CBD Companies Positioning Themselves for Cannabis Legalization

Recreational cannabis use is illegal in the majority of US states, but the relaxation of hemp and CBD sales has created a set of companies that could more easily grab cannabis product market share if it is legalized. Companies selling CBD products are establishing their brands among consumers, and acquiring shelf space and retail relationships. If recreational cannabis is legalized, those companies can enter that market more quickly than a business starting from scratch. From…

Alberta Squeaks Out Title as Canada’s Top Cannabis Market With $123.6M Sold

Ontario, Quebec not far behind in new data showing sales since legalization. Albertans pull out their wallets for legal weed more often than other Canadians, new data shows. Statistics Canada has published new information on the amount sold at cannabis store across the country, from legalization in October 2018 to June 2019. The sales data shows that Alberta comes out as the top legal cannabis market in Canada, with more than $123.6 million in sales.…

Canadian Cannabis Producers Quadruple Hiring in a Year

So far, Canada’s cannabis legal grow-ops haven’t turned a profit as a group. It’s good to be in a booming new business ― and in the case of Canadian cannabis, maybe more so for employees than employers, for now. Cannabis producers haven’t yet turned a profit, but employment in the legal cannabis trade quadrupled between the 2017-18 fiscal year and 2018-19, according to new data from Statistics Canada. That was the period during which cannabis…

Aphria Signs New Cannabis Delivery Partnership In Canada

NYSE-traded cannabis company Aphria Inc. (NYSE: APHA) (TSX:APHA) and ParcelPal Technology Inc. (CSE: PKG) (OTC: PTNYF) will be announcing later today a strategic partnership for the delivery of the former’s medical cannabis products. According to information procured exclusively, ahead of a press release hitting the wire later today, distribution and delivery will commence in Calgary, Alberta, but expansion into other areas is expected to follow shortly. Aphria will be providing the cannabis products and online…

Tilray® Announces Agreement to Export First Shipment of Medical Cannabis From Portugal to Germany

Tilray, Inc. (NASDAQ:TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today announced it has entered into an agreement with Cannamedical Pharma GmbH (“Cannamedical”) through its wholly-owned subsidiary Tilray Portugal Unipessoal Lda. (“Tilray Portugal”), to export a wholesale shipment of $3.3 (€3) million worth of medical cannabis from Portugal to Germany. The shipment, which is expected to be completed in fall 2019, will be Tilray’s first from its state-of-the-art EU campus in Portugal…