Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Fri
22
Feb

Quebec firm on legal age for cannabis, but leaves wiggle room elsewhere

The government has no intention of backing down on its decision to increase the legal age to consume cannabis from 18 to 21, says Premier François Legault.

But following a pitch to show more flexibility Tuesday by Montreal Mayor Valérie Plante, Legault has indicated there may be some wiggle room on the government’s plan to drastically cut the number of public places where pot can be consumed.

He has speculated allowing edibles might be an option, because they do not produce smoke. Under the federal law, dried and fresh cannabis, oil, plants and seeds are legal.

Fri
22
Feb

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.

Fri
22
Feb

Whitehorse council considers allowing pot shops in the downtown core

City staff are recommending privately-owned cannabis shops be allowed in Whitehorse’s downtown core, including on Main Street, council heard at the Feb. 18 standing committees meeting.

In 2018, council created a new type of zoning – “Retail Sales, Restricted” – specifically to handle the sale of marijuana and related products. At the time it was implemented it was limited to the Marwell area, where the government-owned pot shop has already opened.

Fri
22
Feb

Weed, roads, shelters and employment top of mind after N.W.T. budget revealed

Money in the latest budget that's allocated to go to five shelters in the N.W.T. will go a long way to help people in need, says the executive director of the local YWCA.

Lyda Fuller was at the Legislative Assembly on Wednesday to hear the finance minister lay out the 2019-2020 operating budget. The Northwest Territories government expects to spend about $1.87 billion, slightly more than it brings in, over the next fiscal year.

The budget allocated $4.92 million to address the needs of vulnerable persons. Fuller says that includes an additional $500,000 to five family violence shelters in the territory.

Fri
22
Feb

Canada's largest cannabis company has its eye on new London store

Canada's largest cannabis company plans to open London's second brick-and-mortar cannabis retail store at a commercial plaza on Wellington Street South north of Bradley Avenue. 

Smith Falls, Ont.-based Canopy Growth plans to open the store at 1025 Wellington Street South under its Tweed brand, pending approval of its application by the Alcohol Gaming Commission of Ontario. 

The application has been filed through a numbered Ontario company, which is registered to a duplex in Toronto's Steeles Avenue and Leslie Street area. 

Fri
22
Feb

Aphria Stock (TSX:APH): Is the worst over for this top marijuana stock?

Aphria Inc (TSX:APHA)(NYSE:APHA) has been through a lot in the past six months. This top marijuana producer has faced a powerful attack from a short-seller, and it successfully battled a hostile takeover bid with Green Growth Brands Inc.

The biggest threat came from an allegation by Quintessential Capital Management and Hindenburg Research in December. The short sellers blamed  Aphria for overpaying for “largely worthless” assets in Jamaica, Colombia and Argentina when it acquired LATAM Holdings Inc. in September for $298 million.

Fri
22
Feb

What this beer giant just said about marijuana stocks

Constellation Brands (NYSE:STZ) is best known for its top beer, wine, and spirits brands, including Corona Light, Robert Mondavi, and Svedka Vodka. But it's also a marijuana stock. The company acquired a 38% stake in Canada's market share-leading cannabis company, Canopy Growth (NYSE:CGC), in 2018, and this week it offered some insight into marijuana's potential to justify its $4 billion investment. Here's what Constellation is saying about this emerging industry.

Thu
21
Feb

Bad weed's now the government's problem, and so are the inevitable lawsuits

Whether you're for or against the legalization of cannabis, Canadian taxpayers should know the civil liability that the government has created for all of us.

The Canadian government has failed to recognize that it is not insulated from civil lawsuits in the same way as black-market drug dealers.

Here is some free business advice from a personal injury lawyer to protect our government from the laws of unintended consequences.

Bought bad weed or had a bad trip? You were ingesting an illegal substance bought from a drug dealer. You cannot sue. Any adverse effects are your problem.

Thu
21
Feb

Aurora Cannabis makes board changes as director resigns

Aurora Cannabis Inc. (ACB.TO 1.64%) moved to strengthen its board of directors as it announced chairman Michael Singer will become executive chairman.

The company says Ronald Funk will become the lead independent director, while Shan Atkins will also join the board as a new independent director and head of the audit committee.

Diane Jang, CEO of Hempco Food and Fiber and an Aurora director since November 2017, has resigned from the board.

Atkins is currently on the boards of Darden, SpartanNash, SunOpta and LSC Communications.

Previously, she served on the boards of Shoppers Drug Mart, Tim Hortons and the Pep Boys.

Thu
21
Feb

Marijuana penny stocks to watch: Emerald Health Therapeutics shines

Marijuana penny stocks are trading red and green today on the market. The majority of the major cannabis companies are trading high in both the US and Canadian markets. It remains unknown at this time why most of the smaller cannabis companies are dipping.

There is one penny stock that is standing out from the rest on the TSXV though. Emerald Health Therapeutics Inc. (TSXV:EMH) (OTCQX:EMHTF) is dominating the marijuana penny stocks today. The cannabis company made a major announcement this morning that is pushing it past its competitors. Let’s dig deeper!

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