Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
10
Dec

Aspiring 'craft' cannabis producers running into unexpected roadblocks

Yan Boissonneault's daughter was turning blue.

Without warning, his baby had stopped breathing, and he frantically performed CPR while his friend James Gallagher called 911.

Years later, the men still become emotional remembering that day. Boissonneault learned that his daughter had a rare disorder that caused epilepsy, and when pharmaceutical medications failed to cure her seizures, he turned to CBD oil, a non-psychoactive substance in marijuana.

"It's been two years now and she hasn't had a seizure," Boissonneault said, standing next to rows of pungent marijuana plants under glowing white lights. "That's what got me involved in this. It's quite personal. ... The only profit it gives me is the joy of seeing my daughter smile."

Mon
10
Dec

Has OrganiGram Holdings Inc (OTCMKTS:OGRMF) hit bottom?

Is the bottom in for OrganiGram Holdings Inc (OTCMKTS:OGRMF)? It’s a question that will be on plenty of traders’ minds on Monday and to close out 2018. Our own sense is Yes, at least through the end of the calendar year, and quite likely well into next year.

To further flesh out the story, the company just announced it has secured a loan from Farm Credit Canada in the amount of $10M, which will be used to finance the expansion of the Company’s Moncton campus. The debt is for a term of five years at a variable rate of interest, and currently at 6.70%. The debt is secured against certain assets of Organigram.

Mon
10
Dec

Veterinarians caution against cannabis for pets

Local veterinarians are hesitant about animals consuming cannabis due to insufficient research. 

Under Canada’s legalization framework, cannabis can only be accessed for human use. However, as cannabis legalization has prompted much speculation about how the drug will affect humans, some people are considering if marijuana could be of medical benefit for their pets. Veterinarians and medical experts say owners should hold back, due to little research around the effects of marijuana on animals. 

Several local veterinarians in Fredericton, including Dr. Amy Hiebert at the Fredericton Animal Hospital, Dr. Mike Legge at Southpaw Animal Hospital and Dr. Jim Berry at Douglas Animal Hospital, offered their perspectives on the issue.

Fri
07
Dec

Is the boom in Canada’s marijuana stocks over?

Canada’s marijuana stocks have been under pressure since the country opened up its market for the recreational use in October. The steep decline in the share values of top producers have investors wondering if the legalization boom for the pot producers is over.

Fri
07
Dec

Could Canada use Nevada’s cannabis shortage protocol?

A majority of Canadian provinces are reporting cannabis supply shortages, as Canada’s licensed cannabis producers and distributors grapple to keep up with the demand for commercial cannabis. Demand for Canada’s recreational cannabis comes from customers that were already acquiring cannabis from the illicit market, and the second source of demand comes from new customers who have never used cannabis but are ready to give it a try. Several warnings about a potential shortage were circulating in the media in the run-up to legalization, but not everyone was sure the problem would manifest.

Fri
07
Dec

These three marijuana stocks peaked just in time for the holidays

With 65 percent of marijuana stocks losing value in November, last month certainly was not the easiest for cannabis investors. However, the holiday season brings news of three stocks that bucked November’s downward trend. Not only did these stocks finish November higher, each one experienced double-digit percentage gains.

Fri
07
Dec

Only two cautions issued to Manitoba retailers since cannabis legalized

Manitoba's cannabis regulator says stores in the province are following the rules of legalized recreational marijuana.

The Liquor, Gaming and Cannabis Authority of Manitoba says no retailers have been fined and only two cautions have been issued since sales were legalized in October.

One caution was for a broken lock on a storage unit, which was fixed.

The other caution was given to a store that took delivery of cannabis before the shop's retail licence was issued.

Liz Stephenson, the authority's chief administrative officer, says there has been excellent co-operation from retailers.

She also says inspectors are visiting each store on a regular basis to ensure compliance with rules governing storage, signage and more.

Fri
07
Dec

Marijuana producer Aphria’s stock rebounds after second short-seller report

Embattled Canadian marijuana producer Aphria Inc. saw its U.S.-listed shares rebound Thursday, after the company issued a rebuttal to a series of accusations leveled by a short seller even as new allegations were posted.

Fri
07
Dec

Canada’s largest cannabis conference since legalization sparks up at Parq Vancouver this weekend

On Dec. 9 Vancouver will host the largest cannabis conference in Canada since the federal government, on Oct. 17, legalized recreational marijuana use.

Dozens of industry experts will speak on the O’Cannabiz Conference and Expo’s many panels at the Parq Vancouver, during the event’s Dec. 9 through 11 run.

Fri
07
Dec

Supreme partners with Wiz Khalifa to bring hip-hop star's pot brand to Canada

The Supreme Cannabis Co. Inc. (FIRE.V) is partnering with a cannabis company founded by hip-hop star Wiz Khalifa to bring the musician's premium pot brand to Canada, but plans to tweak the incoming product to avoid running afoul of Health Canada's marijuana marketing restrictions. 

Supreme Cannabis will  pay Khalifa, the stage name of Cameron Jibril Thomaz, $1 million in cash in addition to about 5.7 million shares in the Toronto-based pot producer in return for exclusive rights to distribute the musician's "Khalifa Kush" cannabis brand and provide consulting services for the next three years. 

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