cannabis in Canada

Canadian cannabis companies have been required to stop selling certain ingestible cannabis products, which could cost the industry millions.  What Happened Health Canada, the Canadian federal agency for Public Health, deemed that certain products sold by some cannabis companies have...

On Dec. 9, Health Canada announced amendments to the Cannabis Act and its regulations concerning cannabis research and testing, and cannabis beverages have been approved and are now in force as of Dec. 2. The amendments “aim to facilitate research and testing, and also amend the public...

The Alcohol and Gaming Commission of Ontario (AGCO), which is also responsible for cannabis shops, warned licensed retailers against selling their inventory to “unlicensed third parties upon the closure of the store,” reported MJBizDaily. The warning came “in response to an...

Canada’s Health Ministry recently launched a legislative review of the Cannabis Act that legalized marijuana in 2018. The idea is to evaluate the impact of nationwide legalization on youth, indigenous minorities, the economy and the ongoing illicit market. In addition...

The Analyst Pablo Zuanic from Cantor Fitzgerald maintained a Neutral rating on High Tide Inc., lowering its 12-month price target to C$2.75 from C$2.80, "given the overall sectoral derating and industry challenges." "High Tide continues to consolidate the Canadian retail...

In a recent analyst note, Pablo Zuanic from Cantor Fitzgerald offered an update on the performance of Canada’s cannabis Licensed Producers in the August quarter, based on data obtained by the market scanner Hifyre. For Canadian recreational exposure, Zuanic recommends OW-rated cannabis...

Statistics Canada released a November retail sales report on Friday, confirming that while cannabis sales had decreased in October by 2.9% to C$353.7 million, sales were up 36.3% from a year ago, reported New Cannabis Ventures. “COVID lockdowns have been weighing on...

After a successful 2018, cannabis companies continued to enjoy their moment in the sun in the first month of 2019. The year kicked off with New York Gov. Andrew Cuomo reiterating his promise to legalize recreational weed in the state during the first 100 days of his third term. Lawmakers in...

Canadian cannabis producer Aurora Cannabis Inc (NYSE: ACB)'s shares were trading lower Tuesday after the company issued below-consensus revenue guidance for the fiscal second quarter. What Happened The company said it expects to report revenue between $50 million and $55 million for the...

The full legalization of cannabis in Canada was one of the most anticipated events of 2018 not just in Canada, but also in many other countries. The country continues to encounter challenges in the rollout of adult-use cannabis: after multiple reports that the legalization was met with shortages of...

If you’ve heard the music of Julian Marley, son of the late Bob Marley, you know he’s a Rastafarian committed to spreading the word about the healing power of cannabis. “Herbs to I is a sacrament,” the younger Marley sings in his most popular tune, “Boom Draw.” A...