Inside the first Health Canada licensed and Indigenous-owned cannabis company operating on a First Nation Territory.

Seven is a prominent number in Kanien’keha:ka (Mohawk) culture, says Dianna Tarbell. (Image by Seven Leaf, Instagram)

Tarbell is the general manager of Seven Leaf, the first Health Canada licensed and Indigenous-owned and operated cannabis company operating on a First Nation Territory.

It has been more than three years since Canada legalized marijuana, but many producers in the country continue to struggle.

Marijuana became legal for recreational use in Canada in October 2018. That has allowed cannabis companies to offer more products to customers and significantly expand their operations. But investing in the sector post-legalization has left many investors with staggering losses. So what's wrong with the industry?

Below, in four charts, I'll provide an overview of where the Canadian pot market is today. And I'll also assess whether it's a good idea to invest in a top cannabis producer in the country.

The firm says Adam Arviv’s ‘actions serve as an unhelpful distraction’

It’s been a rough week for Quebec cannabis firm Hexo Corp. (TSX: HEXO) (Nasdaq: HEXO). With stock falling low enough to risk losing its Nasdaq listing, a shareholder is demanding a shakeup of the legacy board.

On Wednesday, shareholder Adam Arviv, who owns about a 2-per-cent stake in Hexo, called for five new independent directors to replace most of the current board members, in hopes of turning around the company’s “disappointing performance.”

Canadian hemp is speeding onto the world stage in the 2022 Winter Olympics opening Friday in Beijing. Calgary, Alberta-based processor Canadian Greenfield Technologies sent more than 60,000 pounds of its NForce-Fiber for use in competition luge and bobsled tracks.

The fibers were used in place of plastic fibers as a concrete strengthener.

The company sells hemp fibers for outdoor construction projects that use sprayed concrete – commonly called shotcrete – such as outdoor pools and skate parks. The fibers strengthen the concrete.

The company also made consumer hemp products, including cat litter, hemp-derived potting soil and food-preservation pads.

Old-school cannabis customers return to THC Canada

THC Canada started in the legacy market and has been on Vancouver’s Main Street since 2016. Now post-legalization, it’s one of the best-known licensed stores in the country.

“We’re one of the busiest stores in Canada. We like to say we’re one of the most legendary stores in Canada because of our storied past in the legacy market,” says Colin Bambury, head of marketing at THC Canada.

A lot of customers from the legacy days continue to shop in the store, he says—though there were some hiccups in the early years.

“When rec-legalization first took place, a lot of those customers were either coming in and being disappointed or not shopping with us for the first year or two,” he says.

Manitoba will play host to a new cannabis product line aimed at funding efforts to legalize home growing in the province.

TobaGrown is taking its fight to enable Manitobans to grow cannabis at home by launching what it claims are Canada’s first not-for-profit legal cannabis products.

The products will be available in Manitoba and the funds raised will go toward the organization’s legal fees and court costs. Any remaining profits will be donated to charity.

The federal Cannabis Act allows adults of legal age in their province or territory to grow as many as four plants per residence for personal use, but each jurisdiction has its own rules. Both Manitoba and Quebec do not currently allow growing weed at home.

Médicibis ("Mendo"), a Canadian licensed producer and owner of mendocannabis.ca, an online portal for medical cannabis patients that ships nationwide, announced today it reached an agreement with CannMart to ease patient transition as CannMart Medical have decided to close their medical cannabis site.

"We have reached an agreement with Mendo Cannabis to ease the transfer of our patients and we are confident in their ability to provide the same care and kindness we provided through our cannmart platform, said Daniel Stern, CEO of CannMart

Top Canadian Pot Stocks To Watch In February

A new report says cannabis has contributed $43.5 billion to Canada’s gross domestic product and $13.3 billion to Ontario's since recreational pot was legalized in October 2018.

The report from Deloitte Canada and provincial pot distributor, the Ontario Cannabis Store, says about $25.2 billion of that contribution comes from labour income and 151,000 jobs.

The report says for every dollar in revenue or capital expenditures, the industry adds about $1.09 to Canada's GDP and $1.02 to Ontario's.

For every million dollars in revenue or capital expenditure, the cannabis sector sustains about four jobs in Canada and Ontario each.

The research also estimates that the industry has generated $15.1 billion in Canadian tax revenues and $3 billion for Ontario.