Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Thu
27
Dec

Manitoba based cannabis producer faces another round of Health Canada recalls

A Winnipeg-based cannabis producer is facing another round of recalls for marijuana sold in Manitoba and Saskatchewan.

Health Canada says 14 lots of dried cannabis produced by Bonify are part of the latest recall, due to either record-keeping or labelling issues.

With eight of the lots, Health Canada says there is a labelling error where the cannabinoid values and cannabinoid totals are reverse.

Health Canada says approximately 5,883 units of recalled product were sold between Oct. 22 and Dec. 20, 2018.

Earlier this month, the agency issued a recall of two strains of Bonify cannabis products that were being sold in three stores in Saskatchewan.

Thu
27
Dec

First private licensed cannabis store set to open in Vancouver

The Evergreen Cannabis Society is set to become the first licensed private cannabis retailer in Vancouver under B.C.'s new provincial cannabis laws.

The retail cannabis store, which has operated as a medical marijuana dispensary for the past three years, is located in Vancouver's Kitsilano neighbourhood. It is set to begin sales at 11 a.m. PT on Saturday.

Co-founder Mike Babins said he is "very, very excited" for Saturday morning.

"We went through all the stuff with the city for three years and now we spent the past four months going back and forth with the province and they were asking us every single little detail about our lives," Babins said.

"We finally made it through."

Mon
24
Dec

3 best Canadian marijuana stocks of 2018 -- Are they buys?

Sure, 2018 isn't quite over yet. But it's not too soon to start looking back at what has been the most pivotal year for the Canadian cannabis industry ever. And 2018 was a topsy-turvy one for Canadian marijuana stocks.

However, three Canadian marijuana stocks clearly set the bar this year. While most of their peers are likely to finish 2018 with lower share prices than they had at the beginning of the year, these three stocks have delivered impressive returns.

Mon
24
Dec

The 3 biggest marijuana questions in 2019

This has been a year of big gains for the marijuana industry, even if it's been quite the opposite for marijuana investors, who, in many instances, have seen their pot stocks fall by 25% or more this year. In particular, it's been a year of legitimacy for the cannabis industry. In October, Canada became the first industrialized country in the world, and only the second overall, to legalize recreational pot. Though it'll take a few years for growers to ramp up their production, this legalization validates the cannabis business model and paves the way for billions of dollars in added annual sales. We also witnessed a handful of U.S.

Mon
24
Dec

The 1 cannabis stock to watch in 2019

The enthusiasm of investors in cannabis in 2018 matched the excitement over the rise of the information technology sector. Big tech stocks powered the longest bull run in stock market history. Prior to the effectivity of the Cannabis Act, nearly all cannabis stocks raced to new highs, including Aurora Cannabis  (TSX:ACB)(NYSE:ACB).

But cannabis investors were mostly disappointed. What they saw was a cycle of price surges followed by sharp declines. It leaves a general impression that is the characteristic of the cannabis market. Volatility is a trademark that frightens investors. Even so, the evolution of the cannabis industry will definitely continue next year.

Mon
24
Dec

Canadians bought $43M worth of marijuana in the first 2 weeks after legalization

Statistics Canada says sales at cannabis stores in the two weeks after legalization totalled $43 million.

The agency started collecting data for in-store and online sales from cannabis retailers as of Oct. 17, when fresh or dried bud, oil, plants and seeds became legal for recreational use in the country.

The first set of data released Friday as part of the agency's broader monthly retail trade figures only encompassed two weeks, but will reflect a complete reference month in the future.

Statistics Canada says different retail structures in each province and territory affected cannabis availability across the country.

Mon
24
Dec

Where will Aphria be in 5 years?

It's getting to be that time when everyone starts looking forward to the coming new year and all that it might bring. But even more fun (and more tricky) is to look beyond just the next year and instead try to envision what might happen five years from now.

Mon
24
Dec

Health Canada releases draft proposal for edible and topical cannabis regulations

Recreational marijuana has been legal in Canada for more than two months, but some companies have been in limbo as regulations remain to be put in place for cannabis edibles, topicals, and extracts.

Health Canada has now released a first draft proposal of regulations for those products, which may have a large impact not just on retail store sales but also on the ability to consume marijuana in public locations.

Mon
24
Dec

Wiz Khalifa is preparing to take over the entire weed market in Canada

With Wiz Khalifa being one of the greatest stoners in hip-hop, it’s only right he partners with a reputable cannabis company.

Supreme Cannabis, 7Acres & Khalifa Kush Enterprises (KKE) had developed an international partnership.

This agreement was built to develop and launch high-quality cannabis products for both Canada and international markets.

Supreme Cannabis will be the exclusive producer of KKE products in Canada, which includes launching a strain called Khalifa Kush.

Mon
24
Dec

For Big Tobacco and brewers, grass is greener

Proponents of legal marijuana spent decades fighting a slow battle for mainstream acceptance. Now, with recreational use legal in Canada and many states in the United States, big business is suddenly swooping in.

Henrico County-based Altria, the maker of Marlboro and other cigarettes, announced plans in early December to pay $1.8 billion for almost half of Cronos Group, a cannabis company in Toronto.

In August, Constellation Brands, which owns Corona and other beers, paid $4 billion for a major stake in Canopy Growth, another Canadian marijuana company. That month, Molson Coors, another brewer, formed a joint venture with a cannabis company in Quebec.

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