British Columbia

Synonyms: 
BC
B.C.
Tue
30
Jan

Marijuana growers install required (and expensive) vaults for security, now the rule is scrapped

After nearly 1,000 Health Canada inspections over four years found no evidence that marijuana was being diverted from licensed producers into the black market, the government decided to lower its security requirements.

Over the past six months, Damian Kettlewell’s small Vancouver-based medical marijuana company, BlissCo, has spent more than $100,000 buying, installing and retrofitting an old HSBC cash-transfer-station vault — complete with a 7,500-lb. door — in order to satisfy Health Canada’s strict security requirements for growing cannabis.

On Thursday night, he found out he didn’t need it.

Tue
30
Jan

Emerald Health Therapeutics and DMG Blockchain Solutions Establish LOI to Create Cannabis Supply Chain Management System and E-Commerce Platform

Joint venture Cannachain Technologies would leverage blockchain technology designed to achieve unprecedented seed-to-sale provenance, safety and efficiency for the legal cannabis industry.

Emerald Health Therapeutics, Inc. (TSXV:EMH) (OTCQX:EMHTF) and Emerald Health Sciences, Inc. (together, “Emerald”) and DMG Blockchain Solutions Inc. (“DMG”) have completed a letter of intent to form a joint venture, to be named CannaChain Technologies (“Cannachain”), to develop a foundational blockchain-based supply chain management system and e-commerce marketplace for the legal cannabis industry.  

Fri
26
Jan

Cannabis Wheaton Income Corp announces new streaming partner

Cannabis Wheaton Income Corp. (d/b/a Wheaton Income) (TSX-V:CBW) ("Wheaton Income" or "Wheaton" or the "Company") is pleased to announce that it has entered into a binding strategic alliance and streaming agreement (the “Agreement”) with IDP Group Inc. and HMT Solutions Inc. (collectively "IDP") whereby IDP, via a newly formed subsidiary (“CannabisCo”), will become a significant streaming partner to the Company, and the newest participant in the Wheaton Licensing Program.

Wed
24
Jan

'Bring it on': pop-up cannabis vendors defy Vancouver police crackdown

Cannabis vendors in Vancouver have returned to Robson Square despite a police raid Sunday night that resulted in arrests and the seizure of their products. 

"Bring it on," says vendor Colton Mulvale, who was selling dried marijuana under a pop-up tent Tuesday afternoon. 

Mulvale and a small group of self-proclaimed cannabis activists say they will continue to openly sell dried and edible cannabis products despite the risk of arrest.

Mon
22
Jan

Canada: Cannabis 'genetics bottleneck' a growing concern for budding licensed producers

As the number of licensed cannabis producers skyrockets ahead of federal legalization, industry leaders in B.C. fear a “genetics bottleneck” will stop newer growers from acquiring and growing unique strains.

Health Canada has doubled the number of licensed producers since last May to 88. But as these new growers sink millions of dollars into facilities, their access to diverse starting materials — seeds and seedlings — is hampered by stringent Health Canada rules that require them to be bought from a legal source, usually an established licensee or through government-approved importation from outside the country.

Fri
19
Jan

CanniMed postpones vote to discuss Aurora Cannabis’ acquisition

The market responded favorably to CanniMed’s (CMED.TO) (CMMDF) decision to postpone a shareholder vote on its proposed takeover of Newstrike Resources Ltd (HIP.V) (NWKRF) to January 25th.

Canadian cannabis producer CanniMed postponed the vote to discuss a possible transaction with rival producer Aurora Cannabis (ACB.TO) (ACBFF) and we are favorable on this move.

The cut off time for investor to deposit proxies is 10:00 am on January 23rd, 48 hours prior to the meeting. CanniMed and Aurora have agreed to a standstill until January 21st and until such time, and in connection therewith:

Thu
18
Jan

Shareholder votes on CanniMed merger could decide fate of hostile bid by Aurora

The fate of the first major hostile takeover attempt in Canada’s burgeoning cannabis sector could be decided over the next week when shareholders at a pair of companies vote on a merger of their own.

On Wednesday, Ontario’s Newstrike Resources Ltd., the recreational cannabis company backed by the Tragically Hip, will vote on whether to merge with Saskatchewan’s medical marijuana-focused CanniMed Ltd. Shareholders of CanniMed will vote on the same deal the following Tuesday.

CanniMed has been locked in an increasingly fractious battle with larger rival Aurora Cannabis Inc., which is trying to take over CanniMed in a deal that is contingent on the Newstrike merger being rejected.

Tue
16
Jan

Canada: Aurora Cannabis completes strategic investment in Micron Waste Technologies

Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) and Micron Waste Technologies Inc. (CSE: MWM) (OTC: MICWF), a developer of proprietary digester solutions for the treatment of organic waste, today announced that Aurora has completed a strategic investment in Micron and that the companies have finalized a collaboration agreement pursuant to which both companies will collaborate on the optimization of Micron's technology for the treatment of organic waste generated in the cultivation and production of cannabis products.

Mon
15
Jan

Aphria buys Broken Coast Cannabis in $230 million stock and cash deal

Licensed marijuana producer Aphria Inc. has signed a deal to buy Broken Coast Cannabis Inc., a cannabis producer on Vancouver Island, in a transaction it valued at $230 million in cash and stock.

Under the agreement, Aphria will pay up to $10 million in cash with the remainder in shares based on a deemed price of $15.09 per share. Each of the three co-founders of Broken Coast are expected to remain with the company.

Broken Coast operates an indoor cannabis production facility on Vancouver Island that it is expanding.

Thu
11
Jan

Canada: Lift Cannabis Expo brings marijuana industry into focus for investors

As the deadline for the legalization of recreational marijuana nears, a cloud of uncertainty hangs over the cannabis industry in B.C. Will the province follow the Ontario model of using the Liquor Distribution Branch to regulate recreational marijuana or a mixed model that incorporates the numerous storefront dispensaries already operating? Can licensed producers meet the demands for both recreational and medicinal cannabis? And what should investors be looking for as the cannabis space just keeps expanding exponentially?

Pages

Subscribe to RSS - British Columbia