Marijuana Business News

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stocks
business
Wed
08
Dec

Tech stocks drive Toronto index lower ahead of BoC rate decision

stock charts

Canada's main stock index fell on Wednesday, weighed down by technology stocks, ahead of the Bank of Canada's interest rate decision due later in the day.

At 9:41 a.m. ET (14:41 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 74.95 points, or 0.35%, at 21,087.7 with both technology (.SPTTTK) and healthcare (.GSPTTHC) stocks down over 1%.

Tue
07
Dec

Pathway Health Corp. Announces Collaboration Agreement with Metro Ontario Pharmacies Limited

sign

Collaboration Agreement on Pathway Health's Medical Cannabis Management System in Pharmacy to include the Metro Pharmacy and Food Basics Pharmacy banners of Metro Ontario Pharmacies Limited.

Pathway Health, Corp. ("Pathway" or the "Company") (TSXV: PHC) is pleased to announce that it has signed a Collaboration Agreement (the "Agreement") with Metro Ontario Pharmacies Limited ("Metro Ontario Pharmacies"), a subsidiary of Metro Inc. (TSX: MRU), pertaining to the implementation of Pathway's Medical Cannabis Management System ("MCMS") in Metro Ontario Pharmacies' Metro Pharmacy and Food Basics Pharmacy bannered pharmacies across Ontario. 

Tue
07
Dec

IM Cannabis to Launch WAGNERS Brand in Germany

hand out

IM Cannabis expects to export premium, indoor-grown Canadian cannabis in 2022 to the rapidly evolving German medical cannabis market

Mon
06
Dec

9 Trends and Predictions for the Cannabis Industry in the New Year

cannabis

We predict that 2022 will be another favorable, yet unpredictable, year for the cannabis industry, which is expected to hit $30 billion in sales.

We predict that 2022 will be another favorable, yet unpredictable, year for the cannabis industry, which is expected to hit $30 billion in sales. Creative, nimble and well-capitalized businesses will thrive, while new entrants in established markets may struggle to gain footing amid banking and tax obstacles.

One thing is clear: momentum for federal legalization is building as consumers and the industry demand reform.

Mon
06
Dec

The future of cannabis retail stores in Centre Wellington and Mapleton

cannabis

Since the legalization of cannabis in Canada, all but two municipalities in Wellington County have opted in with cannabis retail: Centre Wellington and Mapleton.

In January of 2018, municipalities had to decide whether to opt in or opt out of cannabis retail. Once opted in, municipalities were told they could not opt out.

The Townships of Guelph/Eramosa, Puslinch, Wellington North, and the Town of Minto have opted in since 2019, and just recently, Erin council unanimously opted in to having cannabis retail stores in the town.

Fri
03
Dec

Ayurcann Wins Two Leading Awards in Canada for Extraction Facility and Toll Processing Facility of the Year

awards

 Ayurcann Holdings Corp. ( CSE: AYUR , OTCQB: CDCLF , FSE:3ZQ0 ) (the “Company” or “Ayurcann”) a Canadian cannabis extraction company specializing in the processing of cannabis and hemp for the production of oils and various derivative products, is pleased to announce that it has won Extraction Facility of the Year and Toll Processing Facility of the Year at the 2021 GrowUp Awards Gala in Niagara Falls, Ontario, Canada.

Fri
03
Dec

David Beckham-backed cannabis skincare company launches first product line amid mounting losses

skincare products

The company raised more than $20 million after listing on the London Stock Exchange earlier this year.

Earlier this year, Cellular Goods, a cannabis skincare company backed by David Beckham, became just the third cannabis company to list on the London Stock Exchange (LSE).

The share price for Cellular Goods climbed by more than 300 per cent after its initial public offering, but the Evening Standard reports that, over the past fiscal year, the company has posted no revenue and lost £3.3 million ($5.6 million).

Fri
03
Dec

Vibe Growth to Present at the SNN Network Canada Virtual Event December 7 - 9, 2021

Vibe Growth Corporation (CSE:VIBE)(OTCQX:VIBEF) (the "Company" or "Vibe"), a vertically integrated California cannabis enterprise, will be presenting at the SNN Network Canada Virtual Event, taking place virtually December 7th - 9th, 2021.

Vibe Chief Executive Officer, Mark Waldron, will present the Company's growth opportunity and recent initiatives relating to its 2021 and 2022 retail, cultivation and brand expansion strategy in the world's largest cannabis market, California.

The conference will be a live, interactive online event where investors are invited to ask the Company questions in real-time. An archived webcast will be made available for attendees who cannot join the event live.

Fri
03
Dec

Humble & Fume to Distribute PAX Vaping Products in Canada

vaping device

Humble & Fume Announces Sales and Distribution Partnership with PAX Labs, Inc. for PAX®-Branded Vape Devices in Canada

 Humble & Fume Inc. (CSE: HMBL) (“Humble” or the “Company”), a leading North American distributor of cannabis and cannabis accessories, announced today that it has entered into a sales representation and distribution partnership with PAX Labs, Inc. (“PAX”), a leader in the design and development of premium, app-controlled vaporization technologies and devices, for the commercialization and distribution of PAX-branded vaporizing products in Canada.

Thu
02
Dec

'Inaccurate inventory forecasting by Ontario Cannabis Store has contributed to products being out of stock'

store

A blunt report by province’s auditor general assesses efforts to date.

The Ontario Cannabis Retail Corporation (OCRC) must strengthen its inventory forecasting chops if it expects to ensure that customers have full and timely access to recreational weed , suggests the 2021 Annual Report from the Office of the Auditor General of Ontario.

Operating as Ontario Cannabis Store , OCRC is the only legal online provider of recreational cannabis in Ontario and the sole wholesaler to authorized private retail stores.

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