Tag : Canada Cannabis

Cannabis News Market Watch

Canopy Growth to Supply Up to 6.5 Million Grams of Cannabis to Manitoba Retail Market

Editor
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC), a Canadian public cannabis company with a market cap of $7.71 billion dollars, announced this morning that the company has signed an agreement with the the Manitoba Liquor and Lotteries Corporation to supply their province with high quality cannabis products for the upcoming recreational...
Politics

Companies Ready to Supply Pharmacies in Canada with Legal Cannabis

Editor
Wholly owned subsidiary of Privateer Holdings, Tilray, has signed an LOI to supply medical cannabis to Pharmasave, a pharmacy chain in Canada of more than 650 independently owned pharmacies. A number of different companies are attempting to jostle for position ahead of the planned legalization in Canada this year. Other...
Cannabis News Market Watch

Cronos Group Announces $100M Bought Deal

Editor
The Cronos Group (NASDAQ: CRON) (TSX-V: CRON) announced this morning that the company has entered into an agreement with  GMP Securities L.P. and BMO Capital Markets to sell 10,420,000 common shares, on a “bought deal” basis, at a price of $9.60 per common share, which will lead to a raise of $100.0 million. ...
Politics

Health Canada Announces Rules for Cannabis Packaging Ahead of 2018 Legalization

Editor
The Canadian government has released rules regarding the packaging and branding of recreational cannabis products throughout the country. This news comes months away from the proposed legalization of cannabis country wide. Regulations are made stringent in an attempt to keep cannabis products away from youth. Some regulations include the standardization...
Cannabis News Global Market Watch

MedMen Signs Joint Venture with Cronos Group to Enter Canadian Cannabis Market

Editor
Cronos Group Inc. (Nasdaq: CRON) (TSX-V: CRON), a licensed producer of cannabis in Canada, Germany, Isreal, and Australia, and MedMen, one of the leading cannabis companies in the United States, announced a cross border joint venture today that will allow MedMen to extend its retail chain and branded products to...
Cannabis News Global Market Watch

WeedMD and Phivida to Joint Venture on Cannabis Infused Beverages

Editor
WeedMD Inc. (TSX-V: WMD) (OTC: WDDMF), a licensed producer of medical cannabis,  and Phivida Holdings Inc. (CSE: VIDA), a product development company of CBD infused beverages are in entering into a joint venture to launch a product line of cannabis infused beverages. The newly found company is called Cannabis Beverages...
Current News Health

Tech Startup HelloMD Raises $7M to Fund Health and Wellness Platform

Editor
California based HelloMD has closed a $7 million Series A round of funding. The influx of capital will allow the company to expand and build out more features for its consumer-focused information platform operating solely in the cannabis space. The company currently has around 300,000 users but is adding approximately...
Cannabis News Market Watch

Investors Poured $1.23 Billion into the Cannabis Industry in January

Editor
According to Viridian Capital Advisors, $1.23 billion dollars in registered investments were made into cannabis and industrial hemp companies in the first few weeks of the year, up 600% from 2016.  75% of the capital raises flowed towards public companies like: Hydropothecary Corp (OTC: HYYDF)  $121.1 million, MedReleaf Corp (TSX: LEAF)$107.6 million, Organigram Holdings Inc (TSXV: OGI) $93.4 million, Aphria...
Cannabis News Global Market Watch

Aphria Signs LOI to Supply 12 Tons of Cannabis to Quebec a Year

Editor
Aphria (TSX: APH) (OTC: APHQF) has signed a letter of intent with Société des alcools du Québec (SAQ), an alcohol retail and e-commerce chain, to distribute 12 tons of high grade cannabis products to the province of Quebec. Aphria will become one of the only major distributers of cannabis in...
Cannabis News Global Market Watch

CannTrust Holdings Receives Sales License for 250,000 sq. ft. Greenhouse Facility

Editor
CannTrust Holdings (CSE: TRST) announced this morning that the company has received a sales license from Health Canada for its 250,000 sq. ft. cannabis greenhouse facility in Niagara. According to the company’s president Brad Rogers, CannaTrust has already finished the construction of the facility on time and on budget. This...