Insights and Stories on Cannabis

Second Cup to set up cannabis lounges in West

Apr. 12, 2018 at 7:12 am CDT

Updated, April 13 — Canada’s No. 2 specialty coffeehouse chain has a partnership deal in place to convert some of its outlets in Western Canada to recreational cannabis shops and lounges. Second Cup on Thursday announced a “strategic alliance” with National Access Cannabis Corp. (NAC) to roll out a network […]

Canada prepares for legal pot with new license class, labels

Mar. 20, 2018 at 4:18 pm CDT

By Nichola Saminather

Pot firm Aurora’s CanniMed deal gets regulatory nod

Feb. 28, 2018 at 7:05 pm CST

By Reuters

Recreational marijuana sales in Canada face fresh delays

Feb. 16, 2018 at 2:03 am CST

By Leah Schnurr

Weed firms again urged to disclose U.S. risks

Feb. 8, 2018 at 5:41 pm CST

By Nichola Saminather

Ontario pot firm Aphria selling U.S. stake

Feb. 2, 2018 at 4:32 pm CST

Reuters — Ontario marijuana company Aphria said on Friday it agreed to sell its minority stake in U.S.-based Copperstate Farms to Liberty Health Sciences for $20 million. Boards of Aphria and Liberty have unanimously approved the deal, which is expected to close in the second quarter. Aphria has been looking […]

By Reuters

Cannabis firm Aphria mulls sale of U.S. unit

Feb. 1, 2018 at 4:54 pm CST

Reuters — Canadian cannabis company Aphria said Thursday it was exploring “strategic alternatives,” including a sale, for its U.S. business, amid tightening enforcement of federal cannabis laws in the country. Earlier this year, the U.S. Department of Justice revoked an Obama administration policy that discouraged federal prosecutors from pursuing marijuana-related […]

By Reuters

Ontario medical marijuana producers plan major merger

Jan. 29, 2018 at 8:33 pm CST

A southwestern Ontario greenhouse firm billed as one of Canada’s lowest-cost medical marijuana producers plans to expand its reach by buying a rival firm sourcing cannabis worldwide for processing. Aphria Inc., based at Leamington, Ont., announced Monday it has locked in a cash-and-stock deal to buy Toronto-based Nuuvera Inc. for […]

By Staff

Canadians spent $5.7 billion on cannabis in 2017

Jan. 25, 2018 at 5:53 pm CST

Ottawa | Reuters — Canadians spent an estimated $5.7 billion on cannabis in 2017, Statistics Canada said on Thursday, with the country on track to legalize recreational use of the drug nationwide later this year. About 4.9 million Canadians between the ages of 15 to 64 purchased both medical and […]

By Reuters

Aurora, CanniMed to form Canadian weed giant

Jan. 24, 2018 at 1:58 pm CST

Two major players in the Canadian medical marijuana market are set to create one of the world’s biggest pot production firms in a friendly $1.1 billion cash-and-stock deal. Edmonton-based Aurora Cannabis announced an agreement Wednesday in which it will ante up on its previous hostile bid for CanniMed Therapeutics and […]

By Staff

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