Three former executives of CannTrust Holdings Inc. are expected to appear in an Ontario court today as they face charges related to an unlicensed growing scandal.

The cannabis company's former chief executive Peter Aceto, former vice-chairman Mark Litwin, and former chairman Eric Paul each face charges of fraud, making false or misleading statements and authorizing, permitting or acquiescing in the commission of an offence.

Litwin and Paul are also facing insider trading charges and Litwin and Aceto are charged with making a false prospectus and false preliminary prospectus.

Australian medical cannabis company Althea Group Holdings Limited (ASX: AGH) says its Canadian subsidiary has signed a manufacturing agreement with another cannabis company in that country.

The agreement is between Peak Processing Solutions and Delshen Therapeutics Corp’s wholly owned subsidiary 48North Cannabis Corp and involves Peak manufacturing four products for 48North’s Latitude brand. The products are: a CBD body lotion, a 1:1 THC/CBD body lotion, CBD bath salts, and a 1:1 THC/CBD bath salts.

Minimum order quantities under the agreement have a combined value of approximately CAD$1.25 million.

“This agreement with 48North is once again recognition that Peak is becoming a major player in the Canadian legal cannabis market,” said Althea CEO Joshua Feagan.

Halifax, Nova Scotia--(Newsfile Corp. - July 20, 2021) - Sixth Wave Innovations Inc. (CSE: SIXW) (OTCQB: SIXWF) (FSE: AHUH) ("Sixth Wave", "SIXW" or the "Company") is pleased to announce that it has completed the initial Design for Manufacturing ("DFM") of its Affinity™ System (the "System") and has given Advanced Extraction Systems Inc. (AESI), located in Charlottetown, Prince Edward Island, approval of the design and bill of materials and commissioned delivery of its first System. It is estimated that the System will be ready for wet testing at AESI in late September and ready for shipment to the Company's proving laboratory in Maryland shortly thereafter.

Canada, France and China are the leading manufacturers of industrial cannabis in the U.S. today. Yet our nation has seen a dramatic increase in hemp farming across the entire continent.

Research and Markets estimates that the global industrial hemp market will reach $17.4 billion by 2027, up from $5.6 billion in 2020.

A Short History of Hemp

As a people, we have been using hemp for more than 10,000 years. There were traces of it found in Asia as early as 8000 B.C.

The forefathers of this country used hemp. The Constitution and the Declaration of Independence were written on hemp. The first 4 presidents grew their own hemp. Benjamin Franklin was a hemp farmer in Kentucky.

Following the closing of the merger between Aphria and Tilray, Inc. (TSX: TLRY) (Nasdaq: TLRY), former Tilray CEO Brendan Kennedy took a backseat to Irwin Simon who was appointed as CEO of the combined company. Originally viewed on Technical420

After the transaction closed, Tilray appointed Kennedy as a Director and a Board Member of the combined company and we are favorable on his decision to remain involved with the advancement of the Canadian Licensed Producer (LP).

Cannabis stocks were a growth machine for investors following the 2015 Canadian federal election. The hype for recreational legalization ramped up, and Liberal leaders Justin Trudeau managed to deliver on the promise. However, the reality of the rollout started to sour investors on the sector. As it stands today, the Canadian cannabis market is in desperate need of a boost to bring it back in the eyes of investors. Today, I want to look at Canopy Growth (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB), two top producers whose shares have plunged in 2021. Which is the better buy today? Let’s jump in.

LEDUC, AB, July 19, 2021 /CNW/ - PBG BioPharma Inc. ("PBG" or the "Company"), is pleased to announce that Health Canada has issued the company a Standard Processing Licence under the Cannabis Act, allowing the company to begin commercial scale cannabis/hemp manufacturing operations immediately.

• Nith & Grand tailored to cannabis aficionados with discerning taste, and will feature craft flower and premium concentrates
• Initial launch features TF Pink Kush Live Resin vape cartridges
• Strengthened product portfolio contributing to meaningful quarterly sales growth across all sales channels

TORONTO, July 19, 2021 (GLOBE NEWSWIRE) -- Aleafia Health Inc. (TSX: AH, OTCQX: ALEAF) (“Aleafia Health” or the “Company”) is pleased to announce the launch of its premium cannabis brand Nith & Grand. Featuring hang dried, hand trimmed, small batch dried flower, and premium concentrates, Nith & Grand appeals to experienced cannabis aficionados.

The demand for CBD has gone up exponentially for myriad reasons, including pain, depression, sleep disorders, and anxiety. And it’s not surprising it’s gone up even more since the pandemic started. 

There are several reasons that could explain the drop, including Sen. Schumer’s acknowledgment that the current draft of the Cannabis Administration and Opportunity Act may not garner enough votes to pass in the Senate.

Wednesday was a historic day for the marijuana industry with the unveiling of the highly-anticipated Senate bill that would federally legalize cannabis.