Category: Health & Wellness

Athenahealth fetches $5.7 billion cash buyout offer

CanadianInvestor
Athenahealth fetches $5.7 billion cash buyout offer
Athenahealth shares soared Monday after the struggling medical billing software maker received a $5.7 billion cash buyout offer. Veritas Capital and Evergreen Coast Capital plan to give athenahealth shareholders $135 per share in a deal that will take the company private. That represents a roughly 12 per cent premium over the closing price of athenahealth shares on Friday. But the... Read More

Aurora Cannabis ramping up production but recreational pot shortages to linger

CanadianInvestor
Aurora Cannabis ramping up production but recreational pot shortages to linger
TORONTO — Aurora Cannabis saw “strong demand” for recreational pot during the initial few weeks of legalization in Canada and it expects consumer appetite to continue to outstrip supply for “some time.” The Edmonton-based pot producer was able to meet “just about all” of its supply obligations leading up to and after pot for adult use was legalized on Oct. 17, but it will take time to ramp... Read More

Medical pot company plugs web security flaw but privacy concerns persist

CanadianInvestor
Medical pot company plugs web security flaw but privacy concerns persist
TORONTO — A prominent Canadian medical marijuana company took weeks to fix a website security weakness that could have allowed hackers to access a patient’s sensitive information. In an interview this week, the chief technology officer of Namaste Technologies said the changes were made late last month ahead of plans to roll out a complete reworking of the flawed application, which... Read More

Canadian tech companies look to cash in on cannabis with innovations and apps

CanadianInvestor
Canadian tech companies look to cash in on cannabis with innovations and apps
TORONTO — One of John Lem’s first hints that the technology behind his DNA testing company Spartan Bioscience could be a hit with cannabis users came years ago when an executive asked him if genetics could have caused a bad reaction to pot. The question intrigued Lem so much that he eventually applied Spartan’s technology to a new Toronto-based venture called Lobo Genetics. Through Lobo, he created a... Read More

Money Monitor: How much pricier are organic groceries? Some items nearly on par

CanadianInvestor
Money Monitor: How much pricier are organic groceries? Some items nearly on par
MONTREAL — Vanessa Baratta is cut up about purchasing organic produce. “Price factors into it now that I’m a homeowner. Beforehand I didn’t really care,” said the 29-year-old urban planner, reaching hesitantly for a package of pesticide-free mixed greens. “I used to go with mostly organic, but it’s much more expensive.” Baratta tries to eat and drink with an environmental... Read More

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

CanadianInvestor
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

Low and slow: A tale of online recreational pot orders across Canada

CanadianInvestor
Low and slow: A tale of online recreational pot orders across Canada
Canadians were eager to buy legal cannabis for recreational use online on Oct. 17, as government-run and privately operated pot portals were lit up with thousands of orders within the first 24 hours of legalization day. However, the problems plaguing many of those initial orders such as delivery delays highlights the growing pains facing the newly legal market. The Canadian Press tried to order... Read More

Cannabis NB changes images on its website after concerns were raised

CanadianInvestor
Cannabis NB changes images on its website after concerns were raised
FREDERICTON — Cannabis NB has made some changes to its website after concerns were raised by Health Canada last week. The Crown agency came under scrutiny for its product descriptions and pictures of people smiling, posing for selfies and holding yoga poses — images that may violate federal regulations. The agency has removed the photos and says it may adjust some of the wording. The website includes categories... Read More

Task force chair says everyone needs to obey the rules on legalized cannabis

CanadianInvestor
Task force chair says everyone needs to obey the rules on legalized cannabis
FREDERICTON — The former chair of the federal cannabis task force says she expected the initial celebration of recreational weed legalization — but it’s now time for everyone to play by the rules. Anne McLellan said her caution applies to the producers, government and private retailers, and Canadians buying the products. McLellan said she expected some industry players would push the limits,... Read More

Melinda Gates speaks on smoothing the shift to digital age

CanadianInvestor
Melinda Gates speaks on smoothing the shift to digital age
NUSA DUA, Indonesia — Instead of destroying jobs and leaving legions of people without work, the digital revolution can open doors to unseen opportunities and industries, but only if everyone has access to the internet and the ability to use it, Melinda Gates said in a recent interview with The Associated Press. The Bill and Melinda Gates Foundation has joined... Read More