CannTrust preliminary estimates shows Q1 net revenue to more than double

CannTrust preliminary estimates shows Q1 net revenue to more than double
VAUGHAN, Ont. — CannTrust Holdings Inc. says the company’s net revenue for its first full quarter after legalization of recreational cannabis will be $17 million, more than double what it was a year earlier. The cannabis producer says it hasn’t finalized its results for the quarter ended March 31 but preliminary estimates show net revenue will be up 116 per cent... Read More

Mainstream retailers embrace marijuana’s less taboo cousin

Mainstream retailers embrace marijuana’s less taboo cousin
NEW YORK — Mainstream retailers are leaping into the world of products like skin creams and oils that tout such benefits as reducing anxiety and helping you sleep. The key ingredient? CBD, or cannabidiol, a compound derived from hemp and marijuana that doesn’t cause a high. Retailers are taking advantage of the booming industry even as its legal status and... Read More

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

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

New wave of telemedicine uses mobile phone video to link patients, doctors

New wave of telemedicine uses mobile phone video to link patients, doctors
Stick out your smartphone and say AHHHHH. Although it’s early days for a new wave of telemedicine, some Canadians can now avoid trips to the doctor’s office by using their mobile phone’s video camera. In March, Telus Health launched a new video link between patients and select doctors in British Columbia, the only province with a billing code to pay... Read More

UK Parliament rejects alternatives to May’s Brexit deal

UK Parliament rejects alternatives to May’s Brexit deal
LONDON — Britain’s Parliament has spoken — and it has said no, again. Lawmakers seeking a way out of the country’s Brexit morass on Monday rejected four alternatives to the government’s unpopular European Union divorce deal that would have softened or even halted Britain’s departure. With just 12 days until the U.K. must come up with a new plan or... Read More

Budget to tout Liberal economic record, provide distraction from SNC furor

Budget to tout Liberal economic record, provide distraction from SNC furor
OTTAWA — The Trudeau government will attempt to set the stage for this fall’s election — and provide some distraction from the SNC-Lavalin affair — with today’s end-of-mandate budget touting the Liberals’ economic record. The Liberal government’s fourth and final budget before the election is expected to include measures to help first-time home buyers, seniors and adult Canadians who want to return... Read More

Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”

Tilray to focus investments on U.S., Europe as Canadian assets “overpriced”
Cannabis producer Tilray Inc. plans to focus the majority of its future investments on the U.S. and Europe, where the growth potential is highest, and will not purchase “overpriced supply assets” in Canada. Tilray’s chief executive Brendan Kennedy said while Canada will continue to be an important market for the Nanaimo, B.C.-based company, the opportunities south of the border and across the pond are “orders... Read More

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint
OTTAWA — Finance Minister Bill Morneau will release the Trudeau government’s final budget of its mandate Tuesday, just seven months before the next federal election. Here are some things to watch for: A boost to skills training The government says it wants to help workers adapt to the rapidly changing needs of the modern workforce. The budget is expected to announce measures to help Canadians cover... Read More

GE sells biopharma unit for $21 billion

GE sells biopharma unit for $21 billion
BOSTON — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. Danaher said after tax benefits, the deal will have a price tag that is closer a $20... Read More

Competition Bureau approves Metro’s transfer of 10 pharmacy interests in Quebec

Competition Bureau approves Metro’s transfer of 10 pharmacy interests in Quebec
OTTAWA — The Competition Bureau says it’s approved the transfer of Metro Inc.’s interests in 10 retail pharmacies in Quebec to two other companies. The bureau and Metro reached an agreement in 2018 to address competition concerns around the grocer’s $4.5-billion acquisition of The Jean Coutu Group Inc. A bureau review found the deal would likely lead to substantially higher... Read More