Canada Marijuana Dispensary Count Tops 1,000 For the First Time July 19, 2020 AggregatedNews Canada 0 Comments In less than two years after the country legalized recreational cannabis, Canada has reached an important milestone. According to a report in BNN Bloomberg, the country's dispensary count crossed the 1,000 mark as of July 17, landing at 1,010. Of… Read More→
This VC firm predicted big cannabis would shrink. What happens next? July 8, 2020 AggregatedNews Canada 0 Comments Narbe Alexandrian did not see COVID-19 coming, and that’s okay. As chief executive officer of the cannabis venture capital firm Canopy Rivers (RIV.TO), he’s not in the business of predicting pandemics. What he did see prior to 2020 were cracks… Read More→
Restructuring issues and challenges in the cannabis industry June 25, 2020 AggregatedNews Banking, Finance & Real Estate, Canada 0 Comments The legalization of recreational cannabis in 2018 opened the doors for Canada to be a first-mover in what analysts predicted would be an exciting and lucrative industry. Although the cannabis industry has experienced significant business growth, recent headwinds have resulted… Read More→
Aurora Cannabis Plans More Layoffs, Facility Closures Amid Industry Turmoil June 24, 2020 AggregatedNews Canada, News & Insights 0 Comments (Reuters) - Aurora Cannabis on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry. For most marijuana companies in Canada, which… Read More→
Aphria, Aurora And Other Big Ag Cannabis Companies Pull Out Of Jamaica June 1, 2020 AggregatedNews Canada, Jamaica 0 Comments Canadian Licensed Producers (LP) of cannabis are leaving Jamaica in droves, due in part to stalled governemental decisions on export licenses. Aphria (TSE: APHA), is "halting all further investments in Latin America and the Caribbean," said a former employee exclusively… Read More→
3 Glaring Problems in OrganiGram Holdings’ Q2 Results: The Canadian cannabis producer’s update included plenty of bad news. April 15, 2020 AggregatedNews Banking, Finance & Real Estate, Canada 0 Comments Canadian cannabis producers have been shell-shocked by problem after problem. OrganiGram Holdings(NASDAQ:OGI), though, ranks as one of the strongest in the industry and has had fewer issues than most of its rivals. The company hit a home run with its fiscal… Read More→
Canadian Cannabis Firms Addressing Illegal Markets April 2, 2020 AggregatedNews Canada 0 Comments These companies initially seemed to believe that regulators and law enforcement would drive out the illicit market dealers. That hasn't happened. The promise of legalization was that it would end the black market for cannabis. The theory was that cannabis… Read More→
‘The legal stuff is garbage’: why Canada’s cannabis black market keeps thriving March 18, 2020 AggregatedNews Canada 0 Comments Cannabis may be legal in Vancouver but visitors looking to score are likely to run into a seemingly counterintuitive suggestion: try the black market. Recreational marijuana was legalised across Canada in October 2018. And yet on Reddit, the specialist forum website used by… Read More→
How are Canadian cannabis companies protecting employees from COVID-19? March 14, 2020 AggregatedNews Canada 0 Comments With limited paid sick leaves, can employees afford to self-quarantine? As health experts urge people to maintain social distancing, it remains to be seen how effectively Canadians can best practice this in the workplace. As far as federal legislation goes,… Read More→
Indiva Partners With Award-Winning Wana Brands, Inc. March 10, 2020 Press Release Canada, Press Releases 0 Comments PRESS RELEASE Leading U.S.-based cannabis-infused products producer chooses Indiva as first global partner LONDON, Ontario – March 10, 2020: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is excited to announce that it has partnered with award-winning Wana Brands (“Wana”)… Read More→
Canada’s Marijuana Sales Topped $110 Million in a Month for the First Time February 25, 2020 AggregatedNews Canada 0 Comments One year ago, marijuana stocks were about the hottest investment on Wall Street. Today, they're considered an investment that some wouldn't touch with a 10-foot pole. The expectation had long been that Canadian pot sales would skyrocket as soon adult-use… Read More→
Canada’s Lessons Learned from Legalizing Cannabis February 18, 2020 AggregatedNews Canada 0 Comments Canadian employers have been concerned about workplace safety following the legalization of cannabis for recreational use in October 2018 and the arrival of edible products in the country's retail market in December 2019. While Canadians now can legally consume cannabis… Read More→
More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs February 10, 2020 AggregatedNews Canada 0 Comments Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis ACB.TO and Tilray TLRY.O announced cost reductions this week. Canada legalized recreational cannabis in October… Read More→
Pot seizures jumped at U.S. border in the year after Canada legalized cannabis January 13, 2020 AggregatedNews Canada 0 Comments Marijuana seizures at the U.S. border jumped in the year after Canada legalized recreational cannabis. Figures provided by the U.S. Customs and Border Protection (CBP) show American officers seized 2,214 kg of marijuana from travellers entering the U.S. between Nov.… Read More→
Health Canada to start testing cannabis vape emissions from products already on market Social Sharing December 20, 2019 AggregatedNews Canada 0 Comments Agency tells CBC News it's 'expanding' its 'laboratory capability' Health Canada says it's preparing to test the health effects of inhaling substances emitted from cannabis vaping products that are already legally for sale in Canada. Agency spokesperson Eric Morrissette said… Read More→