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No News on Sault Ste. Marie Cannabis Store

No news on local cannabis store Many cannabis stores, including the one proposed for Sault Ste. Marie, remains tied up until court action wraps up. Elaine Della-MattiaElaine Della-Mattia

Article by Elaine Della-Mattia, Sault Star Sault Ste. Marie’s cannabis store remains in a hold mode as the dispute over the province’s licencing lottery system continues to weave its ways through the judicial system. To date, the City of Sault Ste. Marie has not received any additional information pertaining to the cannabis legislation, or the potential store, said Tessa Vecchio. ...

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Regulators Ready to Crack Down on Conflicts of Interest in Cannabis Sector

Regulators ready to crack down on conflicts of interest in cannabis sector Crypto-currency and blockchain could be next Canadian securities regulators are preparing to enforce stricter guidelines for the cannabis industry. Getty Images Barbara Shecter

Article by Barbara Shecter, Financial Post Canadian securities regulators are preparing to enforce stricter guidelines for the cannabis industry after finding a series of inadequacies in the way companies disclose conflicts of interest, particularly when it comes to cross-ownership in mergers and acquisitions. In some cases, regulators discovered that the buyer or seller in an M&A transaction — or an executive ...

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Mississauga Council to Reconsider Retail Pot After Mayor ‘Startled’ By Illegal Cannabis Outlets in City

Mississauga council to reconsider retail pot after mayor ‘startled’ by illegal cannabis outlets in city By Steve Cornwell Mississauga News

Article by Steve Cornwell, Mississauga News via Toronto Star Close to a year after opting out, Mississauga will reconsider allowing retail cannabis stores in the city. The city will look again at cannabis storefronts in the new year, in part, Mayor Bonnie Crombie said, because of the persistence of the illegal market in Mississauga. She said she was “very startled” ...

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Those New to Cannabis Edibles Advised to ‘Start Low and Go Slow’

Those new to cannabis edibles advised to ‘start low and go slow’

Article by Haliburton Echo With cannabis edibles soon to enter the marketplace, the Haliburton, Kawartha, Pine Ridge Health Unit is advising the public that if they intend to try edibles, they should “start low and go slow.” Edibles, extracts and topicals are legal in Canada as of Oct. 17, but will not be in licensed cannabis stores until mid-December at ...

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Sliding Weed Prices are Leaving Cannabis Producers Vulnerable to Writedowns

Sliding pot prices are leaving cannabis producers vulnerable to writedowns Accounting quirk gives licensed producers significant latitude in valuing their assets before they are sold — but now prices are falling Vanmala Subramaniam

Article by Vanmala Subramaniam, Financial Post Declining cannabis prices could potentially leave some cannabis companies vulnerable to writedowns due to an accounting quirk that gives licensed producers significant latitude in valuing their assets before they are sold, say auditing experts. “If you’re still sitting on inventory when the price of cannabis goes down, and you can’t sell your inventory for ...

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Canadian Cannabis Company Cronos Group Misses Revenue Estimates, Hit By Over Supply

Business Canadian pot company Cronos Group misses revenue estimates, hit by over supply Social Sharing Facebook LinkedIn Twitter Email Reddit Revenue rose to $12.70 million but missed expectations of $14.14 million Thomson Reuters Cannabis industry retail sales have failed to offset the supply surplus. (Blair Gable/Reuters)

Article by CBC News Cronos Group Inc. fell short of quarterly revenue estimates on Tuesday, as the Canadian producer’s revenue per gram of cannabis sold fell in a market suffering from surplus supply. The cannabis industry in the country is facing a supply glut as companies ramp up production. But retail sales have failed to offset the surplus, even though ...

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Solar-Powered Pot: Edmonton-Area Producer to Unveil Largest Rooftop Solar Array

Solar-powered pot: Edmonton-area producer to unveil largest rooftop solar array Solar panels are shown in this file photo from May 13, 2015. (AP / John Raoux) Jeff Lawrence, CTV News Edmonton

Article by Jeff Lawrence, CTV News Electricity consumption is one of the biggest barriers to going green in the cannabis industry, but an Edmonton-area pot producer has come up with a sunny solution. Freedom Cannabis is unveiling the largest rooftop solar system used by a cannabis facility in Canada at its 126,000-square foot Acheson location, 20 kilometres west of Edmonton on ...

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Cannabis Firm Gives Up On London Expansion, Puts Venue Up For Sale

Marijuana firm gives up on London expansion, puts venue up for sale DALE CARRUTHERS Cannabis producer Beleave is selling the Wellington Road greenhouse it bought last year. The company had planned to renovate the greenhouse to grow marijuana. Dale Carruthers / The London Free Press

Article by Dale Carruthers, London Free Press An Ontario cannabis company’s plan to put down roots in London – and bring more than 200 promised jobs – has gone up in smoke. Beleave Kannabis Inc., a licensed pot producer with an operation in Hamilton, bought the former Heritage Garden Gallery greenhouse at 6867 Wellington Rd. S. last September, paying $6.7 ...

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