Canada

The Ontario-based pot firm posted a profit of $15.8 million in its fourth quarter on a net revenue of $128.6 million fueled by a jump in Canadian recreational cannabis sales.

From California to Vancouver to Toronto, authorities in major jurisdictions are raiding illegal pot shops and coming down hard on the black market in an effort to curb illicit cannabis sales.

But Canada's largest pot retailer posted a net loss of $4.8 million in its third quarter as expenses continue to mount for the company that now has 34 stores open.

The Ontario-based company's subsidiary Marigold Projects was granted a retail licence from Jamaican authorities and it plans to open four more pot shops, pending further approval.

The British-based tobacco firm and the Canadian pot company say the sizeable deal will help both execute their global cannabis vape plans.

Aurora and the UFC plan to conduct clinical trials to study how CBD can help the elite athletes and the results will be used develop a new line of hemp-derived topical products.

CannTrust CEO Paul Aceto has been "terminated with cause" by the company's board, while chairman Eric Paul was asked to resign and he agreed to do so.

The Globe and Mail and BNN Bloomberg released troubling reports this week alleging CannTrust CEO and company executives were made aware of illegal growing in November.

Canadians spent more than $85 million on legal pot in May, an $11 million increase over April, on the back of new stores opening in Ontario and B.C.

The province's new rules will ban pot-infused candies, chocolates, desserts as well as skin creams and topical products before those items become legal in Canada later this year.

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.