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
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” ...
Read More »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 ...
Read More »Sliding Weed Prices are Leaving Cannabis Producers Vulnerable to Writedowns
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 ...
Read More »Fake It Till You Make It: Drake Tries to Trademark Health Canada’s Cannabis Warning Label in U.S.
Article by David Yasvinski, Growth Op Drake has a serious case of FOMO. In a trademark application filed through his Dream Crew company, the Canadian rapper and cannabis entrepreneur is trying to secure the rights to an image of a red stop sign with a cannabis leaf and the letters THC on it. The problem is that exact image is ...
Read More »Canadian Cannabis Company Cronos Group Misses Revenue Estimates, Hit By Over Supply
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 ...
Read More »Cannabis Firm Gives Up On London Expansion, Puts Venue Up For Sale
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 ...
Read More »Mississauga Mayor ‘Startled’ by Illegal Cannabis Outlets in City, Council to Reconsider Retail Pot
Article by Steve Cornwell, Mississauga News 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” by the amount of ...
Read More »Windsor Councillor to Raise Questions About Cannabis Retail Store at Next Council Meeting
Article by CBC News Windsor Ward 3 Coun. Rino Bortolin says he plans on raising concerns over a recent report opposing the proposed 545 Ouellette Ave. location for the city’s first cannabis retail store. On Monday, Bortolin said he was surprised by the comments made in the report, as well as the position taken by city administrators. “I didn’t realize ...
Read More »A Few Notable Winners From The Lift Canadian Cannabis Awards
Article by Andrew Ward, Yahoo Finance The sixth annual Canadian Cannabis Awards were held Nov. 8 at the Fairmont Royal York in downtown Toronto. In addition to top names in cannabis, the evening celebrated the recent anniversary of the first full year of legal laws and sales in the country. The evening saw 32 categories and winners announced by Lift & Co.(OTC: LFCOF) ...
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