Canada

The Quebec-based retail giant's $26 million investment will help Fire & Flower expand its presence of 23 cannabis stores in Alberta, Saskatchewan and Ontario.

The Calgary-based company announced terms and aims to raise US$130 million with its initial public offering on the Nasdaq.

The deal will give Supreme access to Truverra's 5,000 square-foot licensed facility the company plans to turn into a state-of-the-art extraction lab to develop next-generation cannabis products.

Health Canada has only approved only 65 of approximately 600 cannabis research applications since legalization took place Oct. 17, according to a recent CTV News report.

The Edmonton-based pot producer will supply 400 kilograms of medical cannabis to Italy under the contract, but securing the bid at $2.54 per gram may actually hurt Aurora's bottom line.

Despite cannabis-infused beverages only making up around one per cent of sales in U.S. states with legal pot markets, BevCanna has high hopes for its CBD and THC-infused drinks.

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 Edmonton-based pot company said it will focus on research and development at its 207-acre operation in Westwold, B.C., and at a 21,000 square-foot field in Lachute, Que.

The Vancouver-based pot company is the first to have its licences revoked from the federal regulator for allegedly selling cannabis products to the black market last year.

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.

The Toronto-based cannabis company said its new extraction lab will process low-cost weed from its outdoor farm the company just finished planting.

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

CannTrust stock tumbles further on a Globe and Mail bombshell report with allegations the company hid illegal grow rooms from Health Canada with fake walls.

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.

Statistics Canada latest quarterly report from crowdsourced data showed a gram of legal pot costed $10.65 over the $5.93 price tag for illicit weed.

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 head of Toronto-based cannabis producer Cronos Group Inc. slammed the Canadian government for its strict rules on the pot industry that he said are making it impossible for companies to create global brands.

Researchers found the number of U.S. high school students who said they used pot at least once a month jumped from 0.6 per cent in 1991 to 6.3 per cent in 2017.

National inventory levels of unfinished and unpackaged cannabis continued to rise in April, according to a report Health Canada released last month.

One-in-four medical cannabis users said supply issues have been preventing them from getting the medicine they need, according to a survey commissioned by Canadian Pharmacists Association and two other groups.

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."

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.

Scheer also told CTV News his Conservative Party would support efforts to pardon Canadians with previous convictions for pot possession.

"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.

“Our ambition is to be the beverage specialist. We want to lead this category and we will lead this category," Brett Vye, CEO of the joint venture Truss, told Bloomberg.

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 Trudeau government said the money will be split between 13 different organizations across Canada to raise awareness on the harms associated with cannabis use.

More women are using marijuana during pregnancy in the U.S. and that might be causing health issues for their babies, two new studies suggest.

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.

The Canadian pot firm said it has already started planting at its new 160-acre site which it is considering to be a test site for future outdoor operations to produce low-cost cannabis.

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.

Arcview Market Research and BDS Analytics forecast the legal industry will nearly triple by 2024 from the US$14.9 billion they project will be spent this year.

Canadian pot firms are amassing a supply glut of unfinished cannabis, and the issue could lead to industry writedowns, according to analysts at BMO Capital Markets.