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Feeling burned: The first year of legal cannabis has been a complete disaster for investors

The legalization of cannabis in Canada was supposed to be a catalyst — the most powerful one yet, investors and analysts alike thought — that would launch companies in the young but potent industry to new heights. Instead, nearly one year later, it has been a nightmare. Since recreational cannabis became legal on Oct. 17, 2018, the shares of what…

As Canadian pot gets cheaper, black market still offers best deals

Canadian pot smokers are finally getting some price relief almost a year after the country legalized recreational use. But it’s still a lot cheaper to get the drug from illegal dealers. A gram of cannabis purchased from government-sanctioned sellers cost $10.23 in the third quarter, down 3.9 per cent from the prior three-month period, according to Statistics Canada. At the…

MedMen Continues Florida Expansion With Three New Store Openings

MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announces the opening of three new locations in the state of Florida: St. Petersburg, Key West and Pensacola. The Company now has four operational stores in Florida, with eight additional store openings in the state planned for the remainder…

Overcoming Canada’s cannabis shortage

Shortages of Canadian marijuana appeared immediately after recreational sales of cannabis starting from October 2018. Hence, there is a typical Canadian refrain almost lately.  Because of little inventory remaining, many stores are closed three days a week, and provincial distributors are blaming federal regulations and producers. Some of the giant retailer’s licenses have also frozen and some are limited to…

Flower One Signs Sale-Leaseback Agreement with Treehouse Real Estate Investment Trust, a Leading Cannabis REIT

TORONTO, Sept. 18, 2019 /CNW/ – Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) today announced that one of the Company’s subsidiaries has entered into a sale-leaseback agreement (the “Agreement”) with Treehouse Real Estate Investment Trust, Inc. (“Treehouse”) for the Company’s 25,000 square-foot indoor cultivation and production facility in North Las Vegas, including the adjacent vacant…

New Ontario pot shop licences delayed until judge rules on disqualified applicants

The launch of the next wave of cannabis stores set to open in Ontario this October will be delayed after a provincial judge suspended the province’s regulator from issuing any new pot shop licences for two weeks. Justice David Corbett said he will rule on Sept. 25 whether 11 disqualified cannabis retail lottery winners should resume the application process for…

YIELD GROWTH Signs Definitive Agreement with Peak Performance Products for National Distribution in Canada

Vancouver, British Columbia–(Newsfile Corp. – September 12, 2019) – The Yield Growth Corp. (CSE: BOSS) (OTCQB: BOSQF) (FSE: YG3) is pleased to announce that it has entered into an agreement with Peak Performance Products Inc., who will act as the wholesale distributor for Yield’s Urban Juve hemp products within the health retail channel across Canada. Urban Juve expands its distribution potential with…

DNA Genetics Announces Strategic Partnership in New England With Revolutionary Clinics

LOS ANGELES, Sept. 10, 2019 (GLOBE NEWSWIRE) — OG DNA Genetics (“DNA” or the “Company”), a globally recognized leading cannabis brand, today announced a licensing agreement (the “Agreement”) with Revolutionary Clinics, a leading producer and distributor of medical and recreational cannabis in Massachusetts. The Agreement will grant Revolutionary Clinics license to the DNA brand and access to their proprietary library…

Lift & Co. Launches Cohesion Platform Featuring Consumer Decision Insights Data

With an upcoming wave of 3 million new consumers expected with Legalization 2.0 this fall, and continued challenges for cannabis brands as they try to differentiate themselves with consumers Lift & Co. today launched a new cannabis consumer insights tool that will provide Canadian brands a much-needed solution to make better-informed product decisions after this first year of legalization. Millions…

Zenabis to Supply Recreational Cannabis to Ontario Cannabis Stores

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…

Black market pot entered CannTrust facility, flowed into legal market last year: Sources

Senior operating staff working at CannTrust Holdings Inc.’s Pelham, Ont. facility late last year brought cannabis seeds from the black market into production rooms, leading to some illicitly-grown pot flowing into the legal market, according to internal company documents obtained by BNN Bloomberg and four sources directly familiar with the matter. The documents suggest that, in an apparent effort to…