(Bloomberg) -- Tilray Inc. shares surged the most in more than five months as investors rewarded the cannabis company for profiting even amid challenges due to Canada’s Covid-19 restrictions.

Net income was $33.6 million for the fiscal fourth quarter ended May 31, compared to a loss of $84.3 million in the year-earlier period, while Ebitda almost quadrupled to $12.3 million, the Leamington, Ontario-based company said in a statement today. It was the company’s first quarterly report since it merged with Aphria Inc.

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

BARRIE, ONT. -- Provincial police in Kawartha Lakes seized over 6,000 cannabis plants from a local residence resulting in seven arrests.

OPP says a search warrant at a residence on Portage Road in Kirkfield "interrupted the illegal production of cannabis" on Wednesday.

Police say the seizure was equivalent to "four full dump trucks" with an estimated value of $6,152.

According to the OPP, officers also seized:

Jeremy Smith holds a copy of the provincial petition which can be found more than 100 cannabis retailers across southwestern Ontario. Image: Jeremy Smith

A London, Ont. man with dreams of opening a pot-themed eatery says he’s in it for the long haul as he pushes provincial and federal governments to allow for cannabis infused food at restaurants and cafes in Canada.

“I was told I need proof of concept, so petitioning would be a great way to do it,” Smith said.

Proposed changes to how Selwyn Township regulates the production and cultivation of cannabis will be discussed at a public meeting on Aug. 10.

Township council is considering a number of amendments to a zoning bylaw that currently regulates how and under what circumstances marijuana can be grown, cultivated and processed within Selwyn.

The township was forced to rethink its existing regulations earlier this year after a proposed grow-up in Ennismore, located near a residential area, sparked concern from community members.

Three former executives of CannTrust Holdings Inc. are expected to appear in an Ontario court today as they face charges related to an unlicensed growing scandal.

The cannabis company's former chief executive Peter Aceto, former vice-chairman Mark Litwin, and former chairman Eric Paul each face charges of fraud, making false or misleading statements and authorizing, permitting or acquiescing in the commission of an offence.

Litwin and Paul are also facing insider trading charges and Litwin and Aceto are charged with making a false prospectus and false preliminary prospectus.

Cannabis consumers purchased more than $13 million worth of legal pot in Ottawa from authorized brick-and-mortar retailers in the first quarter of the year, according to new figures from the province.

The snapshot of the local cannabis market provided by the Ontario Cannabis Store Thursday shows that while sales revenues have remained relatively constant over the past year, the number of retailers operating in Ottawa has multiplied from seven in the first quarter of 2020 to 28 in the same period this year. Consumers can also purchase cannabis online directly from the Ontario Cannabis Store.

RCMP in Nunavut have seized 25.7 pounds (11.6 kilograms) of cannabis, $15,600 and an ATV after executing a search warrant in Rankin Inlet.

The hamlet is home to about 3,000 people.

In a press release, the RCMP noted that two individuals have been arrested and charged in relation to the search.

Larissa Misheralak has been charged with possession of cannabis for the purpose of selling; unlawfully import cannabis into Nunavut, and possession of property obtained by crime over $5000.

Dustin MacLean faces the same charges as well as failing to comply with an undertaking.

Whether for the cautious and curious or experienced and educated, Ontario's first craft cannabis beverage is now on store shelves.  With only one calorie and zero sugar per serving, Proper's entry into the cannabis market is an uplifting sparkling beverage featuring a refreshing, all-natural lemon-lime flavour and 10mg of THC.

Created in conjunction with Molecule – one of Canada's premier licensed cannabis producers – Proper's nano-emulsification process delivers a consistent flavour profile every time.  Flash pasteurized and using Vertosa infusion technology, Proper offers 40% more bioavailability than most products on the market.