It’s been an exciting couple of weeks for the marijuana industry in general and Aurora Cannabis (NYSE:ACB) in particular. This week, Aurora announced a new acquisition in Mexico that sent ACB stock significantly higher.

More than two dozen illegal cannabis dispensaries in Vancouver will have to close their doors, the B.C. Supreme Court has ruled.

The decision announced Thursday applies to all dispensaries named in a suit brought by the City of Vancouver.

So far, 53 injunctions have been filed against marijuana-related businesses operating outside the city's regulations. The city said in a statement that some closed prior to the case being heard in court, but the remaining 28 will now have to cease operations.

Owners who do not close down can face court-ordered fines, jail time or both, the city said.

Aurora Cannabis Inc. has signed a deal to invest $10 million in High Tide Inc., a privately held company with cannabis and cannabis accessory retail stores.

Under the agreement, Aurora will hold debentures that will bear an annual interest rate of 8.5 per cent.

The debentures will also be convertible into shares of High Tide at a price of 75 cents per share. High Tide has four cannabis retail stores in Alberta under the Canna Cabana banner, and a majority stake in KushBar Inc.

It also has plans to open more stores in Alberta as well as expand into Ontario and B.C.

In addition to the retail side, High Tide has two wholesale businesses – Famous Brandz and RGR Canada – and 19 Smoker’s Corner retail locations.

Montreal is creating a specialized police squad dedicated to snuffing out unauthorized pot production and sales.

The city's executive committee has allocated $1.3 million for the cause, according to a statement issued Thursday. The same amount will be renewed in early 2019 to cover the period from January to March.

Montreal is getting the funding from the provincial government under the ACCES Cannabis program, aimed at wiping out the "underground cannabis economy."

Though cannabis is legal in Canada, unlicensed production, even for personal use, is prohibited in Quebec. Marijuana can only be sold by the Société québécoise du cannabis (SQDC).

A total of 26 police officers and two administrative staff members will join the Montreal police squad.

While some Canadians who use marijuana or work in the cannabis industry have been given a hard time at the U.S.-Canada border lately, the famed Edmonton-born stoner who lives in Los Angeles isn’t worried.

“I’ve got the Cheech and Chong pass,” the beloved comedy star of the Cheech & Chong drug-culture films, who is a marijuana advocate and has his own line of medicinal cannabis products, said during a recent visit to Toronto to shoot the upcoming Air Farce New Year’s Eve comedy special.

“They see us coming: ‘Oh my God, it’s you, come over here.’ I could be carrying a kilo, a ton of weed and they’d say, ‘Go on through, no problem.’ They know better, because I always have weed on me.”

Health Canada has recalled two cannabis strains which were sold in three stores in Saskatchewan.

The recalls involve the 3.5 grams of Cherry Lime and Warlock Kush cannabis strains produced by Bonify Ltd. which is based out of Manitoba.

According to the alert, 52 units of product were sold at three cannabis retailers: Cannabis Co. in Regina, Spiritleaf in Moose Jaw, and The Pot Shack in Saskatoon. The affected cannabis products were sold between November 20 and November 30.

Although the national public health organization hasn’t received any complaints yet, it said the products do not meet some of the microbial and chemical contaminant limits set by federal cannabis regulations.

In Canada’s first legalized cannabis Christmas, 12 per cent of adults in Alberta will be giving pot as a gift this month, says an online poll conducted for marketing outfit Lift & Co. that canvassed 1,512 adults across the country on Dec. 5.

The results were similar for Manitoba, which, along with Alberta, leads the country in the number of cannabis retail stores, with 16 and 65 locations licensed respectively.

Quebecers, at eight per cent, are the least likely to offer a pot present Dec. 25.

Twenty per cent of Millennials — those aged 18 to 34 — said they’d be purchasing a marijuana gift, by far the most likely demographic to do so, said the poll.

Nova Scotia's finance minister says she will be firing off another letter to Health Canada to register the province's concerns over a growing shortage of cannabis.

Karen Casey says Nova Scotia is getting only 35 to 40 per cent of the cannabis it needs to meet demand at government-run outlets and she wants to make that clear to the federal regulator after two previous letters.

Casey says one producer in Nova Scotia has been approved by Ottawa and two more are ready to go, so she's encouraging Health Canada to give them the approval they need.

She says there has been no need yet to close any of the 12 shops run by the Nova Scotia Liquor Corporation because of product shortages, but the situation is being monitored.

Legal recreational marijuana is still quite new in Canada — just two months old — but of course social cannabis use has long been normal at certain gatherings.

"Cannabis has always been a very social activity," Dr. Jordan Tishler, a cannabis specialist and physician at Harvard Medical School in Boston, told HuffPost Canada in an email. "Standing around sharing a joint is a time-honoured tradition. Now that cannabis is legal [in Canada], we'll see its use in more conventional social circles emerge."

Following the legalization of recreational cannabis in Canada and the recent pullback, all eyes are on profitability and potential within the cannabis industry.

As such, we have identified three Canadian cannabis stocks that have distinguished themselves by posting positive EBITDA and net income in their last quarterly statements. These companies have significantly outperformed their industry peers which, on average, have reported EBITDA losses of $6.53M and net income losses of $5M.