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.”


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: 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.


Canada: Calgary council panel wants to ease rules for locating cannabis stores

Some councillors are recommending the city relax proposed rules governing where cannabis stores can operate in Calgary.

A proposal by staff to restrict the proximity of cannabis stores to schools, child-care centres, liquor stores, payday loan businesses and pawn shops was debated at a council committee Wednesday that attracted a sizable audience of industry representatives to council chambers. 

Committee members elected to drop post-secondary institutions from a rule preventing cannabis stores from setting up shop within 150 metres of schools.


Canada: Prohibition is best answer to cannabis in condos, legal expert says

Alberta condominium boards that  fail to make their buildings cannabis-free before marijuana is legalized risk sparking serious discord within their properties, says a lawyer who specializes in condominium law.

The legalization of recreational cannabis is rife with potential problems for property managers, said Robert Noce.

Condo boards, and landlords responsible for multi-unit buildings would be wise to nip the problem in the bud, before the summer deadline, he said. 

"In order to minimize conflicts, you've got to go with total prohibition," Noce said in an interview with CBC Radio's Edmonton AM.


Canada: Aurora Cannabis buys stake in Liquor Stores N.A. Ltd., plans cannabis stores

Aurora Cannabis Inc. has signed a deal to buy a minority stake in Liquor Stores N.A. Ltd., which plans to launch a brand of cannabis retail stores.

Under the deal, Aurora will acquire a 19.9 per cent stake in the company for $103.5 million through a non-brokered private placement.

It will also have an ability to increase its interest in Liquor Stores up to 40 per cent with an additional investment.

Liquor Stores plans to use the money to establish and launch a brand of cannabis retail outlets.

The retailer says it will convert some of its existing stores into cannabis outlets and establish new locations.


Canada: World's biggest licensed cannabis facility gets green light to grow

The world’s largest licensed cannabis facility just got the green light to start growing right outside of Edmonton.

Aurora Sky, the 800,000-square-foot greenhouse located on the Edmonton International Airport land, received its Health Canada cultivation licence Monday.

“We are excited as can be,” said Cam Battley, Chief Corporate Officer of Aurora Cannabis.

The greenhouse is still under construction but has several grow rooms prepared to get rolling as early as this week.

“We are ready to start growing right away,” Battley said.

“We’re anticipating our first harvest in the second calendar quarter of this year, and completing the entire 800,000 square feet by this summer.”


Forget about oil. Alberta is poised to become the province of marijuana

Associated professor at the Cumming School of Medicine and the O'Brien Institute for Public Health at the University of Calgary. She was the lead author of the Cannabis Evidence Series, commissioned by the Alberta government to inform its provincial response to federal legalization.

The friendly market takeover of CanniMed Therapeutics by Aurora Cannabis will have a significant impact on the cannabis production and distribution landscape in Alberta.


Cannabis sector deal-making already off to a hot start in 2018

The first week of 2018 has seen a number of deals in Canada’s cannabis industry — a busy start to a year that is expected to include the legalization of recreational pot and plenty of mergers and acquisitions in the sector in general. Here’s a round up of some of the most notable transactions from the past seven days:

Going Dutchman

On Friday, Edmonton-based Aurora Cannabis Inc. announced that it had struck a $55-million deal to buy, via private placement, an initial 17.62 per cent stake in Ancaster, Ont.-based The Green Organic Dutchman Holdings Ltd. (TGOD).

TGOD is a licensed medical marijuana producer eyeing a March 2018 initial public offering.


Medical marijuana sales surge at Aurora ahead of recreational pot legalization

The already-legal medical marijuana market is providing brisk business for Canadian cannabis companies as they await the end of prohibition on recreational pot later this year. 

Alberta-based Aurora Cannabis Inc., one of Canada’s largest licensed medical marijuana producers, said Tuesday that November 2017 had been a “record” month for sales at home and in Germany, where medical cannabis is also legal. 

Aurora said it sold 354,000 grams or gram equivalents in November, and reported net cannabis revenues of $3.1 million. That’s up significantly from the same period in 2016, when the company’s sales topped 200,000 grams for what was then a record.


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