Tag : Cannabis Act Canada

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VIVO Cannabis Acquires Canna Farms for $133 Million

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VIVO Cannabis Inc. (TSX-V: VIVO, OTCQB: VVCIF) announced late last week that the company has acquired 100% of the issued and outstanding shares of the licensed cannabis cultivation company Canna Farms Limited. VIVO Cannabis has recently begun expansion of their operations in the providences of Ontario and British Columbia. Their company...
Politics

Trudeau Turns Down Senate Amendments Made to the Cannabis Act

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The Canadian federal government and Prime Minister Justin Trudeau has chosen to turn down the dozen amendments the Senate had passed a week ago which will hold up legislative approval of the Cannabis Act. The Cannabis Act, when passed, will legalize the recreational use of cannabis and the extraction of...
Politics

Canadian Senate Approves Cannabis Act

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Yesterday, the Senate in Canada voted and passed the Cannabis Act which will legalize the recreational use of cannabis in the first G-7 country in the world. The Senate ended up voting 56-30 on the passing of the bill. More specifically Bill C-45 would make it legal for adults over...
Politics

Canadian Senate to Vote on Recreational Cannabis This Week

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Since the Prime Minister Justin Trudeau announced the Cannabis Act in the Spring of 2017, the cannabis industry in Canada has grown aggressively. The announcement set the stage for public and private companies to position themselves to take advantage of the upcoming legal recreational cannabinoid market. Companies in the sector...