TORONTO, Aug. 4, 2021 /CNW/ - Fire & Flower Holdings Corp.  ("Fire & Flower" or the "Company") (TSX: FAF) (OTCQX: FFLWF) and its wholly-owned subsidiary Hifyre™ Inc. ("Hifyre"), today announced the acquisition of certain assets from subsidiaries of Wikileaf Technologies Inc. (CSE: WIKI) ("Wikileaf"), an online platform for cannabis enthusiasts and consumers, as part of its innovative new digital strategy focused on enhancing the Company's proprietary data-driven retail platform.

emp is a cannabis sativa plant that contains only trace amounts of THC, the psychoactive ingredient typically associated with marijuana.

The market for industrial hemp, which can be used to make a wide variety of products, was estimated to be US$5 billion in 2019 and is forecast to grow to US$36 billion by 2026.

More hemp being turned into more products means more hemp waste, which is the stalk after the leaves, flower and seeds have been removed.

SASKATOON, Saskatchewan, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Mother Labs Inc. (“Mother Labs”) and Rascal Seed Research Laboratories Pty. Ltd. (“Rascal Seed”) are happy to announce a shipment of tissue culture germplasm has been successfully received in South Africa with Health Canada’s approval granted earlier this year. The companies have entered a long-term multi-year partnership whereby Mother Labs will supply contractual genetics, including more than ten (10) premium, high-quality cultivars to the South African Tissue Culture Laboratory and Research Facility.

Optimism among Canadian cannabis producers was high when Democrat Joe Biden won the U.S. presidency in November 2020. Three senators from the party promised legislation in early February 2021 that would end the federal prohibition on marijuana. Weed stocks rallied, including Aurora Cannabis (TSX:ACB)(NYSE:ACB).

From $10.60 on December 31, 2020, the share price soared 126.04% to $23.96 on February 10, 2021. However, the rally didn’t sustain because there’s no significant progress yet to remove marijuana from the federal schedule of controlled substances.

VANCOUVER, British Columbia, Aug. 03, 2021 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified and premium cannabis, is pleased to announce that it has been granted a Research License by Health Canada. The Research License allows the Company to distribute and administer its cannabis for research purposes and to test and review its products based on taste, sight, smell and touch.

The future looked bright for hemp farmers, but the demand for CBD didn’t follow at the expected levels.

Delta-8 and smokable flower are the two products keeping hemp framers alive. The regulatory loophole that has allowed Delta-8 to be sold legally is also causing legal confusion. Delta-8 is a cannabis product that can be derived from hemp, but still give the consumer a light psychotropic experience. Some states have issued restrictions around the product, while others haven’t addressed it at all. Either way, the demand has been a blessing to hemp farmers who planted lots of acres in 2019 expecting a surge in CBD products, only to see the market contract and prices plummet. 

In a surprise development, leading Canadian Licensed Producer (LP) Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Houseplant have mutually agreed to end their relationship. The development comes after the companies operated a successful joint venture for three years. Article originally viewed on Technical420.com

According to a press release, the company determined that it is time for Houseplant to focus on developing a brand independently, while Canopy Growth focuses on advancing its wholly-owned brands for the Canadian market.

(Bloomberg) -- Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions.

Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared to a loss of $84.3 million in the year-earlier period, while Ebitda almost quadrupled to $12.3 million, the Leamington, Ontario-based company said in a statement today. It was the company’s first quarterly report since it merged with Aphria Inc.

London-listed marijuana business Kanabo (KNB.L) has struck a deal that it says will make it Europe's biggest publicly traded cannabis company.

Kanabo said on Monday it had agreed terms to buy the European operations of Canada's Materia, a cannabis processor and supplier. Exact terms weren't disclosed but Kanabo said the deal would be paid for through shares and subject to performance-related goals.

"The only part that we’re not involved in now in the supply chain is cultivation," Kanabo's chief executive Avihu Tamir told Yahoo Finance UK. "Our belief is that cultivation will be a commodity like other agricultural products. We believe the value is in the last mile."

The cannabis grow operations are located within the Agricultural Land Reserve

A large-scale greenhouse, that’s made the switch to cannabis, is finally entering the market with its first harvest.

AgraFlora Organics International Inc. has a partnership with the huge Houweling Nurseries complex on 64th Street, an operation called Propagation Services Canada.

Greenhouse owner Ruben Houweling and CEO Elise Coppens this week on Twitter proudly pictured themselves in the drying room at the Delta facility, saying the operation’s first harvest is complete.

The venture will see the eventual conversion of the entire 2.2-million-square-foot greenhouse facility, which is located in the Agricultural Land Reserve.