Alberta

Thu
11
Oct

Canada's 'Silicon Valley of cannabis': Sundial has high hopes for pot production in Olds

With dreams of turning the Olds area into the Silicon Valley of pot, cannabis producer Sundial Growers opened its flagship, 500,000-square-foot building on Wednesday — one week before recreational use of the drug is legalized.

Sundial CEO Torsten Kuenzlen was at the ribbon-cutting ceremony that saw locals pack into a small, top-floor room at the Olds facility, where he spoke about his aspirations for the company. “We believe cannabis is a consumer-goods industry just like any other, and it doesn’t feel like that yet and it very quickly will be that,” said Kuenzlen, who hopes Sundial will have product hit Alberta shelves in December.

Wed
10
Oct

Security companies positioned to capitalize on growth in the legal marijuana market

A leading investor news resource covering security and cannabis stocks releases, Investorideas.com, a sector snapshot looking at how the two sectors are growing synergistically.

Tue
09
Oct

Radient Technologies Inc. receives controlled drugs and substances licence for its manufacturing facility

Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI) is pleased to announce that it has received its Controlled Drugs and Substances Licence, also known as a Dealer’s Licence (the “Licence”), from Health Canada’s Office of Controlled Substances for its Manufacturing Facility located at 4035 – 101 NW Street, Edmonton, Alberta.  

Mon
24
Sep

Canada: Technology hasn’t caught up to cannabis laws, Edmonton police say

With a little more than three weeks to go before marijuana becomes legal from coast to coast, Edmonton police say new technology for detecting impaired drivers hasn’t quite caught up with the legislation.

Drivers who smoke and drive could soon find themselves veering into untested territory, as law enforcement hashes out how to test for impairment.

Although the federal government earlier this summer approved a roadside device called the Drager DrugTest 5000 — which measures THC (tetrahydrocannabinol, the main psychoactive compound found in cannabis) — amphetamines, and cocaine levels in saliva, Edmonton police are still undecided about whether they’ll order the testers.

Thu
20
Sep

Canada: Alberta won't permit cannabis lounges until edible products are regulated

Albertans hoping to spark up in a cannabis cafe or lounge will have to wait until edible cannabis products are regulated, says the province. In a statement, the province said while they await more information on an easy-to-eat pot product, they will be ready to regulate brick-and-mortar consumption sites at a later date.

Health Canada has set a prospective date of July 2019 for the sale of edible marijuana products. Ward 3 Coun. Jyoti Gondek said a lack of government communication has caused issues that could have been prevented.

Thu
13
Sep

University of Alberta lays out new cannabis rules, including designated consumption areas

The University of Alberta is embracing Canada’s legalization of cannabis.

For many colleges and universities, the idea of cannabis on campus is a nonstarter. Where cannabis laws don’t expressly forbid consumption or possession of marijuana at schools, school administrators have set clear policies prohibiting them.

In the United States, these bans are so strict that they often prevent students with illness from bringing and taking their medicine at school, and have thus prompted legal challenges. In Canada, however, universities are taking a more progressive approach.

Tue
05
Jun

Alberta poised to lead Canada's retail cannabis sector amid impending federal legalization

New entrepreneur Shaun Baid is feeling excited about his prospects these days. Mr. Baid, a Calgary accountant who was laid off last year amid the energy sector downturn, is now working with three partners to open a cannabis retail store.

“It’s super exciting times, all across the country, but especially here in Alberta,” said Mr. Baid, chief financial officer of Kush Collective. “It feels like Alberta is where this whole gold rush is going to happen.”

That’s because Alberta’s NDP government has adopted a private model for cannabis retailers, following in the footsteps of the province’s private liquor retail model. (Online cannabis sales will be government-run in Alberta.)

Mon
09
Apr

Canada: Tech companies aim to reduce red tape woes for cannabis retailers

With an already established medical market, and the prohibition on its recreational market lifting soon, Canada's cannabis industry is growing fast, but retail shops could still face some hurdles when it comes to point of sale regulation.

According to Andrew Kim, chief technology officer for Greenline POS (point-of-sale), there will be strict regulations around something known as batch tracking.

“That’s where a product will come in, shipped in from the government to your store, and each of those will be bar-coded,” he said. “You’ll need to know where everything is, where and when everything is sold, and all of those need to be compiled into a report that the provincial and federal governments will require.”

Thu
01
Mar

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.

Tue
27
Feb

Canada: Radient Technologies Inc. announces master services agreement with medical cannabis supplier Bonify

Radient Technologies Inc. ("Radient" or the “Company”) (TSX-V:RTI) announces the signing of a Master Services Agreement (the “Agreement”) to produce a variety of cannabis extracts for Bonify (“Bonify”), a private, Manitoba-based Canadian-Licensed producer of medical cannabis.

Under the terms of this Agreement, Radient will use its proprietary microwave-based extraction platform and decades of extraction expertise to deliver “Extraction as a Service” to Bonify, an innovative, quality-driven Authorized Licensed Producer of Cannabis for Medical Purposes.

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