News 2017-11-25T19:11:16+00:00

Shoppers Drug Mart signs marijuana supply deal with Tilray Canada

The Canadian Press Published Friday, January 19, 2018 7:33AM EST  TORONTO -- Licensed marijuana producer Tilray Canada Ltd. has signed a deal to become a medical cannabis supplier to Shoppers Drug Mart. Subject to Health Canada's approval of Shoppers Drug Mart's application to dispense medical marijuana, Tilray will supply the retailer with Tilray branded medical cannabis products. The B.C.-based company expects the products will be sold online because regulations restrict the sale of medical cannabis in retail pharmacies. Tilray says its products are sold in pharmacies in seven countries around the world. Shoppers Drug Mart's deal with Tilray follows similar agreements that the retailer signed last year with MedReleaf (TSX:LEAF) and Aphria (TSX:APH). The pharmacy chain's parent company Loblaw Companies Ltd. (TSX:L) applied for a license to [...]

January 19th, 2018|Categories: Blog, News|Comments Off on Shoppers Drug Mart signs marijuana supply deal with Tilray Canada

Aphria buying Broken Coast Cannabis for $230 million in stock and cash

The Canadian Press Published Monday, January 15, 2018 10:21AM EST  LEAMINGTON, Ont. -- 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. "Adding one of Canada's most sought after premium brands represents a major triumph for Aphria and our shareholders and firmly establishes our position as a Canadian leader in premium indoor cannabis production," said Aphria chief executive Vic Neufeld in a statement Monday. Broken Coast operates an indoor cannabis production facility on Vancouver Island that it is [...]

January 15th, 2018|Categories: Blog, News|Comments Off on Aphria buying Broken Coast Cannabis for $230 million in stock and cash

Canadian marijuana producers go on hiring spree

Gemma Karstens-Smith, The Canadian Press Published Sunday, January 14, 2018 2:24PM EST  VANCOUVER -- Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year. The workforce is booming, said Alison McMahon, who runs Cannabis At Work, a staffing agency focused on the burgeoning industry. Right now, she's recruiting for positions in everything from growing and production to sales and marketing, all across the country. Stigma may once have kept people from applying for work with a cannabis company, but those perceptions have shifted and people are now excited about the opportunities, McMahon said. "I think that the people, at this point, who are looking at the industry and are excited [...]

January 15th, 2018|Categories: Blog, News|Comments Off on Canadian marijuana producers go on hiring spree

Toronto girl with rare seizure disorder thriving thanks to medical marijuana

  CTVNews.ca Staff Published Saturday, January 13, 2018 4:03PM EST  The family of a nine-year-old Toronto girl say a special form of medical marijuana is helping her cope with a rare genetic condition that causes severe seizures. Ava Calandra, 9, was born two weeks late and weighed less than five pounds (2.25 kg). Her parents soon noticed she wasn’t eating properly and struggling to breathe. “I called my husband at work and I said: ‘I'm taking Ava to SickKids Hospital and I'm not leaving until they tell me what's wrong’ and thank goodness I did,” Antonella Calandra, Ava’s mother, told CTV Toronto. After numerous tests, Ava was diagnosed with Wolf-Hirschhorn syndrome, a rare genetic disorder where patients are missing part of their fourth chromosome. As a result [...]

January 15th, 2018|Categories: Blog, News|Comments Off on Toronto girl with rare seizure disorder thriving thanks to medical marijuana

Legal pot won’t slow market for medical marijuana: advocate

Use of medical cannabis to treat everything from sleeplessness to anxiety likely won't change. Medical marijuana advocates say the number of patients using medical cannabis will continue to grow even when the drug becomes legal for recreational use. The federal government has said it intends to see recreational pot use legalized by July 1, and Saskatchewan announced earlier this week that it will be sold in 60 licensed stores across the province. Pot to the people: Sask. cannabis retailers pleased with provincial government's plan Government still can't say when legal pot goes on sale in Canada Federal marijuana legislation clears House of Commons, headed for the Senate But medical cannabis is already prescribed to thousands of people across Canada to treat everything from pain to disorders like Crohn's disease. While [...]

January 12th, 2018|Categories: Blog, News|Comments Off on Legal pot won’t slow market for medical marijuana: advocate

Ottawa urged to consider environmental impacts of legal marijuana

Dan Sutton always assumed cannabis had to be grown indoors. The former technology professional was new to the pot industry in 2012 when he founded Tantalus Labs. The stereotypical image of a large industrial warehouse, with pot plants growing under bright lights and fans, loomed large in his mind. But when Sutton asked academics, horticulturists and engineers for advice, they all told him that no crop on the planet is grown indoors on a commercial scale. “It just doesn’t really make a huge amount of sense to replace the energy of sunlight, which is so abundant and obviously healthy for leafy green crops, with a synthetic alternative,” he said. So he was focused on plant health, not sustainability, when he decided to build SunLab, a 120,000-square-foot greenhouse [...]

January 10th, 2018|Categories: Blog, News|Comments Off on Ottawa urged to consider environmental impacts of legal marijuana

We want to get it right:’ Private retailers to sell cannabis in Saskatchewan

REGINA — The Saskatchewan government says the sale of legal cannabis will be handled by the private sector with government oversight but it’s still mulling over a minimum age of consumption. Gene Makowsky, minister responsible for the Saskatchewan Liquor and Gaming Authority, says the authority will issue about 60 retail permits to private operators in as many as 40 municipalities and First Nations communities. Makowsky said the government opted to let the private sector handle sales because it would have been too costly for the government. “The cost associated with running a public entity would be quite substantial,” he said Monday. “Those tens of millions of dollars that would be required upfront, I’d rather see those go to schools and highways and roads in our province.” Permits [...]

January 9th, 2018|Categories: Blog, News|Comments Off on We want to get it right:’ Private retailers to sell cannabis in Saskatchewan

Aphria secures additional 120,000 kgs of expected annual cannabis production for January 2019(1)

NEWS PROVIDED BY Aphria Inc. Jan 08, 2018, 08:00 ET Aphria enters strategic relationship with local grower Accelerates capacity increase by over one year LEAMINGTON, ON, Jan. 8, 2018 /CNW/ - Aphria Inc. ("Aphria" or the "Company") (TSX: APH and US OTC: APHQF) today announced that it has entered a strategic relationship ("GrowCo") with Double Diamond Farms ("Double Diamond"), a local greenhouse grower, to provide an additional 120,000 kgs of annual cannabis production.  The deal accelerates Aphria's capacity increase by over a year versus building out its existing 100-acre site.  Combined with Aphria's existing expected cannabis production of 100,000 kgs, Aphria will have, what it believes to be, the largest fully funded production capabilities in the industry in 2019.  Aphria anticipates that all 220,000 kgs of expected annual cannabis [...]

January 9th, 2018|Categories: Blog, News|Comments Off on Aphria secures additional 120,000 kgs of expected annual cannabis production for January 2019(1)

U.S. pot industry frets, then shrugs off new Trump policy that brought confusion to legalization

Many in the industry said they’re keeping a wait-and-see attitude because the effect of U.S. Attorney General Jeff Sessions’ announcement earlier this week depends on whether federal prosecutors crack down on marijuana businesses operating legally under state laws. By PAUL ELIASThe Associated Press Sat., Jan. 6, 2018 SAN FRANCISCO—This week’s announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California’s $7 billion recreational weed market opened for business. But for long-term pot purveyors accustomed to changing regulatory winds, the decision was just another bump in a long and winding road to proving their business legitimacy. Many in the industry said they’re keeping a wait-and-see attitude because the effect [...]

January 8th, 2018|Categories: Blog, News|Comments Off on U.S. pot industry frets, then shrugs off new Trump policy that brought confusion to legalization

U.S. pot enforcement policy a lift for Canadian cannabis industry: experts

Armina Ligaya, The Canadian Press Published Thursday, January 4, 2018 6:17PM EST  TORONTO -- A move by the U.S. attorney general to quash an Obama-era policy that allowed legalized pot to flourish south of the border dealt a blow to marijuana stocks Thursday, but observers and industry players say the crackdown is a boon for the Canadian cannabis industry. On Thursday, Jeff Sessions rescinded the 2013 Obama administration guidance that suggested the federal government would not intervene in U.S. states where the drug is legal, which has opened the door for several states to legalize pot for medical and recreational purposes. In a new memo, President Donald Trump's top law enforcement official said he will instead let federal prosecutors where marijuana is legal decide how aggressively to [...]

January 5th, 2018|Categories: Blog, News|Comments Off on U.S. pot enforcement policy a lift for Canadian cannabis industry: experts

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