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Hemp Exchange Europe

CanXchange announces successful transaction with Europe’s largest independent hemp grower and processor, HempFlax

LONDON, England, Sept. 29, 2020 (PRESS RELEASE) — CanXchange, the leading physical hemp and CBD exchange, is pleased to announce the recent completion of a transaction involving Europe’s largest independent hemp grower and processor, HempFlax. The transaction, which involved the sale of HempFlax’s premium products, was successfully managed through the use of CanXchange’s robust infrastructure that includes a payment solution…

Grapefruit and Zylö Therapeutics

Grapefruit and Zylö Therapeutics Forge Partnership That Promises to Disrupt the Topical Cannabis Market

Grapefruit and Zylö Therapeutics Forge Partnership That Promises to Disrupt the Topical Cannabis Market Grapefruit’s Hourglass™ Topical Delivery Cream is the world’s first and only known meaningfully effective THC + Cannabinoid-loaded transdermal capable of penetrating the five layers of human skin, “breaking” through the dermal pathway, and penetrating the human blood-brain barrier to deliver beneficial cannabinoids to the bloodstream in…

Five Months Into The Pandemic, How Is The Cannabis Industry Doing?

In early 2020, the world as we know it changed when COVID-19 erupted into a global health crisis. This virus continues to wreak havoc on public safety and the economy, sparing no community or industry. Despite these challenges, the cannabis industry has shown incredible resilience through these uncertain times. After being deemed “essential,” cannabis sales spiked. Many states approved temporary…

Canada Opened 46 Cannabis Retail Stores In August

The growth of physical retail space in the Canadian cannabis space remains inconsistent, but it is still moving in the right direction, BofA Securities said in a note. The Analyst: Bryan Spillane details findings of the research firm’s bi-weekly Canada cannabis retail store tracker. The Thesis: Throughout August, the cannabis industry added 46 stores across Canada, bringing its total count…

StatsCan: Legal pot spending beat black market for first time in Q2

Canadian household spending on legal cannabis in the second quarter of the year outpaced the illicit market for the first time, marking a significant milestone for the licensed pot industry. Statistics Canada said Friday that Canadian household spending on recreational cannabis reached $648 million in the second quarter of 2020, an increase of 74 per cent from the same period…

The Largest Pot Stock in the World Is Cutting Production Big Time

Roughly a year and a half ago, Canadian marijuana stocks were expected to take the global lead in making cannabis a mainstream product. But despite having this pole position among developed countries, regulatory and operational issues have caused the Canadian pot industry to face-plant. More specifically, Canadian cannabis growers have been stymied by Health Canada and provincial-level regulatory agencies. Health…

Cannabis Canada: Pot industry added nearly $7.24B to GDP in August, StatsCan says

Canada’s cannabis industry represented $7.24 billion to the country’s gross domestic product in December, slightly below a revised $7.25 billion made in the prior month, according to latest figures released by Statistics Canada. The country’s legal cannabis market represents $3.0 billion of economic output to Canada’s GDP, an increase of 138 per cent when recreational pot was legalized in Oct.…

NSLC plans to more than double the number of cannabis stores in Nova Scotia

Shopping for legal weed in Nova Scotia is about to get a little more convenient for cannabis-loving Maritimers. The Nova Scotia Liquor Corp., the province’s sole licensed cannabis retailer, has announced that more locations will start selling cannabis, which will more than double the number of legal retailers available to Nova Scotians, CBC reports. The new moves are the province’s…

Alan Aldous Communications Agency

World’s First Psychedelics PR Agency Launched By Canadian Cannabis Professionals

A team of Canadian cannabis industry professionals have launched the world’s first public relations agency focused on cannabis, psychedelics and other emerging regulated markets – all with heightened transparency not often seen in traditional PR. Along with years of combined experience working in the regulated Canadian cannabis sector, the company’s team is ushering in a new approach to PR services…

Are There Too Many Hurdles In Marijuana To Make Money?

Marijuana companies have many battles towards profitability, causing investors to sour on cannabis stocks. Making money in the marijuana industry isn’t easy. Due to the plant’s federally illegal status, it prohibits cannabis companies from accessing many financial services available to other entrepreneurs. Failure is not an option, as bankruptcy or short-term loans aren’t accessible in many cases. Instead, companies have…

Vancouver entrepreneur’s CBD drink to be included in Oscars gift bag

It’s lights, camera, action for a Vancouver entrepreneur whose CBD drink is headed to this year’s Academy Awards. Jigme Love, a Vancouver entrepreneur, is the founder of Infuzed Thirst, a CBD-infused canned sparkling water drink that promises zero calories, zero sugar and natural flavours. Cans of Infuzed Thirst will be included in duffle swag bags being gifted to stars in…