Canopy Growth Corporation Announces Closing of Bought Deal Financing

SMITHS FALLS, ON , Nov. 18, 2015 /CNW/ - Canopy Growth Corporation ("Canopy" or the "Company") (CGC.V), is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, including the exercise in full of the underwriters' over-allotment option. A total of 7,012,700 common shares in the capital of the Company (the "Shares") were sold at a price of $2.05 per Share, for aggregate gross proceeds of $14,376,035.00 (the "Offering"). The Offering was underwritten by a syndicate of underwriters led by Dundee Securities Ltd. and including GMP Securities L.P., INFOR Financial Inc.


CAMH studying the effect of marijuana on driving ... by getting people high

Scientists at CAMH are getting people high, and then putting them behind the wheel -- of a driving simulator.

If Justin Trudeau's Liberal government legalizes marijuana in Canada, research by drug experts at the Centre for Addiction and Mental Health in Toronto may play a role in how it's enforced.

For the last two years, scientists Robert Mann and Gina Stoduto have been giving test subjects a joint, putting them behind the wheel of a driving simulator, and recording what happens under controlled conditions.

"The number one drug found in dead and injured drivers after alcohol is cannabis," Mann said. "Teenage drivers in high school are now more likely to drive after cannabis use than they are after drinking."


Canada's newest medical marijuana producer blossoms in Brant County

A former chicken processing plant in Paris has a new lease on life.

After a $10-million renovation, the facility is now home to Kindcann – Canada’s newest licensed producer of medical marijuana.

Unlike illegal grow-ops, it wasn’t a matter of finding some quiet space and planting some crops.

Health Canada requires growers to meet strict regulations for security.

As a result, the Kindcann plant has a controlled-access security system, perimeter fencing, and nearly 40 surveillance cameras.

CEO Maxim Zavet says he understand why the government mandates such strict security measures.

“They want to make sure that the product’s not being diverted from the facilities and ending up on the street,” he said.


Medical marijuana clinic opening soon in Burlington

A clinic for potential medical marijuana users is expected to open in Burlington later this month.

Toronto-based Canadian Cannabis Clinics, a chain of clinics operated by a small group of investors, had hoped to open here on Nov. 10 but logistical issues have pushed it back to the week of Nov. 23, said lawyer Ronan Levy, one of the business’ directors and its general counsel.

The clinic will be located in Suite 302 in the medical professional building at 3155 Harvester Rd., east of Guelph Line.

The cannabis clinic is for people already using medical marijuana or those who might end up using it.

“The people who come to see us are quite sick,” said Levy.


Canada’s cheapest pot producer sees sunshine as the secret to dominating legalization era

Canada's cheapest pot producer sees sunshine as the secret to dominating legalization era


In Leamington, Ontario Aphria Inc.'s marijuana greenhouse is probably a space as different as it could be from a drug dealer's dingy basement. But it is home to some of the lowest-priced commercial pot in the country. Canada's budding marijuana industry could blossom into a $5-billion market if Liberals make recreational pot legal It is already…


Judge warns teen about long-term marijuana use

KITCHENER — A judge gave a young Kitchener pot smoker a small lecture on Friday while alluding to the Liberal promise to legalize marijuana.

Justice Colin Westman told Goran Jazic, 19, that marijuana has medicinal value but, similar to alcohol, it can have a "negative impact," especially with long-term use.

Jazic, who attended Wilfrid Laurier University for a year, is intelligent, the judge said.

"Don't compromise it with this stuff," Westman told him. "To succeed in this world, you have got to have all your wits about you."

Westman noted the Liberal government will likely legalize marijuana soon.


Penticton marijuana club flying under the radar

PENTICTON–“All we’re doing is providing a legal product to a legal consumer.”That’s what Jukka Laurio of Penticton says about his marijuana compassion club.The club operates out of Laurio’s Rush In and Finnish Cafe.It is not licensed by the city.


Canadian chef schools class in cooking with cannabis

The prospect of the Trudeau government’s legalizing marijuana is prompting some pro-cannabis promoters to get, well, cooking.



GTA gets its first medical marijuana consultation centre

The GTA’s first medical marijuana consultation centre opened in Etobicoke on Thursday. Better by Tweed is located on Dundas St. W, near Kennedy Rd., and was established by Canadian medical marijuana supply company Tweed Marijuana Inc.

The Toronto Sun recently spoke with its chairman and CEO Bruce Linton.

Q: What does Better by Tweed do?

A: “They allow people who have any array of questions on medical access to marijuana: How do I get it? How do I use the product if I get it? They provide point of contact to the community. And the people who work in Better By Tweed locations answer those questions face to face. And on the occasions when there is no client present, they are part of a call queue assisting (people) on the phone.”


Windsor doctors get crash course in medical marijuana

Doctors nervous about prescribing medical marijuana got some answers Thursday night at an information session for physicians.

It was hosted by Canadian Cannabis Clinics, the company operating a cannabis clinic in Windsor.

Tim O'Callaghan, one of the physicians who attended, says marijuana has not been subjected to the same rigorous approval process as other new drugs.

"By the time it gets to us, in terms of being able to prescribe it, we've got very solid evidence around what the indications are for that medicine and what the right patient is to use it on," he said of drugs.

O'Callahan also says trying to figure out if a patient is faking an illness to get a marijuana prescription makes some doctors skeptical. 


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