Marijuana Business News

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Thu
31
May

James E. Wagner Cultivation: A mix of legacy and innovative technology, going public soon

James E. Wagner Cultivation, a Canadian licensed cannabis producer based in Ontario with plans to go public in the very near future.

Thu
31
May

Valens GroWorks capitalizing on the cannabis extracts and products surge in Canada

Valens GroWorks Corp. (CSE:VGW) (VGW.CN) (CNSX:VGW), a multi-licensed company, based in the Okanagan Valley of British Columbia, that recognizes the trend in the Canadian cannabis industry toward oils and derivatives and is uniquely positioned to capitalize on it.

Thu
31
May

This investment bank is quietly dominating the booming marijuana industry — but big banks are starting to muscle their way in

Canaccord Genuity, a mid-sized Canadian investment bank that's been around since 1950, is quietly dominating the emerging marijuana sector.

Since 2016, Canaccord has outpaced the competition in both advising and underwriting cannabis companies, acting as the sole or joint bookrunner on more than $1.5 billion of financings and advising on more than 50 transactions, according to the firm.

Thu
31
May

For N.L. weed shops, the inspectors are coming

NLC will monitor licensed stores, but can challenge unlicensed shops.

Is there a shop in your neighbourhood currently selling weed?

Health Canada has not approved any storefront locations for over-the-counter medical cannabis sales in Newfoundland and Labrador. Recreational-use cannabis is not yet legal.

Multiple shops have set up with cannabis-related branding. In some cases, they promote informational services and referrals for medical marijuana users. In other cases, they have been identified by community members as dispensaries, intent on selling marijuana for recreational purposes (as opposed to specifically medical marijuana for prescriptions) prior to legalization.

Illegal activity is subject to police intervention.

Thu
31
May

Marine Atlantic prepares for legalization

Marine Atlantic, like many large corporations, is preparing for and struggling to get policies in place prior to the legalization of cannabis.

There are “concerns for both crew and passengers,” says Marine Atlantic’s David Frew, vice-president of corporate strategy and human resources.

“That’s important to us given the nature of the service that we provide and where we provide it,” Frew said during Sydney Port Days recently.

The ferry service operates four vessels on two routes between North Sydney and Newfoundland. Last year, it carried 328,000 passengers and 95,000 commercial vehicles.

Thu
31
May

All-Time daily volume record broken and thanks to all shareholders

FSD Pharma Inc. ("FSD" or the "Company") (CSE:HUGE), is pleased to report that on its first day of trading (May 29, 2018) the company traded exactly 78,477,861 Class B subordinate voting shares on the CSE (Canadian Securities Exchange), 7,592,500 on AQC-Lit, 1,680,000 on AQC-Neo, 136,000 on CHIX, 236,500 on CX2 and 25,013,000 on the TriAct exchange for an aggregate total of 113,135,861 shares traded.

This is the largest total quantity of share volume traded by a CSE listed issuer by over 27% above the recorded all-time high of 88,846,729, on the first day of trading, as confirmed by the CSE.

The company wishes to thank all its shareholders and stakeholders for their support to date, which has resulted in a record-breaking launch into the Canadian cannabis marketplace.

Thu
31
May

Justice minister nixes private pot sales proposal : N.W.T.

Several regular MLAs have expressed disappointment that the territorial government appears unwilling to entertain the idea of the private sale of cannabis once it becomes legal across Canada this summer.

It will be sold in government controlled liquor stores in the six communities that have liquor stores and otherwise through mail order.

Hay River MLA R.J. Simpson says the government is going against the wishes of the majority of NWT residents who have made their opinions known.

MLAs visited 16 communities and six schools across the territory earlier this year to get public input of Bill 6 – the government’s cannabis regulation bill.

Thu
31
May

Businessman applying to Town of Clarenville to obtain license for medical cannabis facility: N.L.

Location already one of successful cannabis retail applicants approved by provincial government.

Clarenville businessman Ralph Duffett has filed an application with Health Canada for a license to grow and produce medical marijuana in Clarenville, according to the Clarenville Town Council.

The proposed facility will be located at 72 Marine Drive, the current location of My Rec Room, a bar owned and operated by Duffett.

The Marine Drive location is also one of two Clarenville locations on the provincial governments list of approved cannabis retailers — the other is Esso on Memorial Drive.

Thu
31
May

The offences in BC's Cannabis Act

There has been a great deal of discussion about the British Columbia Cannabis Act, but there has not been a solid breakdown of all of the offences under the Act. In an effort to provide a helpful guide, this post summarizes all the offences laid out in the Cannabis Act.

What is particularly interesting about the penalties in the Cannabis Act, is that many of the offences for possession, production, and distribution mimic those in the proposed federal regulations. This would mean that police have the opportunity to charge individuals under the provincial law or the federal law.

Thu
31
May

Global march continues as Canopy Growth moves into Africa

It’s become a cliche to mention how we are all connected on this earth and that our world continues to get smaller thanks to technology, but it’s the truth, and the cannabis industry is no different. On one hand, cannabis reform movements were very insular, especially in the United States as arguments supporting legalization that appeal to voters in Oregon and California may not be as successful in other states. Also, federal law has (mostly) kept cannabis businesses stuck within state borders. However, political movements have momentum and success has bred success across the globe. On the business side, Canada broke down international barriers and there’s no looking back.

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