excise tax revenues: $1.3 million for October to December 2018. It had expected $50 million total this fiscal year, but now will be lucky to get $3 million. Other provinces haven’t disclosed their receipts. Manitoba didn’t even mention cannabis revenues in last week’s budget.

We can, however, estimate pot tax revenues using other data. First consider the federal government’s share.

Thu
14
Mar

This tiny marijuana stock is a better bet than Tilray (NASDAQ:TLRY) or Canopy Growth (TSX:WEED)

Marijuana stocks have been on fire for much of the past year. In the run up to legalization, many of them climbed to eye-watering valuations from relative obscurity. If you’re looking to invest in a weed stock now, you’re probably a bit late.

The undeniable leader in this space is still Ontario-based Canopy Growth (TSX:WEED)(NYSE:CGC). South of the border, Tilray (NASDAQ:TLRY) seems to be the local favourite. Both have been exceptionally great investments for investors over the past few years, but they now trade at many multiples of their annual sales.

Thu
14
Mar

Will Amazon (NASDAQ:AMZN) get involved in cannabis?

Over the past few years, there’s been a lot of interest in cannabis from other industries. While most of it has been just tire kicking, there have been a couple of big deals, most notably involving Constellation Brands and Canopy Growth.

Thu
14
Mar

The best marijuana stock calls for March?

The month of March decided to show its ugly volatile head during the beginning, but as we now head toward the second half, it looks as though things may be turning just the other way. For anyone who invests or has invested in the cannabis industry, volatility does seem to be quite a common theme throughout.

This theme, while not ideal for some, has shown itself to be one of the greatest reasons to partake in the industry. Many investors have found that volatility is a characteristic that they can get behind because it allows for large gains, but also large losses. All in all, there are some stocks that have shown large amounts of potential for the future of the industry.

Wed
13
Mar

Monday Price Standouts: SugarBud Craft Growers, National Access Cannabis, SOL Global Investments

It was a fairly uneventful day in Canadian weedstocks on Monday, as the heavy-hitting news flow emanated down south. The Horizons Marijuana Life Sciences Index ETF (HMMJ) finished up modestly (↑1.29%), taking its cues from the major U.S. indexes.

But as usual, a handful of sector standouts took shape. Midas Letter recaps the non-Village Farms movers that most caught our attention.

Wed
13
Mar

A cannabis grow-op could be coming to Yellowknife

A proposed cannabis grow-op in Yellowknife got a warm reception from city councillors on Monday.

"You have somebody who wants to actually produce something that will be sold in the territory, that's a rarity up here. This should be applauded," Coun. Niels Konge said.

The warehouse facility would be located in the Engle Business District at 92 Falcon Road, west of the Yellowknife Airport.

Jordan Harker, the man behind the pitch, said the business is not affiliated with growers in southern Canada.

"We're looking at about 10 to 12 full-time jobs with probably 15 to 25 part-time jobs," he told city council during a committee meeting on Monday.

"It's our goal to be competitive with pricing."

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