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…
Hexo Led the Way and Now Several LPs Offering Cheap Cannabis Options – LPC Cheap cannabis is on the rise and according to analysts, it’s undercutting the illegal cannabis market. Hexo began selling its “Original Stash” brand at $4.49 per gram in bulk last October. Now, about a dozen other companies are following suit including…
Represents Considerable Opportunities for Canadian Licensed Producers – LPC Lebanon legalized medical cannabis on April 20, 2020 to permit the cultivation, trade, research, and medical use of cannabis. It is the second in the region after Turkey. Worldwide, medical cannabis is legal in Australia, Brazil, Canada, Chile, Colombia, Croatia, Cyprus, Czech Republic, Finland, Germany, Greece,…
Vaping Gets Lion’s Share of Ontario Cannabis 2.0 Sales; More to Come – LPC Ontario Cannabis 2.0 sales topped approximately $4.3 million in sales in January, according to the government-run retailer. Vape sales were by far the highest at about $3.77 million. Edibles made up the rest, about $569,000 for the month. Cheri Mara, OCS…
US Partner to Canopy Growth Says Black Market Cannabis is Shrinking – LPC The Canadian cannabis market made news once again south of the border. Constellation Brands announced its third-quarter earnings with net income of US$366.5 million. That’s after a US$71.1 million loss due to Canopy Growth. But despite losses, Constellation CEO Bill Newlands said…
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…
US Company May Be Headed Away From Cannabis Investment Altogether – LPC Canopy Growth’s US partner, Constellation Brands, announced last week that it was stopping all cannabis investment in the company. This came after Canopy once again announced losses for the quarter, along with several other industry giants. CEO Mark Zekulin blamed the Ontario government…
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…
One Analyst “Calls Bottom” of Canadian Cannabis Stock Declines – LPC Despite recent bad news from various quarterly reports, at least one analyst is displaying cannabis investor optimism. Cantor Fitzgerald Analyst Pablo Zuanic said that now is a good time to start looking at long-term cannabis investments. “We are calling the bottom on Canadian cannabis…
