6h ago
As of March there were more than 150,000 kilograms of unfinished inventory.
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Pot producers' inventory surplus on track for writedowns, BMO warns
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MARIJUANA STOCK WATCHLIST
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10h ago
3:02Governments earned $186M in pot taxes in 5.5 months of legalization: StatsCan
The Ottawa-based agency said revenue came from product-specific excise taxes and general taxes on goods and services, such as the Harmonized Sales Tax, directly related to the sale of cannabis.
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10h ago
5:03CannTrust to enter U.S. CBD market via hemp joint-venture in California
The Vaughan, Ont.-based licensed producer says it has signed a non-binding letter of intent with Elk Grove Farming Company to secure hemp with high cannabidiol (CBD), the non-intoxicating compound found in cannabis and hemp.
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12h ago
Acreage Holdings Inc. shareholders voted Wednesday in favour of the U.S. cannabis company being acquired by Canopy Growth Corp. when it is federally permissible to do so.
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15h ago
3:02Surplus of unsold cannabis may lead to industry-wide writedowns: BMO
A glut of unsold pot stuck in Canadian licensed cannabis producer vaults may wind up being worthless, and could lead to industry-wide writedowns, according to analysts from BMO Capital Markets.
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Jun 18
7:22Cannabis Canada: Industry adopts framework to improve environmental, governance standards
The newly-established Global Cannabis Partnership is a group of 45 members that released a corporate social responsibility framework which seeks to positively influence the industry's impacts on the environment and society.
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Jun 18
As cannabis legalization spreads across the globe, another mind-altering drug is trying to follow in its tracks: magic mushrooms.
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Jun 17
3:10Cannabis Canada: How blockchain will factor into Shoppers Drug Mart’s medical pot plans
Ken Weisbrod, Shoppers’ vice-president of business development, said the company signed a deal with TruTrace Technologies for a pilot program to provide software to track medical cannabis from seed to final product.
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Jun 17
4:42Stifel to expand GMP’s cannabis business with eye on future M&A
Stifel Financial Corp.’s move to buy GMP Capital Inc.’s capital markets business for about $70 million will expand the Canadian investment banking firm’s ability to make more cannabis deals south of the border, executives from both companies said.
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Jun 17
3:33Hexo, Molson plan to start selling pot drinks in Canada by December
Molson Coors Brewing Co.’s cannabis joint venture plan to start selling multiple types of pot beverages on Canadian shelves the first day they can legally be sold, though they won’t contain alcohol.
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