The study also found the legalisation of recreational marijuana increases online searches by adults by 17%. However, there is a decrease in searches done by those aged 19 and under after the substance is legalised. The study shows online searches for alcohol decreased by nearly 11%, while tobacco products were searched online nearly 8% more often. Instead, magistral preparations with CBD isolate seem to be the preferred product eco sober house boston for this indication with a growth of 42.5% from Q to Q2 2020, reaching over 3.4 million milligrams of magistral CBD dispensed. Another boost for epilepsy patients is the arrival of Epidiolex in Denmark. US multi-state wholesaler Breakthru Beverage announced that it had invested US$9.2 million in Canadian cannabis producer CannTrust in September, becoming the exclusive distributor for CannTrust products in Canada.
Bennett Jones reflects the integrity and professional excellence of the firm’s Founding Partners. Over the years, the firm has produced some of Canada’s most accomplished legal and business leaders, fostering values that established it as one of Canada’s most successful business law firms. The firm prides itself on offering clients innovative, strategic and forward-thinking approaches to business, legal and regulatory challenges and opportunities.
Royal Mail owner International Distribution Services says to cut…
In 2017, it acquired a 46 acre property with a 430,000 sq ft greenhouse in Fenwick, Ontario, which it is transitioning to MC production. While the media keeps our brains occupied, supermarket retailers are busier than ever keeping us from going hungry. The world’s largest supermarket chain is helping less affluent Americans during the crisis by donating $3 million (£2.4m) to ensure food banks around the country are stocked up and children who qualify for free school lunches continue to have access to nutritious meals. On top of that, at the beginning of May the company announced it would be donating 200,000 gallons of milk to food banks in the US until the end of August. As 3D printing technology is super-versatile, the process is ideal for producing medical equipment quickly and cheaply. For this reason US insole manufacturer Superfeet is offering manufacturers and inventors access to its HP Multi Jet Fusion printers, and is creating a production line devoted to medical products.
The company has said it aims to be a consolidator rather than be consolidated. The Green Organic Dutchman is at an earlier stage of its life compared to most of its rivals and is focused on producing organic cannabis, stating it is the ‘only certified organic scaled producer in the industry’. It has only just started to commercialise its products targeting international medicinal markets and the recreational market in Canada. Its production capacity is set to expand dramatically over the forthcoming years, from around 17,500kg to 219,000kg by 2021.
- You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
- Hunger relief organisation Feeding America will receive $1 million (£800k) of the grant.
- David Bursey, whose experience covers environmental issues pertaining to the mining, forestry, energy and transport sectors, is another name to note in Vancouver.
- This is likely to be a bigger problem where medical markets are more established, have existed for longer, or are larger in size.
I’d like to receive information from IG Group companies about trading ideas and their products and services via email. Tobacco giant Imperial Brands has taken just under a 20% stake in Auxly as its exclusive global cannabis partner, with the pair initially focusing on vaping. It is also aiming to ‘create the world’s first beer brewed from cannabis’ through a deal with Province Brands, which it owns 10% of.
Canada > Corporate and M&A
Hi-Fi Hops came about through a collaboration between cannabis company AbsoluteXtracts and Lagunitas. It’s available in two versions, one with 10 mg of THC, and the other with 5 mg of THC and 5 mg of CBD. In a release today as it launched its first official day of cannabis sales, Great North Distributors claimed that it is Canada’s first national sales broker for legalised cannabis. In September this year, reports emerged that drinks giant Coca-Cola was eyeing up a move into cannabis, having reportedly been in talks with Canadian cannabis producer Aurora to develop drinks infused with CBD. Scroll through to see the drinks companies that have already expressed an interest in the sector. Readers, please consider keeping an eye on my website, Epstein Research, for articles and CEO interviews on small cap #cannabis, #hemp, #CBD, #MSO companies.
Denmark boasts one of the more open schemes for medicinal cannabis access in Europe. Virtually all cannabis products for therapeutic use can be prescribed and dispensed in the Nordic country, from magistral preparations with dronabinol or CBD isolate, to medical flower and full-plant extracts, which have been accessible since 2018 through a pilot scheme. https://sober-house.net/ However, medical cannabis products are subject to harsh regulatory requirements; stricter than EU-GMP, which hinders the launch of new products on the market. In addition to that, licensed pharmaceuticals such as Sativex and Epidiolex are also marketed, while special importation of unlicensed pharmaceuticals such as Marinol and Nabilone is also possible.
Bruce Hibbard, who is also based in Calgary, assists private equity and venture capital funds with fund formation and investments in start-ups. Bennett Jones LLPis highly reputed for advice on tax planning, as well as the tax aspects of M&A, inbound private equity investments, equity fundraises and debt restructurings. Its team’s expertise spans areas such as oil and gas, mining, real estate, technology and financial services. Recent work including providing tax advice to Cenovus Energy in relation to its $23.6bn combination with Husky Energy.
Continued Plaintiff Bar Interest in International Companies
Such strategies simplify the administrative process; however they also create significant barriers to diverse participation in the market, and limit access for local small businesses, who may well represent the local communities more closely than the larger operators. OrganiGram is not the largest player but is more financially stable, having delivered positive Earnings before interest, tax, depreciation and amortisation for four consecutive quarters to the end of May 2019. It even managed to book a CAD23 million pretax profit over the last nine months, although it did report a CAD12.4 million loss in the latest quarter. The company is primarily focused on the medicinal and recreational markets in Canada, but it has said it intends to capitalise on the international opportunity in the future by signing partnerships with foreign firms.
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Electric car manufacturer Tesla went all out to meet the fierce demand for ventilators. The CEO’s generosity hasn’t been without controversy however, as governors in California said that the state’s 1,000 ventilators have yet to arrive a month after they were promised. In response, Musk tweeted out details of the numbers of ventilators delivered across the US, with 197 noted for California hospitals. More controversy has followed and on 11 May Musk announced he would be reopening the Tesla factory in California in defiance of local public health orders.
- The online accommodation marketplace, which is listing available properties on its Open Homes platform, set itself the goal of putting up 100,000 healthcare professionals, first responders and relief workers.
- The corporation has also donated fully-functional medical equipment, such as ventilators, that had been used as pieces of set in some of its hospital-based TV dramas.
- Construction law expert Jason Roth chairs the capital projects group that is skilled at advising clients on the entire life-cycle of projects, including funding, procurement, development, construction, dispute resolution and governance issues.
Looks like someone just accidentally bought 60,000 shares at .01 instead of .001.
Toronto-based partner Gary Solwayleads Bennett Jones LLP’s technology, media and entertainment practice, which handles a wide range of mandates for start-up and emerging technology enterprises. Its varied portfolio of work includes M&A and finance transactions, as well as licensing matters. Solway has over 35 years of experience acting for venture capital investors, start-ups, mature businesses and public companies in the IT sector. Also recommended isSébastien Gittens, who works across both the IT and IP practices from the Calgary office; he focuses on M&A and licensing matters.
I imagine the fallout from CannTrust could slow the approval of new licensed producers, which would help existing producers. I say, “remaining” because I don’t see how CannTrust can possibly survive in its current form. To be clear, I don’t mean to say that the stock is going to zero, just that the company should be sold to a larger player, of which at least 9 are potentially good fits. The following article contains thoughts, inferences & opinions that are entirely those of Peter Epstein of Epstein Research.
The alcohol industry could be impacted by the legalisation of cannabis across the USNew research in the Informs journalMarketing Scienceclaims that the alcohol industry could be impacted when the substance is legalised. In August, there were reports that Diageo was in talks with at least three leading cannabis companies as it considers adding marijuana-infused drinks to its portfolio. In May this year, it was announced that the Canadian branch of drinks distributor Southern Glazer’s Wine and Spirits had created a separate business arm dedicated to cannabis products. “Our $4 billion investment in Canopy Growth provides us with a strong foothold in the emerging global cannabis market, which could be one of the most significant growth opportunities of the next decade,” Rob Sands, Constellation’s CEO said in a statement.
The firm is a go-to destination for energy regulation and infrastructure projects across generation, transmission and distribution, demonstrating particular strength in British Columbia, Alberta and Ontario. Typical mandates for the Calgary-based team also include environmental compliance, procurement, restructuring and M&A transactions. Co-head David Macaulay ‘s experience in the sector covers M&A and project development in Western Canada. Fellow co-chairThomas McInerneyis regularly retained bu energy clients in commercial transactions, and renewable power generation projects.
Importantly, it says the recent debt it raised to increase capacity should be enough to make it self-sustainable and cashflow positive – meaning it shouldn’t have to raise more debt or issue more equity again. The company has expanded into Germany through a distribution and supply deal with pharmaceutical firm Acnos Pharma, and has entered Australia by taking a 10% stake in cultivator CannaPacific. Finally, Xscape is designed for occasion-specific use, making it more appealing to less experienced users. “The Synr.g collection was curated for social occasions and consumers who are passionate about taste and aroma. Whether it’s date night, a dinner party or something else entirely, the Synr.g strains have been crafted to enrich every gathering,” she adds. Synr.g, by contrast, is for social users, and is available both as pre-rolled joints and dried flowers.
We look at the top 20 largest cannabis companies and explain how to trade stocks and the new IG cannabis index. Safe harbor laws, and such statements are based upon CannTrust’s current internal expectations, estimates, projections, assumptions and beliefs and views of future events. According to the report, the “recent wave of recreational cannabis legalisation across the US could generate US$22 billion in sales per year”.
They have plenty of exciting growth opportunities and deal flow in the U.S. Edison Investment Research Limited is the New Zealand subsidiary of Edison. Edison NZ is registered on the New Zealand Financial Service Providers Register and is registered to provide wholesale and/or generic financial adviser services only. Edison Investment Research Inc is the US subsidiary of Edison and is regulated by the Securities and Exchange Commission.
What Canada’s decision means for US border states that have not legalised the drug remains to be seen. Last month, Michigan has voted to ban all cannabis-infused drinks in a pre-emptive move should the state legalise marijuana for recreational use this month. Across the border, 9 US states and Washington DC have legalised recreational cannabis to those aged over 21. Canadian MC producers and consumers must be registered through the Access to Cannabis for Medical Purposes Regulation provisions. The number of ACMPR patients rose 108% in 2017 to 0.27 million, and CannTrust had c 37,000 active patients at year end 2017. Its 2017 revenue of C$20.7m (+372% y-o-y) reflected 1,027kg of DC and 1,206kg of DC equivalent sold from oil, and was driven by its 40,000 sq ft Vaughan facility .
The chain is offering complimentary rooms in the five-star hotel to doctors and nurses working in local hospitals. In America, &pizza is treating healthcare workers to free pizzas and best of all, the company’s offer is unlimited. To take advantage of the initiative, hospital staff simply need to show their work ID at any one of the fast casual dining chain’s restaurants in Florida, Maryland, Massachusetts, New York, Pennsylvania or Washington DC.