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A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4. (File photo: Reuters/Chris Wattie)
Crops, Reuters

Corona owner pours more funds into weed producer

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Reuters — Corona beer maker Constellation Brands will invest a further $5 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped about $245 […] 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)
Crops, Reuters

Ontario delays start date of retail cannabis sales

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Toronto | Reuters — Ontario’s newly elected Tory government said Monday it will delay the start date of recreational marijuana sales in the province and will allow private retailers to sell cannabis rather than government-run stores. Ontario will allow private retailers to sell recreational marijuana starting on April 1, officials from the province’s Progressive Conservative […] Read more
(Ca.TokyoSmoke.com)
Crops, Reuters

Canopy Growth to buy Tokyo Smoke owner Hiku Brands

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Reuters — Ontario’s Canopy Growth Corp. is buying Toyko Smoke cannabis owner Hiku Brands Co. Ltd. for $269.2 million, the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales. Smiths Falls-based Canopy Growth on Tuesday offered 0.046 of its shares, or $1.91 per share, for each Hiku share held, a premium of […] Read more
(GWPharm.com)
Crops, Reuters

U.S. approves marijuana-derived drug for epilepsy

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Reuters — The U.S. health regulator approved GW Pharmaceuticals’ epilepsy treatment on Monday, making it the first cannabis-based drug to win approval in the country and opening floodgates for more research into the medicinal properties of cannabis. The drug’s approval permits its use in patients aged two years and older with Dravet Syndrome (DS) and […] Read more
(LOP.parl.ca)
Crops, Reuters

Senate approves recreational use of marijuana

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Toronto | Reuters — Canada’s upper house of Parliament on Tuesday approved a revised bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. The Senate voted 52-29 in favour of the revised bill from the House of Commons, paving the way for […] Read more
(SecondCup.com)
Crops

Second Cup to set up cannabis lounges in West

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Updated, April 13 — Canada’s No. 2 specialty coffeehouse chain has a partnership deal in place to convert some of its outlets in Western Canada to recreational cannabis shops and lounges. Second Cup on Thursday announced a “strategic alliance” with National Access Cannabis Corp. (NAC) to roll out a network of NAC-branded recreational cannabis dispensaries, […] Read more
(CanopyGrowth.com)
Crops, Reuters

Canada prepares for legal pot with new license class, labels

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Toronto | Reuters –– Canada’s health regulator on Monday set out thresholds for a new class of cannabis cultivation and processing licenses, and outlined strict requirements for the packaging and labeling of recreational marijuana ahead of its legalization this year. The proposals were published in a document released by Health Canada, taking into account feedback […] Read more
(CanniMedTherapeutics.com)
Crops, Reuters

Pot firm Aurora’s CanniMed deal gets regulatory nod

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Reuters — Canada’s No. 2 marijuana producer Aurora Cannabis on Wednesday received final regulatory approval for the purchase of smaller rival CanniMed Therapeutics, which would make it the world’s most valuable weed producer. The approval of the $1.1 billion deal from the Competition Bureau follows months of tensions between the companies and comes at a […] Read more
(CanopyGrowth.com)
Crops, Reuters

Recreational marijuana sales in Canada face fresh delays

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Ottawa | Reuters — The sale of legalized recreational marijuana in Canada, which has already been pushed back once beyond the planned July start date, is set to be delayed even further, government officials said Thursday. The ruling Liberals are sparring with the upper Senate chamber, where a draft law is currently under review. Critics […] Read more

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