British Columbia


Cannabis Wheaton Income Corp. and Sundial sign agreement for $7 million in debt financing

Cannabis Wheaton Income Corp. (TSX-V:CBW) ("Cannabis Wheaton" or the "Company") is pleased to announce that it has entered into a definitive agreement whereby the Company has provided Sundial Growers Inc. ("Sundial"), an Alberta-based Licensed Producer, with $7,000,000 in non-dilutive debt financing by way of an instrument evidencing a debt obligation repayable by either the payment of a buy back amount or the delivery of cannabis product (the "Note").

The proceeds of the Note will be used by Sundial to add to its current funding for the construction of a new 545,000 square foot state of the art cultivation facility to be located in the Town of Olds, Alberta.


Canada: EnWave expands agreement with Tilray providing for cannabis drying in Portugal

EnWave Corporation (TSX-V:ENW) (FSE:E4U) (“EnWave”, or the "Company") reports today that it has expanded its exclusive, sub-licensable, royalty bearing commercial license with Tilray (the “License”) to include an exclusive option for the use of EnWave’s Radiant Energy Vacuum (“REVTM”) technology for the processing of medical cannabis products in Portugal (the “Option”).

In order to exercise the Option, Tilray must submit a purchase order for large-scale REVTMmachinery in the first half of calendar year 2018, and pay the deposit required thereunder, to be installed in Portugal for commercial processing of cannabis products. All other terms of the Option are confidential.


BC budget reveals outlook for cannabis revenue

The B.C. government expects to rake in $200 million in revenue from cannabis sales taxes by March 2021, it revealed as part of its February 20 budget.

That revenue would start to flow once the federal government legalizes adult use of cannabis – something that is expected later this year.

Provincial revenue expectations are much higher than past federal projections and include $50 million in the 2018-19 fiscal year, which starts April 1.

The B.C. government expects that in each of the 2019-20 and 2020-21 fiscal years it will generate $75 million from cannabis tax revenue.


Canadian cannabis business flies 100,000 plants to Vancouver amid real estate shortage

As big players search for ample enough space to run their businesses, analysts predict that the beginning of legal weed sales in Canada “will be even bigger than the end of prohibition of alcohol."

As the start date for legal recreational weed in Canada looms near, cannabis startups are scrambling to acquire ample real estate to grow enough weed to satisfy the impending demand.


Medical cannabis rules still hazy for Canadian convicts, judgment shows

B.C. judge says offenders need more direction on 'what they must do and how to go about it'.

Seventeen years after Canada legalized medical marijuana, the corrections system is still grappling with how to handle convicts who say they need pot for health reasons, a recent B.C. court judgment reveals.

The case of Kevin Scott Miller, a repeat sex offender with a history of breaching the conditions of his release from prison, lays out some of the confusion over regulations for inmates and parolees who use medical cannabis.

It also shows how the issue is complicated by the recent proliferation of legitimate-looking but illegal dispensaries across the Lower Mainland.


Medical marijuana should remain distinct from recreational market, patients say

Diana Koch never wanted to numb her pain and anxiety with opioids. After seeing family members struggle with addiction, she felt pharmaceuticals were not an option.

Medical marijuana freed the 36-year-old from her troubling symptoms. But with recreational weed legalization looming, she worries about her portion of the market being swallowed up.

"People who are using it for medical purposes, they actually are suffering from something, from a condition that's handicapping them in some way in their life," she said, speaking from her home in Toronto.

"The recreational users are not," she added. "There is a difference."


Canada: B.C. Bud Rules

Other Canadian provinces have already announced how they intend to regulate the sale of non-medical cannabis, but the industry has been holding out for British Columbia – the home of B.C. Bud – with high hopes that the province would adopt a progressive model that would galvanise the sector and cement its cultural dominance of this nascent industry.   


More than 70 marijuana shops in Vancouver continue to blaze without business licences

A total of 73 illegal marijuana dispensaries continue to operate in Vancouver at a time when the provincial government is working toward setting up a framework for private and government-run pot shops to operate legally under a new federal law expected to be in place this summer.

Until then, the city’s business licence scheme to control the proliferation of dispensaries and regulate the shops — not the cannabis — still applies. City council adopted the regulations in June 2015 when an estimated 100 dispensaries were operating.


BC to allow marijuana use in public, but it won't be sold in liquor stores

Pot and liquor sales won't mix in British Columbia, but adults will be allowed to toke in some public spaces once marijuana is legalized later this year.

The province announced new details of its regulatory regime on Monday, including that cannabis will be sold online and through private and government-run stores. Retailers will not be permitted to sell weed in stores that sell liquor or tobacco.

B.C. will also allow people to smoke pot in public places where tobacco smoking and vaping are permitted, although it will be banned in vehicles and in areas frequented by children, including beaches, parks and playgrounds.


Canada: Educators offering more training for marijuana industry

From growing the perfect crop to marketing within restrictive rules, Canadian colleges and universities are cultivating courses for those wanting to work in the booming marijuana industry.

Kwantlen Polytechnic University started offering online courses in cannabis production, marketing and financing about three years ago after officials at the British Columbia school realized there was a need for training and education around medicinal marijuana, said David Purcell, the university's director of emerging business.

Demand is skyrocketing, prompting Kwantlen to offer the classes every four weeks instead of every eight to keep up with demand, he said.


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