CannTrust’s Danish partner quarantines pot products linked to illegal growing

CannTrust’s Danish partner quarantines pot products linked to illegal growing
ALLEROD, Denmark — CannTrust Holdings Inc.’s Danish partner says it has quarantined a batch of products received from the licensed producer in connection with Health Canada’s recent discovery of illegal growing operations at its Ontario greenhouse. Stenocare says it has been in contact with the Danish Medicines Agency and the single batch has been put in quarantine for potential destruction, pending... Read More

CMHC reports pace of housing starts in Canada jumped higher in June

CMHC reports pace of housing starts in Canada jumped higher in June
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts picked up in June to a seasonally adjusted annual rate of 245,657 units compared with 196,809 units in May. The result topped the 210,000 units that economists had expected, according to Thomson Reuters Eikon. The increase in the pace home starts came as the rate of... Read More

Cause of wireless outage unclear; Telus, Bell say it originated with other carriers

Cause of wireless outage unclear; Telus, Bell say it originated with other carriers
TORONTO — The cause of a Rogers Wireless service outage that began Sunday remains unclear but the company says “a very limited number” of customers are still experiencing intermittent interruptions to voice calls. The problems with Rogers mobile phone calls seem to have also affected other carriers. Telus says its customers began reporting an inability to receive or place voice calls with... Read More

Ontario to issue 50 new cannabis store licences, eight to go to First Nations

Ontario to issue 50 new cannabis store licences, eight to go to First Nations
TORONTO — Ontario is set to get 50 more cannabis retail stores starting in October. The finance minister and attorney general say the Alcohol and Gaming Commission of Ontario will hold a lottery for 42 retail store authorizations. Another eight stores will be located on First Nations reserves through a separate process. Previously, 25 retailers were chosen through a lottery... Read More

Dollarama signs deal for stake in Latin American retailer Dollarcity

Dollarama signs deal for stake in Latin American retailer Dollarcity
MONTREAL — Dollarama Inc. has signed a deal to by a 50.1 per cent stake in Latin American retailer Dollarcity. Under the deal, Montreal-based retailer said the estimated purchase price was in a range from US$85 million to US$95 million based on financial projections provided by Dollarcity management. Dollarama will make a US$40-million payment upon closing the deal and settle the balance... Read More

Huawei loses trade-secret case, but jury awards no damages

Huawei loses trade-secret case, but jury awards no damages
DALLAS — A Texas jury ruled Wednesday that Chinese technology giant Huawei stole trade secrets from a Silicon Valley startup, but jurors declined to levy damages, saying Huawei didn’t benefit from the theft. The jury in U.S. District Court in Sherman, Texas, also rejected Huawei’s claims that Cnex Labs Inc. co-founder Yiren Huang stole its technology while he worked at... Read More

Pot edibles may drive up life insurance premiums, depending on consumption level

Pot edibles may drive up life insurance premiums, depending on consumption level
TORONTO — Canadians looking to enjoy soon-to-be-legalized pot-infused edibles could get hit with higher insurance premiums — depending on the size of their appetite. Many insurers no longer treat cannabis users as cigarette smokers — who pay much higher premiums due to the high-risk activity — provided there is no tobacco or nicotine in the products they use. The shift came in recent years as Canada... Read More

Tesla: Sales record within reach but deliveries are problem

Tesla: Sales record within reach but deliveries are problem
DETROIT — Tesla is close to setting a quarterly record for deliveries, but the company is having trouble shipping vehicles to the right places as the second quarter comes to a close, CEO Elon Musk told workers in an internal memo. Musk wrote that the company could break the record of 90,700 deliveries set in last year’s fourth quarter if... Read More

Dried cannabis sales up 6 per cent in April, inventories rise 215,665 kilograms

Dried cannabis sales up 6 per cent in April, inventories rise 215,665 kilograms
OTTAWA — Heath Canada says sales of legal dried cannabis grew 16 per cent in April compared with the prior month. More than 8,800 kilograms of recreational and medical cannabis was sold in the month, up from 7,627 kilograms in March. Total cannabis oil sales grew 3.5 per cent to 8,196 litres. Almost 76 per cent of dried cannabis sales were non-medical... Read More