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

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

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

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

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

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

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,001.71, down 47.31 points). Aurora Cannabis Inc. (TSX:ACB). Health care. Down 81 cents, or 8.9 per cent, to $8.30 on 27.7 million shares. Aphria Inc. (TSX:APH). Health care. Down $3.52, or 16.9 per cent, to $17.30 on 19.2 million shares. RNC Minerals. (TSX:RNX). Metals. Unchanged at 24 cents on 10.7 million shares. HEXO Corp.... Read More

Organigram invests in firm that can produce cannabis’ active ingredients in lab

Organigram invests in firm that can produce cannabis’ active ingredients in lab
TORONTO — The parent company of marijuana producer Organigram Inc. has closed a $10-million investment deal with Hyasynth Biologicals, boosting its access to biotechnology that can produce cannabis’ active chemical ingredients in a lab without needing a costly grow-op. Organigram says Hyasynth’s proprietary technology can produce active ingredients that occur naturally in the cannabis plant, called phytocannabinoids, using genetically engineered strains of yeast... Read More

Big safety testing failure rate for California pot products

Big safety testing failure rate for California pot products
LOS ANGELES — Nearly 20 per cent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards and technical glitches than protecting consumer safety. The testing has been especially tough on cannabis-infused cookies, candies and... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,057.09, down 33.18 points). RNC Minerals. (TSX:RNX). Metals. Up. 8.5 cents, or 94.4 per cent, to 17.5 cents on 39.4 million shares. Aphria Inc. (TSX:APH). Health care. Up $1.33, or 6.53 per cent, to $21.70 on 16 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Up 14 cents, or 1.7 per cent,... Read More

Hexo says shareholder comments, not undisclosed news, behind stock rise

Hexo says shareholder comments, not undisclosed news, behind stock rise
TORONTO — Marijuana company Hexo Corp. says it is not aware of any undisclosed news or change to its operations that would account for recent volatility in its stock market activity. The Quebec-based company made the statement at the request of the Investment Industry Regulatory Organization of Canada, the national self-regulatory organization that oversees all investment dealers and their trading in... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,100.94, down 36.63 points). Aphria Inc. (TSX:APH). Health care. Up $2.87, or 15.53 per cent, to $21.35 on 20.6 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 49 cents, or 5.65 per cent, to $8.19 on 19.2 million shares. HEXO Corp. (TSX:HEXO). Health care. Up $1.21, or 20.5 per cent, to $7.10 on... Read More

Aphria exits U.S. for now with sale of interest in Liberty Health Sciences

Aphria exits U.S. for now with sale of interest in Liberty Health Sciences
LEAMINGTON, Ont. — Licensed marijuana producer Aphria Inc. says it has exited the U.S. market for now by completing the sale of its remaining holdings in Liberty Health Sciences Inc. The Ontario-based company says it has signed an agreement with a group of buyers to sell 64.1 million shares in Liberty Health for $59.1 million. Aphria says it will re-enter the American... Read More