Ontario

Tue
22
Dec

MedReleaf Corp. Becomes the First and Only ISO 9001:2008 Certified Licensed Producer of ...

MedReleaf Corp. Becomes the First and Only ISO 9001:2008 Certified Licensed Producer of Medical Cannabis in Canada MedReleaf
Posted on: 22 Dec 15

MedReleaf is now the first and only medical cannabis producer in Canada to be officially certified an ISO 9001:2008 company, solidifying their position as a leader in quality assurance within the industry. This latest accomplishment is not only a Canadian first, but also a rare achievement in the cannabis production space anywhere in the world.

Tue
22
Dec

39% of young adults in Ontario would smoke pot if feds legalized drug: Poll

More young adults in Ontario say they would smoke marijuana if the federal government legalizes the drug, according to a new public opinion poll.

The provincewide survey, released exclusively to the Star by Forum Research, found that 29 per cent of respondents aged 18 to 34 reported using weed in the past year. But 39 per cent of people in the same demographic said they would likely take the drug if it were legal.

Forum president Lorne Bozinoff said the increase was not unexpected, given that young people generally have a more permissive attitude toward pot.

Mon
21
Dec

Jacob Securities to shut down

Jacob Securities Inc. is shutting down, making it the second small Canadian broker dealer to announce plans to get out of the business this week alone.

In an interview, founder Sasha Jacob cited the “regulatory burden” and “extraordinary cost structure” of being an Investment Industry Regulatory Organization of Canada (IIROC) member as a major reason for the firm’s struggles.

“Quite frankly the costs of maintaining retail and a trading desk ... have been a bit of a distraction and a drain on the firm” he said.

On Friday, IIROC announced it had suspended Jacob Securities’ IIROC membership which effectively puts the dealer out of business.  

Mon
21
Dec

Ontario Wants Marijuana Regulations Guidance From Federal Government

Ontario is looking for federal government guidance on regulating clinics that sell medical marijuana and on how pot should be sold for recreational use once it's legalized.

The federal Liberals promised in this month's throne speech to "legalize, regulate and restrict access to marijuana" to keep it out of the hands of children while also denying criminals the financial profits.

The new government plans to remove possession of small amounts of marijuana from the Criminal Code and create new laws to more severely punish those who provide it to minors or drive while under its influence.

Sun
20
Dec

Clear regulations needed for medical, recreational marijuana: Wynne

TORONTO -- Ontario is looking for federal government guidance on regulating clinics that sell medical marijuana and on how pot should be sold for recreational use once it's legalized.

The federal Liberals promised in this month's throne speech to "legalize, regulate and restrict access to marijuana" to keep it out of the hands of children while also denying criminals the financial profits.

The new government plans to remove possession of small amounts of marijuana from the Criminal Code and create new laws to more severely punish those who provide it to minors or drive while under its influence.

Fri
11
Dec

Aphria Announces Closing of Bought Deal Financing

Aphria Inc. ("Aphria" or the "Company") (TSX VENTURE:APH) is pleased to announce it has closed its short form prospectus offering, on a bought deal basis, including the exercise in full of the underwriters' over-allotment option. A total of 8,846,370 units (the "Units") of the Company were sold at a price of $1.30 per Unit, for aggregate gross proceeds of $11,500,281 (the "Offering"). Each Unit consisted of one common share of the Company (a "Unit Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (a "Warrant Share") at a price of $1.75 until December 11, 2018.

Fri
11
Dec

Pre-License Inspection For Kincardine Medical Marijuana Facility

The president of Supreme Pharmaceuticals says the pre-license inspection of their proposed medical marijuana growing facility in Kincardine went well.

John Fowler says if all goes as expected, they could receive their license early in the New Year.

He says a very thorough and detailed inspection took place Wednesday

“I would say primarily they’re looking for security features to make sure the site doesn’t represent a threat to the employees, to the security of the produce we hope to produce in the future, or to any of the stakeholders such as community members,” says Fowler.

He says a license would also mean they would likely need to hire more staff.

Thu
10
Dec

Ontario: More students smoke pot than tobacco

More Ontario students report using cannabis than tobacco, a survey released Wednesday shows.

About 21% of Grade 7 to 12 students in Ontario say they used cannabis during the past year, according to the survey by the Centre for Addiction and Mental Health. The usage was higher among older students; 37% of Grade 12 students reported using pot, while the report called marijuana use among seventh graders as "negligible".

Tue
08
Dec

Canada grants commercial producer first licence to sell cannabis oils

Ottawa has given a commercial medical marijuana producer the first licence to sell cannabis oils through the federally regulated mail-order system, six months after a Supreme Court ruling forced Health Canada to allow access to edible forms of the drug.

Peace Naturals Project Inc., based in Stayner, Ont., announced Monday that it is the first commercial producer to be approved to sell cannabis oil. Fourteen other commercial producers are listed on Health Canada’s website as being permitted to produce cannabis oil, but they are still awaiting bureaucratic approval to sell it. Currently, 20 producers are licensed to sell dried marijuana.

Fri
04
Dec

Bedrocan Canada Receives License Extension

Bedrocan is pleased to announce that it has received a license renewal for its shipping and storage facility in the Greater Toronto Area.

The license extension is valid for one calendar year from the date of issuance, December 2nd, 2015 and will allow Bedrocan to store and sell up to 240kg of dried cannabis during the licensing period. Bedrocan also holds a separate 2000kg production license that is valid through February 17th, 2016.

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