Marijuana Business News

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Wed
08
Sep

Pure Extracts Ships Initial Vape Cartridge Order to the Ontario Cannabis Store

vaping

VANCOUVER, British Columbia, Sept. 08, 2021 (GLOBE NEWSWIRE) — Pure Extracts Technologies Corp. (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) (“Pure Extracts” or the “Company”), a plant-based extraction company focused on cannabis, hemp, functional mushrooms and the rapidly emerging psychedelic sector, is pleased to announce that its wholly-owned subsidiary, Pure Extracts Manufacturing Corp., has shipped its initial order via its distribution partner to the Ontario Cannabis Store (OCS), establishing the Company’s presence in Eastern Canada. Pure Extracts’ Pure Pulls CBD vape cartridges will soon be available for purchase through the OCS’ online store and through licensed, private retailers throughout the province.

Wed
08
Sep

Proposed Cannabis Class Action Goes Up in Smoke

In Badesha v. Cronos Group, 2021 ONSC 4346, the court refused to certify an action alleging securities misrepresentation because there was no reasonable possibility that the alleged misrepresentations caused any loss. The plaintiff argued that thousands of alleged misrepresentations in the defendant’s financial statements should be treated as separate misrepresentations, but failed to establish—or even plead—that anyone relied on any one of them.

Wed
08
Sep

Which Canadian Cannabis Company Is In the Best Position to Enter the U.S. Market?

cannabis bud on money

Much of the excitement in the marijuana industry today centers around the possibility that the U.S. will legalize cannabis in the near future. Even if you don't fall into the optimistic camp that believes legalization will take place imminently (say, within a year or two), at this point, it's a matter of when and not if. Support for legalization has never been higher, with more than two-thirds of Americans now in favor.

Wed
08
Sep

2 Top Canadian Marijuana Stocks To Buy In September?

watching a climbing stock chart

For many investors top marijuana stocks have seen significant volatility in 2021. After reaching new highs in February many of the best cannabis stocks to buy have seen significant market declines for the past six months. This is especially true with Canadian marijuana stocks in September. Since the presidential election, Canadian cannabis stocks have rallied on the notion federal cannabis legalization in the US would happen earlier in 2021.

Tue
07
Sep

Pathway Health Corp. Announces Acquisition of Certain Assets of O Cannabis We Stand on Guard for Thee Corporation

signing documents

TORONTO, Sept. 7, 2021 /CNW/ - Pathway Health Corp. ("Pathway" or the "Company") (TSXV: PHC) is pleased to announce that it has entered into an an asset purchase agreement to acquire the operating assets (the "Transaction") of O Cannabis We Stand on Guard for Thee Corporation ("OCC") (the "Agreement").

Tue
07
Sep

Grapefruit USA, Inc. Issues Further Update Concerning Formation of Joint Venture with Canadian Partner to Distribute Hourglass Products in Canada, Possible Acquisition

shaking hands

LOS ANGELES and DESERT HOT SPRINGS, Calif., Sept. 07, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Grapefruit USA, Inc. (OTCQB: GPFT) (“Grapefruit” or the “Company”), a premiere, fully licensed California-based cannabis company, today provides further updates to its March and May 2021 announcements concerning its discussions with a Canadian cannabis company regarding development of a memorandum of understanding (“MOU”) setting forth terms under which the parties could enter into a joint venture to jointly manufacture, distribute and market Grapefruit’s products, including, but not limited to, Grapefruit’s patented disruptive Hourglass™ THC/cannabinoid time-release delivery cream throughout Canada.

Fri
03
Sep

2 Canadian Marijuana Stocks To Watch Right Now In 2021

Top Canadian Marijuana Stocks For Your September 2021 Watchlist

For most of the trading day on September 2nd, marijuana stocks were showing more upward momentum. On this day the cannabis sector was a bit more in the green. This was another moment where investors were able to take some profits after a long decline in the market. Now what investors would like to see is this type of upward trading being more consistent in the sector. Unfortunately, there is no way to give a concrete answer on whether this upward trading will continue. But with more progress continuing outside of the market it may help resonate with positive sentiment amongst other cannabis stocks.

Fri
03
Sep

Cannabis firms catch a whiff of opportunity in Brazil

 

International cannabis companies are showing interest in Brazil, both its large consumer market for medicinal products and a proposal that could legalize planting of the crop.

 

Major producers like Colombia’s Clever Leaves and Canada’s Canopy Growth are developing and selling medicinal cannabis products to a Brazilian consumer segment estimated at 10 to 13 million people. This results from a 2019 regulatory change allowing the import, sale and manufacturing of such products.

But permission for cultivation of hemp and cannabis in Brazil would be a bigger prize. If granted, the industry could blossom in four to five years, based on the experience of other countries such as Colombia.

Fri
03
Sep

Adastra Launches Phyto Extractions Full Spectrum Shatter Vape Cartridge Line

Adastra Holdings Ltd. (formerly Phyto Extractions Inc.) (CSE: XTRX) (Frankfurt: D2EP) ("Adastra" or the "Company"), a leader in innovative ethnobotanical and cannabis science products, is pleased to announce the acceptance of its first Shatter vaporizer cartridge, under the Phyto Extractions brand. This product line represents a category expansion at the OCS as it is a novel product, offering a convenient-use format to the fast-growing extracts segment of the Canadian adult-use marketplace.

 

Hydrocarbon extracted shatter containing cannabis terpenes with 79-82% THC potency; A first-of-its-kind product, targeting first-time consumers of cannabis products (CNW Group/Adastra Holdings Ltd.)

Fri
03
Sep

CBD gummy scams featuring David Suzuki's image snare more and more victims, his foundation says

gummies

Bev Binder has been a supporter of the David Suzuki Foundation for years, so when she saw a Facebook advertisement for CBD gummies featuring his name, she jumped at the chance to buy them.

"I thought, oh, well this is something that could benefit the David Suzuki Foundation," said Binder, who uses CBD regularly to treat her arthritis.

Within moments of making the purchase with a credit card, she got the feeling that she might have been duped. She perused through the website a bit longer and quickly realized she had been scammed.

The Vancouver-based David Suzuki Foundation (DSF), which doesn't sell CBD products of any kind, is sounding the alarm as more and more people like Binder fall victim to the online scheme, which includes a series of fraudulent websites.

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