Marijuana Business News

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stocks
business
Fri
24
Jan

Super Anytime brings cannabis delivery, click-and-collect service to Manitoba

Ordering cannabis in Manitoba just got a whole lot easier.

Super Anytime, what the company calls Canada’s first “on-demand, multi-retailer, e-commerce platform,” officially came online Wednesday, providing wider access to the province’s cannabis offerings all in one place.

“We’ve been called something like Ritual or Uber Eats for weed, but we prefer an integrated marketing sales and performance channel for cannabis,” Ian Delves, president and co-founder of Super Anytime, told The GrowthOp. “It’s really all about increasing accessibility and giving consumers access to the cannabis with which they are familiar,” Delves said.

Fri
24
Jan

Supply can't keep up with consumers hungry for edible cannabis

Finding edibles in Calgary isn't a casual, chill affair. The newly launched way to ingest legal cannabis is flying off shelves across the city.

Marijuana edibles became available in some stores across the city  more than a week ago. And for the first time since legalization, stores began to stock shelves with gummies, chocolates, cookies, mints and cannabis teas.

And, of course, it's sparked some curiosity.​

But getting your hands on edible product is easier said than done.

Mylann Doell, manager at Queen of Bud in Sunalta, says if you aren't one of the first 100 customers to walk through the doors on delivery day (Monday), you've missed out.

Thu
23
Jan

Marijuana Investors: 2 Powerful Trends to Track in 2020

The marijuana boom was supposed to happen last year.

Thu
23
Jan

How Are These Marijuana Stocks Changing The Cannabis Industry?

The current state of marijuana stocks seems to be one with a large amount of uncertainty. This great uncertainty is characterized by rampant price swings and a large influx of news swarming the cannabis industry. But like any young market, it seems as though it just a matter of time before we see some greater stability pull into the industry. The key to this shift comes in the form of two variables amongst pot stocks. 

Thu
23
Jan

Will Marijuana Stocks Continue This Momentum Heading Into February

While the month of January has brought with it a newfound sense of stability amongst marijuana stocks, it seems as though February could bee an even better one. There are still many issues with the industry which makes this a difficult call, but these issues are well on their way to being solved. Some of those issues include supply worries in Canada, the U.S. black market, high taxes and bad legislation in America as well.

Wed
22
Jan

Will Marijuana Stocks Continue To See Gains Towards The End of January?

While profitability and the stableness of marijuana stocks are one of the main concerns in the industry, it seems as though several companies have defied these odds. This comes at a time when we have seen some large daily gains from some of the biggest losers of the past year. Many of the companies posting these big gains, lost the majority of their respective values during the 2019 fiscal year. With that being said, it seems as though there is something to make these players, marijuana stocks to watch.

Wed
22
Jan

Why this will be the decade of CBD

Think we’ve achieved some saturation point for all things cannabidiol (CBD)? Think again. The hemp-based CBD extract market will become a $2.25 to $2.75 billion industry in 2020, according to Nielsen projections. In five years, they expect those figures to more than double. The company predicts CBD will become a $6 billion industry by 2025, when CBD-infused food and beverages become more widely available.

Their 2020 projection, says Rich Maturo, vice president of cannabis practice at Nielsen, skews toward a conservative estimate. The company accounted for possible headwinds from any Food and Drug Administration regulations or other roadblocks that might comes this year.

Wed
22
Jan

Cannabis companies could go bust in 2020, industry insiders predict

What a difference a year makes.

Around this time in 2019, the cannabis sector was booming. Investors wanted in and stock prices were skyrocketing.

Today, share prices have tumbled and analysts are forecasting "many" bankruptcies by the end of the year. Just last month, two Canadian companies, AgMedica and Wayland, were granted creditor protection. 

Some producers are looking for an exit, even if it means being bought by their competitors. Others looking to beef up their cash reserves are offering to sell off equipment and greenhouses — at a discount.

"But in most cases, those are assets you don't want to take on. They're not efficient," said Greg Engel, chief executive officer of Organigram, a cannabis producer in Moncton, N.B.

Wed
22
Jan

Meet six people turning Alberta into the cannabis centre of Canada

Alberta loves cannabis. Some argue it has become the centre of Canada when it comes to weed.

As of December, 360 stores had applied for a cannabis license to the province’s Alberta Gaming, Liquor and Cannabis agency. “Alberta’s done a great job in building a network,” said Dave Bigoni, chief marketing officer at Canopy Growth.

So, it’s safe to say there are a lot of players in the cannabis game in Alberta. We rounded up six leaders you need to know about in the province:

Alison McMahon

Alison McMahon, Founder & CEO of Cannabis At Work, pictured in 2017.

Wed
22
Jan

Five Things To Watch in Cannabis In 2020

2019 was a hard year for cannabis stocks. As the industry struggled to start showing profitability, companies tried their best to strengthen their presence in the U.S. with a great wave of consolidation through M&A.

Although the impressive market potential of cannabis remains undisputed, hurdles along the way have caused many cannabis investors to become disenchanted with the industry and its short-term yields. 

In 2020, expect many of those same issues to continue -- but the new year could also bring new opportunities that could turn the tables for some sectors in the industry.

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