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Tag Archives Cannabis

(Juanmonino/iStock/Getty Images)
Crops, Markets

As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

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Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts
File photo of medical cannabis in production. (FatCamera/iStock/Getty Images)
Crops

Pot producer CannTrust to destroy $77M in plants, inventory

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Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan to regain full regulatory compliance. Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it found the company was illegally
(UrosPoteko/iStock/Getty Images)
Crops, Markets

Short-sellers circle cannabis stocks as profits dwindle

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New York | Reuters — Wall Street’s love of cannabis appears to be going up in smoke as vaping-related ailments and missed revenue projections are prompting short sellers to raise their bets against the industry, fund managers and analysts said on Wednesday. Short interest in cannabis stocks, which reflects bets that prices will fall, has
(CanopyGrowth.com)
Crops

Vape product concerns weigh on cannabis companies

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Toronto | Reuters — A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability. The U.S. Centers for Disease Control and Prevention (CDC) said
File photo of medical cannabis in production. (FatCamera/iStock/Getty Images)
Crops

Pot producer CannTrust’s federal license suspended

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Reuters — Troubled Canadian pot grower CannTrust Holdings said Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last month awaiting a decision from Canada’s health regulator on a large amount of inventory put on hold after discovery of illegal cultivation by the company.
(CNW Group/Tilray)
Crops

Cannabis firm Tilray sees growth slowing

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Reuters — Pot producer Tilray Inc. reported a wider-than-expected quarterly loss on Tuesday, as it ramped up investments to boost production and warned of muted growth in the Canadian recreational marijuana market for the second half of the year. Shares of the Nanaimo, B.C.-based company fell eight per cent after hours. Canada in October became
(FireAndFlower.com)
Crops

Couche-Tard takes stake in cannabis retailer

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One of Canada’s biggest convenience store operators is moving ahead on its stated goal of getting into the retail cannabis business. Edmonton-based cannabis retailer Fire + Flower announced Wednesday it has issued a $25.99 million debenture, convertible to a 9.9 per cent ownership stake, to Quebec’s Alimentation Couche-Tard. The Laval-based firm said its planned investment
"Farmers are having to negotiate with a lot of these end businesses that are selling to the consumers, and each of these different customers has different specifications.” – Andrea Eriksson, NorQuest College.
Farmit Manitoba, News

Hemp agronomy 101 comes to the classroom

NorQuest College of Edmonton hopes to provide new growers with information on the crop

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As hemp production jumps across the Prairies, more first-time producers are being drawn to the crop, prompting an Alberta college to offer a course in how to grow it. NorQuest College offers two courses, one on hemp production and another on processing and products. The Edmonton community college aims to equip continuing education students with
The emerging sector, farm groups say, is posing a new challenge for traditional greenhouse growers. Photo: iStock/Getty Images

Canadian greenhouse labor shortages worsened by growing cannabis producers

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Ottawa | Reuters – Canada’s labor-strapped greenhouse vegetable and flower growers are ramping up efforts to keep and recruit more workers in the face of pressure from the country’s budding cannabis industry, farm groups say. “Many of the cannabis producers are very cash rich. They’ve got the resources to pay a very good wage,” said

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