BioHarvest Sciences Inc. (CSE: BHSC) has announced its plan to build a production facility in Canada, as part of the next phase in the global expansion of its Cannabis vertical. To that end, the Company is exploring opportunities to acquire an existing licensed facility or a Licensed Producer (LP), which would enable the Company to use its BioFarming technology to produce and then sell unique cannabis products into the Canadian market. (Click here for the Entire Article)

Surplus inventory involves facilities in California, Kentucky and Massachusetts, as well as Ontario, Canada. Liquidation represents buying opportunity for companies in cannabis, pharmaceutical, cosmetics and other industries.

 Tiger Group is selling over 55 million pieces of brand-new hemp CBD wellness products, packaging and related accessories in a major liquidation event.

Worth a total of approximately $15 million at cost, the inventory is available for immediate purchase.

Opportunities continue to crop up for a Manitoba-based hemp company that tapped into an innovative program to bolster its international reach.  

Better Hemp Company has grown a solid reputation by selling foods made from homegrown hemp seeds.

The bustling business made its first sales to South Korean companies in 2017. After that, the customer base grew to include Canada, the United States and New Zealand.

"Hemp seeds are a nutritious and versatile food that are rich in protein, essential fatty acids, polyunsaturated fats and numerous vitamins and minerals, including iron, magnesium, manganese and potassium to name a few," explains CEO Dan Kreklewich.

Following a detailed reported from the British Columbia (BC) Chamber of Commerce Cannabis Working Group, changes could be coming to the province’s emerging legal cannabis industry. (Click here for full article)

The group published a report that provides recommendations on how to develop and scale the industry to make it competitive with other provinces in Canada. From allowing licensed private retailers to take online orders to eliminating the 20% provincial tax on cannabis vape products, we believe these recommendations could be a catalyst for companies with leverage to BC.

The cafe in the city's Upper Craigs has been running for around two years.

A Stirling city centre cafe which uses ingredients and products from cannabis plants is to be allowed to open in the evenings. The Hemp Room Cafe at 44 Upper Craigs has been operating for around two years. However, as part of the planning permission approved by Stirling Council in November 2019, a condition restricted hours to Monday to Saturday from 8am to 6pm.

Owner Claire Watson submitted an application to council planners seeking to remove the original condition so the cafe could open until 11pm.

Now council planners have conditionally approved the bid, although with some elements of the original restriction remaining.

Despite marijuana being a fast-growing industry, these cannabis stocks are buzzkills.

Although it's had its ups and downs, cannabis is forecast to be one of the fastest-growing industries over the next five years. According to cannabis-focused analytics company BDSA, global marijuana sales are projected to hit $62.1 billion by 2026, representing a doubling from the estimated $31 billion believed to have been sold globally in 2021.

However, not all marijuana stocks are going to be winners. While the industry is full of promising growth stocks, some of which are already achieving recurring profitability, the following four pot stocks, all of which have a Canadian focus, should be avoided like the plague in 2022

Stephen Kim brings experience in-house at Bayer and Indivior to Avicanna

Chamber of Commerce says regulated cannabis industry needs help competing with illicit market

The B.C. Chamber of Commerce wants the province to "modernize" recreational cannabis by, among other things, allowing app-based delivery of products from private retailers.

A new report from the chamber says B.C.'s recreational pot industry is missing out on opportunities with present regulations.

The chamber makes 13 recommendations for rules around retail and delivery, licensing and taxation of cannabis businesses.

"Implementing the ... recommendations will unlock billions of dollars in private sector investment," Fiona Famulak, the chamber's president and CEO, said in a statement.

Although recreational cannabis has been legal in Canada for three years, the market continues to face challenges. 

Municipal bans on cannabis brick-and-mortar retailers in Canadian provinces have slowed down the growth of the industry by forcing consumers to drive long distances to municipalities that have a large number of cannabis brick-and-mortar storefronts.

The decision to ban the opening of cannabis retail stores has benefited the illicit market and we hope to see a decrease in the number of municipalities that have banned the opening of cannabis retail stores in 2022. (Click Here for full article)

This year will be a big test for cannabis company Sundial Growers (NASDAQ: SNDL). With one recent acquisition closed and another that could be complete in the next few months, the business is undergoing some significant changes that will likely dictate the direction of its share price this year.

In 2021, its stock was up over 400% at one point and ended up finishing the year with a 22% gain -- far better than the Horizons Marijuana Life Sciences ETF, which fell 19%. Can Sundial continue to outperform the broad marijuana index, or will 2022 be a tougher year for the stock?

Why its shares could skyrocket

There are multiple scenarios where I can see Sundial having a great year.