Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
08
Jan

Cannabis Canada Daily: Origin House shareholders aim to ward off hostile takeovers

Origin House shareholders to ward off hostile acquisition offers

After receiving unsolicited offers from several unnamed cannabis companies, about one-quarter of Origin House’s shareholders have bandied together in a "voluntary voting support agreement" that protects the cannabis company from hostile takeover offers. BNN Bloomberg reports that Origin House’s move comes amid a recent uptick in M&A activity in the sector and a rash of new listings from U.S. cannabis companies that have raised $1.5 billion in capital in the first 10 months of last year.

Tue
08
Jan

Marijuana penny stocks: Namaste Technologies and Supreme Cannabis

Marijuana penny stocks are trending green again this morning, as we kick off the second week of the new year! Major Canadian and US cannabis stocks are also climbing. Today, we’ll take a closer look at two marijuana penny stocks that are trending on the TSXV.

Tue
08
Jan

Luck of the draw could leave Ottawa with zero pot shops

It's the first day cannabis retailers can throw their names in a lottery for one of 25 licences to open a pot shop in the province, but the pull-from-the-hat approach could leave Ottawa without a single storefront.

Cannabis has been legal since Oct. 17, but so far, Ontario consumers have only been able to buy the product online.

Only 25 licences will be issued by Apr. 1 to the first wave of private retailers, with a lottery system determining the winners.

According to a local public affairs consultant, that's not the best way to combat black market cannabis sales — especially if Ottawa ends up without any legal outlets.

Tue
08
Jan

Tapping into the true potential of Cronos Group (TSX:CRON)

2018 was a banner year for marijuana stocks across North America. Over the past 12 months, the Canadian Marijuana Index (managed by MJIC) is up 10%, while the S&P/TSX Composite Index is down 11.5%. Star performers were driven mostly by the wave of marijuana legalization across North America. This year, that wave could spread further across the world.

However, the exuberance of last year must be reconciled with reality sooner or later. The combined market value of all the marijuana companies listed on the market today is $48.7 billion. That’s one-fourth the estimated global market size of recreational and medical marijuana in 2030.

Tue
08
Jan

Meet the black woman who is raising $900K to launch medical marijuana vending machines

PopCom, a leading Black-owned automated retail technology company specializing in smart vending and kiosk solutions, has announced its plans to develop a new blockchain-powered product ecosystem that enables cannabis, pharmaceutical and alcohol retailers to automate the sale of government-regulated products. The company is inviting forward-thinking investors to join them in bringing transformative technology to retail via their Security Token Offering (STO)–a public fundraising round that allows to anyone invest in the future of retail. The minimum investment is $252 and the team is looking to raise $945,000 in a 90 day period.

Tue
08
Jan

Here's why this small marijuana stock is soaring today

What happened

Shares of Neptune Wellness Solutions (NASDAQ:NEPT)rose nearly 19% today after the company announced that it had received a license from Health Canada to begin processing cannabis. (The Motley Fool contributor George Budwell announced the news before the company did.) The license allows the company "to handle dried cannabis, to manufacture and purify cannabis extracts and cannabis oil, and to sell its services to other license holders." 

Tue
08
Jan

Marijuana edibles are moving towards Canadian government approval

It’s been nearly three months since cannabis became legal for recreational use in Canada, and now the federal government is preparing to allow more products onto the market — in particular, edibles like baked goods, candy, and chocolate.

Tue
08
Jan

4 marijuana stocks looking to raise the bar

The end of the year was a large turning for the marijuana industry, as the year's events were instrumental in cementing the growth of the cannabis sector around the world. Specifically, in North America, many variables have fallen into place that have allowed for more favorable opinion surrounding cannabis. In turn, the trends towards accepting cannabis, and its countless uses, has allowed for companies in the space to attract investor attention. Following Canada's nation-wide legalization and the recent passing of the US Farm Bill, the nascent cannabis sector has shown exciting promise in terms of opportunities for investors looking to the space.

Mon
07
Jan

WeedMD issues Ontario greenhouse expansion update

Expansion of existing cannabis grow facilities and construction projects for brand-new greenhouses continue at a breakneck pace in Canada following the legalization of recreational marijuana.

Mon
07
Jan

Legal supply scant, Canada pot dealers still busy on corner

The legal cannabis stores that opened in Montreal last fall still look pristine. Curious customers file in, but the shelves they peruse are often bare. Supplies are so short the stores are shuttered three days a week.

A few blocks from one outlet, though, a longtime pot dealer was receiving a stream of text alerts one afternoon this winter, a sign of booming business.

When the government opened Canada's official recreational-pot market on Oct. 17, it was banking on the idea that many users would prefer to buy legally and that the black market would quickly begin to fade. It says things seem on track, with "early reports of a 65 percent reduction for illegally sourced products," according to a spokesman for the minister in charge of the cannabis file.

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