A few years ago, Canada was set to become the industry leader for all things marijuana. But with so many marijuana stocks and a bustling cannabis industry, many believe that the market is not nearly where it should be at this point. There are several contributing reasons as to why the country did not overcome the U.S., which are worth…
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…
Aurora will acquire Reliva, a producer of lotions and nutritional supplements that contain CBD—a nonintoxicating ingredient derived from hemp, a variety of cannabis legalized in the U.S. in 2018. READ MORE: https://finance.yahoo.com/m/c1e0a770-d0e7-3f18-8b3e-eb74cbfbbb9d/canada%E2%80%99s-aurora-cannabis.html?.tsrc=rss
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…
Before COVID-19 took over the headlines, one of the hottest topics was the cannabis 2.0 opportunity in Canada. Cannabis 2.0 refers to a change in the regulations in Canada that allows for the sale of cannabis derivative products (i.e. edibles, drinkables, vape pens, concentrates, salves, and more). There are a number of reasons to be excited about cannabis 2.0 and…
Despite being the first industrialized country to legalize adult-use pot in the modern era, Canada’s ambitions of being a marijuana leader have gone up in smoke. READ MORE: https://finance.yahoo.com/m/17371bb1-0be1-39a8-af02-1232f8a51056/here%27s-how-canada-blew-its.html?.tsrc=rss
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…
As the threat posed by the coronavirus grew bigger, governments around the world issued lockdown orders and instructed all but the most essential businesses to close down. In the days and weeks preceding the stay at home orders, legal marijuana saw a spike in sales as people stocked up for what they thought would be a long period of self-isolation.…
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…
(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…
FEATURE American cannabis companies have traded in the shadow of their Canadian counterparts whose stocks list on the big exchanges that shun U.S. operators because of the weed’s federal illegality here. READ MORE: https://finance.yahoo.com/m/2de5c0a6-12b6-3d10-bb5b-d6d3e615aeac/u.s.-pot-producer-green-thumb.html?.tsrc=rss
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…