Canadian MJ firms that do business in U.S. could lose TSX stock listing

The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted.

The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a notice to listed companies that provided clarity regarding the application of its rules for companies in the marijuana sector.

It noted that marijuana remains illegal under federal law in the United States, and that cannabis companies doing business there could have their TSE and Venture listings reviewed.

“There may be issuers on our market that are not in compliance with

Canadian MJ firms that do business in U.S. could lose TSX stock listing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Researchers urge BC to stick with ‘proven’ marijuana dispensaries

Let the private sector play a role in selling marijuana in British Columbia.

That’s the advice of two researchers at a leading Canadian university. They are cautioning politicians in B.C. against upending the province’s longstanding dispensary system, saying there are aspects of the existing storefront model that the government could adapt to its legal framework for both medical and recreational marijuana.

Associate professor Zach Walsh and Ph.D candidate Rielle Capler of the University of British Columbia say store-front dispensaries – though illegal in Canada – provide a “proven, valuable” service.

They added that customers prefer the independent storefront model

Researchers urge BC to stick with ‘proven’ marijuana dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Will Alberta be the first province to endorse private marijuana retail?

Alberta could become the first province in Canada to allow some private sector participation in the sale of recreational cannabis when it unveils its retail framework next week, a move that would make it a haven for marijuana entrepreneurs.

According to the Calgary Herald, Alberta’s ruling NDP government is weighing public safety, retail efficiency and the logistics of setting up a province-wide sales network by next summer, when recreational marijuana is expected to be legalized across Canada, Premier Rachel Notely told reporters.

“One of the issues there to balance is public safety and quality control in terms of keeping

Will Alberta be the first province to endorse private marijuana retail? is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Organigram aims to be recertified as organic MMJ producer

Less than a year after Organigram had its organic certification suspended following a product recall, the Moncton, N.B.-based company started the process to be recertified as an organic producer of medical cannabis.

Organigram said in a news release it submitted an “action” plan to Ecocert Canada, an organic certification body recognized by the Canadian Food Inspection Agency.

The recertification process involves a series of onsite inspections, and Organigram aims to complete the process before next July, when recreational cannabis is expected to be legalized in Canada.

Organigram, whose product had been marketed as “100% organic cannabis,” was rocked

Organigram aims to be recertified as organic MMJ producer is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canopy expands to BC with plans for large marijuana greenhouse

Canopy Growth has formed a joint venture to develop a 1.3-million-square-foot marijuana greenhouse in British Columbia.

The agreement, announced in a news release, nearly doubles the Ontario company’s total greenhouse and indoor production footprint to 3.2 million square feet across six provinces.

Canopy – Canada’s largest licensed medical marijuana producer, with a market capitalization of 2.2 billion Canadian dollars ($1.76 billion) – has an option to develop a 1.7-million square-foot greenhouse at a second location in the province.

Canopy has teamed with a greenhouse operator it did not identify in the release. The greenhouse company will own one-third of

Canopy expands to BC with plans for large marijuana greenhouse is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canadian medical marijuana will be available in most of Germany’s 20,000 pharmacies

By Matt Lamers

Canadian medical marijuana will ultimately be available in most of Germany’s 20,200 pharmacies, thanks to two notable deals reached this week by major licensed MMJ producers.

The agreements – involving Cronos Group and Tilray – will put tens of millions of dollars worth of Canadian MMJ within reach of Germany’s 70 million insured people.

Product could be available in pharmacies as soon as next week.

The two agreements underscore the determination among Canadian medical marijuana producers to aggressively expand into Germany, which is Europe’s largest pharmaceutical market. The Cronos and Tilray deals are among

Canadian medical marijuana will be available in most of Germany’s 20,000 pharmacies is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Aurora Cannabis strikes stock deal to raise CA$60 million

Aurora Cannabis reached a stock-purchase deal to raise another 60 million Canadian dollars ($50 million) to fund its domestic and international expansion initiatives, bringing its new financing so far this year to CA$264.1 million.

Aurora – based in Alberta and traded on the Toronto Stock Exchange under the symbol ACB – said in a news release that the underwriters have an option to increase the proceeds of the latest capital raise to CA$69 million.

The CA$60 million funding, announced Tuesday, represents a CA$10 million increase from an initial bought deal transaction that Aurora had announced the same

Aurora Cannabis strikes stock deal to raise CA$60 million is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Provincial Preview: Ontario is Canada’s multibillion-dollar marijuana hub

By Matt Lamers

One year ahead of adult-use legalization, Ontario has become the hub of Canada’s production, finance and ancillary cannabis industries.

Large licensed producers dominate the province’s marijuana sector. Opportunities for entrepreneurs will be less widespread, but are expected to be available in ancillary businesses such as security, greenhouse supplies and accounting.

Provincial Preview: Ontario is Canada’s multibillion-dollar marijuana hub is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Provincial Preview: Ontario is Canada’s multibillion-dollar marijuana hub

By Matt Lamers

One year ahead of adult-use legalization, Ontario has become the hub of Canada’s production, finance and ancillary cannabis industries.

Large licensed producers dominate the province’s marijuana sector. Opportunities for entrepreneurs will be less widespread, but are expected to be available in ancillary businesses such as security, greenhouse supplies and accounting.

Provincial Preview: Ontario is Canada’s multibillion-dollar marijuana hub is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs


Canadian marijuana producers form co-op to sell rec products

A dozen of Canada’s largest marijuana producers have come together to form the Canadian Cannabis Co-op and are offering to bankroll a “turn-key” retail network in Alberta to sell adult-use products alongside private retailers and government-run outlets.

The group, which unveiled its plans in a news release, hopes to extend the initiative to other provinces.

In their news release, the companies said Alberta could benefit from the direct investment of tens of millions of dollars to set up the infrastructure to sell recreational marijuana starting next summer.

The group said it would create more than 500 “near-term” jobs and provide

Canadian marijuana producers form co-op to sell rec products is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs