Ontario

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Tue
24
Apr

Greenhouse begins growing recreational marijuana brands for legal market

The company that started a medical marijuana grow-op near Petrolia is branching out into some “Lambton County Gold” for the adult fun market.

A new subsidiary of Tilray Inc., High Park Farms, has been granted a federal licence to grow recreational marijuana at its greenhouse operation in Enniskillen Township.

The company said it will begin growing plants under glass this week and anticipates a first harvest in June.

“This license is a major milestone for High Park as we work to prepare for the anticipated launch of the world’s largest federally legal cannabis market later this year,” said chief marketing officer Adine Carter.

Tue
24
Apr

Inside Tweed collective, a cannabis initiative investing $20 Million in Canadian communities

Bruce Linton, CEO of Canopy Growth, is setting the bar high for corporate social responsibility within cannabis.

Last Friday, Tweed, the Canadian brand under the umbrella of the largest publicly traded cannabis stock in the world, Canopy Growth Corporation, made a major announcement. The company took the high holiday as an opportunity to share its own incredible 4/20 commitment to the communities it serves, in the form of Tweed Collective.

Tue
24
Apr

Ottawa school boards to weigh in on pot shop locations — somehow

Additional layer of consultation raises questions of whether stores open in time.

When the first four cannabis store locations for Ontario were announced earlier this month, the single Toronto site caused a ruckus because it was walking distance from an elementary school, ensconced in a strip mall that houses a McDonald's and Tim Hortons the students frequent at lunch time.

Both the Toronto School Board and Premier Kathleen Wynne appeared caught off guard by the store's proximity to the school, about 450 metres away. Wynne subsequently ordered school boards be consulted before any more locations are announced.

That might sound reasonable, but there's only one problem: some Ottawa school boards have no idea what "consultation" means.

Mon
23
Apr

Exclusive: Canada celebrates last 4/20 before legalization

April 20th saw what is to be the last 4/20 celebration in Canada before legalization takes place this summer.

4/20 has long been an annual celebration of cannabis culture around the world, typically associated with sticking it to the man and defying the laws that have hindered people from using the plant. This year however, with legalization planned in a few months, the celebration took a different tone.  

Protesters have shifted their concern away from legalizing marijuana to protesting how the government plans to implement legalization.

Mon
23
Apr

Canadian cannabis legalization: A guide to laws by province

Scheduled for implementation in summer 2018, Canada’s Cannabis Act will legalize adult-use recreational cannabis across the country, allowing every adult Canadian the right to possess and share up to 30 grams of cannabis in public (though public consumption is, for now, forbidden).

Further specifics of legalization—from where cannabis can be sold to the minimum age for purchase—have been left to provinces to set for themselves. Here’s a province-by-province guide to cannabis regulations.

Alberta

Mon
23
Apr

So, Canada has a cannabis council now

The Canada Cannabis Council's mission is to act as the industry's voice in the development, growth and integrity of the regulated cannabis industry and the "responsible use of cannabis for medical and non-medical purposes".

The Cannabis Canada Association (CCA), Canadian Medical Cannabis Council (CMCC), as well as Canopy Growth Corp., have joined together to create a single national industry association for the sector, to be called the Cannabis Canada Council (“Cannabis Canada” or “C3”).

To govern the unified organization, the general membership has elected the following individuals to the Board of Directors:

Mon
23
Apr

Canopy Health Innovations files a suite of additional cannabis-related patents

Canopy Health Innovations ("Canopy Health" or "CHI"), the partly-owned biopharmaceutical research and development affiliate of Canopy Growth Corporation (TSX: WEED) ("Canopy Growth"), today announced that it has, alone or with its subsidiary Canopy Animal Health or through its joint-venture Beckley Canopy Therapeutics, filed eight provisional US patents pertaining to the delivery and application of cannabis and cannabinoid-based therapeutics in certain indications. Specifically, the eight patent applications relate to the following:

Mon
23
Apr

Pot firms look across borders to raise money in bid to secure bud dominance

As U.S. and Canadian government policies toward marijuana grow more divergent amid Canada's push for legalization, their stock exchanges have seen a flurry of cross-listing activity from companies eager to snap up investment capital and carve out dominant positions in a growing global market.

Marijuana producers that operate in U.S. states where pot is legal are prevented from public listings in their home country because the drug is prohibited at the federal level, so they turn their focus north for a legal avenue to raise public capital.

Mon
23
Apr

Which of these 2 up-and-coming marijuana companies makes the better addition to your portfolio?

Cronos Group Inc. (TSXV:CRON)(NASDAQ:CRON) and MedReleaf Corp. (TSX:LEAF) wouldn’t exactly be considered “start-ups” with market capitalizations of $1.55 billion and $1.95 billion, respectively, heading into Friday’s trading. But it probably would be fair to put these two licensed growers in the “up-and-comer” category when you compare them against the likes of Canopy Growth Corp. (TSX:WEED), with a market capitalization of $6 billion, Aurora Cannabis Inc. (TSX:ACB), currently valued at $4.9 billion, or Aphria Inc. (TSX:APH), trailing behind at $2.3 billion. There’s still a lot that has yet to unfold between now and legalization day, not to mention what will inevitably be an…

Mon
23
Apr

GTA condo boards move to ban homegrown cannabis inside units

Some boards hope the province will step in to provide more clarity on the issue.

With the prospect of legalized cannabis looming in Ontario, condominium boards throughout the GTA are rushing to figure out how to respond to a law that will permit residents to grow up to four plants inside their homes. 

"We don't want to set up a system where anyone can just grow four plants and then it becomes a problem of overpopulation across units," said Tim Gordanier, a condo board president.

There's about 240 units inside Gordanier's Corktown building. Like many homeowners in the city who share walls and common areas, Gordanier is concerned about how indoor cultivation could affect a building's structure and value.

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