Tidal Health Solutions Ltd. has been named the exclusive supplier of medicinal marijuana and related education for the Professional Hockey Players’ Association (PHPA).

The union represents current and former athletes within the American Hockey League, the professional rung just below the National Hockey League, and the ECHL, formerly the East Coast Hockey League. The certified union represents more than 1,600 players on teams based in both Canada and the U.S.

Starting on April 20, Cannalogue, a Toronto-based health and technology company, will begin offering CBD flower from $1.96/gram, per a company press release.

According to Cannalogue, it is the lowest per gram price for medical cannabis in Canada

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis.

We believe that Canopy Growth made the acquisition to better positioned itself to compete against the previously announced business combination of Aphria Inc. (APHA.TO) (APHA) and Tilray Inc. (TLRY). Today, we have highlighted 7 key details of Canopy Growth’s acquisition and believe that our readers need to be aware of the following:

Canada doesn't have a lot of time until its cannabis market hits its ceiling. 
 
Brightfield Group expects Canada's cannabis market will peak around 2026 to the tune of about $9 billion in annual sales, a time by which the cannabis consultancy sees enough retail stores open to handle demand while enough consumers have successfully transitioned to the legal market, according to a new report. 
 
"The massive growth that we've seen this year and the next probably year or two is going to taper off because ultimately, there's only so many new users that are coming online over the longer term," said Jamie Schau, insights lead at Brightfield Group and the lead author of the report, in a phone interview. 

Three years ago we celebrated legalization in Canada with the first legal 420. Huddled under tarps, tokers lined up in the rain to sample the wares on offer from the first legal cannabis retailers in Ontario. Still, it felt like two steps forward, one step back, as lounges and cannabis events remained illegal, and cannabis edibles wouldn’t be available for another year. In the green rush to scale quickly, Licensed Producers unfortunately also forgot about quality.

A Canadian study comparing emergency department (ED) visits in Hamilton, Ont. pre- and post cannabis legalization saw a spike in visits for acute cannabis intoxication among those aged 18 to 29, but not overall.

The finding is based on a retrospective chart review at an academic ED in which investigators assessed all visits having a cannabis-related discharge code from six months before legalization in October 2018 to six months after. The study was published last month in BMC Emergency Medicine.

Dr Philippa Hawley tells Health Europa Quarterly about the effects of recreational legalisation on medical cannabis users

Village Farms International Inc (NASDAQ:VFF) reported revenues of $47.4 million (up 43% YoY) in Q4 2020. 

Completes the takeover of Pure Sunfarms

Village Farms acquired a 41.3% stake owned by Emerald Health Therapeutics, Inc in Pure Sunfarms on November 2, 2020. As a result, the company owns 100% of Pure Sunfarms and realizes its income.

Pure Sunfarms reported a sequential growth of 28% and YoY growth of 248% in retail branded sales. The company reported revenues of CAD 15.5 million in Q4 2020. 

Village Farms Clean Energy, Inc, a subsidiary of Village Farms International, renewed the existing contract agreement with Vancouver City. 

The pandemic hasn’t slowed down the booming cannabis market in Canada – in fact, far from it. The sector has seen many notable developments over the past year, which Burns & Wilcox experts highlighted in a recent webinar, entitled, “Understanding Cannabis Insurance & Changing Market Dynamics.”

One of the key areas of growth in Canada as of late has been the cannabis edibles and beverage space, which got the green light after ‘legalization 2.0’ in 2019 allowed for expansion into these products, as well as topicals and creams.

See how cannabis stocks like Sundial Growers, Trulieve and Tilray performed last week after New York agreed to a deal to legalize marijuana use.

The cannabis sector was down this past week as investors turned their backs on speculative stock plays and looked at reopening stocks to buy as the U.S. gets closer to fully reopening its economy.

Cannabis stocks received a boost this past week when New York agreed to a deal to become the 16th state to legalize recreational marijuana. 

Cannabis stocks were pointing towards starting the week higher with the benchmark ETFMG Alternative Harvest ETF  (MJ) - Get Report rising after closing out Friday's session down 0.4%. Shares are down Monday.