Canada

Last week, Canada’s Senate approved the House of Commons’ bill to legalize cannabis but attached several amendments limiting the scope of legalization, including one that allows provinces to ban home cultivation and another imposing heavy advertising restrictions on cannabis companies. Now, the House of Commons has rejected a number of the Senate’s amendments — including […]

Lt. Gen. Chuck Lamarre, chief of military personnel in the Canadian Armed Forces, said in a recent interview with the CBC that the Canadian military is not in a position to impose an outright ban on adult-use cannabis. However, Lamarre indicated that restrictions will be more wide-ranging on cannabis consumption than on alcohol. The Canadian […]

Canadian senators have ratified Bill C-45, aka the Cannabis Act, in a 56-30 vote with one abstention, according to a CBC report. The vote was true to party lines, with Conservatives dissenting and Liberals and most Independents falling in line under the leadership of Prime Minister Justin Trudeau, who made legalization a large part of his […]

On Wednesday, the Edmonton, Alberta city community and public services committee agreed to rules allowing the smoking of cannabis in outdoor public spaces like parks and sidewalks, the CBC reports. Cannabis smokers in outside spaces would conform to similar rules as tobacco smokers, remaining 10 meters away from doors and open windows and 30 meters away […]

It has been nearly four years since adult-use cannabis legislation took effect in Washington and Colorado, and in that time the market landscape has evolved and shifted at breakneck speed. As emerging markets in California, Canada, and elsewhere begin to take off, entrepreneurs are bound to face even greater obstacles and competition. While the first […]

Canadians are expected to increase their consumption of cannabis by up to 35 percent and spend as much as $7 billion on cannabis by 2019, according to predictions by accounting firm Deloitte. The firm’s report takes an in-depth look at the future Canadian cannabis market, surveying 1,500 different adults living in the country between March 6 […]

Ontario-based licensed cannabis producer INDIVA Ltd. has been busy preparing for recreational cannabis legalization in Canada later this year.  INDIVA Ltd. is a small to mid-cap licensed cannabis producer with production and processing facilities in London, Ontario. The company is publicly traded on the TSXv under the symbol NDVA. INDIVA Ltd. believes in providing clients […]

Canadian medical cannabis firm Canopy Growth has acquired Kingdom of Lesotho-based Daddy Cann Lesotho PTY Ltd, trading as Highlands, which holds licenses to cultivate, manufacture, supply, hold, import, export, and transport cannabis and its resin in the African nation. The $29 million acquisition gives Canopy its first foothold in Africa. Canopy now has operations on […]

MedMen, a U.S.-based medical cannabis company, is set to begin trading on the Canadian Securities Exchange today after acquiring Ladera Ventures Corp., an oil and gas shell company, the Financial Post reports. The company completed a $143 million raise before heading to the exchange and has an implied value of $2 billion, according to the […]

Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but after opening as high as $32.00 in pre-market trading, shares dropped 6.66 percent to $28.20 by the market’s close. It’s the first cannabis company to list on the NYSE and Midas Letter notes that their […]

Canada-based medical cannabis company Khiron Life Sciences Corp begins trading on the TSX Venture Exchange today under the “KHRN” symbol. While the company is based in Canada, its core operations are in Colombia, where they were one of the first companies to receive a medical cannabis license in the Latin American nation. “We are pleased […]

Canadian cannabis producer Aurora Cannabis has invested $1 million in CCT Pharmaceutical Holdings, Inc, the developers of an oral dose-specific dissolving thin film wafer drug delivery technology. The investment, with a 5 percent convertible debenture, gives Aurora a 9.14 percent interest in CTT and the agreement includes issuance of warrants enabling Aurora to increase that […]

Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro Cannabis, Macro Impact” program that will see the company provide $1 million in seed capital to burgeoning canna-businesses. Prospective companies should intend to or should be in the process of applying for a Health Canada […]

Maricann Group Inc. has agreed to acquire Medican Holdings Ltd, whose subsidiary Medican Research Group is one of six companies that has received a medical cannabis license in the Republic of Malta. The cash-and-stock deal is worth $10.1 million, comprised of $7.6 million in common shares at no less than $2.35, and $2.5 million in […]

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

Aurora Cannabis Inc. is set to acquire MedReleaf Corp. in an all-stock deal worth C$3.2 billion. Under the agreement MedReleaf common stock shareholders will receive 3.575 Aurora common shares for each MedReleaf share and upon completion existing Aurora shareholders would own 61 percent of the pro forma company while existing MedReleaf shareholders would own 39 […]

B.C. and N.B.-based Zenabis is an ACMPR Licensed Producer of cannabis with its sights set on the global marketplace. While Canada moves forward with the world’s largest nationally-regulated cannabis marketplace, professionals everywhere are preparing for this momentous shift in federal policy. Zenabis already has production facilities in Delta, British Columbia and Atholville, New Brunswick. Together, […]

CROP Infrastructure Corp. (CSE: CROP) is a North American cannabis enterprise with a unique plan for capitalizing on the continent’s rapidly evolving cannabis landscape. The company, operating as a lender and landowner, recently announced the construction of 12 state-of-the-art greenhouse facilities in Grant County, Washington state. These facilities will be made available to qualified cannabis licensees. In the […]

Canadian Prime Minister Justin Trudeau has pledged that cannabis will be federally legal in the nation by this summer despite the recommendations of several Senate committees to delay the reforms’ implementation, CBC News reports. “We have been working with our partners across the country to make this happen and we are going to be moving […]

The Ontario, Canada government has awarded a $300,000 research grant to Province Brands of Canada to help them develop a beer brewed with cannabis, the Ottawa Citizen reports. The Toronto-based company will work with Loyalist College to develop the beer. Edibles are not included in the federal legalization plan but lawmakers have indicated they would […]

Canadian Prime Minister Justin Trudeau is non-committal about whether he is willing to delay implementing the bill to legalize cannabis for adult use in the nation as Senate committees recommend changes to the landmark legislation, the Canadian Press reports. The chamber’s Aboriginal Peoples Committee released a report on Tuesday urging Liberals to delay the measure […]

David Purcell is the Director of Emerging Business for the Cannabis Career Training program in the Continuing and Professional Studies division at Kwantlen Polytechnic University in British Columbia. All eyes are on Canada this year as the nation steadily progresses toward establishing its highly anticipated national adult-use marketplace — so we invited David to an interview to […]

Denver, Colorado-based cannabis beverage maker Dixie Brands is considering launching an initial public offering and listing in Canada aiming toward expansion and acquisitions early next year, according to a Bloomberg report. Dixie CEO Chuck Smith said the company will have revenues of $20 million this year and anticipates revenues of $50 million next year. “We […]

According to the Statistics Canada National Cannabis Survey released Apr. 18, Nova Scotia leads the nation in cannabis use over the last three months, with 20 percent of respondents indicating they have consumed some cannabis during the period. Overall, 14 percent of Canadians admitted to using cannabis during the last three months. Cannabis use in […]