Canada

Synonyms: 
canadian
canuck
ontario
newfoundland
PEI
nova scotia
new brunswick
quebec
manitoba
sasketchewan
alberta
BC
Mon
28
Feb

There is a major shake up going on in the Canadian cannabis sector in terms of who is winning the consumer

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Although the Canadian cannabis industry has been under pressure and has not grown as fast as many analysts forecasted, the sector has contributed $43.5 billion to Canada’s national gross domestic product (GDP) since recreational cannabis was legalized in 2018 (according to a Deloitte Canada). According to the report, Canada’s recreational cannabis industry has created 98,000 jobs, contributed $15.1 billion into the government’s coffer, and added approx. $1.09 to Canada’s GDP for every dollar for revenue and capital expenditure. We find these numbers to be significant, however, Canadian cannabis companies have been some of the hardest hit since early 2021.

Mon
28
Feb

This Canadian company is putting cannabis on the menu in a new way

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West Blvd Cannabis just opened Canada's first cannabis culinary facility. Here's what they've got planned

Before West Blvd Cannabis (WBC) opened its doors in Vancouver’s ​​Mount Pleasant neighbourhood, the company’s founders travelled to Oregon and Colorado, two states with a lengthy history of legal pot.

Colorado and Washington were the first states to legalize the recreational use of cannabis in 2012. Oregon followed suit in 2014. The visits offered a view of mature cannabis markets and insight into what sort of businesses are finding long-term success.

Fri
25
Feb

Canadian pot producer HEXO sees big exits: 'Only regret is not making changes sooner'

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Week in Weed: David Beckham, Wiz Khalifa feel the brunt of restrictive social media policies, and how this Ontario town is tackling cannabis stigma

HEXO Corp. was founded by two entrepreneurs, who, as the story goes, “convinced their mother-in-law and ‘turned $35,000 investment into a billion-dollar cannabis company.'”

Conceptualized in a truly Canadian style — “up north, around a campfire, by the lake …” — it took brothers-in-law Adam Miron and Sébastien St-Louis five years to launch the Ottawa-based company in 2013 that in the past couple of years has seen the founders leave.

Thu
24
Feb

Toronto cannabis Brand Coterie unveils ‘7 Pillars’ Capsule Collection

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Canadian cannabis brand Coterie is dropping a limited-edition apparel collection. Founded by Patrick and Nader Marzouk, owners of popular Toronto bar Regulars, the brand’s ethos is about celebrating community and shared connections. Their new capsule collection is inspired by Coterie’s seven “purpose pillars”: arts, community, athletics, hospitality, entertainment, charity, and beauty. A different T-shirt for each pillar, designed by local artists, will drop on a weekly basis, beginning with ‘Arts’ this Friday, Feb. 25.

Thu
24
Feb

Hempsana holdings receives Health Canada's approval to sell medical cannabis directly to patients across Canada

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Hempsana Holdings Ltd. has received its medical sales license from Health Canada which provides the company the ability to sell cannabis products directly to medical patients across Canada. (Click here for Benzinga article)

On February 4, 2022, the company received the amendment to their sales license marking another important milestone, enabling the sale of all products directly to medical consumers.

The Canadian medical cannabis market has approximately 300,000 patients with an average prescription of 2 grams per day and accounted for over $400 million in sales for 2021.

Thu
24
Feb

Indiva launches new cannabis edible designed for microdosing

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From Canada's number one producer of edibles, Jewels Cannabis Tarts offer a convenient microdose option made with real fruit.

Indiva Limited (the "Company" or "Indiva") (TSXV: NDVA) (OTCQX: NDVAF), Canada's number one producer of cannabis edibles and other cannabis products, is chewing further into the edible market with the launch of its newest product, Jewels Cannabis Tarts ("Jewels").

Each package of Jewels contains 10 tarts bursting with fresh, berry flavour. At 1 mg of THC per tart, Jewels Cannabis Tarts are ideal for cannabis consumers looking for a tasty, portable, microdosing option. Jewels are vegan and gluten-free, using no artificial flavours.

Wed
23
Feb

Study highlights day-neutral cannabis density

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A new study has revealed optimal canopy density for highest yield, efficiency and profitability in greenhouse growing environments.

Wed
23
Feb

Online dispensary Canada voted best online weed dispensary of 2022 in Canada, North America

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The Online Dispensary Canada’s team works hard to ensure a variety of fresh weed and marijuana strains, concentrates, and edibles are available to its clients across the globe. They offer security to their clients when shipping their products via mail. When clients’ shipping orders are lost by Canada Post, the Online Marijuana Dispensary team reships a new product at no extra expense. The company thrives on producing top products in the market, and they refund clients who are not satisfied with their purchase because they are value and quality-driven.

Wed
23
Feb

Why cannabis companies are seeing lower D&O rates

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Pricing for cannabis-related directors and officers (D&O) insurance is trending downward, but only relative to the rest of the market, said an insurance brokerage executive.

“When cannabis was first legalized in Canada, you had a handful of carriers that [offered] coverage,” said Isaac Bock, managing director at AlphaRoot, a New York City brokerage focused exclusively on the cannabis, hemp and cannabidiol industries.

“A lot of those bore the brunt of all the claims activity early on. I think that led to some of the inflated premiums that a lot of these cannabis companies feel that they spend for coverage.”

Wed
23
Feb

Canada's legalization of cannabis has contributed $43.5 billion to national GDP

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According to a Deloitte Canada report, since Canada has legalized recreational cannabis in 2018, the industry has contributed $43.5 Billion To Canada's National GDP.

The industry has generated $11 billion in sales nationwide and made $29 billion in capital expenditure. Furthermore, the adult-use recreational cannabis industry has created 98,000 jobs and put $15.1 billion into government coffer. 

The report shows that the industry adds around $1.09 to Canada's GDP for every dollar for revenue and capital expenditure. The cannabis sector sustains around four jobs for every million dollars in revenue.

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