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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.
Aurora Cannabis nets $86.5 million in cash by selling its remaining stake in The Green Organic Dutchman as both companies strategies evolve.
Vivien Azer at Cowen & Co. cut her price target on the Canadian pot producer to $60 from $150, but she believes the stock's recent collapse presents a buying opportunity.
The Denver-based company recorded a 35% jump in revenue from last quarter as it saw increased demand for its distinct cannabis brand in California and Michigan.
The Nanaimo, B.C.-based licensed producer made a retail power grab by acquiring Four20, which operates six licensed stores in Alberta and has secured 16 other shops.
The Ottawa-based pot firm saw its revenues surge from its California operations, and it expects further growth once its acquisition by Chicago-based Cresco Labs is approved and closes.
Shares of The Alkaline Water Co. surged 24 per cent after it said it is teaming up with the first-ever legal CBD company in the U.S. to expand its CBD product portfolio.
Despite Curaleaf reporting wider losses and lower-than-expected revenues in the second-quarter, investors remained upbeat on its more than US$1-billion revenue guidance for 2020.
The Vancouver-based pot producer inked a deal with a "Canadian beverage technology company" to ready itself for the coming next-phase infused product launch in Canada later this year.
Mugglehead talks with Adam Coates, chief commercial officer at Westleaf, how the company will produce next-phase cannabis products at its newly-minted extraction facility designed by world-leading scientists.
Ontario selected 42 operators from its second cannabis retail lottery Aug. 20, but critics say the new stores still won't be enough to combat the black market while pointing out other issues.
The Toronto-based pot company is the latest to make its foray into the U.S. by acquiring Quill, a multi-state vape technology brand known for its health-focused disposable vape pens.
