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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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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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Mississauga Mayor ‘Startled’ by Illegal Cannabis Outlets in City, Council to Reconsider Retail Pot

Mississauga mayor ‘startled’ by illegal cannabis outlets in city, council to reconsider retail pot Council held out for more control of stores NEWS 04:00 AM by Steve Cornwell Mississauga News Mississauga Mayor Bonnie Crombie said that city council "did the right thing" in holding out on retail cannabis. - Torstar file photo Close to a year after opting out, Mississauga will reconsider allowing retail cannabis stores in the city.

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 ...

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Windsor Councillor to Raise Questions About Cannabis Retail Store at Next Council Meeting

Windsor Windsor councillor to raise questions about cannabis retail store at next council meeting Social Sharing 'This is a big deal for downtown,' says Bortolin CBC News Ward 3 Coun. Rino Bortolin says he spent some of the weekend fielding phone calls from residents concerned about the city's recent report on the 545 Ouellette Ave. location proposed as the city's first cannabis retail store. (Tahmina Aziz/CBC)

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 ...

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A Few Notable Winners From The Lift Canadian Cannabis Awards

A Few Notable Winners From The Canadian Cannabis Awards Benzinga Andrew Ward Benzinga

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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Stroke Risk May Double in Young Cannabis Smokers: Study

Stroke risk may double in young pot smokers: study A man lights a marijuana cigarette at on April 25, 2017

Article by Jonathan Forani, CTV News Smoking pot may double the risk of stroke in young adults, a U.S. group of researchers is warning. In a new study published Monday in the journal Stroke, incidences of stroke were compared with marijuana use in more than 43,000 adults between the ages of 18 and 44. People who used marijuana more than 10 days ...

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4 in 10 Managers Don’t Think They Have to Accommodate Medical Cannabis Use

4 in 10 managers don't think they have to accommodate medical cannabis use Many think random drug testing is allowed if OK by CEO: survey By Staff 11/11/2019| hrreporter.com People wait in line at a Cannabis NB store on the first day of legalization in Canada on Oct. 17, 2018 in Saint John, N.B. Shutterstock One out of three workers in Canada think that if they have disclosed they have a medical cannabis licence, they can consume cannabis during work hours.

Article by HRReporter.com One out of three workers in Canada think that if they have disclosed they have a medical cannabis licence, they can consume cannabis during work hours. In addition, four in 10 managers in Canada think employers don’t have a duty to accommodate medical cannabis use. Both parties are wrong, says Responsible Cannabis Use (RCU) in Toronto, which ...

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Are Lower Pot Prices Finally Coming to Ontario?

Home / News / Cannabis And You / Are Lower Pot Prices Finally Coming To... Are lower pot prices finally coming to Ontario? NEWS 04:26 PM BY JACOB LORINC TORONTO STAR The average retail price of legal cannabis per gram was $10.23 in September, while the average price of illegal cannabis was $5.59, according to Statistics Canada. - Codie McLachlan/Torstar

Article by Jacob Lorinc, Toronto Star via Toronto.com In October, Quebec-based pot producer Hexo Corp. announced the unveiling of a new cannabis line comprising a hybrid blend of sativa called “Original Stash.” Most newsworthy about the new line of pot: it marked a significant price reduction for the cannabis seller, with 28-gram packages priced at just $4.49 a gram — ...

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