Marijuana Business News

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Mon
17
Jan

Study Sheds Light On Consumer Delta-8 THC Perceptions

scientific diagram

University at Buffalo and University of Michigan researchers have published papers based on a survey of more than 500 participants’ experiences with delta-8-THC.

Delta-8 THC is cannabinoid that can be created by manipulating cannabidiol (CBD) extracted from legally grown hemp. As with the more commonly known delta-9-thc, delta-8 has intoxicating attributes. It’s a relatively new THC kid on the block and lawmakers in various US states have been grappling with how to deal with its popularity given its sale exploits a perceived loophole in federal laws. Some states have banned it and others have introduced specific regulations; while others are yet to make a move either way.

Mon
17
Jan

Capitalizing on CBD

CBD drops

It appears Pakistan may soon be entering the lucrative and growing global cannabis industry. Prime Minister Imran Khan’s government announced late last year that it would allow for the industrial production of hemp, a cannabis plant containing cannabidiol (CBD) that many experts believe has numerous therapeutic benefits and is generally sold in the form of gel capsules, gummies, oils, supplements, and extracts.

Fri
14
Jan

Lifeist Wellness' Cannabis 2.0 Roilty brand wins Canadian LP brand of the year award at 2021 ADCANN Awards

Lifeist

The win comes only months after the initial launch by Lifeist’s wholly-owned subsidiary Cannmart Inc, and the launch of sister company CannMart Labs Inc

Lifeist Wellness Inc has announced that its Cannabis 2.0 consumer-focused house brand Roilty has won the Canadian LP Brand of the Year award at the 2021 ADCANN Awards. 

The company said the annual industry awards, which are voted on by both industry peers and the public and saw over 100,000 votes cast nationwide, celebrate the best in marketing and advertising across Canada’s cannabis industry. 

Fri
14
Jan

Tilray rally fades as investor doubts about pot stocks prevail

phone

Canadian cannabis titan Tilray Inc. fell for a third straight day, surrendering much of a rally posted earlier this week after earnings that were buoyed by acquisitions and a rebranding -- moves aimed at strengthening its global reach in the face of stiff competition at home.

Canada’s marijuana-market leader is still up about 4% this week after the shares jumped 14% Monday, when it reported better-than-expected results and said it was repositioning itself as a global consumer packaged-goods “powerhouse.” Demand for its cannabis brands, craft beer and hemp products boosted profits, the company said.

Fri
14
Jan

Aurora Cannabis announces new director and updates to the board

Aurora logo

Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the appointment of Chitwant Kohli to the Company’s Board of Directors (the “Board”), effective today. This is a newly added position that expands the Board to nine members, seven of whom are independent.

Fri
14
Jan

High Tide opens 107th marijuana store in Canada with new Canna Cabana location in Regina

high tide logo

The retail-focused marijuana company High Tide Inc. HITI (FSE:2LYA) announced Friday that its Canna Cabana store in Regina, Saskatchewan has begun selling recreational cannabis products. The store is located at 155 Albert Street North, which is a major north-south thoroughfare and commercial corridor in Regina, Saskatchewan’s capital and second-largest city. 

This opening represents High Tide’s 107th branded retail location across Canada and 7th in Saskatchewan to sell adult-use cannabis products and accessories. (Click for Benzinga article)

Fri
14
Jan

Hygrovest significantly outperforms dip in Canadian cannabis market, looks to diversify with new investments

market

Hygrovest has weathered a decline in the Canadian cannabis market with outperforming assets, but now looks to reduce risk by diversifying assets into non-cannabis sectors following approval for a broadened investment mandate at the company's AGM.

Hygrovest Ltd (ASX:MMJ) has significantly outperformed a declining Canadian cannabis market, the investment holding group’s net asset value (NAV) decreasing just 13% compared to a 46% decline in the benchmark over the same period. 

The specialist investment company is now looking to close the 61% gap in its share price to NAV ratio by working with its largest investment, Weed Me, to achieve liquidity during 2022 and realising underperforming or illiquid investments. 

Thu
13
Jan

Gaia Grow's Canadian Cannabis Laboratory TRU Extracts Receives January Pre Roll Processing Service Order Totaling $519,000

gaia

Gaia Grow Corp. is excited to announce that its wholly-owned subsidiary, TruExtracts Laboratories (“TRU”), has received its first processing service order (“PSO”) of 2022 in relation to its agreement with an arms-length Canadian cannabis producer (“the producer”) to manufacture approximately 30,000 cannabis pre-rolls per day. TRU will be manufacturing 2 strains of 10 x 0.3g Pre-Roll Packs.

TRU will be responsible for purchasing and processing the biomass in accordance with the processing service orders provided by the producer and will deliver final retail products in accordance with shipment instructions coordinated and supplied by the producer. The Company expects to see further PSO’s over the coming weeks.

Thu
13
Jan

Canadian Cannabis Company Tilray is Merging the Worlds of Cannabis and Alcohol

sweetwater

Tilray, the largest cannabis company in Canada and the world, is blazing a path others may soon follow, getting into the alcohol business. While this might seem a no-brainer, both industries deal in intoxicants, so far, any merging of interests has been strictly one-sided, with only large alcohol entities investing in the once hyped cannabis market up north.

Wed
12
Jan

‘Operation Mad Money’ Reveals Ties Between Illegal Weed and GTA Real Estate

Toronto

There are now calls for a public inquiry and heightened transparency after a drug and money laundering investigation called “Operation Mad Money” shows links to the Greater Toronto Area (GTA). 

The investigation reveals connections between illegal marijuana sales and Toronto’s red-hot real estate market, as CTV News Toronto reports. 

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