Category: Cannabis

Companies rush to produce pot products, without the cannabis plant itself

CanadianInvestor
Companies rush to produce pot products, without the cannabis plant itself
TORONTO — Canadian companies are racing to get an edge in the new frontier of the cannabis industry — which does not involve the leafy green plant at all. An increasing number of licensed producers and biotechnology firms are moving towards synthetic production of THC and other cannabinoids in a lab, using ingredients such as sugar and yeast, eyeing the... Read More

Five things to watch for in the Canadian business world in the coming week

Editor
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: BoC outlook Bank of Canada will release its spring Business Outlook Survey on Monday. The central bank’s previous survey in December showed that sentiment had decreased slightly, but remained elevated as responses to almost all the survey questions were holding above their historical averages.... Read More

NYC may ban pre-hire marijuana tests for many job applicants

CanadianInvestor
NYC may ban pre-hire marijuana tests for many job applicants
NEW YORK — Many job-seekers would no longer face tests for marijuana use under legislation that New York City is likely to enact, taking a novel step as lawmakers and employers around the U.S. grapple with workplace policies about pot. The Democrat-led City Council passed a measure Tuesday that would ban pre-employment testing for the drug, with certain exceptions. Supporters... Read More

Canopy becomes first pot stock to join S&P/TSX 60 index, replacing Goldcorp

CanadianInvestor
Canopy becomes first pot stock to join S&P/TSX 60 index, replacing Goldcorp
TORONTO — Canopy Growth Corp. will soon join the S&P/TSX 60, making it the first cannabis company to be added to the index of Canada’s large-cap stocks. S&P Dow Jones Indices says Canopy’s stock will replace Goldcorp Inc. and the change will take effect before trading on April 18. Goldcorp is set to be delisted once its merger with Newmont Mining Corp. is complete, and... Read More

Pot prices up 17.3% post-legalization, large hikes in NB and Manitoba: StatCan

CanadianInvestor
Pot prices up 17.3% post-legalization, large hikes in NB and Manitoba: StatCan
TORONTO — Statistics Canada says the average cost of a gram of dried cannabis has gone up by more than 17 per cent since legalization, with consumers in New Brunswick and Manitoba seeing the biggest sticker shock. The government agency says the average price per gram post-legalization was $8.04, approximately 17.3 per cent higher than the pre-legalization price of $6.85.... Read More

Toronto’s second legal pot store opens in ritzy Yorkville neighbourhood

CanadianInvestor
Toronto’s second legal pot store opens in ritzy Yorkville neighbourhood
TORONTO — Some of Toronto’s wealthiest residents now have easy access to cannabis with Sunday’s opening of the city’s second legal retail store. A couple dozen eager buyers stood in line in Yorkville to make the first purchases at Ameri, a small store in the shadows of high-rise condominium towers. “There’s always the anxious people but I can assure everybody we’re... Read More

Five things to watch for in the Canadian business world in the coming week

Editor
Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts CMHC releases its latest read on the Canadian housing market on Monday when it publishes its preliminary data on housing starts for March. The annual pace of housing starts cooled in February as higher mortgage rates and less stimulative economic conditions helped... Read More

Aurora, Aphria chosen to grow medical pot in Germany, Europe’s largest market

CanadianInvestor
Aurora, Aphria chosen to grow medical pot in Germany, Europe’s largest market
Aurora Cannabis and Aphria Inc. say they were among the three companies selected by the German government to cultivate and distribute medical pot in the European country. Both companies say the decision by Germany’s Federal Institute for Drugs and Medical Devices is provisional and subject to a mandatory 10-day waiting period, which allows unsuccessful bidders to submit a challenge before the final... Read More

CBD-Infused Beverages Achieve Quality and Clarity Breakthrough Utilizing Pressure BioSciences’ Ultra Shear Technology Platform

CanadianInvestor
CBD-Infused Beverages Achieve Quality and Clarity Breakthrough Utilizing Pressure BioSciences’ Ultra Shear Technology Platform
New Video Demonstrates Revolution in Soft Drinks, Sports Drinks, and Beer with Vanishing Water-Soluble CBD Oil for Enhanced Quality and Absorption Pressure BioSciences, Inc. (“PBI” and the “Company”), a leader in the development and sale of broadly enabling, pressure-based instruments, consumables, and platform technology solutions to the life sciences and other industries, today released a new, short video... Read More

Texas removing hemp from controlled substance list

CanadianInvestor
Texas removing hemp from controlled substance list
DALLAS — Texas is eliminating hemp from its list of controlled substances, bringing it in line with federal law but possibly feeding confusion about the legality of some hemp-based products. The Texas Department of State Health Services is on Friday removing hemp from a list of Schedule I drugs that can be abused and have no authorized medical use, the... Read More