Vancouver, British Columbia (FSCwire) - Alta Vista Ventures Ltd. (‘Alta Vista’ or the ‘Company’) (AVV-CSE, YRLLF-OTC) has signed an engagement letter with Jacob Capital Management Inc. (‘JCMI’) for the purposes of completing the acquisition of RedeCan Pharm and expanding its operations. Redecan Pharm is one of Canada’s 20 MMPR (Marijuana for Medical Purposes Regulations) cultivation and sales licenses (see news release dated November 27, 2015). 

TORONTO — Licensed marijuana producer Bedrocan is slashing the price of all six of its medical cannabis strains to $5 a gram, citing a desire to make medicine more affordable for patients.

The company’s products previously cost $7.50 a gram.

Bedrocan Canada Inc. is a subsidiary of Canopy Growth Corp. (TSXV:CGC), a combined company formed when Bedrocan merged with Tweed Marijuana Inc.

Bedrocan president Marc Wayne says the company will still be able to turn a profit, even after price cuts that amount to roughly 33 per cent.

“We’re very good at producing cannabis at a low cost,” said Wayne.

Raid comes on the heels of owners' interview with VICE.

Toronto police raided a marijuana lounge on the Danforth Thursday, a little more than a week after its owners were featured in a media interview that touted their business as “totally illegal.”

Chris and Erin Goodwin, operators of the Good Weeds Lounge, have been charged with two counts of possession for the purpose of trafficking, relating to marijuana and cannabis resin, plus possession of the proceeds of crime. Erin Goodwin was also charged with simple possession.

The investigation was sparked by “community complaints,” Const. Caroline de Kloet told Metro.

The owners of Goodweeds Lounge, a newly opened recreational pot bar in Toronto's east end, have been charged with multiple trafficking and possession-related offences following a police raid that took place Thursday evening.

Chris and Erin Goodwin opened up the vapour lounge a few weeks ago where customers can purchase dabs and bong hits on site as long as they're aged 18 and older. No medical prescription is necessary.

But Toronto police confirmed they executed a search warrant at the venue, located at 940 Danforth Avenue, under the Controlled Drugs and Substances Act on Thursday evening.

Two people face multiple charges for drug trafficking and possession after Toronto police raided a Danforth Avenue marijuana cafe and vape lounge.

Christopher and Erin Goodwin, owners of the Good Weeds Vapor Lounge on Danforth near Donlands Avenue, were arrested Thursday evening at the cafe. Their business, one of the first of its kind in Canada, sold marijuana, cannabis resins and extracts, which could be used in vaporizers at the cafe.

The lounge, which opened on Christmas Eve, is part of the Good Weeds chain, which has numerous locations in B.C. and another Toronto location on College Street.

The biggest growers of medical marijuana in Canada want to be first in line when the market for recreational pot opens up, arguing that only they can guarantee a high-quality product that is securely distributed by mail.

The operators of the Canopy Growth Corp. and Tweed Marijuana Inc. want the federal government to shut down the pot dispensaries that are popping up around the country. Instead, they argue, the strictly regulated and licensed firms in the medical field should be the first ones allowed to provide marijuana to recreational users.

GUELPH — Marijuana has been grown in a clandestine manner by a great many growers for a long time. 

Despite that, an optimal way of cultivating the plant to boost its medicinal properties has not be found, says a University of Guelph plant scientist who is leading the charge to perfect pot growing. 

Mike Dixon and his research team in the University of Guelph's controlled environmental system research facility and program, has received $210,000 from Ontario Centres of Excellence. The money will fund the application of new irrigation technology to medical cannabis growing. It's a process by which small sensors are strapped to the stem of a plant and hooked up to a wireless data logger that measures the water status of the plant every 15 minutes. 

As Liberal government looks to undertake the legalization process, a local councillor wants Toronto's voice on the table

Coun. Jim Karygiannis worries the proposed legalization of marijuana could lead to pot shops “growing like weeds” in Toronto neighbourhoods.

So, when newly-minted MP – and former Toronto police chief – Bill Blair and the rest of the Liberal government decide how to regulate the drug, the Karygiannis wants Toronto to have a seat at the table.

The Ward 39 councillor will be moving a motion at city council asking for a municipal representative on the federal task force in charge of Canada’s new pot laws.

TORONTO - Now that the LCBO has shown it can't handle its vodka, we better rethink how to sell pot.

Unless you've been high since Christmas, you know Premier Kathleen Wynne and union boss Smokey Thomas - Smokey and the Bandit - are pushing to have weed, when the feds make it legal, added to the shelves of LCBO stores.

No surprise there, given Queen's Park's chronic case of the munchies.

Few "new revenue tools" are as tempting as the marijuana business. Wynne and Thomas's Ontario Public Service Employees Union lust after it, from sales to taxes.

But can we trust them to tell weed from oregano?

Medicinal marijuana customer says it is "like going to the farmers' market"

Lisa Campbell, a 32-year-old medicinal marijuana patient, has used dispensaries for two years to treat pain and nausea.

Here’s what she had to say in a Q & A with the Sun:

How do you access marijuana?

“Mail order is a great way to get cannabis as well but going into the store, seeing your medicine, being able to smell it – it’s like going to a farmers' market and being able to pick out your own fruit.”

Why do you use dispensaries?