Analyst Coverage

Why protein is the next frontier in hemp breeding

Hemp is very nutritious. For example, there are two fatty acids that are essential for human health — linoleic acid (omega-6) and alpha-linolenic acid (omega-3) — and hemp seed oil is packed with them. “In other words, hemp packs a great nutritional punch,” says Ben Raymond, vice-president of research and development for Victory Hemp Foods based in Kentucky. “That, of…

Why the cannabis industry needs more stringent testing

With proper testing regulations, consumer health can be protected and a prosperous, strong and trustworthy cannabis industry will be created. With the increasing demand for legal cannabis and heightened participation of various states, the need for comprehensive and rigorous testing solutions has become vital. Considering a lot of individuals use cannabis products for medical purposes, they should not have to…

Item 9 Labs Corp. signs definitive agreement to acquire Sessions Cannabis, one of Canada’s largest cannabis retail franchisors

  Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced today that it has signed a definitive agreement to acquire Sessions Cannabis (“Sessions”), one of Canada’s largest cannabis retail franchisors. “This is a transformative acquisition that fast-tracks our entry into the Canadian market and brings tremendous value to our shareholders,” said…

Entourage Health announces Canadian debut of The Boston Beer Company’s new cannabis-infused iced tea beverages ‘TeaPot’

Entourage Health Corp. (TSX-V:ENTG) (OTCQX:ETRGF) (FSE:4WE) (“Entourage” or the “Company”), a Canadian producer and distributor of award-winning cannabis products and The Boston Beer Company, Inc. (NYSE: SAM), (“BBC”) maker of iconic, high-quality brands such as Samuel Adams, Truly Hard Seltzer and Twisted Tea, are pleased to announce the Canadian debut of ‘TeaPot’, a new line of cannabis-infused iced tea beverages. Developed and formulated alongside…

More than 300 cannabis retail workers in Quebec go on strike

“Our patience has reached its limits.” Union members of the Société québécoise du cannabis (SQDC), represented by the Canadian Union of Public Employees (CUPE), began a general strike on May 20. According to a CUPE press release, the strike is in response to the suspension of the union president, vice-president and 75 employees who wore dresses and Bermuda shorts rather than…

U.S. company acquires Canadian retailer Sessions Cannabis

“This is a transformative acquisition that fast-tracks our entry into the Canadian market.” Arizona-based Item 9 Labs has acquired Sessions Cannabis, one of Canada’s largest cannabis franchises. Sessions currently operates 43 stores across Ontario. Item 9 Labs manufactures its own cannabis products and is also the parent company of Unity Rd., a U.S. cannabis franchise developing more than 30 stores…

M&A Activity in cannabis industry picking up steam as cannabis market projected to reach $70 billion by 2028

A maturing cannabis industry has the potential for enormous growth — but only if growers, processors and retailers can minimize threats to their profitability and stability. The cannabis industry is poised for another year of huge growth in 2022, and the enterprises that will benefit the most are those best-positioned to manage risk. Additional threats and higher premiums won’t inhibit industry…

The Valens Company continues to expand Canadian recreational market share in April

The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) (the “Company” “The Valens Company” or “Valens”), a leading manufacturer of branded cannabis products, is pleased to provide an update on its recent recreational market share in Canada. Tyler Robson, Chief Executive Officer of The Valens Company, said, “We continue to expand our recreational market share as we develop strength within our brand portfolio through…

Cannabis has more room to grow in Canada

Some feel there are too many dispensaries in Ontario, Canada’s most populous province.  But a new study suggests there is more room to grow. Canada’s cannabis market has seen better days.  Over the last few weeks, multiple Canadian operators have released earnings reports showing sequential declines in revenue.  Partly to blame is an oversaturated market that retailers say is driving down sales. …

Hemp industry can bloom in Alberta

  Albertans should be seeing new jobs in the agricultural industries as the Alberta government in partnership with the federal government helps kickstart the hemp industry in Alberta with two grants totalling $900,000. “Alberta’s growing hemp industry is helping to build a strong agriculture sector that creates jobs and brings tremendous opportunities to communities across the province,” said Marie-Claude Bibeau,…

Canopy Growth: What went wrong?

Before cannabis was legalized in Canada, this stock was soaring, as was its public profile. It might sound strange now, but Canopy Growth (TSX:WEED) was once the hottest stock in Canada. Back in 2018, before legalization hit, the stock was soaring, as was its public profile. It seemed like every other day, you were hearing one story or another about the company’s meteoric…

Gaia Grow’s Canadian cannabis laboratory Tru Extracts receives sales amendment to its Health Canada licence

Gaia Grow Corp. (the “Company” or “Gaia”) (CSE:GAIA) (Frankfurt:GG0) is pleased to announce that its wholly-owned subsidiary, TruExtracts Laboratories (“TRU”), has received an amendment to its Health Canada licence that permits the company to supply extracts, edibles, and topicals directly to provincial distributors, retailers in select provinces, and licensed sellers of medical cannabis.  Receipt of the sales amendment marks the final…