(Video screengrab via Aphria.ca)

U.S. hostile play launched for Ontario pot producer Aphria

Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector […] Read more



(CanopyGrowth.com)

Pot firm Canopy’s loss widens as spending surges

Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more



A hemp plant in Alberta. (Jennifer Blair photo)

Cannabis’ cousin hemp entering new age too

CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. Ted Haney, executive director of the Canadian Hemp Trade Alliance, said hemp growers are going through a year in which they are learning how to […] Read more

(Aphria.ca)

Altria reported seeking stake in cannabis firm Aphria

Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details of Richmond, Virginia-based Altria’s investment are still being finalized, though it has expressed interest in buying a minority stake in Aphria with the intention of […] Read more


(File photo by Dave Bedard)

Walmart Canada exploring possible sale of cannabis-based products

Reuters — Walmart’s Canadian unit said Tuesday it is exploring the possibility of selling cannabis-based products, but has no immediate plans to get into the business. Walmart is the first major retailer to show an interest in being a part of Canada’s burgeoning marijuana industry, as other big U.S. companies, mainly in the alcohol and […] Read more

Zenabis’ CEO Rick Brar and chief growing officer Leo Benne in a Bevo facility at Langley, B.C. (CNW Group/Bevo Agro)

Vegetable seedling grower, cannabis grower to merge

A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. Langley-based, publicly-traded Bevo Agro on Thursday announced a reverse takeover deal with Surrey-based, privately-held cannabis firm Sun Pharm Investments, which will see Sun Pharm shareholders […] Read more


The legalization of cannabis is expected to create thousands of new jobs — from production workers to office staff. Shown here is an Ontario marijuana facility.  (Photo: Reuters/Blair Gable)

Aurora Cannabis plans U.S. stock listing in October

Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana […] Read more

(CanopyGrowth.com)

Big Weed hits up Europe hoping for expansion cash

Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export […] Read more