Canada

According to a report by EY consulting released on Monday, 87 percent of Canada’s licensed cannabis producers believe the industry will consolidate over the next three years; yet 75 percent see “craft or niche players” gaining a foothold in the market. Another 75 percent anticipate the entrance of “big players from established industries” such as […]

The government of New Brunswick, Canada has signed a memorandum of understanding with licensed producer Zenabis to provide 4,000 kilograms (8,818.5 pounds) of cannabis and derivative products with a retail value between C$40 to $50 million. The announcement comes on the heels of the government unveiling their legal cannabis industry operations proposal that would see […]

Alberta’s provincial government has released proposed regulations for retail cannabis operations as Canada moves forward with their tax-and-regulate plan, which sets the legal age at 18 and permits private retailers to open up retail and online stores. The Alberta Gaming and Liquor Commission will oversee distribution, compliance, and enforcement. Notably, the rules allow citizens to […]

Approved by the federal government in April 2017, Canada is set to legalize the adult use and possession of cannabis nationwide on July 1, 2018. However, earlier this year, premiers from several provinces called for a delay in implementing the historic change due to health and traffic safety concerns — and to avoid inconsistencies in […]

Canada’s Aurora Cannabis Inc. is seeking to takeover CanniMed Therapeutics in an all-stock $455 million deal, according to a Bloomberg report. The deal values CanniMed stock at C$24 a share, 57 percent above Tuesday’s Toronto Stock Exchange closing price. Aurora Executive Vice President Cam Battley told Bloomberg that the firm is “making a very big […]

Matt Rizzetta is the CEO of North 6th Agency, a public relations firm based in New York City and Toronto that serves cannabis and mainstream business clients nationwide. In this episode of the Ganjapreneur.com podcast, Matt joins host TG Branfalt to talk about the mainstream media’s evolving perception of cannabis, public relations strategies for companies […]

With Canada’s legalization date looming, North America’s northernmost nation is laying the groundwork for what will soon be the world’s largest national adult-use cannabis marketplace. Last week, Liberal MP Bill Blair — the former chief of police for Toronto and Prime Minister Justin Trudeau’s point man for the country’s legalization process — announced the federal […]

Manitoba, Canada Premier Brian Pallister has laid out his plan for how the legal cannabis industry will operate in the province, preferring a “hybrid retail and distribution model that allows both the public and private sectors to do what they do best” rather than a wholly government-run system. The model will give the Liquor and […]

IBM is pitching blockchain technology to the British Columbia, Canada government as “an irrefutable chain of custody audit for the seed-to-sale of cannabis.” According to the Oct. 1 document, IBM says the technology can help the government “take control of sourcing, selling, and pricing” of cannabis products, assist producers with inventory management in real time, […]

The Canadian government plans to spend CA$36.4 million over the next five years on a cannabis public education and awareness campaign focused on youth and other at-risk populations, and drug-impaired driving. In March, Health Canada launched a digital campaign targeting parents, urging them to discuss cannabis with their children; the next phase will be geared […]

New Brunswick, Canada’s Dieppe Community College will begin offering its 12-week medical cannabis cultivation course next month, and the first class will have their tuition covered by the provincial government, according to a CBC News report. The course, which begins Nov. 27, costs CA$2,800 per student, equaling CA$70,000 (US$54,484) for the class of 25 students. […]

Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad […]

The New Brunswick, Canada government has announced that NB Liquor will operate the nation’s adult-use cannabis industry in the province through a subsidiary, according to a report from the Sackville Tribune-Post. Through the subsidiary, operations and retail stores will be operated by the corporation. Health Minister Benoît Bourque said the move prioritizes “public health and […]

Canada-based Khiron Life Sciences Corp. and PharmaCielo Ltd. are the first companies to be granted full licenses to produce and process medical cannabis products in Colombia. Both companies are able to cultivate and process products containing unrestricted percentages of THC and CBD. Having received all three requisite licenses to operate in the country, Khiron Colombia […]

Two Canadian businesses are partnering to build a 1 million-square-foot greenhouse in Casino, New South Wales, Australia for medical cannabis cultivation, according to a report from the Construction Index. The PUF Ventures and MYM Nutraceuticals project will be completed in two stages; the first phase will cover about 300,000 square feet – which alone would […]

The Toronto Stock Exchange could delist, suspend, or halt trading for medical cannabis companies with investments in the U.S. because the operations are prohibited under federal law. In the Oct. 16 Notice to Issuers, regulators say while they are “aware” that some states have legalized cannabis for medical and adult use, “it is illegal under […]

International Cannabis Corporation, a licensed cannabis producer in Uruguay, plans on exporting medical cannabis oil next month for sale in Canada and Mexico, according to a report from Reuters. Alejandro Antalich, the chief executive of ICC, said he hopes to eventually sell the product locally but is not permitted under the nation’s adult-use regime. The […]

KIND Financial has rolled out the cannabis industry’s first-ever “seed-to-payment” system in Canada, which will allow users to track the complete lifecycle of a plant from seed to payment, including granting users access to bank accounts and credit card processing. The e-commerce platform also allows companies to explore international trade options without worrying about foreign […]

For the second time in as many weeks, Canadian medical cannabis producer Tilray has announced plans to exports its product overseas, this time sending its full-spectrum cannabis extracts to Germany where they will be distributed nationwide through pharmacies. Brandon Kennedy, Tilray CEO, called the agreement “another strategic milestone” which comes on the heels of the […]

Canadian Prime Minister Justin Trudeau has proposed levying a C$1 tax (80 cents USD) on adult use cannabis sold for up to C$10 a gram, and a 10 percent tax on cannabis sold for more than that, according to a report from Bloomberg. Half of the tax revenues would go to provincial governments and half […]

Vancouver, Canada-based Abattis Bioceuticals Corp. is partnering with Global Damon Pharma to distribute and sell Abattis’ hemp-based product lines exclusively in South Korea. Abattis received approval to export hemp-derived products from Health Canada last year. Rob Abenante, president and CEO of Abattis, indicated that South Korea imported about “20 to 30 tons” of hemp seed weekly […]

Canadian medical cannabis producer Aurora Cannabis has acquired indoor gardening companies BC Northern Lights and Urban Cultivator Inc. The companies are expected to generate a combined $5 million in revenues this fiscal year, which ends Oct. 31. The firms produce and sell high-yield, indoor appliances for microgreen, vegetable, herb, and cannabis cultivation for homes. BC […]

Medical cannabis producer Tilray has exported its Canadian-grown products to New Zealand, where they will be distributed to pharmacies who serve the country’s registered patients. The firm has also exported products to South America, Europe, and Australia since 2016. “We are proud to offer New Zealand patients access to quality-controlled, pharmaceutical-grade medical cannabis products,” said […]

Canadian licensed producer Aurora Cannabis last week shipped 50 kilograms of medical cannabis from its facility in Alberta to Berlin, Germany-based producer Pedanios, a wholly-owned Aurora subsidiary which distributes to more than 1,500 pharmacies throughout the nation. The shipment was necessary to help offset “a significant shortage of supply,” according to a press release. Neil […]