By David George-Cosh, BNNBloomberg Biome Grow Inc. is tying up a deal to source more than 80,000 kilograms of cannabidiol (CBD) over the next five years, in what the company calls one of the biggest such deals for a cannabis extract. Biome Grow will obtain the extract from CBD Acres Manufacturer Inc., a cannabis producer that has contracted 4,500 acres…
Kristine Owram, Bloomberg From declining resource stocks to the recent rout in cannabis shares, Canada’s venture exchange can’t seem to catch a break. Pot stocks accounted for more than a third the 11 percent decline in the S&P/TSX Venture Composite Index so far this quarter, with cannabis companies making up 10 of the 15 biggest contributors to the benchmark’s downside…
Tilray (NASDAQ: TLRY), the stock that investors and speculators can’t seem to get enough of right now, was reported as being worth more on paper than some of Canada’s leading established retail conglomerates such as Canadian Tire and Loblaw Companies Ltd. To put this in perspective, a company that sold roughly $18M US in cannabis in the past six months…
The bud of a cannabis plant is seen on plant inside the KannaSwiss GmbH greenhouse facility near Kerzers, Switzerland, on Thursday, Oct. 19, 2017. KannaSwiss, a company founded in 2014, is already producing marijuana that meets Switzerland’s legal standard containing no more than 1% Tetrahydrocannabinol—known as THC, the psychoactive chemical that gets you high. Photo credit: Stefan Wermuth/Bloomberg Kristine Owram Bloomberg, September…
BNN Bloomberg; After a number of decades in the alcohol beverage industry, Steven Poirier came out of retirement to join the board of up-and-coming marijuana company Biome Grow. He talks about the parallels between the two industries and which beverage and snack companies he expects will get into the cannabis space. SOURCE: https://www.bnnbloomberg.ca/video/ab-inbev-pepsi-coca-cola-all-likely-eyeing-cannabis-former-alcohol-industry-exec~1472349 Steven Poirier – Biome Grow SOURCE: Biome Grow…