Health Canada reminds producers that displaying THC and CBD values that “have not been obtained as a result of cannabinoid testing on each lot or batch of cannabis” may result in non-compliance.

In March, Mandesh Dosanjh, president and CEO of Pure Sunfarms, wrote a blog post on LinkedIn calling out discrepancies in potency labelling practices among Canadian cannabis companies.

Specifically, Dosanjh wrote that some companies were taking a “static” approach to labelling THC and CBD values, where “one potency label is pre-printed and applied across many batches which fall within a pre-determined range to save on costs.”

In the first week of August, the best marijuana stocks to buy began to show some upward momentum in the market. With several months of declines in 2021 top cannabis stocks began moving on better-than-expected earnings from Canadian cannabis companies. Now in August, many more leading cannabis companies are releasing financials, and this could continue fueling a rise in the cannabis sector. In 2021 top Canadian pot stocks saw the largest gains in the first quarter of 2021.

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.

Canadians are increasingly receptive to cannabis retail shops in their community, according to a poll commissioned by Weedmaps.

A new promotion from cannabis marketing company A Higher Level of Thought (AHLOT) will give Albertans the chance to sample pre-roll joints from Grizzlers, a legacy brand turned legal, for just $1.

The sampling program, which begins today, could soon roll out in other provinces as well, says AHLOT CEO Greg Pantelic.

Customers can purchase a single 0.5-gram Grizzlers pre-roll from licensed retailers in Alberta and Pantelic says the company is working to offer products from other licensed producers at a “sample friendly price point.”

“It’s somewhat like Costco on a Saturday afternoon, where you’re able to try some free samples. And, if you like it, you can pick up the full size, as well,” says Pantelic. “That’s what we’ve tried to do.”

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 summer of 2021 could have been the first big season of cannabis-infused beverages if people could only have grabbed a six-pack from stores, says one eastern Ontario seller.

Brad Stewart, co-founder of Molecule, a business based in Lansdowne, Ont., says people in the industry have been left scratching their heads by the way Health Canada calculates the amount of marijuana in an infused drink.

Using Health Canada's calculations, a 355 ml drink is considered to have the equivalent of slightly more than five grams of cannabis, even though one beverage can only contain a maximum of 10 mg of THC, the psychoactive chemical in the marijuana plant.

Canadian cannabis companies have been on the rise recently, and part of that wave includes High Tide, Inc. (High Tide Stock Quote, Chart, News, Analysts, Financials TSXV:HITI). Andrew Semple of Echelon Capital Markets Tuesday reiterated his “Speculative Buy” rating on the company, along with a $20.00/share target price, implying a potential upside of 150 per cent in the next 12 months.

Saskatchewan posts second-highest sales growth in the west as Canada-wide cannabis sales hit a record for second straight month

Legal sales of cannabis in Saskatchewan reached $13.4 million in April, up 5.4 per cent from March and the second-highest month-over-month sales increase among western provinces.

Statistics Canada’s latest sales data shows that national marijuana product sales hit a record high of $309.7 million in April, 3.8 per cent higher than a month earlier, which was the previous record month for sales.

British Columbia led all western provinces with a 13 per cent increase, month-over-month, to $47 million in April. Alberta sales flatlined at a west-leading $58 million in cannabis sales, unchanged from March, Statistics Canada reports.