Reuters — Health Canada on Thursday raised concerns about the large quantity of medical marijuana people were growing at home, after its data showed a significant jump in daily average […] Read more
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Tag Archives medical marijuana
People growing too much pot at home, Health Canada warns
Pressure on to prevent abuse of home-grow program
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 […] Read more
Pot producer CannTrust to destroy $77M in plants, inventory
Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan […] Read more
Big Weed hits up Europe hoping for expansion cash
Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as […] Read more
Ontario medical marijuana producers plan major merger
A southwestern Ontario greenhouse firm billed as one of Canada’s lowest-cost medical marijuana producers plans to expand its reach by buying a rival firm sourcing cannabis worldwide for processing. Aphria […] Read more
Canadians spent $5.7 billion on cannabis in 2017
Ottawa | Reuters — Canadians spent an estimated $5.7 billion on cannabis in 2017, Statistics Canada said on Thursday, with the country on track to legalize recreational use of the […] Read more
Aurora, CanniMed to form Canadian weed giant
Two major players in the Canadian medical marijuana market are set to create one of the world’s biggest pot production firms in a friendly $1.1 billion cash-and-stock deal. Edmonton-based Aurora […] Read more
Toronto exchange may delist marijuana firms with U.S. operations
Toronto | Reuters — Canada’s TMX Group, operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the U.S., where […] Read more
Hothouse produce grower to devote site to marijuana
Canada’s only publicly traded greenhouse produce-growing company plans to put up one of its British Columbia greenhouses for a new venture in cannabis production. Vancouver-based Village Farms announced Tuesday it […] Read more
Panel calls for Canada to require plain-packaged pot products
Ottawa | Reuters — The Canadian government should regulate the production of cannabis when it is legalized for recreational use and require plain packaging for such products, an official panel […] Read more