Extroverting

Category: Canada

  • The One Number That Matters for the Hottest Marijuana Stocks

    The One Number That Matters for the Hottest Marijuana Stocks

    It’s been a busy few months for Aurora Cannabis. Just how busy was made crystal clear when the Canadian marijuana grower reported its fiscal 2018 second-quarter results last week.

    While Aurora’s Q2 results were impressive, the most important number of all won’t be found on the company’s income statement or its balance sheet, according to Nasdaq.com.

    Instead, the one number that matters the most for Aurora was 240,000. That’s the number of kilograms of cannabis the company will be able to produce on an annual basis with currently owned facilities.

    Read the full story.

     

     

  • 5 Words That Could Mean Billions of Dollars for Marijuana Stocks

    5 Words That Could Mean Billions of Dollars for Marijuana Stocks

    You've heard the old saying that a picture is worth a thousand words. But what's a word worth? In the case of five words spoken by Canada's public safety minister, Ralph Goodale, the answer just might be at least $1 billion each, according to the Motley Fool.

    Goodale stated this past week that Canada is "on track and on time" for legalization of recreational marijuana in July.

    There had been some concerns that the country wouldn't be able to pull off legalization on such a quick time table, but Goodale's message could alleviate some of those concerns. And, assuming he's right, those five words could mean billions of dollars for marijuana stocks.

    Read the full story.

  • Canadian Brewer Files Patent for Cannabis Beer

    Canadian Brewer Files Patent for Cannabis Beer

    A Canadian company has filed a technology patent for the production of beer brewed from cannabis, using a method that sees the grains traditionally used to make beer completely replaced with marijuana, according to The Drinks Business.

    Province Brands filed the provisional patent for the “world’s first beers brewed from the cannabis plant” in July 2017, further stoking interest from the drinks industry in the burgeoning cannabis industry since Constellation bought a 10% stake in Canadian marijuana company Canopy Growth Corp for £141 million with plans to make cannabis-infused drinks.

    Chief executive Rob Sands believes cannabis will eventually be made legal for recreational use in all American states, with the company, like Province Brands, looking to get a head start on the competition.

    Read the full story.

  • Ontario Proposal to Allow Cannabis in Hotel Rooms Could Jump-Start Pot Tourism

    Ontario’s proposal to allow people to consume marijuana in hotel rooms opens the door to a boom in cannabis tourism, says lawyer Matt Maurer.

    Maurer heads the cannabis law group at Minden Gross in Toronto, and says he knows businesspeople who are interested in opening cannabis-friendly hotels and resorts, according to the Ottawa Citizen.

    Maurer says he was surprised by the province’s proposal to loosen up the ban on consuming cannabis anywhere other than private homes. The government has also asked for public comments on whether to allow cannabis lounges.

    Read the full story.

  • Fish Waste Used to Grow Marijuana in Former Pulp Mill

    A Nova Scotia company will soon begin growing cannabis in a former pulp and paper mill in Queens County, and hopes the buy-local ethos extends to marijuana.

    Health Canada granted Aqualitas Inc.'s cultivation licence Jan. 19, making it the third Nova Scotia company to get the approval — joining Breathing Green Solutions Inc., which has a production facility in the Wentworth Valley, and THC Dispensaries Inc. of Antigonish, according to CBC.

    Myrna Gillis, co-founder and CEO, said Aqualitas plans to start growing its first crop in February and then it will test it and apply for a sales licence, with the hope of selling cannabis this summer. So far, none of the three Nova Scotia companies are licensed to sell.

    Read the full story.

    • Niagara Falls Weighs Pros and Cons of Cannabis Tourism

      Niagara Falls tourism officials think there's a chance American tourists will cross the border to smoke legal pot.

      And they are asking whether the area should try to capitalize on American and other home-grown pot tourists by creating licensed pot lounges, according to CBC.

      With the legalization of cannabis deadline approaching, the province is looking at considering allowing licensed cannabis consumption lounges and is asking the public to weigh in on its decision a questionnaire.

      "We're just researching and trying to come up with what the stakeholders and give that information to the municipality and pass it on to the province so they know what our feelings are," said Wayne Thomson, Niagara Falls Tourism Chairman.

      Read the full story.

      • Can Landlords Ban Legal Cannabis? Here’s What the Law Says

        Can Landlords Ban Legal Cannabis? Here’s What the Law Says

        Adult-use recreational cannabis is scheduled to be made legal across Canada this summer. But not everyone’s celebrating.

        As legalization looms nearer, some apartment-dwellers are prepping for legal battles over tenant rights to follow. Not all tenants are looking forward to legalization and are not welcoming to the idea of legalized cannabis being smoked indoors, according to Leafly.

        Steven Lebow is one such tenant. A renter in Toronto, he’s tangled with cannabis-smoking neighbours in his building, who used heavily enough for Lebow to be able to smell the smoke from inside his apartment. 

        “It got to point that the cleaning help refused to clean the hallway as the smell was so strong,” Lebow told Leafly, noting that his complaints didn’t bring the results he hoped for.

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      • Canadian Cannabis Companies Search for Workers Ahead of Legalization

        Canadian Cannabis Companies Search for Workers Ahead of Legalization

        Canadian marijuana companies are on a hiring spree, looking to fill an array of roles as they gear up for the legalization of recreational cannabis later this year.

        The workforce is booming, said Alison McMahon, who runs Cannabis At Work, a staffing agency focused on the burgeoning industry. Right now, she's recruiting for positions in everything from growing and production to sales and marketing, all across the country, according to CBC.

        Stigma may once have kept people from applying for work with a cannabis company, but those perceptions have shifted and people are now excited about the opportunities, McMahon said.

        "I think that the people, at this point, who are looking at the industry and are excited really see the upside and the growth potential," she said. "More and more people are open to this topic, so it doesn't end up being that big of a deal."

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      • Women Lead the Way at Canadian Cannabis-Testing Facility

        It has been said that Canada’s burgeoning cannabis industry is largely dominated by men, so when the Georgia Straight learned about a cannabis-testing lab run by a team of women, the publication sent a reporter to check it out.

        At Northern Vine Labs in Langley, British Columbia, resident scientists Katherine Maloney, Claire Maloney (the two are cousins), and Jaclyn Thomson work in sync to offer quality-control testing of cannabis and cannabis products to licensed producers and registered medical patients. 

        During an interview with the four women at the lab, McCarthy says that although there wasn’t a directive to hire women exclusively, Northern Vine simply acquired the best people for the job.

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