Tilray buys Manitoba Harvest, eyes CBD food and drink market

Tilray is buying Manitoba Harvest, the world’s largest hemp foods manufacturer, for $317 million from Compass Diversified Holdings, eyeing the growing CBD food and drink market in the U.S.

The acquisition, announced Wednesday, gives Tilray access to the U.S. CBD market — and traditional retail spaces — starting with a line of CBD tinctures, sprays and soft gel caps, expected to launch this summer.

Tilray will issue another $37 million (C$49 million) in shares to Manitoba Harvest based on certain financial milestones in 2019.


Hemp-foods firm Manitoba Harvest sold to cannabis group Tilray

Manitoba Harvest, the Canada-based hemp-foods business, has accepted a takeover offer from Tilray, a local peer producing and distributing cannabis.

Tilray has struck a cash-and-shares deal to pay CAD419m (US$314.6m) for FHF Holdings, the parent company of Manitoba Holdings, which it described as "the world's largest hemp food manufacturer and a leader in the natural foods industry".

Set up in 1998, Manitoba Harvest manufactures and markets hemp-based consumer products sold in more than 16,000 stores in Canada and the US. The company's products include Hemp Yeah granola and Hemp Bliss milk.


We compared legal marijuana prices across Canada and some provinces are getting ripped off

If your province or territory nabbing the best deal?!

It's officially day two of cannabis officially being legal in Canada. While we are all probably coming off the high of such a big milestone for the country (pun absolutely intended), Canadians are shocked to see how different the legal purchasing experience is from province to province. 

Not only do some provinces get to buy in store rather than online, but areas of the country are also seeing some extreme price differences for legal cannabis. Meaning you might want to consider a road trip to snag the best bang for your buck. Here are the current prices per gram of legal marijuana in every part of Canada, so you can see how your province stacks up. All prices listed are in CAD.


From buying to selling to smoking, what we know about the pot rules in Manitoba so far

You'll soon be able to legally buy and consume cannabis in Manitoba — but there are plenty of rules to dictate exactly how you can do that.

On Oct. 17, Canada will become the first country in the G7 to legalize cannabis on a national level.

But it won't be a free-for-all: Ottawa and all the provinces will still enforce rules on its use, and those rules will differ from province to province. Here's what we know so far about how it's going to work in Manitoba.

Using it

To start with, Manitobans who want to use cannabis have to be 19 or older.


Smoking in public, growing at home among Manitoba’s marijuana

With legalization of marijuana in Canada just six weeks away, the provincial government agency with jurisdiction over legal cannabis is launching a public awareness campaign to let Manitobans know what they can and can’t do as of Oct. 17.

The Can and Can’t of Cannabis awareness campaign is focused on five key messages: you can only buy legal cannabis from licensed retailers; you can carry up to 30 grams in public; you must be 19 or older to buy or consume cannabis; you can’t grow cannabis at home; and you can’t smoke or vape cannabis in public.


Manitoba won't charge sales tax on recreational marijuana

Buried dozens of pages deep in the Progressive Conservative government's Budget Implementation and Tax Statutes Amendment Act is a provincial sales tax exemption for recreational cannabis.

There will still be a series of fees and markups associated with the sale of legal marijuana, but an eight per cent sales tax isn't one of them.

Manitoba Liquor and Lotteries will charge retailers 75 cents per gram plus nine per cent to the retailers for managing the distribution of marijuana from growers to sellers.

Retailers will also pay six per cent of their revenues as a social responsibility fee to the government .


Manitoba announces ‘social responsibility fee’ and markups on cannabis

When legalization is implemented in Canada this October, cannabis in the province of Manitoba will be subject to a wholesale markup and a government fee.

The provincial government is applying a 75 cent markup per gram with an additional nine percent at the wholesale distribution level.

Additionally, six percent will be added to a retailer’s annual revenues. The provincial fee will be known as a “social responsibility fee” and will take effect sometime next year.

The Progressive Conservative government in the province says they will use that money to help pay for public education, safety enforcement and addictions programs.


Why you won't be able to buy weed in this Manitoba town—even when it's legal

On the shores of Gimli, Man., a popular beach town about an hour north of Winnipeg, sits a tall, bearded statue of a Viking wielding an axe. It commemorates Gimli’s history as an Icelandic settlement, the centre of a region that became known as New Iceland in 1875 and is still the largest harbour on Lake Winnipeg.

These days, the lakeside community of more than 2,000 people is known as a summer party hub for Manitoban tourists and cottagers. And not far from its famous monument, Crown Royal whisky is produced and distributed all over the world—a celebrated town ïŹxture since 1939.

All this to say: Gimli is a fun place.


National Access Cannabis Corp. Provides Update on Manitoba Retail Network

National Access Cannabis Corp. ("NAC" or the "Company") (TSX VENTURE: META) today announced that the government of Manitoba has awarded the Company permission to operate ten privately owned retail cannabis stores, as well as an e-commerce platform, in the Province.

The initial ten recreational cannabis retail stores are planned to operate under NAC's retail brand Meta Cannabis Supply Co.ℱ ("META") and are expected to be located throughout the Province, including a planned four in Winnipeg, one in Brandon and five in smaller Manitoba municipalities. These premium stores will be built around a model of customer education, immersive retail environments, technology and quality cannabis and cannabis-related product offerings, with a balanced range of pricing and product lines.


Delta 9 Announces Four Cannabis Retail Locations in Manitoba for 2018

Delta 9 Cannabis Inc. (TSXV: NINE) ("Delta 9" or the "Company") is pleased to announce the planned locations for its first cannabis retail stores. Delta 9 intends to open two stores in Winnipeg, one in Brandon and one in Thompson before the end of the year. At least one of the Winnipeg stores is expected to be open on October 17, 2018, which is the date that has been announced as the first day for legal retail sales of cannabis. The Company's online sales portal will also be operating on that date.


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