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Zenabis’ CEO Rick Brar and chief growing officer Leo Benne in a Bevo facility at Langley, B.C. (CNW Group/Bevo Agro)
Crops

Vegetable seedling grower, cannabis grower to merge

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A B.C. company that raises seedlings for greenhouse vegetable growers is set to devote its existing square footage to weed, following a takeover by a B.C. cannabis grower and processor. Langley-based, publicly-traded Bevo Agro on Thursday announced a reverse takeover deal with Surrey-based, privately-held cannabis firm Sun Pharm Investments, which will see Sun Pharm shareholders
The legalization of cannabis is expected to create thousands of new jobs — from production workers to office staff. Shown here is an Ontario marijuana facility. (Photo: Reuters/Blair Gable)
Crops, Markets

Aurora Cannabis plans U.S. stock listing in October

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Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana
(CanopyGrowth.com)
Crops, Markets

Big Weed hits up Europe hoping for expansion cash

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Toronto/London | Reuters — A favorite of DIY stock pickers, Canadian cannabis firms are trying to bolster their institutional investor base by ramping up efforts to woo European funds as countries across the region approve marijuana for medical use. For some time companies including Canopy Growth, Aurora Cannabis and Tilray Inc. have been signing export
A worker pushes a cart of marijuana plants at the Canopy Growth facility at Smiths Falls, Ont. on Jan. 4. (File photo: Reuters/Chris Wattie)
Crops

Corona owner pours more funds into weed producer

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Reuters — Corona beer maker Constellation Brands will invest a further $5 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of bets by the alcohol industry in legal pot. Constellation was among the first major alcohol producers to invest in marijuana production when it pumped about $245
The legalization of cannabis is expected to create thousands of new jobs — from production workers to office staff. Shown here is an Ontario marijuana facility. (Photo: Reuters/Blair Gable)
Crops

Ontario delays start date of retail cannabis sales

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Toronto | Reuters — Ontario’s newly elected Tory government said Monday it will delay the start date of recreational marijuana sales in the province and will allow private retailers to sell cannabis rather than government-run stores. Ontario will allow private retailers to sell recreational marijuana starting on April 1, officials from the province’s Progressive Conservative
Comment: The trouble with edibles
Comment, Opinion, Other

Comment: The trouble with edibles

Is Canada’s food industry ready for the massive opportunity of cannabis legalization?

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On Oct. 17, smoking cannabis will become legal in Canada. As for cannabis edibles, they will take a bit longer: cannabis-infused food products will be legal in a little less than a year’s time. Once edibles are available, things will get complicated in Canada’s food industry. But, with the right regulations, this is a profit
(Ca.TokyoSmoke.com)
Crops

Canopy Growth to buy Tokyo Smoke owner Hiku Brands

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Reuters — Ontario’s Canopy Growth Corp. is buying Toyko Smoke cannabis owner Hiku Brands Co. Ltd. for $269.2 million, the latest deal in a fast-consolidating sector ahead of legal recreational marijuana sales. Smiths Falls-based Canopy Growth on Tuesday offered 0.046 of its shares, or $1.91 per share, for each Hiku share held, a premium of
(GWPharm.com)
Crops

U.S. approves marijuana-derived drug for epilepsy

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Reuters — The U.S. health regulator approved GW Pharmaceuticals’ epilepsy treatment on Monday, making it the first cannabis-based drug to win approval in the country and opening floodgates for more research into the medicinal properties of cannabis. The drug’s approval permits its use in patients aged two years and older with Dravet Syndrome (DS) and
(LOP.parl.ca)
Crops

Senate approves recreational use of marijuana

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Toronto | Reuters — Canada’s upper house of Parliament on Tuesday approved a revised bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. The Senate voted 52-29 in favour of the revised bill from the House of Commons, paving the way for
(MedReLeaf.com)
Crops

Aurora to buy Ontario’s MedReleaf in biggest-ever pot deal

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Reuters — Aurora Cannabis will buy rival MedReleaf Corp. for $3.2 billion in the biggest deal yet to unify major Canadian pot growers, as the country moves toward legalizing marijuana for recreational use. The deal announced Monday is the latest in a wave of mergers in the industry as marijuana producers — emboldened by pot

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