During the last year, we have consistently covered how research analysts at broker-dealers have been lowering price targets and ratings on Canadian Licensed Producers (LPs). (article originally appeared on Technical420)

These changes have been primarily related to lowering sales expectations, shirking profit margins, and rising net losses. In the near future, we do not expect any changes to the current trend in Canada as analysts have lowered sales forecasts by hundreds of millions of dollars for Canadian cannabis producers. 

Two of investors' all-time favorite cannabis companies released quarterly results last week. Canada-based Aurora Cannabis (NASDAQ:ACB) and Canopy Growth (NASDAQ:CGC) have made investors rich in the past. Both had an early mover advantage in the Canadian medical cannabis market. However, the last couple of years have been a roller-coaster ride. Besides some of their own mistakes, external headwinds like regulatory challenges in Canada delayed the opening of legal stores, which slowed down growth for these cannabis specialists.

A bushfire has impacted an alternative building materials manufacturer in Western Australia producing hemp blocks – but there has been a positive side.

A couple of weeks ago we reported Western Australian company Hemp Squared was awarded a $100,000 grant from the WA Government to expand its hemp block manufacturing facilities in Bridgetown, which is approximately 270 kilometres south of Perth.

The blocks Hemp Squared produces are made with hempcrete, a mix of the woody core of hemp (known as hurd), lime and water. Far from being a new building material, hempcrete has been used in various ways for thousands of years. Among its attributes is longevity – for example, a form of hempcrete has preserved caves in India for 1,500 years.

Aurora Cannabis (TSX:ACB)(NYSE:ACB) stock trimmed losses to $75.5 million, but problems still remain for this international cannabis producer.

Aurora Cannabis (TSX:ACB)(NYSE:ACB) reported a loss of $75.1 million for the second quarter, with the cannabis company’s growth outlook shaky, as it attempts to expand in international markets.

The report on the global Hemp-based Foods market provides qualitative and quantitative analysis for the period from 2017 to 2030. The report predicts the global ”Hemp-based Foods market” to grow with a healthy CAGR over the forecast period from 2020-2030. The study on Hemp-based Foods market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2017 to 2030.

The report on Hemp-based Foods market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global Hemp-based Foods market over the period of 2017 to 2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Cannabis stocks received a boost yesterday after positive earnings from Canopy Growth (TSX:WEED)(NASDAQ:CGC) stock, which jumped over 10%.

What happened?

Canopy Growth management continues to focus on profit. After selling its stake in a German pharmaceutical company and cutting costs, the loss totalled $115.5 million, down from $829.3 million the year before.

This amounted to a loss of $0.28 per diluted share for the quarter, beating estimates. The company also brought in $141 million for the quarter, down from $152.5 million the year before, as sales became hampered during the quarter.

Chocolates, roses and oysters aren't the ultimate aphrodisiacs after all, poll finds

Ontario's first licensed delivery service is offering to deliver $1 joints directly to your house, no matter where you live in the GTA. 

House of Cannabis is expanding their delivery reach by providing service to towns without any cannabis stores which include major cities with nearly 1 million residents like Mississauga. 

Benjamin Tran, who owns the House of Cannabis and grew up in Markham and Richmond Hill, says he's trying to focus delivery efforts on cities and towns that have no physical cannabis stores. 

House of Cannabis currently has stores in Toronto, Barrie and Keswick.

A hemp farm is making positive headlines in the UK for providing food and produce, as well as sanctuary, to refugees in need.

A hemp farm in the United Kingdom is being honored as a sanctuary for refugees for its program to help immigrants seeking a better life. Hempen, a co-operative community focused on the benefits of hemp, was recognized as a Garden of Sanctuary by City of Sanctuary, a group working to create welcoming spaces for refugees in UK towns and cities.

Hempen’s community outreach project Growing Solidarity hosts weekly events on Tuesdays that give refugees the opportunity to be in nature and meet new friends. Participants are also taught to grow their own food, which they can do either on the farm or in their own gardens at home.