Cannabis News Canada


on May 30, 2020 in Cannabis News Canada

This Alberta scientist received worldwide attention for his cannabis and COVID-19 study.

Submitted by Marijuana News But getting funding and a clinical trial going in Canada remains a massive challenge Dr. Igor Kovalchuk, a biological scientist and professor at the University of Lethbridge, wasn’t expecting his phone to ring this much. In April, he and a team of researchers and biologists published preclinical research in PrePrints, a multidisciplinary publishing platform, that demonstrated certain cultivars (strains of cannabis) may reduce the rate of entry of COVID-19 into human cells. But despite the worldwide interest the research garnered, Kovalchuk says it has been difficult to move the study forward in Canada, where a...

Submitted by Marijuana News But getting funding and a clinical trial going in Canada remains a massive challenge Dr. Igor Kovalchuk, a biological scientist and professor at the University of Lethbridge, wasn’t expecting his phone to ring this much....

click here for more

on May 30, 2020 in Cannabis News Canada

Canopy Rivers Tightens Belt, Cuts Employees

Submitted by Marijuana News Canopy Rivers Inc. (OTC: CNPOF) is laying off employees and cutting back on spending as the company focuses on positive cash flow. The venture capital firm that specializes in cannabis companies said that it is streamlining its operations to preserve its cash on hand. However, Canopy Rivers said it is still planning on repurchasing some of its subordinated voting shares and that is can buy up to 10% of these shares. The stock was lately trading at $1.02 per share. The company said in a statement that it is making the following changes: A material...

Submitted by Marijuana News Canopy Rivers Inc. (OTC: CNPOF) is laying off employees and cutting back on spending as the company focuses on positive cash flow. The venture capital firm that specializes in cannabis companies said that it is...

click here for more

on May 30, 2020 in Cannabis News Canada

Tilray to close Leamington cannabis greenhouse operation

Submitted by Marijuana News A licenced cannabis greenhouse in Leamington, employing about 120 people will be shutting down operations over the next six weeks. Tilray, Inc. the owner of High Park Gardens announced Wednesday it would be closing its Leamington operation. The company says the closure is expected to yield $7.5 million in annualized net savings. “We are continuously evaluating the evolving needs of our business, against a challenging industry backdrop, to ensure we’re in the best position to produce world-class products and deliver positive results for our stakeholders,” Brendan Kennedy, Tilray CEO said in a statement. Tilray acquired...

Submitted by Marijuana News A licenced cannabis greenhouse in Leamington, employing about 120 people will be shutting down operations over the next six weeks. Tilray, Inc. the owner of High Park Gardens announced Wednesday it would be closing its...

click here for more

on May 1, 2020 in Cannabis News Canada

Canada’s response to the Cannabis Industry during COVID-19 by Province

Submitted by Marijuana News A scope into Canada’s response to the Cannabis industry during Covid-19 by province reveals the industry’s resilience in the face of these trying times. The cannabis industry is among the high-growth sector and a significant contributor to the Canadian economy. The country has gained over 400 brick-and-mortar stores since the legalization of weed in late 2018. Initially, cannabis industry not factored into the statement made on April 6th by the Business Development Bank of Canada, which outlined qualifications for the Business Credit Availability Program (BCAP), including access to the Canada Emergency Business Account and the...

Submitted by Marijuana News A scope into Canada’s response to the Cannabis industry during Covid-19 by province reveals the industry’s resilience in the face of these trying times. The cannabis industry is among the high-growth sector and a significant...

click here for more

on March 17, 2020 in Cannabis News Canada

COVID-19: Impending Quarantines leading to Cannabis Stockpiling

As the COVID-19 pandemic continues to spread, with the death toll and reported cases rising each day, quarantines and impeding restrictions have sent consumers rushing to stores to stock up and panic-buy everything from antiseptic wipes to toilet paper to meat, and now cannabis. While the viral videos of shoppers going rockem socket for Purex […] The post COVID-19: Impending Quarantines leading to Cannabis Stockpiling appeared first on Latest Cannabis News Today – Headlines, Videos & Stocks. Excerpt only … READ MORE BELOW Source : Cannabis life network Link to original : COVID-19: Impending Quarantines leading to Cannabis Stockpiling...

As the COVID-19 pandemic continues to spread, with the death toll and reported cases rising each day, quarantines and impeding restrictions have sent consumers rushing to stores to stock up and panic-buy everything from antiseptic wipes to toilet paper...

click here for more

on March 17, 2020 in Cannabis News Canada

CBD Vape Oil For Pain, Anxiety, & More: Why Do People Vape CBD?

Submitted by Marijuana News More and more people are using CBD vape oil thanks to its convenience and fast acting effects Cannabidiol (CBD) is one of over 100 cannabinoids found in hemp and marijuana plants. Unlike the mind-altering THC, the cannabinoid associated with marijuana, CBD does not have the ability to make a user high. The hemp and CBD industry have seen immense growth over the last decade due to countless studies that suggest cannabidiol may provide various health benefits. Due to its rapid absorption rate, CBD vape oil is a fast, easy way to get relief from numerous...

Submitted by Marijuana News More and more people are using CBD vape oil thanks to its convenience and fast acting effects Cannabidiol (CBD) is one of over 100 cannabinoids found in hemp and marijuana plants. Unlike the mind-altering THC,...

click here for more

on March 17, 2020 in Cannabis News Canada

Cannabis sales surge as Ontario declares state of emergency

Submitted by Marijuana News As public health officials work to contain the coronavirus, Canadians are doubling down on cannabis. Before the premier announced the province was in a state of emergency on Tuesday, Ontario Cannabis Store experienced a surge in sales. Sales were up 80 per cent on Saturday and 100 per cent on Sunday, Daffyd Roderick, director of communications for the OCS, told the The GrowthOp in an email. More than 7,000 orders were placed over the weekend. “At present, we have sufficient inventory to meet demand and we are in frequent communication with our licensed producer partners...

Submitted by Marijuana News As public health officials work to contain the coronavirus, Canadians are doubling down on cannabis. Before the premier announced the province was in a state of emergency on Tuesday, Ontario Cannabis Store experienced a surge...

click here for more

on March 17, 2020 in Cannabis News Canada

Check out this secretive, yet legal, cannabis shop in Ontario

Submitted by Marijuana News The first licensed cannabis store in Waterloo is open for business. Located on King Street South, Bud & Sally Cannabis Co. recently welcomed local residents to check out the cannabis-infused products on offer, CTV News reports. As the only pot shop in town, the launch drew limited patrons. It’s not as if there’s a significant amount of local competition in the region, although Kitchener’s Meta Cannabis and Cambridge’s Tokyo Smoke are but a quick drive away. One Waterloo resident said lack of publicity may have been the cause. “I’m surprised, this seems like a ‘not...

Submitted by Marijuana News The first licensed cannabis store in Waterloo is open for business. Located on King Street South, Bud & Sally Cannabis Co. recently welcomed local residents to check out the cannabis-infused products on offer, CTV News...

click here for more

on December 30, 2019 in Cannabis News Canada

B.C. solicitor general forecasts better year ahead for cannabis products, revenue

Submitted by Marijuana News Premier John Horgan says it’s the best of times for cannabis users in British Columbia, but they could be even better. Since recreational cannabis became legal in Canada in October 2018, access to marijuana has become a matter of waiting for the mail to arrive or visiting a licensed dispensary, but something’s still missing, says the premier. Horgan said he wants British Columbia to take better advantage of the province’s worldwide reputation as a producer of top notch, award-winning weed, known as B.C. bud. “I remember being in Amsterdam and seeing all of the B.C....

Submitted by Marijuana News Premier John Horgan says it’s the best of times for cannabis users in British Columbia, but they could be even better. Since recreational cannabis became legal in Canada in October 2018, access to marijuana has...

click here for more

on December 30, 2019 in Cannabis News Canada

5 Trends that will dominate the cannabis landscape in 2020

Submitted by Marijuana News When the curtain finally closes on 2019, it’ll go down as one of the strongest years in a long time for the broader market, and likely the worst year for marijuana stocks. What had been an incredible buzz for investors throughout the first quarter turned into a major buzzkill for the remaining nine months. Since the end of the first quarter, most cannabis stocks have lost a significant amount of their market cap as questions fly concerning the growth trajectory of the global pot industry moving forward. But the big question: What does 2020 hold for...

Submitted by Marijuana News When the curtain finally closes on 2019, it’ll go down as one of the strongest years in a long time for the broader market, and likely the worst year for marijuana stocks. What had been an...

click here for more