Business

While cannabis producer CannTrust awaits enforcement action from Health Canada, reports have surfaced a potential buyer could swoop in to rescue the embattled company.

The Massachusetts-based company said the deal with Grassroots will make it the largest marijuana company in the world and will bring its products into 19 states, up from 12.

The Moncton, N.B.-based company reported third-quarter losses and an eight per cent drop in sales as Ontario cannabis reorders also waned in the quarter that ended May 31.

Negative headlines and an industry-wide struggle to record profits have been hurting investor confidence in cannabis stocks in 2019.

The "BWell Market" will offer hemp-derived CBD products to U.S. customers and try to cash in on the CBD buzz.

The Ontario Cannabis Store said it won't be selling CannTrust's pot products until Health Canada conducts its investigation on how the company grew weed illegally.

Green Growth said combining with Moxie will create the first “360 degree” cannabis company offering consumers both THC and CBD products in major U.S. retail locations coast-to-coast.

Billionaire rapper Jay-Z is jumping in the cannabis space as a chief brand strategist for Caliva, one of California's largest vertically integrated pot companies.

The Ontario cannabis producer has 12,700 kilograms of dried cannabis on hold by Health Canada, which is estimated to be worth around $70 million.

The Alcohol and Gaming Commission of Ontario will hold a lottery on Aug. 20 to issues the next 42 retail store licenses. Another eight stores will open in First Nations communities through a separate process.

The Vancouver-based company specializes in cannabis-infused beverages and claims to have decades of experience building and developing brands.

Linton's sudden departure sent waves through the cannabis industry with analysts and insiders offering a wide range of speculation on how it will reshape Canopy and the growing pot market.

Linton, who helped build Canopy into the world's most valuable cannabis company, told the media he was "terminated."

Ireland's Health Minister signed legislation last week which will allow citizens to gain limited access to medical cannabis to treat multiple sclerosis, chemotherapy-related illness and epilepsy.

The San Diego-based company currently owns 22 properties in 11 U.S. states and now offers investors a dividend of 60 cents per share.

Canopy Growth Corp. has been the cannabis industry's top dog by market capitalization so far, but U.S. companies are growing fast and could take over top spot.

The Calgary-based cannabis retailer saw its sales jump to $6.6 million during its last quarter when it also opened three stores in Ontario and its 15th location in Alberta under its Canna Cabana brand.

Acreage's CEO Kevin Murphy told Bloomberg some major deals are in the works to allow the New York-based cannabis firm to scale up "dramatically" over the next month.

"I'm excited to bring our first products to Canada and launch KKE Oils. They are an awesome, high-in-THC product that everyone will love," American rapper Wiz Khalifa said.

CBC News reports some black market suppliers are ripping off government-approved packaging and selling imitation products as the real thing in Saskatchewan.

Once operating, KeyLeaf's Canadian facility is expected to be able to process as much as 5,000 kg of cannabis, which will give Canopy more options to produce edibles, concentrates and other derivative products.

An annual report released by Ontario's ombudsman revealed that the OCS received the single most complaints among government organizations in the past year.

The Ottawa based firm has become one of the largest marijuana retailers in Canada, generating more than $40 million in sales since federal legalization began last fall.

Colombia’s Constitutional Court lifted the ban on public cannabis consumption signalling the country, noted for ideal growing conditions and huge export potential, is closer to adult use legalization.

Canada's largest pot producer saw its shares fall 7.6 per cent Friday as analysts expected its Q4 operating expenses of $242.9 million to be much lower.

Both company's shareholders voted more than 99 per cent in favour of Canopy acquiring Acreage in a deal contingent on U.S. federal legalization of cannabis.

Provincial and federal governments earned $186 million in total cannabis-related tax revenue in the first five-and-a-half months following legalization, according to new Statistics Canada data.

The Ontario licensed producer signed a non-binding letter of intent with Elk Grove Farming Company, LLC to form a 50/50 joint venture that will give it access to more than 3,000 acres of farmland in Southern California.

The multi-state medical cannabis operator announced last week it has launched the first-ever credit card for the U.S. legal cannabis industry that's been starved for financial alternatives.

Shopify Inc.'s digital platform will be integrated with ParcelPal Technology Inc. to allow users to order cannabis in major cities across Canada within the next four weeks.

"We’re very clear that when it comes to Canada as a stand-alone business that we expect to be EBITDA positive in the next 18 months," Mike Lee, CFO of Canopy Growth told The Financial Post last week.

The Green Organic Dutchman will supply Neptune with more than 230,000 kg of cannabis and hemp biomass over three years in an extraction deal said to be the largest in Canada.

The Quebec-based cannabis company also announced its U.S. CBD expansion plans for 2020, and it secured a medical marijuana license in Greece.

Houseplant, the cannabis supplier founded by Vancouver-born actor Seth Rogen and fellow screenwriter Even Goldberg, will be bringing its unique brand of marijuana products to Ontario this summer.

The Smith Falls, Ontario-based cannabis producer is doubling down on its investment in U.S. hemp cultivation and now aims to operate processing facilities in seven states within the next 12 months.

The Ohio-based cannabis company inked a deal to open up 70 new CBD stores at shopping centers operated by Brookfield Properties across the U.S.

Harborside Inc., one of the oldest licensed cannabis retailers in the U.S., started trading on the Canadian Securities Exchange on Monday under the ticker symbol HBOR.

The American multi-state cannabis operator will be the third U.S. marijuana firm in the past month to go public on Canada's newest stock market exchange.

The Alkaline Water Company Inc. (TSXV:WTER) (NASDAQ:WTER) announced last week it posted record monthly sales to a tune of $3.8 million in May—and that's without sales of its new hemp-infused water line.

The next big cannabis winners look to own the supply chain, and this first-of-its-kind cannabis logistics company has created a fully integrated omnichannel platform for both businesses and consumers.