Category: Cannabis

Alimentation Couche-Tard taking a more laid-back approach to selling pot

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Alimentation Couche-Tard taking a more laid-back approach to selling pot
LAVAL, Que. — The chairman of Alimentation Couche-Tard Inc. says reluctance from the company’s own employees and broader uncertainty about the North American cannabis market are preventing it from charging into the blossoming sector. “There’s opinions all over the place. If you talk to our people, it’s like 50-50,” said Alain Bouchard, co-founder of the Quebec-based convenience store giant. “It... Read More

Canopy Growth’s venture capital arm goes public on TSX Venture exchange

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Canopy Growth’s venture capital arm goes public on TSX Venture exchange
TORONTO — The venture capital arm of marijuana company Canopy Growth goes public on the TSX Venture exchange today amid a cannabis stock craze. Canopy Rivers, a subsidiary which pursues investment opportunities in the marijuana sector, begins trading today under the ticker symbol, “RIV” via a reverse-takeover of AIM2. Its investment portfolio includes licensed producer Agripharm and Solo Growth, a retail cannabis distributor.... Read More

The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’

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The hunt for online herb: feds seek dope on hazy world of pot’s ‘cryptomarket’
OTTAWA — The federal government insists pot legalization will help the country snuff out crime — but internally it’s wondering what will become of the fuzzy world of illegal online weed transactions. In less than a month, Canada will become the first industrialized country to legalize recreational marijuana. The Liberal government has argued the end of cannabis prohibition will prevent criminals and, in particular, organized crime from getting their hands on the lucrative proceeds... Read More

Tilray shares continue to climb higher on second day after export approval

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Tilray shares continue to climb higher on second day after export approval
TORONTO — Shares in marijuana company Tilray Inc. were up nearly 20 per cent in early trading. The move in the stock follows a nearly 30 per cent jump on Tuesday after the company announced it had received approval to export a medical cannabis product to the U.S. for use in a clinical trial. The company will be exporting capsules... Read More

Most actively traded companies on the TSX

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Most actively traded companies on the TSX
Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,196.04, up 113.73 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Up $1.04, or 10.4 per cent, to $11.02 on 61.3 million shares. RNC Minerals. (TSX:RNX). Metals. Up 2.5 cents, or 6.25 per cent, to 42.5 cents on 18.2 million shares. Coro Mining Corp. Rights. (TSX:COP.RT). Metals. Down half of a cent, or 50... Read More

Marijuana producer Aurora Cannabis says there is no beverage deal to announce

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Marijuana producer Aurora Cannabis says there is no beverage deal to announce
EDMONTON — Aurora Cannabis Inc. says it has not signed a deal with respect to any partnership with a drink company. In a report based on anonymous sources, BNN Bloomberg reported Monday that Aurora was in serious talks with the Coca-Cola Company. The marijuana company says it does engage in exploratory talks with industry participants from time to time, but... Read More

Tilray to export cannabis formulation to U.S. for clinical trial

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Tilray to export cannabis formulation to U.S. for clinical trial
TORONTO — Canadian licensed marijuana producer Tilray Inc. has received the green light from the U.S. Drug Enforcement Administration agency to export a medical cannabis product south of the border for use in a clinical trial. The Nanaimo, B.C.-based company and a researcher at the University of California San Diego believe it is the first export of a cannabis study drug from a Canadian company to... Read More

Aurora Cannabis shares rise on reported talks with Coca-Cola

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Aurora Cannabis shares rise on reported talks with Coca-Cola
EDMONTON — Shares of Aurora Cannabis Inc. were up as much as 17 per cent today after a report the marijuana producer was in talks with the Coca-Cola Company to develop pot-infused drinks. The Edmonton-based company’s stock briefly rose above the $10 mark in early trading after the report by BNN Bloomberg, citing sources. Aurora Cannabis shares traded for $9.62, up nearly... Read More

BC to have only one store selling cannabis on first day of legalization

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BC to have only one store selling cannabis on first day of legalization
VANCOUVER — On the morning of Oct. 17, British Columbians shouldn’t expect to wake up and see marijuana stores opening their doors. At least that’s the message from the province’s minister of public safety and solicitor general, Mike Farnworth. In a news release issued Sunday, Farnworth said the government’s first  and only BC Cannabis Store will open in Kamloops and more... Read More