British Columbia

Synonyms: 
BC
B.C.
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Wed
13
Mar

THC to CBD: More cannabis companies expand their CBD capabilities

Investorideas.com, a leading investor news resource covering hemp and cannabis stocks releases a snapshot looking at the growing number of cannabis companies expanding their CBD capabilities, following the major market trends for 2019.

Every company and investor in the cannabis industry is well aware of the hype surrounding the potential for CBD and hemp. You can find a plethora of articles flooding the news about this sector, and the hype seems well justified according to research from New Frontier Data.  

Tue
12
Mar

Aurora Cannabis completes sale of cannabis oils to German pharmacies

In another move to expand internationally, Alberta-based Aurora Cannabis Inc. (NYSE: ACB; TSX: ACB; Frankfurt: 21P) today began selling Pedanios 5/1 branded cannabis oils to pharmacies in Germany.

The move follows completion of several regulatory hurdles from both the German and Canadian sides. Following that announcement, Aurora’s stock was up just over 3% this morning.

Aurora’s Chief Global Business Development Officer Neil Belot commented on the company’s strategy behind moving into the German market with oil extracts:

Fri
08
Mar

B.C. tax revenue from legal cannabis lower than expected

B.C.'s first round of tax revenue from legal cannabis is lower than the estimates written into the 2018/2019 budget.

The province had estimated it would receive $200 million over three years. But provincial Finance Minister Carole James told reporters Wednesday the province has now built in $68 million over three years.

"We can make adjustments to that each year as we see the progress of the stores opening," she said.

James said the discrepancy was due to delays in legalization from the federal government and municipal elections across B.C. which put new permits for pot shops on hold.

"We've seen a delay in opening of stores and that obviously impacts the revenue," she said.

Fri
08
Mar

Langford's first pot shop poised to open within months

A recreational-cannabis store poised to open in Langford this year is the latest link in a chain of Clarity Cannabis outlets founded by a Victoria pharmacist.

Michael Forbes has already launched three stores in Alberta, with another 26 awaiting construction and regulation approvals in that province.

He plans to open seven in B.C. and one in Saskatchewan.

In addition to the Langford outlet, Forbes said he intends to open stores in Cranbrook, Dawson Creek, Kamloops, Prince Rupert and two in Victoria.

“As a licensed and practicing pharmacist, I find a lot of crossover in terms of retailing cannabis and pharmaceuticals in terms of ensuring customer safety and treating everyone with compassion and fairness,” Forbes said in an email to the Times Colonist.

Wed
06
Mar

Cannabis trial for post-concussion problems offers hope to former NHL players

Former Vancouver Canuck Andrew Alberts says NHL alumni are hopeful a new clinical study will find cannabinoids can help treat post-concussion neurological problems.

Mon
04
Mar

Kamloops mayor says cannabis landscape likely to change

The mayor of Kamloops, British Columbia says rules around cannabis today may be different tomorrow, after the city recently rejected two different applications for legal pot shops.

Ken Christian says there is still another shoe to drop on the legal cannabis front when edibles are legalized later this year.

He believes that will alter the dynamic and with such a new industry, he thinks there will be a natural re-evaluation of the rules.

Christian says he thinks the entire retail cannabis landscape will be reassessed once legislators have a year or two of legalization under their belts.

He says the city is probably over-served with cannabis stores right now.

Fri
01
Mar

Yield Growth registers CBD oil lip glosses with Health Canada

Vancouver, British Columbia-based Yield Growth is working in the cannabis wellness products market. By January 31, just one month after its retail sales launch, Yield Growth announced its Urban Juve skin care products were available for purchase in 20 retail locations across Canada.

Thu
28
Feb

Marijauna penny stocks still strong: Koios Beverages and Fire & Flower

Marijuana penny stocks have corrected this morning, and most are trading red on US and Canadian markets. This morning, Koios Beverage Corp (CSE:KBEV) is booming and is seeing share percentage gains of 100%. Fire & Flower Holdings Corp (TSXV:FAF) is also trading green.

Today, we’ll explore why these two cannabis penny stocks are trending upward, while the rest of the market is falling.

Tue
26
Feb

4 companies shaping the cannabis retail market

The cannabis retail market remains one of marijuana's biggest unknowns. Companies have been working on different approaches when it comes to developing stores or products that will appeal to consumers. It will take time before we see which strategies prove to be successful and which will fall flat. 

Here is an overview of four cannabis companies and their very different approaches for gaining market share in the retail space.

Westleaf Inc. (WL) (otcmkts:WSLFF): Set to Become of Canada's Largest Premium Cannabis Retailers

Mon
25
Feb

Big banks shun B.C. cannabis-sector entrepreneurs

It is more than four months since Canada legalized recreational cannabis but entrepreneurs acting within the law in that sector continue to face hurdles and discrimination when looking for a financial institution.

“It’s very frustrating,” said aspiring cannabis-sector entrepreneur and Phytron Technologies Inc. CEO Bob Potter. “How can companies attract outside money if they can’t deposit it in a secure financial institution? Do they keep the cash in a shoebox under the bed?”

Potter plans to become a licensed cannabis grower, and he is developing software aimed at optimizing growing conditions inside cannabis grow rooms.

Canada’s big banks all turned Potter down when he asked them if he could open a business account. So did major credit unions.

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