Shoppers Drug Mart granted licence to sell medical marijuana online

Shoppers Drug Mart granted licence to sell medical marijuana online
TORONTO — Shoppers Drug Mart has been granted a licence to sell medical marijuana online. Health Canada’s list of authorized cannabis sellers and producers has been updated to reflect that the pharmacy can sell dried and fresh cannabis, as well as plants, seeds and oil. A website has been set up by the company, which says that patients “with a... Read More

Aurora Cannabis to supply medical pot to Mexico through partnership

Aurora Cannabis to supply medical pot to Mexico through partnership
EDMONTON — Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales. Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date. Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in... Read More

Metro Inc. sales grow in first full quarter with Jean Coutu brand

Metro Inc. sales grow in first full quarter with Jean Coutu brand
Metro Inc. saw sales grow more than 15 per cent in its first full quarter since acquiring the Jean Coutu Group pharmacy chain. “The Jean Coutu integration plan is on track,” said CEO Eric La Fleche during a conference call with analysts Wednesday. The grocery retailer acquired the pharmacy operator in May 2018 for about $4.5 billion. The acquisition helped boost Metro’s sales... Read More

From Audible to Whole Foods: A look at Amazon’s empire

From Audible to Whole Foods: A look at Amazon’s empire
NEW YORK — Amazon is hard to escape. Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. And now, Amazon’s sprawling empire will stretch even further. The company is expected to announce Tuesday that it will open two more bases... Read More

Bausch Health reports $350M third-quarter loss, revenue edges lower

Bausch Health reports $350M third-quarter loss, revenue edges lower
LAVAL, Que. — Bausch Health Companies Inc. reported a loss of $350 million in its latest quarter as its revenue moved lower. The company formerly known as Valeant Pharmaceuticals says the loss for the quarter ended Sept. 30 amounted to $1.00 per diluted share. The result compared with a profit of $1.30 billion or $3.69 per share in the same period... Read More

Israel’s Teva gives upbeat outlook as restructuring proceeds

Israel’s Teva gives upbeat outlook as restructuring proceeds
JERUSALEM — Israeli drug maker Teva Pharmaceutical Industries on Thursday reported a third-quarter loss as it proceeds with an aggressive cost-cutting program and adjusts to declines in key product categories. But the company gave an upbeat outlook, citing stabilization in its core generics business, the launch of new products and progress with its restructuring program. Teva shares surged on the... Read More

Demand for legalized cannabis draws lineups, heavy web traffic across Canada

Demand for legalized cannabis draws lineups, heavy web traffic across Canada
TORONTO — Cannabis was “flying off the shelves” in retail outlets and online stores across the country as Canadians looked to make their first-ever legal purchase of recreational pot and participate in the historic cultural moment. Less than 24 hours after Canada became one of the few countries around the world to legalize cannabis for adult use, some private retailers were either sold... Read More

Postal services ready for looming wave of legal cannabis deliveries

Postal services ready for looming wave of legal cannabis deliveries
TORONTO — Legal cannabis is set to usher in a wave of high-value, age-restricted parcels in the mail system, and delivery companies say they’re ready. The test of the system will come as Ontario relies entirely on the postal system for deliveries when pot is legalized on Wednesday while other provinces expect to see a fair portion of sales from... Read More

Tilray shares up as much as 28 per cent in Nasdaq trading after IPO

Tilray shares up as much as 28 per cent in Nasdaq trading after IPO
NANAIMO, B.C. — Shares of cannabis producer Tilray Inc. rose as much as 28 per cent today after they began trading on the Nasdaq market. The stock was priced at US$17 per share in its initial public offering, but shares were trading at US$21.82 at midday. Tilray is the third cannabis producer to list its shares on a U.S. exchange, following Canopy Growth Corp.... 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 (16,144.79, down 17.52 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up 46 cents, or 5.81 per cent, to $8.38 on 13.6 million shares. Cenovus Energy Inc. (TSX:CVE). Oil and gas. Up 14 cents, or 0.99 per cent, to $14.35 on 7.5 million shares. Canopy Growth Corp. (TSX:WEED). Healthcare. Up $3.40, or... Read More