Hexo Will Acquire Zenabis for $235 Million – LPC The cannabis consolidation movement in Canada marked another milestone. Hexo Corp. announced that it will acquire Zenabis Global Inc. for $235 million. Hexo claims the deal will help it strengthen its market position in Canada and globally, particularly in the US. “Hexo’s growth strategy includes expanding…
Here’s Why Amsterdam May Close Down the Coffeeshops Its Famous For – LPC It’s ironic that for decades, the city that’s been known for its cannabis coffeeshops might ban cannabis altogether. Amsterdam is well-established on the backpacker scene. It’s the first stop many young Canadians make when they get their Eurorail pass. But that’s part…
Government Hopes to Spur Economic Growth – LPC In a move that follows its neighbours in southern Africa including Zambia and Lesotho, Malawi legalizes cannabis for medicinal use. The small country northwest of South Africa and south of Tanzania is one of the poorest nations in the world with 50% of the population below the…
“Very Limited Supply” Only Available in 27 Stores Province-wide – LPC The first wave of cannabis 2.0 products hits Ontario today, though it may seem more like a ripple. The Ontario Cannabis Store (OCS), which manages distribution in the province, said that there is a “very limited supply”. A spokesperson said that supply to be…
Company Files International Patent for Mentabinol – LPC CanaQuest Medical Corp. announced expansion plans into the global medical cannabis market. Chairman and co-founder Paul Ramsay said it now has Health Canada sales, export, and import licences lined up. Its medical sales licence is through its subsidiary company, ADC BioMedical Corp. “We can expand globally very…
Positive Indications on Both Sides of the Border Send Stocks Upwards – LPC It seems that Ontario may finally do away with the lottery licence system. Many licensed producers (LPs), analysts, and policy groups have blamed cannabis retail roadblocks for disappointing cannabis sales. Ontario in particular has been blamed – a province with just 24…
Freedom Cannabis Builds Canada’s Largest Rooftop Solar Panel Array – LPC Can “green cannabis” cultivation become a reality? Edmonton’s Freedom Cannabis is taking a step in the right direction. It recently unveiled a mega solar project to help reduce greenhouse gas (GHG) emissions – and reduce its energy costs. The panels were built and installed by…
Small but Lucrative Operations Can Help Locals and Companies Alike – LPC We’ve heard about Lesotho cannabis opportunities in passing before. Supreme Cannabis has its Medigrow Lesotho brand. Canopy Growth invested approximately $29 million to buy Daddy Cann Lesotho in May 2018. That same month, Aphria partnered with South Africa-based Verve Dynamics, which has a…
Is the Industry Headed for Oversupply? – LPC Last week Aphria received its cultivation licence for its Aphria Diamond facility, which doubles cannabis production for the company. The new greenhouse adds 1.3 million square feet of production space amounting to a 140,000-kilogram increase in annual capacity. The faciity is also in Leamington, Ontario. Aphria owns 51…
CannTrust Receives Second Non-Compliance Notice – LPC Weeks after Health Canada stopped cannabis sales from CannTrust’s Pelham, Ont. site, its Vaughn, Ont. has also been found to be “non-compliant with certain regulations.” CannTrust announced in a press release that it has been cited for inadequate security and improper cannabis storage procedures, among other things. The…
