Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Tue
30
Apr

Buds & Duds: Cannabis stocks flat on Monday; EnWave shares continue to jump on Aurora deal

Cannabis stocks had a lackluster start to the week, with many stocks flat on Monday.  

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, nudged up 0.2% to 303.02 by Monday's close. The Horizons Marijuana Life Sciences Index ETF fared better, up 1.7% at C$21.59.

Buds

There were a number of buds in the mix on Monday.

Tue
30
Apr

Choom™ (CHOO) (CHOOF) first branded store to open in Niagara Falls

Choom™ (CSE: CHOO; OTCQB: CHOOF) is pleased to announce that on Friday, April 26, 2019 , the Alcohol and Gaming Commission of Ontario (“AGCO”) issued a Retail Operator Licence to Lisa Bigioni , and issued a Retail Store Authorization for her Choom-branded cannabis store in Niagara Falls, Ontario , which is expected to open in May 2019 .

In accordance with the AGCO’s requirements, Ms. Bigioni, as a licensed operator, may finalize her store set-up, including ordering and receiving cannabis product and cannabis accessories into her store ahead of opening for business.

 The AGCO will also conduct a pre-opening inspection to ensure the store is ready to open for business and sell cannabis products to the public in accordance with all applicable regulations.

Tue
30
Apr

Sorry, but this major marijuana partnership isn't that impressive

For opportunistic investors looking to make money, there's arguably no industry generating more buzz than legal marijuana. Only about once or twice a generation do we really see an industry grow as quickly as legal cannabis may be able to over the next decade. If all goes well, Wall Street foresees between $50 billion and $75 billion in annual worldwide sales by 2029 to 2030.

Since growth like this doesn't come around all the time, marijuana growers have been busy expanding their capacity by any means necessary.

Tue
30
Apr

Ontario cannabis distributor cancels tender for same-day pot deliveries

Ontario's government-run cannabis distributor has cancelled its tender for couriers to make same-day pot deliveries.

The provincial corporation tasked with the online sale and distribution of recreational cannabis posted a cancellation notice on Friday via the Ontario government's tender portal.

The Ontario Cannabis Retail Corporation, which conducts e-commerce as the Ontario Cannabis Store, did not cite a specific reason for why it decided not to proceed, and the OCS was not immediately available for comment.

The corporation first posted the tender in January, calling for "expedited same-day delivery" for OCS orders. The project was set to begin as early as March in the Greater Toronto Area.

Tue
30
Apr

Aurora Cannabis Inc (TSX:ACB): Should investors expect more of this type of partnership?

There’s so much to like about the small but major procurement, licensing and strategic partnership deal that Aurora Cannabis (TSX:ACB)(NYSE:ACB) announced with a growing patented technology player EnWave Corp (TSXV:ENW) on Friday, April 26.

The latest deal could significantly improve operating efficiency, reduce working capital requirements, and allow bulk drying of cannabis materials at a fraction of the time while offering the marijuana firm a partnership and a chance to share in royalty payments from other licensees within large territories, yet on a small investment of just $10 million.

Tue
30
Apr

Waterloo startup develops app to have legal cannabis couriered right to your door

When Evan Adcock told his parents he was leaving university to launch his own tech startup, they weren't too happy.

The fact that it was to develop an app that facilitated cannabis deliveries only made it worse.

"Especially my dad, he's a conservative guy and a reverend — so when I told him, No. 1, that I was dropping out of school and, No. 2, to do legal drug dealing in his eyes, he was not very happy," said Adcock, the 20-year-old CEO and co-founder of Verda Innovations Inc., an app that connects legal cannabis stores with third-party couriers to guarantee same-day delivery to customers.

Tue
30
Apr

Meet marijuana's 14 billion-dollar pot stocks

Few if any industries have been as impressive over the past couple of years as the legal cannabis industry. With Canada becoming the first industrialized country in the world to wave the green flag on adult-use pot, and more than 40 countries giving the OK to medical cannabis in some capacity, Wall Street and investors are clearly expecting big things from this industry.

Mon
29
Apr

5 benefits and uses of CBD oil

Healthcare experts have shown that there are hundreds of cannabinoids present in marijuana that can be used to treat different medical conditions. It’s safe to say that there are plenty of benefits and uses of CBD oil.

Here are five benefits and uses of CBD oil:

Pain Relief

One of the core benefits of CBD is that it can relieve pain. Healthcare experts and groups of researchers have discovered that chronic pain, back pain, headache and other types of pain can easily be treated using marijuana. However, it needs to use it in an appropriate dosage.

Mon
29
Apr

Better buy: Aurora Cannabis vs. Scotts Miracle-Gro

Looking for winning marijuana stocks? Two that probably should be on your short list are Aurora Cannabis (NYSE: ACB) and Scotts Miracle-Gro (NYSE: SMG).

Shares of Aurora have soared more than 80% so far this year, while Scotts Miracle-Gro stock is up more than 35%.

If you can afford to invest in only one marijuana stock right now, though, there are plenty of things to consider when choosing between Aurora and Scotts. Here's what you need to know to decide which of these two marijuana stocks is the better pick.

Mon
29
Apr

Cannabis oversupply in Oregon as Canada faces shortages

Since the legalization of cannabis, companies and stores opt to produce and sell weed products to cater to a lot of users. This massive growth of producers is observable in different states including Oregon, which leads to the oversupply of cannabis.

At present, Oregon contains pot products that will take up to seven years for users to consume it. While it looks like a positive note, cannabis growers and companies see this event as a problem.

The issuing of a license to grow cannabis would be the closest to why it overproduces. Oregon state issued over 1000 licenses to different cultivators and companies as compared to Canada’s meager 138 producers.

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