News - Business (89 items)
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| Mar 11, 2025 |
Alberta's new QR code system enhances cannabis transparency, a first for Canada A pilot project in Alberta is aiming to transform cannabis product transparency with Metrc’s Retail ID system. By simply scanning a QR code provided at purchase, consumers gain access to lab test results, certificates of analysis (COA), product name, image, cannabinoid, and terpenes, ensuring greater trust in legal cannabis products. |
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| Mar 11, 2025 |
Cannabis producers want to play their part in push to strengthen Canada’s economy As Canadians focus on ways to strengthen their economy in the wake of ongoing threats from the current US government, many in the Canadian cannabis industry say they think cannabis is being overlooked as an economic powerhouse. Contributing hundreds of millions of dollars in excise tax to provinces since legalization began, and more than $8.3 billion to the country’s GDP in 2024, including the creation of thousands of jobs across the country, while not being at all reliant on US trade, Canada’s cannabis industry is in a unique position. |
| Mar 10, 2025 |
Cannabis industry’s contribution to Canada’s GDP continues to increase Canada’s legal cannabis industry contributed more than $8.3 billion to the country’s GDP in 2024, according to the most recent figures from Statistics Canada. |
| Mar 10, 2025 |
Four20 seeks extension and acceptance of recent plan of compromise In a bench brief in early March, 420 Premium Markets Ltd. and its associated companies sought an extension of its CCAA proceedings to April 30, 2025. The brief also seeks to authorize Four20 to establish two classes of Affected Creditors and seeks to accept the filing of the plan of compromise and arrangement of FOUR20 dated March 3, 2025. |
| Mar 7, 2025 |
Certifying Trust- Control Union Canada’s role in cannabis compliance In an industry where certifications are a benchmark for identifying qualified producers and manufacturers, Control Union Canada has established itself as a leading body to ensure cannabis producers meet the highest international standards. |
| Mar 7, 2025 |
Canadians are consuming less alcohol and more cannabis
Cannabis sales increased from 2023 while alcohol sales declined somewhat, according to the newest figures shared by Statistics Canada. Although cannabis sales have been somewhat cooling from the exponential growth seen in the first few years of legalization, sales of recreational cannabis by provincial cannabis authorities and other retail outlets increased 11.6% or $500 million from fiscal year 2022 to fiscal year 2023. |
| Mar 6, 2025 |
Cannara Biotech to Present at The Ventum Canadian Cannabis Conference on March 12th, 2025 MONTREAL, March 06, 2025 (GLOBE NEWSWIRE) -- Cannara Biotech Inc. (“Cannara”, “the Company”, “us” or “we”) (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB0), a vertically integrated producer of premium-grade cannabis and derivative product offerings at affordable prices with two mega facilities based in Québec spanning over 1,650,000 sq. ft., is pleased to announce it will be presenting at the Ventum Capital Markets Canadian Cannabis: The Emerging Leaders in Canada and Beyond conference on Wednesday, March 12th at 1:40PM – 2:00pm EST. |
| Mar 6, 2025 |
Pre-rolls close in on top cannabis sales spot in Canada Cannabis sales in Canada dropped last year, but pre-roll sales continued to rise and are on the verge of becoming the top sales category in the country. Flower sales dropped 9.3% in 2024 and edibles plunged 12.4% last year, contributing to a total cannabis revenue decline of 3.27%, according to a Custom Cones USA report based on Headset data. |
| Mar 6, 2025 |
Cannabis continues to be excluded from interprovincial trade discussions Most provinces, except for PEI and Newfoundland and Labrador, have signed an agreement to allow interprovincial alcohol sales directly to consumers. The cannabis industry has been asking for similar changes for years, but was not included in the conversation or subsequent announcement about lessening restrictions on cross-provincial alcohol sales. |
| Mar 3, 2025 |
Explaining why small cannabis producers in Alberta aren’t profitable When Canada legalized cannabis in 2018, the goal was to create a thriving legal market where small cannabis producers could find success alongside larger companies. |
| Feb 28, 2025 |
NL woman cultivating success with cannabis cafe, expands to Corner Brook "My whole idea for when people walk into an Oceanic cannabis store is for them to question is this a cannabis store," Taylor Giovannini |
| Feb 14, 2025 |
‘Incredibly Bullish’- How Canada’s Biggest Cannabis Players Are Conquering Europe (Part 1) As Canada works out how to deal with calls from its southern neighbour to become the 51st US state, it is expanding its own invasion on a very different front. Canadian cannabis’ dominance in the European market is stronger than ever, and the financial returns from some of its biggest players make it easy to see why. |
| Jan 24, 2025 |
Trudeau’s departure is a turning point for Canada’s cannabis industry
As Canada’s cannabis industry stands at a pivotal crossroads, the impending departure of Prime Minister Justin Trudeau marks the end of an era that reshaped Canada’s relationship with the plant. |
| Jan 14, 2025 |
Canada’s medical cannabis market remains steady, exports continue to increase The number of client registrations with federally licensed sellers of cannabis for medical purposes continued to remain fairly stable from March 2023 to June 2024. |
| Dec 22, 2024 |
Forgotten in the cannabis crash is how the industry is a Canadian success story There are more than 150,000 Canadians working in legal cannabis, and millions of licensed square feet of cannabis greenhouses in this country produce more than a billion grams a year. |
| Dec 6, 2024 |
Organigram Acquires Motif, Becoming Canada’s Largest Cannabis Company by Market Share Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the "Company" or "Organigram"), a leading licensed producer of cannabis, is pleased to announce the acquisition of 100% of the issued and outstanding shares of Motif Labs Ltd. (“Motif”), for upfront consideration of $90 million, consisting of $50 million in cash and $40 million of Organigram common shares priced based on the 30 day trading VWAP of $2.3210 on the Toronto Stock Exchange (“TSX”). |
| Nov 25, 2024 |
Health Canada gives Brock green light for cannabis testing Health Canada has granted Brock University a license to conduct cannabis analysis. The Analytical Testing license enables Brock researchers to examine samples from the cannabis industry to help companies develop their products and meet safety standards. This testing will take place using cutting-edge equipment within the Brock-Niagara Validation, Prototyping and Manufacturing Institute (VPMI). |
| Nov 14, 2024 |
Legalization hasn’t killed the black market for cannabis in Canada Legalizing marijuana was supposed to kill the illegal market but it hasn't. The reason is too much taxation, regulation and micro-management |
| Oct 18, 2024 |
First Nations cannabis industry continues to grow after 6 years of legalization in Canada An Indigenous-owned cannabis company in Chilliwack, B.C., that started out as a soverign dispensary is now setting its sights on becoming a global leader in the cannabis industry. |
| Oct 10, 2024 |
Spinach® Is the Number One Cannabis Brand in Canada TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos”), an innovative global cannabinoid company, is proud to announce that its award-winning brand Spinach® has risen to the best-selling cannabis brand in the Canadian market.1 Spinach’s market share outperformance represents Cronos’ relentless commitment to quality, innovation, and bringing differentiated products to the competitive Canadian adult-use market. |