Tag : Canadian Cannabis

Current News Growers Market Watch

Organigram Reports Health Canada Approval of Phase 2 Expansion

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On March 6, 2018 Organigram Holdings Inc. (TSX VENTURE: OGI) (OTCQB: OGRMF), a leading licensed producer of medical marijuana based in Moncton, New Brunswick, announced that it had received Health Canada approval for the remaining 13 rooms of its 23 room Phase 2 expansion a week ahead of schedule. The...
Current News Global

Tweed to Host Fashion Show in Toronto

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On the evening of March 9, 2018, working in collaboration with some of Canada’s top clothing designers, Tweed Inc. is set to present its first ever runway show, Tweed: Fabric of Creativity, at Toronto Men’s Fashion Week. The show will feature 36 designs by 18 of Canada’s top designers and...
Cannabis News Global Market Watch

MPX Bioceutical Reports FY17-Q4 Sales of $4.5 Million

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On March 1, 2018 the MPX Bioceutical Corporation (CSE:MPX) (OTCQB:MPXEF) reported financial results for its fourth quarter period ended December 31, 2017 (third quarter according to internal company record keeping – see table, below): As the company’s activities were nearly exclusively related to cannabis assets owned in the U.S., which...
Cannabis News Market Watch

Cannabis Wheaton Income Corp Announces JV to Develop 1.4 million sq. ft. Greenhouse Facility

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Cannabis Wheaton Income Corp (TSX.V: CWB) has signed a joint venture agreement with Canada’s largest greenhouse construction and operator, Peter Quiring, to construct a 1.4 million sq. ft. state of the art cannabis greenhouse cultivation facility. Under the terms of the joint venture, Mr. Quiring will become CEO of a...
Politics

CSA Reconfirms Guidelines for Canadian Pubco’s with U.S. Cannabis Operations

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The Canadian Securities Administrators (CSA) have reconfirmed their expectations for Canadian Public Companies that currently own or fund U.S. cannabis operations. Read the Full Disclosure Here Earlier this year Jeff Sessions, the US Attorney General, rescinded the Cole Memorandum, an Obama era policy that advised the Federal U.S. Government to...
Cannabis News Hemp News

Top Financial Transactions Made by Public Companies in the Hemp and Cannabis Space

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Aurora Cannabis’s (TSX: ACB) C$1.23 billion Acquisition of CanniMed Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF), a Canadian based public company, announced a C$1.23-billion-dollar transaction, in cash and stock, to acquire CanniMed Inc. (TMX: CMED). This marks one of the largest deals ever made in the public or private cannabis...
Cannabis News Market Watch

Canopy Growth Corp (TSX: WEED) Officially Completes Raise of $200M in Funding

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Canopy Growth Corp (TSX: WEED) announced this morning that the company has raised $200,680,000 by selling a total of 5,800,000 common shares at $34.60 per share. The financing was led by co-led by GMP Securities L.P. and BMO Capital Markets and including Canaccord Genuity Corp., Eight Capital, Beacon Securities Limited,...
Current News Global Politics

CSA Put Pressure on Canadian Owned US Cannabis Assets

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Last October, the Canadian Securities Administrators provided public companies in the sector guidance and general framework for investments, joint ventures, and acquisitions associated with United States cannabis business operations. From the release by the CSA, “Our disclosure-based approach is premised on the assumption that marijuana-related activities are conducted in compliance...