Alberta Sees New Cannabis Producers Enter the Game amid Volatility

Alberta's latest cannabis growers said Tuesday they remain bullish about the nascent industry despite a major sell-off of pot stocks that has sent share prices tumbling for months.

After submitting its application for a production license four years ago, Airdrie's Sundial Growers secured Health Canada's approval last week, becoming the third legal producer of medical marijuana in Alberta.

The facility west of Airdrie is relatively small for the industry, at 30,000 square feet, but the company plans to break ground in the coming weeks on a $120-million grow-op spanning 400,000 square feet in the central Alberta town of Olds.


Construction underway on 800K square-foot Aurora cannabis facility near Edmonton airport

A groundbreaking ceremony was held south of Edmonton Friday morning on what’s touted to be the largest cannabis production facilities of its kind in the world.

The 800,000 square-foot Aurora Sky cannabis production facility will be capable of producing more than 100,000 kilograms of cannabis every year.

Larger than 16 football fields, the facility is being built on the land at the Edmonton International Airport.

“Beyond that, it’s so technologically advanced,” said Cam Battley, with Aurora Sky. “We’re using technologies that have never been used, in some cases in cannabis production and in other cases, in agriculture.


Green Bubble? Cannabis Investors on White-Knuckle Ride as Share Prices Fall

Canadian marijuana stocks have been on a punishing slide for three straight months despite a temporary blip of investor fever in April that sent share prices soaring to record highs as Ottawa tabled legislation to legalize pot.

An index of 12 top-performing cannabis stocks shows that share price gains in January and February have largely been erased by declines in recent months.


Aurora and Radient Technologies announce positive results from research joint venture

Aurora Cannabis Inc. (the "Company" or "Aurora") (TSXV: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and Radient Technologies ("Radient") (TSX-V: RTI) are pleased to announce the successful completion of their Joint Venture Research Activity ("JV"), confirming the effectiveness of Radient's proprietary MAPTM Technology and associated continuous flow design for extracting cannabinoids from dried cannabis. 


Aurora Cannabis acquisition of German marijuana wholesaler could be a game changer

Aurora Cannabis Inc. (TSXV: ACB) announced just before Friday’s closing bell that it plans to acquire Germany’s Pedanios GmbH, a wholesale importer, exporter, and distributor of medical cannabis in the European Union (EU). Aurora Cannabis’ stock had been halted for more than 24 hours pending this news.


Canadian Firm Launches Cannabis Staffing Agency

Do you want to be a “budtender”?

A new Edmonton-based staffing agency might be able to help you.

Cannabis at Work has launched the agency – which its founder says is the first of its kind in Canada – to connect prospective workers and employers in the cannabis industry.

“Organizations need to step up their operations, and we’re in a good position with our HR and workplace expertise and our relationships with the industry, to capitalize on that,” said Cannabis at Work founder Alison McMahon.

The company, which offers education and strategies for employers relating to cannabis and the workplace, will launch its staffing division at the Lift Cannabis Expo in Toronto this weekend.


The Green Room, national marijuana dispensary chain, opens first Calgary location

On a busy main street in Calgary’s Beltline neighbourhood, green medical crosses are emblazoned on the windows of a shop in an upscale strip mall.

Among the cafes, restaurants, and big-name retailers, a national chain of marijuana dispensaries has opened its first location in the city.

“We didn’t want to be pushed to the shadows,” said Frederick Pels, president and CEO of The Green Room, when asked about the storefront’s location.

“We didn’t want to be in the pawn-store-liquor-shop districts of cities. We picked it deliberately because we’re fighting a stigma.”


Alberta's Second Licensed Cannabis Facility Could Be the Start of a Big Future for Tiny Hamlet

Alberta’s newest medical marijuana operation is planting the seeds that could turn the quiet hamlet of Peers into one of the crown jewels in Canada’s cannabis kingdom.

In March, Acreage Pharma Ltd. became the second licensed pot producer in the province, opening a 630-square-metre facility near the tiny community south of the McLeod River.

But that building is just the start. Company co-founder Trevor Dixon hopes to break ground soon on a larger plant beside it, and is looking at a 23,000-square-metre third phase that would place the overall development among the country’s largest cannabis producers.


Alberta's Princes of Pot Riding Green Wave, but Focused on 'Winning'

When Terry Booth’s business partner approached him in the summer of 2013 with a relative’s plea for money to launch a medical marijuana business, he knew nothing about the industry.

Booth, an electrician who built a construction permitting business in Edmonton with partner Steve Dobler, declined to give the loan, concluding the relative lacked sufficient business acumen to ensure the venture’s success.

Instead, Booth and Dobler took the idea for a legal pot grow-op and ran with it, rewarding the “visionaries” who had the initial spark with positions in the startup.

Nearly four years later, Aurora Cannabis is Canada’s second-largest publicly traded marijuana company, worth $832.7 million on the stock market.


Alberta’s medical cannabis giant will be ‘ready on day one’ of recreational market

Alberta is poised to lead the way when it comes to establishing protocol for a recreational marijuana market, according to the medical marijuana giant Aurora Cannabis – which just happens to be based right here in Cremona.

A recent study from Deloitte Private found in Canada, the potential economic impact of legalized recreational pot is more than $22 billion – if you include things like transportation, licensing fees and security. 


Subscribe to RSS - Alberta