Ontario

Fri
06
Apr

Canada: Even where it's legal to sell marijuana, it's hard to advertise it

As the cannabis industry grows, generating an estimated $10 billion in annual sales, states are increasingly approving medical marijuana programs and passing adult-use laws.

But for marketing agencies, marijuana dispensaries and cannabis brands, advertising the pot brings its own hurdles.

Thu
15
Mar

Canada; Ontario cannabis regime in political crosshairs

Ontario’s newly branded cannabis retail stores haven’t started to sell marijuana yet, but they are already in the political crosshairs, and the burgeoning cannabis industry may be just fine with that.

Doug Ford, the leader of Ontario’s Progressive Conservatives, made comments Tuesday suggesting he favours a more privatized approach to the distribution of alcohol and legalized pot.

“I don’t like monopolies,” Ford told Ottawa’s CFRA radio station. “I don’t like government being involved in something that the private sector can handle.”

Ford’s comments did not seem to ruffle the cannabis industry, which is readying for Canada’s expected legalization of recreational marijuana later this year.

Mon
12
Mar

Canada: Ontario promises $40 million for marijuana law enforcement

The government of Ontario will give municipalities $40 million dollars from its share of federal marijuana taxes to help cover law enforcement and safety costs associated with pot legalization, the province announced Friday.

The money -- which will be provided to municipalities upfront, beginning before legalization takes effect later this year -- will come from the first two years of federal excise duties on producers of recreational pot.

Thu
08
Mar

Leaders in the cannabis industry celebrate International Women's Day

Women have always played an important role in horticulture as business leaders, breeders, growers, marketers, researchers and owners of commercial businesses. As the industry continues to evolve, more and more women are being recruited into the workforce and into leadership roles.

As a top manufacturer of commercial greenhouse facilities, structures and equipment, GGS is proud to use the talents and fresh perspectives of our female employees.

GGS is 75% women owned, and 50% of our senior management are women.

Wed
07
Mar

Canopy Growth among bidders for Spain’s Alcaliber

Canopy Growth Corp., the world's largest cannabis producer by market value, is among bidders for closely held Spanish firm Alcaliber SA, according to people familiar with the matter.

Canopy, based in Smiths Falls, Ontario, is competing against U.K. health-care investor GHO Capital and Spanish investment firm Alantra Partners SA, the people said, asking not to be identified because the deliberations are private.

The producer of morphine and thebaine could be valued at about 200 million euros ($246 million) to 275 million euros in a deal, they said.

While talks are ongoing and Alcaliber may attract more bidders, Canopy is seen as the most likely acquirer, the people said.

Final bids are due in coming days and a buyer could emerge by early April, they said.

Tue
06
Mar

CannTrust starts trading on the Toronto stock exchange

CannTrust Holdings Inc. (“CannTrust” or the “Company”), a licensed producer of medical cannabis under the Health Canada Access to Cannabis for Medical Purposes Regulation (“ACMPR”)  program, is pleased to announce that common shares of the Company will commence trading on the Toronto Stock Exchange (the “TSX”) effective on Monday March 5, 2018. Shares will continue to trade under the symbol “TRST”. In conjunction with the listing on the TSX, the common shares of the Company will be voluntarily delisted from the CSE, effective close of trading today Friday March 2, 2018.

Fri
02
Mar

Maricann announces termination of equity financing by underwriters and provides operations update

Maricann Group Inc. (CSE:MARI) (OTCQB:MRRCF) (FRANKFURT:75M) “Maricann” or the “Company”) announced today that it has received a notice of termination from Eight Capital, Canaccord Genuity Corp., GMP Securities L.P., Industrial Alliance Securities Inc. and Clarus Securities Inc.

Thu
01
Mar

Big Tobacco invests in Canadian marijuana, leaving B.C.'s craft-cannabis producers uneasy

A midsize U.S. company has bought majority stakes in two Canadian businesses to prepare for the medicinal-marijuana trade, marking the entry of the tobacco industry into legal pot here.

Earlier this month, an unremarkable sentence appeared in a quarterly report published by Alliance One International, a tobacco company headquartered in North Carolina.

“In January, we successfully acquired majority stakes in two new joint ventures,” it reads.

Wed
28
Feb

6 ways to outgrow your competitors in the cannabis industry

Competition in the cannabis industry throughout recreationally legalized States is becoming tougher. Many believe that the growth of the industry is being hindered by policies that won’t allow for an increase in the number of cannabis retailers despite the need.

Though the prices have dropped, the demand for the product is still extremely high, meaning that improving both efficiency and productivity in your marijuana greenhouse is more important now than ever.

Tue
27
Feb

Canadian firm becomes first pot producer to list on major U.S. stock exchange

The Nasdaq Stock Market will list its first cannabis shares on Tuesday, marking a key milestone for an industry that has been rejected by the Trump administration.

Cronos Group Inc., which already trades in Canada, will be the first marijuana company on a major U.S. exchange — right alongside Nasdaq stocks such as Apple Inc., Microsoft Corp. and Starbucks Corp.

The listing could help expand the so-called Green Rush. U.S. investors who were previously uncomfortable or restricted from putting funds abroad or into over-the-counter stocks now have a mainstream option that has passed muster with the Securities and Exchange Commission.

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