Business

As pot stocks race to the bottom, more companies are turning to debt financing for quick cash

Mugglehead speaks with TREC Brands CEO and Founding Director Trang Trinh about how the socially conscious company has been shortlisted for two Canadian Cannabis Awards

Shares of Hexo have tumbled 45 per cent since early October after the embattled cannabis producer has drawn negative headlines including a larger-than-expected fourth-quarter loss

Mimi Lam and Drummond Munro started their own cannabis retail store to make weed casual and fun. Seven months later they're shortlisted for five Canadian Cannabis Awards—more than any other company.

The layoffs will cut jobs in all departments across all locations, including some of the company's executive positions.

Cannabis retail sales in the Great White North surged to $127.4 million in August, up almost 19 per cent from the previous month as consumers had access to more pot shops across the country

The Quebec-based pot producer launched its low-cost 28-gram product, under the brand Original Stash, in its home province for $4.49 per gram in an effort to disrupt the illicit market and its $5.59 average price per gram.

The Arizona-based company introduced its new CBD-infused topical line to add to its CBD beverages and ingestibles, that will be launched in major retails across the U.S. and promoted by the likes of Mark Whalberg.

The distinct retro weed brand, backed by the Pineapple Express star and Canopy Growth, launched two new products that are available across Canada in a colour-coded strain system.

Millennial males buy over half of all cannabis sold in Washington's online stores, but generation Z is the fastest expanding market according to a new study by Headset.

Ikänik Farms is looking to go public in the next several months, and CEO Brian Baca tells Mugglehead its Pideka acquisition will "crush everybody coming out of Canada" with its low-cost cultivation and export potential.

The Calgary-based pot company's 15,000 square foot facility can process 65,000 kilograms of cannabis for second-phase products like edibles and concentrates that will hit store shelves later this year.

Canadian cannabis producer Aphria Inc. became the first major pot company to report a second consecutive quarter of profits, despite an industry-wide slump.

Pot prices from the legal market dropped for the first time last quarter, but illicit weed is still significantly cheaper and reports show the black market still accounts for more than 80 per cent of sales in Canada.

The joint-partnership between the massive brewer Anheuser-Busch Inbev NV and global cannabis pioneer Tilray Inc., announced this week it will commercialize a non-alcoholic, CBD-infused beverage for Canadians likely hitting markets in December 2019.

Neptune Wellness Solutions Cannabis Business president Michel Timperio tells Mugglehead how the company moved from krill oil to the eighth highest ranked stock on the TSX30.

The town of 9,000 already is home to pot giant Canopy Growth and plans to add cannabis-themed spas, golf courses, cafes and breweries to become Canada's cannabis capital.

Revenues grew 281 per cent for the Calgary-based company, but it also recorded a $3.7 million loss in the last quarter.

Four cannabis companies placed in the top eight hottest growing stocks on the inaugural Toronto Stock Exchange's top 30 list.

Canopy Growth bought a majority share of BioSteel, a sports drink company, to bring CBD-infused beverages to the athletic world.

Nearly all pot stocks have declined double digits since March as investors become wary of promises over results and in September the sector kept taking a beating.

The Ontario government is exploring cannabis distribution alternatives as it's running out of warehouse space ahead of the next wave of pot products, according to a BNN Bloomberg report.

The California-based company is expanding its retail footprint in Florida, the third largest medical marijuana market in the U.S. with 260,000 patients.

State regulators gave the green light for businesses to apply for cafe and home delivery licenses, but the rollout will be delayed due to local laws and heavy regulations.

An industry group revealed there are 2,835 illicit sellers in California with just 873 licensed sellers statewide, and it blamed Weedmaps for helping fuel the black market

Canada's legal cannabis industry brought in $104 million in July sales, up more than 14% over sales in June, according to StatsCan. The country is on pace to rake in $1 billion in the first year of legalization.

In a note titled, “Don’t Smoke the Kool-Aid,” MKM Partners analyst Bill Kirk warned investors the pot industry may see little profits, but he was bullish on Hexo because of its brand power.

At nearly the exact time Canopy announced its CEO hiring plans, Linton revealed he's joining two U.S. cannabis companies and one Toronto based medical psychedelic company.

While Alberta leads the way with 284 pot shot licences being issued, other provinces lag being in brick-and-mortar infrastructure which is allowing the black market to thrive.

Oregon-based Dutchie already links 450 pot shops in 18 states with consumers, but now the startup has the likes of Snoop Dogg backing its e-commerce cannabis business.

Westleaf and its Prairie Records cannabis retail chain was named the top Canadian retailer at a major exposition in the same weekend the company opened its first Alberta location in Calgary.

Shares of the Edmonton-based pot producer dropped 9% Sept. 12 as it posted $99 million in Q4 revenue, which was below its own August guidance and analysts expectations.

The Toronto-based pot firm plans to accelerate production of its high-THC strain Unite Organic as strong demand has prompted an early second order from the OCS.

The Arizona-based company is acquiring AQUAhydrate, which is backed by Mark Wahlberg and Sean "Diddy" Combs who will help boost its new CBD product line.

The Calgary-based company launched two new stores last week in the Wild Rose province and has its sights on operating 25 pot shops in total nationwide by mid-September.

The company's Las Vegas pot store is not only the world's largest attracting more than 115,000 visitors in August, but it accounts for almost 10% of the Nevada cannabis market alone.

The company behind a blockchain-based seed to sale tracking technology is bolstering its status by adding heavyweight auditing firm Deloitte and pot producer Aphria.

Employees at the embattled pot producer allegedly sourced out black market cannabis seeds and tainted the legal supply with illicit weed, according to BNN Bloomberg.