Canadians continue to buy cannabis illegally August 20, 2019 AggregatedNews Canada 0 Comments Nearly half of Canadian cannabis consumers purchase their weed illegally, reveals Statistics Canada’s National Cannabis Survey released Thursday (Aug. 15). Ten months after the country legalized recreational marijuana, 42% of those who partake admitted to buying at least some of their… Read More→
Here’s How Much Legal Marijuana Canada Has Sold Since Legalizing Adult-Use Cannabis July 25, 2019 AggregatedNews Canada 0 Comments The marijuana industry is expected to be a big-money business, and all eyes are on Canada. That's because Canada became the first industrialized country in the world -- and only the second country overall (behind Uruguay) -- to legalize recreational… Read More→
Canada ‘Blew’ Its Chance to Be the World’s Pot Leader June 10, 2019 AggregatedNews News & Insights 0 Comments Canada “blew it” on cannabis legalization and is rapidly losing ground to the U.S. as a result, according to the founder of one of the top investment bankers to the industry. A lack of policy innovation, a messy patchwork of… Read More→
Aurora Cannabis Sold 9 Tons of Marijuana Last Quarter May 15, 2019 AggregatedNews Cultivation 0 Comments Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact. Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to… Read More→
Aurora Cannabis Is on Pace for 780,000 Kilos a Year, With 1 Million a Real Possibility April 16, 2019 AggregatedNews Cultivation 0 Comments At the moment, there's simply no industry growing faster, or garnering more attention from Wall Street and investors, than marijuana. Following the legalization of recreational weed in Canada, and now having over 40 countries worldwide with some sort of medical… Read More→
Aurora Cannabis Marijuana Peak Production Leaps Higher April 13, 2019 AggregatedNews Cultivation 0 Comments Aurora Cannabis (NYSE:ACB) is Canada's second-largest marijuana company by revenue behind Canopy Growth (NYSE:CGC), but expansion projects could catapult it into first place someday. Aurora Cannabis went into this week with funded expansion projects targeting over 550,000 kilograms annually and exiting this week, its… Read More→
Canada’s legalization of marijuana offers a blueprint for the U.S. March 23, 2019 AggregatedNews Canada 0 Comments When Canada legalized cannabis last fall, the country began blazing a trail that the U.S. should one day follow. There’s much to emulate about the Canadian government’s approach to legalization, and a few things to avoid, but having marijuana legalized on such… Read More→
Marijuana Stock Aurora Cannabis Is Soaring Because a Top Analyst Sees Profits Around the Corner March 6, 2019 AggregatedNews Cannabis Investments 0 Comments Aurora Cannabis stock was rising sharply on Tuesday, up more than 9% following a bullish call from Cowen & Co. The back story. Aurora Cannabis stock (ACB) has been on a tear in 2019, rising 58.5% since the start of the year.… Read More→
Aurora Cannabis makes a ‘blessed’ buy of organic marijuana producer January 15, 2019 AggregatedNews Cannabis Investments, On the Move 0 Comments Aurora Cannabis Inc. said Monday it intends to acquire the one of the last independent members of the so-called “blessed eight,” a group of marijuana companies given the first approval to move cannabis genetics from the black market into the… Read More→
Marlboro maker said to be in talks to buy Canadian marijuana producer December 3, 2018 AggregatedNews On the Move 0 Comments Marlboro cigarette maker Altria Group Inc. is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc., as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Canada this year… Read More→
Canopy Growth CEO says ‘For sure there’s a marijuana bubble’ November 15, 2018 AggregatedNews Banking, Finance & Real Estate, Industry People 0 Comments Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. But Canopy’s (CGC) shares… Read More→
Aurora Cannabis Shares Gain on Post-Legalization Sales in Canada November 12, 2018 AggregatedNews Cannabis Investments 0 Comments Aurora Cannabis Inc., the first pot producer to report earnings since Canada legalized marijuana last month, gained as much as 5 percent in pre-market trading after profit and sales surged. Aurora posted C$29.7 million ($22 million) in revenue for the… Read More→
Marijuana Seizures Up 140 Percent at US-Canadian Border Since Legalization November 10, 2018 AggregatedNews Canada 0 Comments US Border guards have processed 108 marijuana seizures at the US-Canada border crossing between Buffalo, NY and Champlain, Ontario in October. That's a nearly 140 percent increase from the 44 marijuana seizures made at that same border crossing during October… Read More→
Canada Runs Low on Legal Marijuana Just Weeks After Its Approval November 8, 2018 AggregatedNews Canada 0 Comments Canada is running low on legal pot three weeks after the government approved the use of recreational marijuana, a shortage that is sending some frustrated consumers back to the black market. At least three provinces — Ontario, Quebec and New Brunswick… Read More→
These Countries Are Warning Their Citizens Not To Smoke Cannabis In Canada October 30, 2018 AggregatedNews Canada 0 Comments The governments of Japan, South Korea and China are warning their citizens to stay away from cannabis while they are in Canada, lest they damage their health or be faced with the possibility of repercussions at home. On Monday, the… Read More→