Marijuana Business News

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Tue
23
Nov

Tilray Hosts 2021 Annual Meeting of Shareholders

business woman

Tilray, Inc. (“Tilray” or the “Company”) (NASDAQ | TSX: TLRY), a global pioneer in cannabis research, cultivation, production, and distribution, today held its first Annual Meeting of Shareholders as the ‘new’ Tilray, the leading cannabis-lifestyle and consumer packaged goods company with the largest global geographic footprint in the industry.

Mon
22
Nov

Colorado CBD firm to sell 80% of business to Canadian cannabis retailer

couple smoking marijuana

Canadian cannabis retail, CBD and accessory company High Tide announced a deal to acquire 80% of Denver-based CBD wellness product producer and distributor NuLeaf Naturals.

High Tide also has an option to acquire the remaining 20% of the Colorado company.

High Tide is paying in shares and will have a three-year call option to acquire the remainder.

Mon
22
Nov

Canadian Market Down In Negative Territory; Cannabis, Technology Stocks Drift Lower

stock market section

After a weak start and a subsequent recovery that lifted it into positive territory for a few minutes, the Canadian stock market slipped into the red Monday morning, weighed down by losses in healthcare and technology shares.Energy stocks are up firmly in positive territory, while a few stocks from telecom and financial sectors are up with notable gains. Shares from other sectors are mostly subdued in cautious trade.Worries about growth due to the spread of the coronavirus cases in several parts across Europe and lockdown restriction in some countries appear to be weighing on sentiment.

The benchmark S&P/TSX Composite Index is down 108.51 points or 0.5% at 21,446.52 a few minutes past noon.

Mon
22
Nov

Pommies Receives Micro-Processing Licence from Health Canada for Greater Toronto Area Facility

plants

 The Valens Company Inc. (TSX: VLNS) (OTCQX: VLNCF) (the “Company,” “The Valens Company” or “Valens”), a leading manufacturer of cannabis products, today announced that Pommies (otherwise known as Southern Cliff Brands) has been issued a micro-processing licence from Health Canada for its manufacturing facility located in the Greater Toronto Area (the “GTA Facility”). With this licence, Valens active manufacturing platform now extends from Western to Eastern Canada, increasing speed-to-market capabilities while optimizing distribution cost-savings and efficiencies.

Mon
22
Nov

Lift&Co. Expo Welcomes 10K+: Canada’s No. 1 Cannabis & Psychedelics Conference is Back & Better Than Ever!

woman smoking weed

The anticipated event’s buzz-worthy return energized the Metro Toronto Convention Centre, November 18 - 21

Exciting! Engaging! Enlightening! Lift&Co. Expo returned to Toronto last week, with exclamations aplenty. After an anticipation-building hiatus, Canada’s no. 1 cannabis and psychedelics conference and trade show treated thousands to surprises and a-ha moments, levelling-up its signature experience with many forward-thinking new features.

Mon
22
Nov

Aurora's Stock Trades Higher On Announcing Sponsorship Of Cannabis Amnesty

stock market screen

Canadian cannabis giant Aurora Cannabis Inc. ACB announced Monday that it has renewed its sponsorship of Cannabis Amnesty, an organization whose work involves seeking pardons for all individuals convicted of simple cannabis possession. (article originally appeared on Benzinga)

Based in Edmonton, Alberta, Aurora announced that the initiative will support Cannabis Amnesty's campaign to right historical wrongs by emphasizing the impact on individuals and communities that have borne the brunt of cannabis prohibition.

Mon
22
Nov

Uber Finally Enters Cannabis Space In Canada, Adds Marijuana Orders Via Uber Eats

couple smoking joint

Uber has said its new cannabis delivery service will attract more Canadian adults to turn to safe, legal weed, which will ultimately help the country wrest sales away from the illicit market.

Uber is getting into the cannabis industry in Canada!

The delivery and takeout division of Uber has teamed up with the cannabis retailer Tokyo Smoke to deliver weed products orders via Uber Eats in Ontario, Canada, a company spokesperson confirmed to Reuters.

Fri
19
Nov

HEXO Announces Changes to its Board of Directors

Hexo logo

HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NASDAQ: HEXO), today announced that Sebastien St-Louis has resigned from HEXO’s Board of Directors. The Company also announced that it has appointed President and CEO, Scott Cooper, as a Director to replace Sebastien St-Louis, effective yesterday.

“I would like to take this opportunity to thank Sebastien for over eight years of service on HEXO’s Board of Directors. Through his years of dedication, he has helped build HEXO into a market leader in Canada.” said Dr. Michael Munzar, Chair of the Board.

Fri
19
Nov

Canopy Growth Announces Changes to Executive Management Team

Canopy Growth logo

Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, today announced strategic changes to its Executive Management Committee. Effective immediately, Mike Lee, Executive Vice President and Chief Financial Officer, and Rade Kovacevic, President and Chief Product Officer will be stepping down from their respective roles on the Executive Management Committee and will depart from the company on December 31, 2021. In the interim, they will serve in an advisory capacity to support transition.

Fri
19
Nov

Tech that converts liquid cannabis to a gel could change the way Canadians consume cannabis

scientists in pink lights

Licensed to a Vancouver company, the goal is to employ technology that converts liquid solution to a gel to commercialize products in the form of a nasal spray.

Australia’s University of Queensland (U.Q.) and Canada’s PreveCeutical Medical Inc. have teamed up for what is being called a revolutionary change in how patients will take medical cannabis: a liquid that converts to a gel.

The Sol-Gel technology is thanks to the work of a team of researchers, led by Dr. Harendra Parekh, at the U.Q.’s School of Pharmacy, which explains the liquid solution converts to a gel upon contacting “internal membranes of the human body, such as the nose.”

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