Both cannabis markets are drawing attention. How are these two companies approaching these segments? READ MORE: https://finance.yahoo.com/m/ea5680c0-fe91-3b10-ae6b-5778e70edf1e/medical-vs.-recreational.html?.tsrc=rss
Canopy Growth Corp., the largest cannabis company by market value, plunged in early trading Friday after reporting a decline in recreational marijuana use in Canada. The cannabis producer also pushed back its target date to reach profitability. Fourth-quarter revenue from recreational sales fell 28% from a year earlier, according to Canopy’s earnings report for the period ended March 31. Sales…
No one would ever have thought the new decade would dawn like this. Three months into the year, a novel Coronavirus that originated from Wuhan, China has infected over 2 million people and claimed at least 120,000 lives. Experts say the virus could end up infecting over 70% of the world’s population. Once the gravity of the situation settled in,…
AUSTIN, Texas & CHICAGO & SAN FRANCISCO–(BUSINESS WIRE)–Government technology firm CityBase has partnered with the City and County of San Francisco to launch a new online recreational cannabis business licensing system, enabling companies that want to sell cannabis to submit their permit applications and fees in one place. CityBase is a business unit of GTY Technology Holdings Inc. (Nasdaq:GTYH) (“GTY”),…
During a radio interview on Monday, Cynthia Seivwright, the director of the Department of Health’s Alcohol and Drug Abuse Program in Vermont, said that compared to the current policy, public health would be better protected by regulating marijuana commerce in the state. She made the remarks on WDEV’s Dave Gram Show while discussing the relationship between cannabis-related health issues and…
Michigan is one of the 11 US states that have legalized recreational cannabis. In November 2018, Michigan residents voted in favor of legalization. READ MORE: https://finance.yahoo.com/m/3475fd64-c5a4-30a8-a8aa-52e4c04ac0ab/recreational-cannabis:-how-is.html?.tsrc=rss
VANCOUVER, Sept. 10, 2019 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company“) today announced that it has entered into a Supply Agreement with the Ontario Cannabis Retail Corporation (“OCS”) to supply adult-use recreational cannabis to retailers throughout the province. Zenabis will begin supplying OCS with 21 distinct, adult-use cannabis products under its premium Namaste and Blazery brands, in the third…
The Green Organic Dutchman is a cannabis-focused research and development company The company recently completed its inaugural shipment to the Ontario Cannabis Store, marking its entry into the recreational cannabis market TGOD continues to explore strategic worldwide opportunities The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is a leading producer of premium, certified-organic cannabis. Licensed to cultivate medical…
CALGARY , Aug. 22, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (HITI.CN) (HITIF) (2LY.F), an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit #3, 5506 50th Avenue in the city of Bonnyville (the “Bonnyville Store”)…
Canopy Growth Corp. seems to have lost its market lead in adult-use cannabis in Canada, GMP Securities said Friday. Analyst Ryan Macdonell slashed his stock price target to C$45 from C$65, after the company reported earnings for its fiscal first quarter that were mostly below expectations. But the company’s setting aside of a C$6.4 million provision against oil and gelcaps…
CALGARY , July 31, 2019 /CNW/ – High Tide Inc. (“High Tide” or the “Company”) (HITI.CN) (HITIF) (2LY.F), an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that the Canna Cabana retail store located at Unit A, 10310 100th Avenue in the city of Fort Saskatchewan (the “Fort Saskatchewan…
The recent wave of adult-use marijuana legalization across the U.S. has the potential of generating $22 billion in annual sales, but not everyone is thrilled about this development. New research that will soon be published in the Marketing Science journal shows that the alcohol industry is likely to take a hit once marijuana is legalized. The research was done by…