Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow […] Read more
Tag Archives marijuana
Vape product concerns weigh on cannabis companies
Pot producer CannTrust’s federal license suspended
Reuters — Troubled Canadian pot grower CannTrust Holdings said Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last […] Read more
Cannabis firm Tilray sees growth slowing
Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational […] Read more
Ontario’s slow rollout of weed outlets could help black market
Toronto | Reuters — Ontario has blamed a shortage of legal cannabis from the federal government for its slow rollout of retail outlets, a claim dismissed by the federal government […] Read more
Canopy Growth Q4 revenue beats as cannabis sales soar
Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following […] Read more
Cannabis tax revenue below projections in early months
Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data […] Read more
Ontario chamber makes recommendations to boost cannabis sector
Reuters –The Ontario Chamber of Commerce (OCC) on Thursday made several recommendations that address issues affecting the province’s booming marijuana industry, including having a common excise stamp to help cannabis […] Read more
U.S. firm launches second hostile bid for pot producer Aphria
Reuters — U.S. cannabis retailer Green Growth Brands said on Tuesday it would make a second all-stock takeover bid for Aphria, valuing the Canadian pot producer at about $2.35 billion. […] Read more
Ontario marijuana producer Aphria’s CEO to step down
Reuters — Canadian pot producer Aphria’s co-founder and CEO Vic Neufeld is stepping down, at a time the company is facing questions about its deals in Latin America and a […] Read more
Aphria says proposed hostile bid undervalues company
Reuters — Canadian cannabis producer Aphria said on Friday Green Growth Brands’ proposed $2.8 billion all-stock hostile bid “significantly” undervalued the company. Ohio-based cannabis retailer Green Growth, which merged with […] Read more