Ontario

Sat
05
Sep

Tweed Launches Community Engagement Centres and Acquires Interest in Cannabis Extracts Research Company

SMITHS FALLS, ON, Sept. 04, 2015 /CNW/ - Tweed Marijuana Inc., ("Tweed" or the "Company") (TSXV: TWD) is pleased to announce that it has entered into an agreement to acquire MedCannAccess ("MCA") by way of amalgamation in an all-equity transaction that aims to bring the Company's customer experience to new levels. 

Through the integration of MCA, Tweed and its subsidiaries will be able to offer in-person client services through MCA's existing network of community engagement centres in the key market of Ontario, making Tweed the first Licensed Producer in Canada to offer in-person services in the medical marijuana industry.

Fri
04
Sep

Medical marijuana bust in NOTL

It’s one of the largest medical marijuana busts in the country. Niagara police raided a medical marijuana grow on Lakeshore in Niagara-on-the-lake and cut down and seized nearly 900 plants, worth $1.6 million dollars.

Outside and behind the greenhouse police found 843 large marijuana plants growing in the hoop houses and on the grounds. Growing marijuana outside is illegal.  11 people were arrested and the property was seized.

Hans Rannala lives next door and says this marijuana grow op has been here for a few years.

The government tried to shut these types of medical marijuana grows down, but they’ve challenged it in court.

“My hands were tied.  Enforcement’s hands were tired.  They couldn’t do anything until the grow op did something silly or stupid.”

Fri
04
Sep

Ontario: Marijuana grow operation dismantled

Police have dismantled a large scale marijuana grow operation on Lakeshore Road in Niagara-on-the-Lake.

Police conducted an investigation after receiving several complaints. A search warrant was executed at the property and 11 people were arrested.

Niagara Regional Police report the location has four separate legal marijuana grow licences, however not one of the persons named on the licences were at this location at the time police executed the search warrant.

Police seized 843 large marijuana plants that were being grown outside. Police say the fact these plants were outside contravened the licence to grow as all the marijuana was to be grown indoors. The value of the marijuana seized is about $1.6-million.

Fri
04
Sep

Crown attorney notes danger of driving under influence of pot

A marijuana-impaired teenager driving an uninsured vehicle was placed on a year's probation and fined $500 in Sarnia court.

The 18-year-old pleaded guilty Thursday to the charges. They include driving while impaired, possession of marijuana, and driving an uninsured vehicle.

On May 9 police spotted the teen's vehicle nearly striking a parked car as it left a convenience store in Brooke-Alvinston. The vehicle swerved along the road until stopped by police.

The vehicle smelled of marijuana, police said. Three freshly-rolled marijuana cigarettes, including a partially-smoked one, were found inside. The marijuana weighed 3.6 grams.

An assessment by a drug recognition officer determined the teen's ability to drive was impaired by marijuana.

Fri
04
Sep

Tweed Marijuana Inc. Records a $1 million profit

Earlier this week, Tweed Marijuana Inc. (TWD) completed the acquisition of Bedrocan Cannabis Corp. (BED). The acquisition successfully combined the two largest Canadian medical marijuana producers and created a conglomerate in the Canadian medical marijuana industry.

The first priority for the newly combined company is to integrate its more than 5,600 active and registered clients and build on the unique strengths of each brand. Starting tomorrow, patients will have access to both product lines.

TWD records a $1 million profit in its most recent quarter

On Monday, TWD announced quarterly operating results and reported $1,011,783 in net income. The reported profit was primarily the result of an increase in the fair value of its biological assets.

Wed
02
Sep

CMCC Patient Advisory Committee Marks First for Medical Cannabis Industry

TORONTO, ONTARIO--(Marketwired - Sept. 2, 2015) - Today, the Canadian Medical Cannabis Council (CMCC) announced the launch of the medical cannabis industry's first Patient Advisory Committee (PAC). The Committee, which is comprised of leading patient groups from across Canada, will work to ensure patients and their best interests are the focus of the practices, activities and policy advocacy of CMCC.

The group currently includes representatives of the Canadian AIDS Society (CAS), The Arthritis Society, Canadians for Fair Access to Medical Marijuana (CFAMM), the Improving the Life of Children (ILC) Foundation and The Wellness Soldier. Over the coming months, CMCC will be recruiting additional members to join the PAC.

Wed
02
Sep

UBC study exposes labelling of marijuana strains

Not to harsh your mellow, but a new study suggests that labelling of marijuana, even by medical growers, is frequently inaccurate.

Dr. Jonathan Page of UBC's Department of Botany says users who seek out specific strains for medical or other reasons will often find their weed is not as advertised.

"Those classifications are actually quite inaccurate. The plants that were reported to be sativa were often not genetically sativa, and vice versa with indica as well," he said.

Dr. Page studied the DNA of 81 strains of marijuana from a medical grower in Ontario when he found the dubious labelling, suggesting this problem goes beyond illegal growers.

Tue
01
Sep

Tweed Marijuana, Canada's First Publicly Traded Weed Company, Swings To A Profit

SMITHS FALLS, Ont. — Tweed Marijuana Inc. is reporting its first profitable quarter since receiving a federal licence to produce and sell medical cannabis.

The Ontario-based company, the first marijuana manufacturer in Canada to be publicly traded, earned a net profit of $1 million or two cents per share in the three months ended June 30. A year earlier, it had a net loss of $1.16 million or three cents per share.

Revenue for the first quarter of its financial year was $1.7 million, up 39 per cent from the previous quarter and nine times the less than $189,000 achieved a year ago, when commercial shipments began.

Mon
31
Aug

Mettrum Receives Cannabis Extraction License from Health Canada

Mettrum Begins Cannabis Extracts Production

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2015) -Mettrum Health Corp. ("Mettrum" or the "Company") (TSX VENTURE:MT)(TSX VENTURE:MT.WT), a vertically integrated agri-pharmaceutical company focused on research, development, production and distribution of medical cannabis products, is pleased to announce that it has received a supplemental license from Health Canada for the production of cannabis extracts effective immediately. 

Mon
31
Aug

Canadian Cannabis Firms Close Merger

Tweed Marijuana, a publicly traded medicinal marijuana company on the Toronto Stock Exchange-Venture board (TWD), announced Monday morning that the company had completed its merger with Bedrocan Cannabis in an all-stock deal valued at about CDN$61 million on the day the arrangement was first announced in June.

Tweed is Canada’s first publicly traded medical marijuana company and Bedrocan is a clinical research firm that claims to be one of only two companies in the world currently capable of producing standardized full-bud, pharmaceutical grade medicinal cannabis. Bedrocan operates as a division of Tweed, and Bedrocan’s shareholders own approximately 40% of the merged companies. Tweed shareholders own about 60%.

Pages

Subscribe to RSS - Ontario