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Canada Licensed Marijuana Sales Jumped 19% in March

In Statistics Canada’s latest monthly domestic retail sales update, the government’s official numbers cruncher revealed that cannabis sales rose by 19% on a month-over-month basis in March to $181 million Canadian (US$130 million). Much of this, it has to be said, is likely due to “stocking up” behavior among cannabis consumers. March is when mandatory business shutdowns necessitated by the…

The last holdout for cannabis retail in Canada is going to be opening stores soon

Cannabis retail stores are coming to Nunavut, the territorial government announced on Tuesday.  They will begin accepting retail applications on June 1.  The territory that nearly 40,000 people call home passed its Cannabis Act in June 2018, but only two companies — Canopy Growth and AgMedica Bioscience Inc — have been permitted to sell their products since then, with customers…

Canada’s First 10 mg Ready-to-Drink Cannabis Beverage Shot THC KISS Ships to Recreational Market this Week

VANCOUVER , May 20, 2020 /CNW/ – THC BioMed Intl Ltd. (“THC BioMed” or the “Company”) is pleased to announce that it will begin this week to ship its ready-to-drink Cannabis Beverage Shot, THC KISS, to the legal adult recreational cannabis market. THC BioMed’s first shipment of THC Kiss will head to Saskatchewan , with shipments to B.C. and Ontario currently undergoing fulfilment. THC KISS…

U.S. Pot Earnings Shine as Canada Struggles

The top U.S. cannabis companies are notably outperforming their struggling Canadian counterparts, yet valuations are still held back by their inability to list on the big American exchanges. The divergence was well illustrated by two large companies that reported earnings Thursday night. Green Thumb Industries Inc. became the first U.S. pot company to generate revenue above $100 million and beat…

U.S. Pot Earnings Shine as Canada Struggles: Cannabis Weekly

(Bloomberg) — The top U.S. cannabis companies are notably outperforming their struggling Canadian counterparts, yet valuations are still held back by their inability to list on the big American exchanges.The divergence was well illustrated by two large companies that reported earnings Thursday night.Green Thumb Industries Inc. became the first U.S. pot company to generate revenue above $100 million and beat…

Projections for Canada’s Pot Market Just Got Slashed. Again.

For growth investors, the Canadian pot market has been one of the most appealing investment opportunities in the world, but it’s also one of the most frustrating. It presents a whole lot of opportunity because it’s the only country other than Uruguay that’s legalized recreational marijuana. However, the rollout since legalization has been less than ideal as supply issues have…