Reuters — Ontario’s government on Friday removed cannabis from a list of essential businesses allowed to operate during the lockdown, as part of its efforts to further restrict contact amid a deepening coronavirus crisis. The move comes after health officials projected 80,000 COVID-19 coronavirus cases and about 1,600 deaths by month end under current policies, […] Read more
Tag Archives cannabis — page 5
Ontario drops weed from essentials list
Officials call for further intervention
As customers hoard pot brownies, weed firms see lockdown boost
Reuters — Cannabis sales are touching new highs as customers across the U.S. and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and 22, sales of recreational cannabis across California, Colorado, Oregon and Alaska — some of the key U.S. markets — were up 50 […] Read more
Canopy Growth to shut two B.C. greenhouses, cut 500 jobs
Niagara greenhouse plans also shelved
Reuters — Pot producer Canopy Growth Corp. said on Wednesday it plans to close two of its greenhouses in Aldergrove and Delta, B.C., cutting about 500 positions. The company also said it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ont. Canopy had said last month it aims to focus on reducing costs, […] Read more
The basics of growing cannabis
There are few pesticides available to help protect the crop
There’s still a lot to learn about cannabis production in Ontario, with limited pesticide options and evolving technology. Bill MacDonald, professor and co-ordinator with Commercial Cannabis Production at Niagara College recently introduced aspects of cannabis production to attendees of the SouthWest Agricultural Conference held in Ridgetown. Why it matters: Cannabis production presents an opportunity for […] Read more
Canopy Growth may face challenges offloading assets, CEO says
Reuters — Canada’s biggest cannabis producer, Canopy Growth Corp., could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its CEO told Reuters. The company, which reported a smaller-than-expected third-quarter loss on Friday, is conducting a “thorough strategic review” of its production facilities […] Read more
More pain in store for Canadian marijuana companies
Aurora Cannabis, Tilray cut jobs
Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more
Tilray, in cost reduction mode, cuts 10 per cent of workforce
Toronto | Reuters — Tilray Inc. has cut 10 per cent of its 1,443-strong workforce as part of a global restructuring effort to reduce costs, the cannabis producer said Tuesday. “By reducing headcount and cost, Tilray will be better positioned to achieve profitability and be one of the clear winners in the cannabis industry,” the […] Read more
Bargain hunters fire up rally in cannabis stocks
New York | Reuters — Some cannabis stocks are seeing their prices surge as investors hunt for winners in the ashes of an industry shakeout that hammered share prices last year. Shares of Tilray Inc. and Canopy Growth Corp. have climbed more than 20 per cent since the start of the year, while Cronos Group […] Read more
Pushing back against pot
The rapid expansion of cannabis production in rural areas has prompted residents, farmers and municipalities to call for a slowdown in growth
Ontario’s rapidly growing cannabis production sector is facing a backlash after the addition of many new growing facilities has resulted in interim control bylaws from municipalities and the formation of local protest groups unhappy with smell and traffic. Why it matters: Cannabis production in Canada has grown quickly since legalization a year ago last October. […] Read more
Cannabis patients boost Aurora edible sales
Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in Canada since 2001, and recreational […] Read more
Cyber-Savvy Farmer
