Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,103.51, up 7.44 points) Pure Technologies Ltd. (TSX:PUR). Technology. Up $4.47, or 100.68 per cent, to $8.91 on 13.2 million shares. The Calgary-based water pipeline technology and inspection company says it has agreed to be sold for more than half a billion dollars to New York-based Xylem Inc.... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,915.68, down 53.35 points) Aphria Inc. (TSX:APH). Health care. Up $1.91, or 16.44 per cent, to $13.53 on 12.02 million shares. The marijuana producer announced after markets closed on Monday that it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The... Read More

Class-action suit against Valeant set to go to trial after court rejects appeal

Class-action suit against Valeant set to go to trial after court rejects appeal
MONTREAL — A class-action lawsuit brought on behalf of investors against Valeant Pharmaceuticals Inc. will go to trial. The Quebec Court of Appeal dismissed applications for leave to appeal from the defendants, who asked the court to review a Quebec Superior Court judge’s authorization of the suit. The class action was brought on behalf of persons who acquired securities of Valeant (TSX:VRX)... Read More

Aphria set to be Shoppers Drug Mart’s cannabis supplier with new agreement

Aphria set to be Shoppers Drug Mart’s cannabis supplier with new agreement
VANCOUVER — Marijuana producer Aphria Inc. announced it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis. The company said Monday that it will provide the pharmacy with four strains of dried marijuana flower in two different sizes and four cannabis oils. All 12 products will carry the Aphria brand name. The deal comes after many... Read More

Pot companies gear up at home, cast global net in strong quarter: analysts

Pot companies gear up at home, cast global net in strong quarter: analysts
TORONTO — Canadian marijuana companies were riding high in the latest quarter as they ramped up production capacity ahead of the deadline for the legalization of recreational cannabis next summer while also extending their reach outside the country’s borders, analysts say. Canopy Growth Corp. (TSX:WEED), Canada’s largest licensed marijuana producer, was the latest to report its second-quarter earnings, posting a $1.3-million loss... Read More

Valeant expected to take big writedown on sale of female libido drug

Valeant expected to take big writedown on sale of female libido drug
MONTREAL — Valeant Pharmaceuticals International Inc. has signed a deal to sell its Sprout Pharmaceuticals subsidiary and its female sexual dysfunction drug to the company’s former owners. Under the deal, Valeant will receive a six per cent royalty on sales of Addyi starting 18 months from the signing of the sale agreement. The agreement also ends a legal dispute between... Read More

New Brunswick unveils plans for Crown-run marijuana stores, plus home delivery

New Brunswick unveils plans for Crown-run marijuana stores, plus home delivery
FREDERICTON — New Brunswickers will buy their legal marijuana at a subsidiary of the province’s liquor commission — and have sommelier-like staff to guide them. The province also announced Wednesday the stores will be more tightly controlled than liquor outlets, but home delivery will be available. “No one under the legal age will be allowed inside the premises. That will... Read More

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice

Marijuana producer Aphria inks deal to raise $80M, shares fall after TSX notice
LEAMINGTON, Ont. — Shares in Aphria Inc. fell nearly 10 per cent in early trading as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange. The company announced the bought-deal financing Tuesday that will see it issue more than 11 million shares at a... Read More

TMX Group cracks down on marijuana companies that violate U.S. federal laws

TMX Group cracks down on marijuana companies that violate U.S. federal laws
TORONTO — Companies with business activities that violate U.S. federal law regarding marijuana could undergo a delisting review at the Toronto Stock Exchange, said The TMX Group, which operates the main index and TSX venture. “Based on our quality control and standards that we have set for our market, our rules say that you cannot be in violation of applicable... Read More

NAFTA renegotiations threaten Canada’s steps toward pharmacare

NAFTA renegotiations threaten Canada’s steps toward pharmacare
Canada must both defend the existing public health-care system as well protect its aspirations to creating a better one By Ruth Lopert & Steve Morgan EvidenceNetwork.ca, Troy Media A “modernized NAFTA” has significant implications for many sectors of the economy, including health care. What’s at stake? Canadians’ right to universal access to affordable medicines. When negotiating with the U.S. and... Read More